In 2023, U.S. exports of canine and cat meals to Colombia reached US$46.6 million, marking the third-highest worth on report for this market, U.S. Division of Agriculture Overseas Agricultural Service (FAS) analysts reported. In accordance with Euromonitor Worldwide figures quoted by FAS, the Colombian canine and cat meals market skilled 10% year-over-year progress in 2023, reaching a price of COP 5 trillion (US$1.2 billion). The market is projected to proceed increasing at an annual price of seven% by 2028. Pet possession has additionally risen in Colombia, rising from 25% to 30% of the inhabitants in the course of the previous 4 years.
Traits in Colombian pet meals market
Like pet homeowners worldwide, Colombians have gotten extra health-conscious relating to their pets’ diets, driving demand for merchandise with pure components and clear labels, FAS analysts wrote. Pet meals merchandise that provide particular well being advantages, reminiscent of improved digestive or dental well being, could also be poised for progress on this market. Moreover, canine and cat treats are gaining reputation, with customers more and more choosing pure meals and dietary supplements to reinforce their pets’ high quality of life.
In November 2023, the USDA’s Animal and Plant Well being Inspection Service (APHIS) secured market entry for U.S. exports of bovine meat and bone meal (MBM) to Colombia, a possible ingredient in pet meals. This improvement is anticipated to additional strengthen the U.S. place in Colombia’s rising pet meals market.
