Urbanization has influenced Mexico’s pet meals business a lot because the phenomenon has shifted pet traits around the globe. As extra of Mexico’s inhabitants turns into centered in cities, pet house owners have shifted in the direction of smaller canines and cats. That shift influences pet meals gross sales, Alberto Trueba of Euromonitor stated throughout his presentation at Foro Mascotas 2023 in Guadalajara, Jalisco, Mexico in June.
Though pet house owners in Mexico have moved in the direction of smaller canines, individuals have elevated the typical variety of canines of their houses. Extra smaller canines ought to hold demand fixed within the Mexican pet food market. Euromonitor forecasts moist pet food retail quantity progress to extend from 2023 to 2028, though dry canine meals and deal with retail quantity progress could decline. In 2028, pet food gross sales will nonetheless be the biggest portion of Mexico’s pet meals market. Nevertheless, pet food gross sales in Mexico could exceed US$2.5 billion in 2023 and will solely develop to a bit greater than that by 2028. Growing moist pet food gross sales ought to hold pet food retail worth regular.
Cat meals gross sales progress in Mexico
In Mexico, cat meals gross sales progress potential is extra pronounced than pet food and even exceeds progress forecasts for many different Latin American nations. Whereas pet food gross sales could develop at lower than 1% CAGR from 2023 to 2028, cat meals’s CAGR could attain roughly 11%. From 2021 to 2022, the variety of households with 4 or 5 cats elevated, whereas single cat households declined. Euromonitor forecast that cat deal with gross sales progress will proceed into 2028, however dry and moist cat meals progress could sluggish. In 2028, dry cat meals retail gross sales quantity should dwarf that of moist cat meals. Nonetheless, progress in moist cat meals could increase cat meals’s retail gross sales general to almost US$1.2 billion in 2028 from roughly US$600 million in 2022.
Pet possession traits could also be liable for a lot of the disparity in progress between canine and cat meals gross sales in Mexico. As pet possession modifications as a consequence of urbanization, pet meals manufacturers may have to fulfill the wants of a number of smaller pets dwelling in cities.
