DUBLIN–(Business Wire)–The “South America Pet Care (Food, Grooming, Accessories & Healthcare) Market Outlook, 2025” report has been added to ResearchAndMarkets.com’s offering.
The report gives an all-round analysis of the South American pet care market, which is increasing day by day. In this, the millennial plays a considerable role in pet adoption as they consider the pet as humans and are willing to take care of them.
As urbanization continues and disposable income rises, more consumers are turning towards pet companionship. As South American people shifted from pet ownership to pet parenthood, opportunities in every pet care segment have increased for any company that wants to capitalize on it.
The rise of e-commerce and other technologies have pushed the market on the path of growth. As the ownership of pets is increasing, the segments associated with the pet care market like pet accessories, pet grooming, pet healthcare, are also rising, with people are becoming aware of pet health, well-being, and comfort.
Globally, the South American pet care market stands at fourth position, which has generated a revenue of above USD 9 Billion. The pet care market is still at a growing stage but has posted the fastest growth when compared to the top three regions globally. In certain countries, the grooming and accessories market is not explored to its maximum & thus providing opportunities to the companies.
The pet food market has the largest share in the South American pet care market, as the people are becoming more aware and responsible for what they are feeding to their pets. This growing awareness will let the market grow with an expected CAGR of above 6% in the forecasted period till the year 2025.
The pet food market is followed by pet services, which include accessories, healthcare, and grooming. The overall market trend related to pet grooming products has been observed with both the economical and premium quality being in demand.
In countries like Brazil and Argentina, people are spending more on the health and well-being of the pet, which has given a significant growth in the grooming service segment. Pet grooming products have observed the fastest growth at a rate of 6% CAGR historically. Brazil has established itself among the top five pet care markets globally in terms of the retail value of sales over the past few years, achieving tremendous growth even during the economic recession the country has faced since 2014.
Major players in the market
- Nestle SA
- Mars Incorporated
- J M Smucker
- Champion Pet Foods
- United Pet Group Inc
Considered for the report:
- Base year: 2019
- Estimated year: 2020
- Forecasted year: 2025
Key Topics Covered:
1 Executive Summary
3 Regional Analysis
4 Global Pet Population Analysis
4.1 By Country (Dog/ Cat/ Bird/ Fish)
5 Global Pet Care Market Outlook
5.1 Market Size By ValueBy Segment
5.2 Market Share
5.3 Global Pet Food Market Outlook
5.4 Global Pet Healthcare Market Outlook
5.5 Global Pet Accessories Market Outlook
5.6 Global Pet Grooming Market Outlook