Mexico Pet Food Market Forecast 2022-2028

Mexico Pet Food Market Forecast 2022-2028

KEY FINDINGS

The Mexico pet food market is set to register a CAGR of 5.12% in terms of revenue as well as 4.19% in terms of volume across the forecasted period of 2022 to 2028. The country’s market growth is strengthened by the increasing demand for therapeutic pet food and the humanization of pets.

MARKET INSIGHTS

Sorghum, an essential raw material in pet food production, is now being utilized for therapeutic food products. Moreover, a niche market opportunity is also emerging through the sorghum sector. Similar to in the United States, owners who perceive pets as members of their families are now demanding new types of food products that often follow human health trends. This plays a vital role in creating a marketing environment where companies are constantly innovating.

Furthermore, sorghum is well-positioned to help meet these needs since the grain is rich in antioxidants, characterized by a low glycemic index, and has a sufficient amount of dietary fiber. Therefore, these factors are likely to facilitate the Mexico pet food market growth over the forecasted period.

COMPETITIVE INSIGHTS

The industry rivalry is high in the Mexico pet food market. Moreover, leading companies like Nestle Purina and Mars PetCare hold several brands and possess a higher market share.

Some of the key players operating in the market are Royal Canin, Hill’s Pet Nutrition Inc, Nueva Tecnología En Alimentación, 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