Globally, dogs are the most popular pet, owned by 33% of respondents, with cats coming in second, at 23%. Fish (12%), birds (6%), and other pet types (6%) all rank significantly lower. Dogs can have many positive effects on the lives of their owners. They influence social, emotional, and cognitive development in children, promote an active lifestyle, provide companionship, and have even been able to detect oncoming epileptic seizures or the presence of certain cancers. Dogs can also help to relieve stress and anxiety in people. According to market research study published by Gen Consulting Company, the dog food market in Mexico stood at around USD 2,258 million in 2021 and is projected to rise to a worth of USD 4,162 million by 2028 end, thereby garnering a CAGR of 9.1% during 2022-2028.
This industry report offers market estimates of the Mexico market, followed by a detailed analysis of the product, price range, and distribution channel. The Mexico market data on dog food can be segmented by product: dry foods, treats, toppers, or mixers, wet food. Among these, the dry foods segment was accounted for the highest revenue generator in 2021. Dog food market is further segmented by price range: economy dog food, premium dog food. Based on distribution channel, the dog food market is segmented into: e-commerce, pet specialty stores, supermarkets & hypermarkets, veterinary clinics, others.
The Mexico dog food market is highly competitive. The prominent players operating in the Mexico dog food market include Mars Incorporated, Nestle S.A., The Archer-Daniels-Midland Company, Nueva Tecnologia En Alimentacion S.A. De C.V., Colgate-Palmolive Company, Industrias Bachoco S.A.B. de C.V., Cargill Incorporated.
The data-centric report focuses on market trends, status and outlook for segments. With comprehensive coverage of the market across different market segments, the report is a valuable asset for the existing players, new entrants and the future investors.
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| REPORT ATTRIBUTE | DETAILS |
|---|---|
| Base Year | 2021 |
| Forecast Year | 2022-2028 |
| CAGR (2022-2028) | 9.13% |
| Pages | 20 |
| Key Players | Mars Incorporated, Nestle S.A., The Archer-Daniels-Midland Company, Nueva Tecnologia En Alimentacion S.A. De C.V., Colgate-Palmolive Company, Industrias Bachoco S.A.B. de C.V., Cargill Incorporated |
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