Latin America Pet Food Market is projected to reach USD 10.64 Billion by 2021
Latin America Pet Food Market by Ingredient (Animal Derivatives, Fish derivatives, Fruits & Vegetables, Cereals & Cereal by-products, Fats & Oils, Vitamins & Minerals, Additives), by Animal Type (Dog, Cat, Bird, Other animals), and by Region
(EMAILWIRE.COM, August 31, 2017 ) According to the report Latin America Pet food market, published by Market Data Forecast, the Market has been estimated at USD 7.55 Billion in 2016 and is projected to reach USD 10.64 Billion by 2021, at a CAGR of 7.11% during the forecast period from 2016 to 2021. Pet food is the feed given to the pet animals which includes plant or animal content. The higher-quality ingredients in premium pet foods are more digestible and contain more usable nutrients. The better the digestibility, the more nutrients the pet will absorb in his system. Foods with lower-quality ingredients are less digestible and move more quickly through the pet’s system.
Increasing pet ownership and rising per capita disposable income are the main factors that are driving the demand for pet foods in Latin America. Also, in recent times, there has been an increasing awareness about the benefits of pet foods that has made many pet owners shift to pet foods. This is also one of the important reasons for a rise in demand for pet food. But, the market growth can be constrained due to less availability of raw materials and high cost of products.
Browse market data tables and in-depth TOC of the Latin America Pet food Industry to 2021 @ http://www.marketdataforecast.com/market-reports/latin-america-pet-food-market-429/
Latin America market for Pet food is segmented into ingredients, animal type and geography. Each of these segments are further sub segmented into, Ingredient: Animal Derivatives, Fish derivatives, Fruits & Vegetables, Cereals & Cereal by-products, Fats & Oils, Vitamins & Minerals, Additives; Animal: Dog, Cat, Bird, Other animals.
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Geographically Latin America market for Pet Food is segmented into Brazil, Argentina and Mexico. These three countries hold nearly 95 percent of the market volume of pet food. Brazil dominated the market accounting for market share of 63% in Latin America region.
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The Latin America pet food industry is highly concentrated with ten major players together accounting for more than 50% of the market share and remaining market share distributed among the large number of small manufactures. Mars, Inc., Del Monte Foods, Hills Pet Nutrition, INC, Unicharm Corporation, Nippon Formula Feed Manufacturing Company LTD, Pet Center, Incorporated (PCI), Nestle Purina Pet Care, Nisshin Saifun Group INC. Natural Dog Food Company, Halo, Purely for Pets, Marukan CO. LTD., Nutrena, and Spectrum Brands, INC. are the major companies in the market.
About Us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions
Increasing pet ownership and rising per capita disposable income are the main factors that are driving the demand for pet foods in Latin America. Also, in recent times, there has been an increasing awareness about the benefits of pet foods that has made many pet owners shift to pet foods. This is also one of the important reasons for a rise in demand for pet food. But, the market growth can be constrained due to less availability of raw materials and high cost of products.
Browse market data tables and in-depth TOC of the Latin America Pet food Industry to 2021 @ http://www.marketdataforecast.com/market-reports/latin-america-pet-food-market-429/
Latin America market for Pet food is segmented into ingredients, animal type and geography. Each of these segments are further sub segmented into, Ingredient: Animal Derivatives, Fish derivatives, Fruits & Vegetables, Cereals & Cereal by-products, Fats & Oils, Vitamins & Minerals, Additives; Animal: Dog, Cat, Bird, Other animals.
Free sample of the report is available @ http://www.marketdataforecast.com/market-reports/latin-america-pet-food-market-429/request-sample
Geographically Latin America market for Pet Food is segmented into Brazil, Argentina and Mexico. These three countries hold nearly 95 percent of the market volume of pet food. Brazil dominated the market accounting for market share of 63% in Latin America region.
Inquire before buying @ http://www.marketdataforecast.com/market-reports/latin-america-pet-food-market-429/inquire
The Latin America pet food industry is highly concentrated with ten major players together accounting for more than 50% of the market share and remaining market share distributed among the large number of small manufactures. Mars, Inc., Del Monte Foods, Hills Pet Nutrition, INC, Unicharm Corporation, Nippon Formula Feed Manufacturing Company LTD, Pet Center, Incorporated (PCI), Nestle Purina Pet Care, Nisshin Saifun Group INC. Natural Dog Food Company, Halo, Purely for Pets, Marukan CO. LTD., Nutrena, and Spectrum Brands, INC. are the major companies in the market.
About Us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions
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Market Data Forecast.
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Tel: +1-888- 702-9626
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Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results