Peru Pet Food Market 2024

Description

The pet food market in Peru is anticipated to increase by USD 334.2 million till 2029 at an average annual growth of 7.2 percent as per the latest market estimates. The expanding rate of pet guardianship in this country is attributable to the evolution of sociocultural perspectives that have become more inclusive of companion animals within the home. As social conventions have shifted and individual domestic situations have enabled accountable pet ownership commitments, the prevalence of households choosing to care for pets has grown markedly. This has served to enlarge the addressable market for nutritional products catered toward such domesticated animals.

Simultaneously, the way society views these pets has transformed considerably-they are now regarded less like property and more akin to valued family members. Pet caretakers, responding to this paradigm shift, consistently express desire to provide their animals with nutrition comparable to high-grade human fare, customized toward the diverse physiological needs unique to each animal. Such changing attitudes continue to fuel escalating consumer demand for premium and deliberately-tailored pet food formulations that focus on achieving optimal health outcomes through ingredient quality and nutritional completeness.

Undergirding these evolving market dynamics is the nation’s surge in broad-based financial prosperity. As aggregate wealth and household discretionary incomes increase nationwide due to a strengthening domestic economy, additional funding becomes readily available for disbursement into pet care-related expenditures. With capacity to sufficiently provide for basic necessities, guardians demonstrate willingness to allocate extra resources toward specialty pet nutrition choices which align with their empathy-motivated philosophies of animal welfare and humanized treatment of their pets.

This report provides a thorough assessment of the Peru pet food industry, presenting key market data including historical performance, growth trends, and future outlooks. It delves into various market segments and sub-segments, with a focus on important factors like pet type, type, pricing, ingredient, and distribution channel. Through this detailed assessment, the report helps uncover the growth potential of the pet food industry.

Market Segmentation

The pet food market in Peru is categorized into the following segments:
Pet type: cat (dry food, wet food, toppers & mixers), dog (dry food, wet food, toppers & mixers), bird, fish, others
Type: therapeutic pet foods, non-therapeutic pet foods
Pricing: economy pet food, premium/super premium pet food
Ingredient: acidity regulators, cereals, coloring agents, fats and oils, flours, humectants, proteins, sweeteners, vitamins and minerals, others
Distribution channel: convenience stores, discounters, supermarkets and hypermarkets, grocery stores, pet shops, e-commerce, veterinary clinics, others

The Peru pet food market is segmented on the basis of pet type, type, pricing, ingredient, and distribution channel. On the basis of pet type, the pet food market in Peru has been segmented into cat (dry food, wet food, toppers & mixers), dog (dry food, wet food, toppers & mixers), bird, fish, and others. By type, the pet food market in Peru has been segmented into therapeutic pet foods, and non-therapeutic pet foods. Based on pricing, the pet food market in Peru is categorized into economy pet food, and premium/super premium pet food. On the basis of ingredient, the pet food market in Peru has been segmented into acidity regulators, cereals, coloring agents, fats and oils, flours, humectants, proteins, sweeteners, vitamins and minerals, and others. By distribution channel, the pet food market in Peru has been segmented into convenience stores, discounters, supermarkets and hypermarkets, grocery stores, pet shops, e-commerce, veterinary clinics, and others.

Competitive Landscape

The Peru pet food market is highly competitive. As of 2023, the major players in the Peru pet food market were Wellness Pet Company, VAFO Group a.s., Thai Inaba Foods Co. Ltd., Supermercados Peruanos S.A., sera GmbH, Schell and Kampeter Inc., Russo Mangimi SpA, Rolf C. Hagen Inc., Rinti SA, Nestle S.A., Monge & C. S.p.a., Mars Incorporated, Kiwoko Pet S.L.U., Imexvet S.A.C., Empresas Carozzi S.A., Elmira Pet Products Ltd., Eficiencia Laboral S.A., Colgate-Palmolive Company, BRF S.A., Aquamundo Ltda.

This report provides a comprehensive analysis of the key players in the Peru pet food market, along with their performance from 2019 to 2023. By utilizing this data, businesses can gain a deeper understanding of market dynamics, including shifts in market share, the identification of leading players, and the rise of emerging companies. This information equips firms with a strategic advantage in a competitive landscape, enabling them to refine their market strategies and make informed, long-term decisions.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Peru pet food market.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Peru pet food market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Peru pet food market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.

Table of Contents

TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewPeru pet food market – pet type analysis
Peru pet food market – type analysis
Peru pet food market – pricing analysis
Peru pet food market – ingredient analysis
Peru pet food market – distribution channel analysis
Key players and market share
– Wellness Pet Company
– VAFO Group a.s.
– Thai Inaba Foods Co., Ltd.
– Supermercados Peruanos S.A.
– sera GmbH
…
Macroeconomic data and forecast
Disclaimer

FIGURES AND TABLES
Table Peru pet food market 2019-2029
Chart Peru pet food market, net growth, 2019-2029
Chart Peru pet food market, growth rates, 2019-2029
Table Peru pet food market by pet type, 2019-2029
Chart Peru pet food market by pet type, CAGR historic and forecast, 2019-2029
Chart Peru pet food market by pet type, 2019-2029
Table Peru pet food market by type, 2019-2029
Chart Peru pet food market by type, CAGR historic and forecast, 2019-2029
Chart Peru pet food market by type, 2019-2029
Table Peru pet food market by pricing, 2019-2029
Chart Peru pet food market by pricing, CAGR historic and forecast, 2019-2029
Chart Peru pet food market by pricing, 2019-2029
Table Peru pet food market by ingredient, 2019-2029
Chart Peru pet food market by ingredient, CAGR historic and forecast, 2019-2029
Chart Peru pet food market by ingredient, 2019-2029
Table Peru pet food market by distribution channel, 2019-2029
Chart Peru pet food market by distribution channel, CAGR historic and forecast, 2019-2029
Chart Peru pet food market by distribution channel, 2019-2029
Table Peru pet food market share (%), by companies, 2019-2023
Chart Peru pet food market, by companies, 2023
Table Peru pet food market share (%), by brands, 2019-2023
Chart Peru pet food market, by brands, 2023
Table Peru – population (millions) and forecast
Table Peru – consumer price index (CPI) and forecast
Table Peru – gross domestic product and forecast
Table Peru pet food market: spend as a proportion of GDP (%)
Table Peru pet food market: consumption per capita (population)