Brazil Pet Food Market - Growth, Trends, and Forecasts (2023 - 2028)
The Brazil pet food market is projected to register a CAGR of 7.6% during the forecast period.
Key HighlightsThe Brazilian pet food market is highly consolidated, with the top five players accounting for a significant market share. The Brazilian pet food market consists of a few global players like ADM, Nestle, Mars Incorporated, Hill’s Pet Nutrition, etc. Still, domestic companies also play a major role in the market. Although the top three places in the market are occupied by multinational companies like ADM, Mars, and Nestle, domestic companies also occupy a major share of the market. Going by the various strategies being followed in the market, the Brazilian pet food market is expected to be more consolidated.
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