High inflation rates severely affected dog food in 2022, and this has continued in 2023. Many dog food brands have increased their retail prices by 10-20%, as every cost involved in producing dog food, such as raw materials and shipping, has increased rap…
Cat food is set to maintain double-digit current value growth in 2023, with wet cat food and cat treats and mixers expected to see the strongest growth rates. The importance of water intake has been emphasised to cat owners, and wet cat food has benefited…
Despite ongoing inflationary pressures, pet products continued to show modest growth in current value terms in 2023. With consumers returning to increasingly busy lifestyles, the acknowledged role of pets in creating balance in otherwise stressful lives m…
Consistent with a return to busier, more hectic lifestyles in 2023, a growing number of consumers opted for perceived lower maintenance pet options, such as small mammals or those kept in an aquarium or terrarium. As a result, other pet food experienced a…
Cat food recorded further growth in current value terms in 2023, despite a double-digit decline in volume. This was mainly due to inflationary pressures, as manufacturers passed on the rising costs of raw materials to consumers. The trend towards higher-q…
Dog food recorded positive growth in both volume and current value terms in 2023, following the sluggish performance of the previous year. While value growth was driven partially by price increases, premiumisation and specialisation trends also played a k…
As the COVID-19 pandemic recedes into the distance, the boom in pet healthcare has also dwindled, and this is set to continue across 2023. During the pandemic, pet owners bought pet healthcare products even during the colder months, when demand had been h…
Other pet food continued to see a decrease in retail volume terms in 2022 because of the population decline of other pets, and this trend is set to continue into 2023 and beyond. Argentinians are increasingly choosing pets that they consider more interact…
Cat food registered growth in retail volume terms in 2022, but the sales boom seen during the COVID-19 pandemic ended because of the decline in purchasing power in Argentina. Indeed, growth in retail volume terms was less than that seen in 2021. Despite t…
In 2022 dog food sales in Argentina remained relatively stable in retail volume terms, and a similar performance is expected across 2023. Because of the complex economic conditions, many dog owners in Argentina have substituted their preferred brands with…
Sales of pet products are anticipated to continue seeing solid if slowing growth in 2023. There has been a rapid increase in the number of pets, mainly dogs and cats, and many households have more than one cat or, as more frequently, a cat and a dog, driv…
Other pet food showed only modest growth in 2022 with the bird, fish and reptile populations all declining in Colombia. The awareness of pets as sentient beings makes people less willing to keep small mammals and birds. Dogs and cats are much-preferred pe…
Despite being a small category and one where the competition is not highly fragmented, cat treats and mixers is seeing ongoing rapid growth in Colombia. Brands such as Ciao, from Inaba Pet Food Co Ltd, are responsible for this performance, because they of…
The dog treats and mixers and wet dog food categories have been experiencing strong growth in the country. Pet owners are increasingly concerned about their pets’ nutritional needs as well as seeking out tasty products for their dogs, as they are consider…
Peru faced a higher level of uncertainty at the end of the review period because of its political crisis and social and climatic problems that put the economy under even greater stress. Moreover, inflation, which reached a 26-year high, underlined the com…
Although fish food is not the most important in terms of volume, due to the small amount they eat compared to other animals, it leads the category in terms of value. The scarcity of home-made alternatives to feed them contributes to the fact that they are…
As cat ownership is enjoying faster growth than other pets in Peruvian households, consumers are eager to have a wider variety of products from which to choose. For many years companies were focused on developing dog food as they had a larger consumer bas…
High inflation was prevalent in the country in 2022 and dog food was no exception. Even though it has remained in single digits, at less than 9%, this was still the highest it had been in 26 years. Inflation was high due to an increase in dollar exchange …
Pet care recorded further growth in current value terms in 2023, despite an overall decline in volume. While inflation remained a key factor in boosting value sales, higher-quality, premium products with added benefits also supported growth to some extent…
In 2022, Argentina registered moderate growth of its GDP not only as a result of international factors but also local macroeconomic imbalances. Inflation is a global problem, but in Argentina it is chronic, with a double-digit rate since 2007 and an almos…