Brazilian pet care market set to reach $ 11 billion by 2025 as industry demonstrates resilience
DUBLIN, November 26, 2021 / PRNewswire / – Brazil Pet Care Market Size, Share, and Analysis, By Category (Dog Food, Cat Food, Other Pet Food, Cat Litter, Health Care for Pets, Pet Food Supplements & Others), By Pet Food Type (Dry Food, Wet Food, Pet Treats) Forecast and Opportunities, 2021-2025 “report has been added to ResearchAndMarkets.com offer.
Impact of Covid-19 on Brazil:
The Covid 19 pandemic has had an unprecedented impact on Brazil, especially in the first half of 2020, as infections per capita remained higher than in other South American countries. The pandemic took a toll on economic activity and the country experienced a negative GDP growth of 4.1% in 2020. The impact of the pandemic was felt in all industries, however, consumer goods. and pet care recorded positive growth. The pandemic triggered the need for stimulus packages to revive the economy, and the Brazilian Ministry of Economy announced a stimulus plan for 150 billion dollars (750 billion reais) to mitigate the economic impacts of the Covid-19 pandemic in 2020. The stimulus package helped the economy record a slower recovery in the second half of 2020 and it continues to gain momentum in the first and second quarters 2021, with real GDP registering growth of around 1.3% quarter on quarter in the first quarter of 2021. With the improvement of the business climate, the animal care sector shows better performance in 2021.
Brazil Pet Care shows resilience:
Brazil has seen a growth in pet adoption resulting from increased loneliness during the Covid 19 pandemic and lockdown measures. According to our latest report on the Brazilian pet care market, the county has the highest population of small dogs (weighing 20 pounds or less) with over 102 dogs per 1,000 inhabitants and the Brazil The pet care market has experienced positive growth despite headwinds like the Covid-19 pandemic and negative GDP growth. With the pursuit of working from home, Brazilian pet owners have stayed closer to their pets and preferred high-end products, especially dog and cat treats, helping treats register a premium. higher year-over-year growth in 2020.
Pet owners at Brazil rushed to stock dry pet food during the global pandemic, and small pet food businesses faced restocking issues following supply chain disruptions. As a result, from Brazil the government had to notify the entire pet industry as essential services to mitigate supply chain disruptions. The country’s large dog population of around 60 million and the humanization of companion animals coupled with the continued premiumization of pet food will take from Brazil the pet care industry to $ 11 billion by 2025.
New product launches:
Brazil recorded approximately 35 new product launches in the dog and cat food category, with dog food accounting for approximately 61% of these launches. During the years 2020-21, the country saw new launches of Nestlé Purina, Mogiana Alimentos, as well as many new launches of small businesses. For example, Mogiana Alimentos has launched a new premium cat food under the Gaubi Natural brand which contains 66% high quality animal protein and 34% plant and mineral ingredients.
Global companies Mars and Nestlé Purina continue to dominate Brazil pet food market. Other companies such as Grandfood Industria, Total Alimentos and Mogiana Alimentos are also important players in from Brazil pet food market. In 2021, Nestlé launched a new cat food “Purina One Visible Nutrition” in Brazil with claims to contain real chicken and salmon. The new launch is aimed at cat owners who want to feed their cats top quality products and tackle the growing obesity in cats.
E-merchants are recording strong growth:
E-merchants have seen strong growth, especially in the first and second quarters of 2020, with Brazilian pet owners preferring to purchase their pet supplies from online retailers. With high per capita Covid-19 infections, consumers have moved away from large modern retailers like hypermarkets and supermarkets and instead chose local pet stores, leading to improved sales in pet stores as well as online retailers. In addition, according to our internal survey conducted in Brazil, more than 59% of online shoppers said they will also continue to purchase their pet food from online retailers in the post-pandemic period.
- General Mills (Blue Buffalo Co., Ltd.)
- Grandfood Industria e Comercio Ltda
- Hill’s Pet Nutrition, Inc.
- Industria e Comercio de Alimentos Desidratados Alcon Ltda
- Lupus Desenvolvimento em Alimentos Ltda
- Mars Brasil Alimentos Ltda
- Mogiana Alimentos SA
- Nestlé Brasil Ltda.
- Royal Canin do Brasil Industria e Comercio Ltda
- Total Alimentos SA
The Brazilian Pet Care Market report details the following aspects of the Pet Care market:
- Global Pet Care Market Outlook
- Company market share
- Brazil Pet Care Market Size and Share by Value and Volume
- Company market share
- Market size and share in value and volume
- Market Segmentation Analysis – By Category (Dog Food, Cat Food, Cat Litter, Other Pet Food, Pet Health Care, Pet Food Supplements, and Other Pet Products )
- Market Segmentation Analysis – By Segment (Dry Dog Food, Wet Dog Food, Dog Treats, Dry Cat Food, Wet Cat Food, Cat Treats)
- Brazil Pet Care Market Dynamics (Drivers and Challenges)
- Trends and developments in the pet care market in Brazil
- Competitive Landscape for Pet Care in Brazil
For more information on this report, visit https://www.researchandmarkets.com/r/adqy9h
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SOURCE Research and Markets