Market Size of argentina pet food Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 1.50 Billion |
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Market Size (2029) | USD 3.15 Billion |
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Largest Share by Pets | Dogs |
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CAGR (2024 - 2029) | 16.00 % |
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Fastest Growing by Pets | Dogs |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Argentina Pet Food Market Analysis
The Argentina Pet Food Market size is estimated at USD 1.5 billion in 2024, and is expected to reach USD 3.15 billion by 2029, growing at a CAGR of 16% during the forecast period (2024-2029).
1.50 Billion
Market Size in 2024 (USD)
3.15 Billion
Market Size in 2029 (USD)
21.32 %
CAGR (2017-2023)
16.00 %
CAGR (2024-2029)
Largest Market by Product
66.48 %
value share, Food, 2022
The increasing pet ownership and the increased demand for commercial pet foods to meet daily dietary requirements for pets have promoted its market growth.
Largest Market by Animal
70.38 %
value share, Dogs, 2022
The higher population of dogs and the increased demand for dry pet food, dog treats, and veterinary diets in the country have primarily contributed to the growth of the market.
Fastest-growing Market by Product
18.69 %
Projected CAGR, Pet Treats, 2023-2029
The increasing awareness, the vital role of treats in training, rewarding, and supporting the well-being of pets, and consumer focus on pet health are driving the market growth.
Fastest-growing Market by Animal
17.04 %
Projected CAGR, Dogs, 2023-2029
Due to the higher ownership rates of dogs and the growing interest among owners in premium dog foods, pet product launches are increasingly related to dogs.
Leading Market Player
29.30 %
market share, Nestle (Purina), 2022
Nestle (Purina) is the market leader because of the extensive product innovations in the country, and it has launched products under pet food and pet nutraceuticals segments.
The shift from home-cooked food to commercial pet food and the rise in pet humanization are driving the market
- Argentina is one of the major pet food markets in South America. It accounted for a 10.0% share of the region's pet food market in 2022, which increased by 171.9% between 2017 and 2022. This growth is due to the country's changing economic and social landscape, increasing pet ownership, and the pet humanization trend.
- The dog food segment has the largest share of the country's pet food market, with a market value of USD 810.5 million in 2022. It is anticipated to reach USD 2,385.4 million in 2029. This significant share and growth is associated with a significant number of pet owners shifting from home-cooked food to commercial pet food in the country. Dogs have a significant share of the country's pet population, as they accounted for 23.1% in 2022, whereas cats accounted for 10.3%. There is a growing trend toward premium dog food products.
- Cats held the second-largest share in the country's pet food market, accounting for 16.8% in 2022, which increased by 159.3% between 2017 and 2022. This growth is due to the increase in the cat population by 8.0% between 2017 and 2022, changing attitudes toward cats among pet owners, and the rise in popularity due to their low maintenance requirements.
- The other animals include birds, small mammals, rodents, and ornamental fish. These animals have unique nutritional requirements that need to be fulfilled through specialized pet food products. In 2022, they accounted for USD 150.9 million.
- The increasing usage of commercial foods, the rise in pet humanization, and the growing population of pets in the country are anticipated to drive the pet food market during the forecast period with a CAGR of 15.7%.
Understand The Key Trends Shaping This Market
