Mexican canine, cat and different pet homeowners differ from one another, however not from pet homeowners worldwide. Like their world friends, some Mexican pet homeowners need uncooked meat and bones for his or her companion animals, whereas others need shelf-stable, handy kibble. Mexican pet homeowners’ calls for can contradict one another, however these juxtaposed traits drive the continuing progress of the Mexican pet meals trade, Ana Laura Flores, advertising and marketing advisor with Pet Your Model, stated throughout her presentation at Foro Mascotas in Guadalajara, Jalisco, Mexico.
Mexican pet meals market
The Mexican pet meals market grew at a compound annual progress price of three.97% from 2017 to 2023. That price could enhance to six.84% from 2024 to 2029, based on information from Mordor Intelligence cited by Flores. In 2024, the market could attain US$3.29 billion, then develop to US$4.58 billion by 2029.
Canines are probably the most populous pets in Mexico, accounting for 69.8% of the general companion animal inhabitants. Pet food likewise has the biggest market worth, at US$2.29 billion, rising by roughly 18% between 2017 and 2021.
Nevertheless, cat meals gross sales are rising quicker with a forecasted CAGR of seven.2% from 2024 to 2029. The pet cat inhabitants has been booming in Mexico, rising 41.3% from 2017 to 2022.
Developments influencing Mexican pet meals market progress
The traits driving this progress in Mexico mirror these within the remainder of the world. The humanization of pets drives Mexican pet homeowners to look for nutritionally balanced diets for his or her furry relations. Premiumization follows humanization as Mexican pet homeowners turn out to be more and more prepared to spend extra on high-quality pet meals. Center-class Mexicans’ rising incomes make this elevated spending potential.
Rising incomes typically accompany the urbanization of populations, and Mexico is likewise no exception to this phenomenon. Urbanization additionally modifications the sorts of pets folks can preserve, although, Flores stated. The burgeoning Mexican pet cat inhabitants partly outcomes from the relative ease of conserving a cat in a small, metropolis condo in comparison with a big canine. Equally, small canine have grown in populatity.
The development in the direction of cats and small canine displays Mexicans’ altering motivations for conserving pets, Flores stated. Pets are not solely for leisure or work. Versus guarding a home or catching mice, pets at the moment are appeared to for companionship at the start. Youthful Mexicans particularly look to pets for friendship, particularly after the isolation of the pandemic. These pet homeowners wish to type bonds with their pets, which boosts demand for treats, chews and toppers.
Mexican pet homeowners altering relationship with their companion animals is rising and reshaping the nation’s canine, cat and different pet meals markets.Â
