Brazil Pet Food Market Forecast 2022-2028

Brazil Pet Food Market Forecast 2022-2028

KEY FINDINGS

The Brazil pet food market is set to register a CAGR of 6.07% in terms of volume and 10.18% in terms of revenue during the forecast period, 2022-2028. The increasing pet humanization, the growing pet expenditure among consumers, and the rising demand for dry pet foods boost the market growth.

MARKET INSIGHTS

In countries like Brazil, urbanization has forced the population to smaller spaces, wherein accommodating large pets are not practical. Also, longer commuting and working hours are not feasible for high-maintenance pets. As a result, small pets like fish and birds are more likely to be humanized and indulged than large dogs.

Additionally, smaller households and nuclear families have raised the need for a feline or canine companion to fill the familial gap. Besides, disposable incomes facilitate the purchase of premium products. Also, pet humanization is projected to drive pet services and products sales.

Furthermore, the rising pet expenditure offers growth opportunities with the growing prioritization of pet health, diet, and accessories. Besides, the online shopping trend has influenced the demand for store-based retailing. As a result, superstores are estimated to be the crucial growth channels expanding at higher rates than local businesses. Such aspects constitute the Brazil pet food market.

COMPETITIVE INSIGHTS

Some of the prominent market players include Grandfood Industria e Comercio Ltda, Mogiana Alimentos, Nestle Purina PetCare Ltd, Mars Petcare Ltd, Total Alimentos SA, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments