Market Trends of argentina pet food Industry
Increased cat adoption in the country due to their adaptability to smaller living spaces and lower maintenance requirements
- In Argentina, dogs are more popular than cats as pets. Pet cats accounted for only 19.2% of the total pet population in 2022. The lower percentage of pet cats is attributed to negative stereotypes associated with them. For instance, the perception that black cats are a sign of bad luck has resulted in lower adoption rates of black cats. However, there was a 4.7% increase in the pet cat population between 2019 and 2022. This rise can be attributed to shifting attitudes among pet owners, who are increasingly recognizing the companionship and benefits that cats bring, particularly during extended periods of home confinement experienced during the pandemic.
- In 2020, about 31.4% of households in Argentina owned cats as pets. Unlike dogs, cats are well-suited to smaller living areas; therefore, they have become very popular among urban pet owners. Owning a cat is often more cost-effective than owning a dog, making it a more accessible choice for many households. As a result, there has been a steady increase in cat adoptions, leading to a growth in the overall cat pet population in Argentina.
- In Argentina, there is a growing trend of pet humanization, with pet owners prioritizing their pets' comfort and well-being. This trend is reflected in the increasing popularity of pet cafes, where customers may relax and interact with cats while enjoying food and drinks. There is a growing awareness of the benefits of pet ownership, and resources for cat care and maintenance are becoming more widely available. Therefore, the pet cat population in Argentina is expected to experience significant growth during the forecast period.
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The higher consumption of premium pet food and growing awareness about the benefits of commercial pet foods are increasing pet food expenditure in the country
- In Argentina, the pet food market experienced an upward trend in overall expenditure, with a significant increase of 19.8% between 2019 and 2022. This surge may be attributed to the country's growing pet population, which increased from 44.3 million in 2019 to 46.3 million in 2022. Additionally, the retail sales value of premium dry dog food in Argentina witnessed a rise from USD 38.3 million in 2016 to USD 143.4 million in 2022, with a CAGR of 20.7%, reflecting the escalating demand for premium pet products.
- The expenditure on pet food per year for dogs in Argentina witnessed a significant increase of about 34.4%, while spending on cats increased by about 22.1%, and spending on other pet animals experienced an increase of about 12.9% between 2017 and 2022. The pet expenditure per animal per year in Argentina is USD 428.3, which is 6.4% less than the pet expenditure per animal in Brazil. This difference may be attributed to variations in pet ownership, market dynamics, and the purchasing power of pet owners in each country.
- In 2022, most people in Argentina preferred to buy pet food from stores, which made up 86.2% of all pet food distribution. However, the rising competitiveness among pet shops and superstores, the high listing fees imposed by hypermarkets, and due to the pandemic, e-commerce became more popular for pet food purchases, and its value in distribution increased from USD 51.8 million in 2017 to 156.9 million in 2022. The higher consumption of premium pet food and growing awareness about the benefits of healthy and nutritious pet food helped in increasing pet expenditure in the country.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Dogs are the most popular and valued pets in Argentina, and accounted for 36.4% of the total population in 2022
- Cultural shift in pet ownership with more people embracing the idea of keeping non-traditional pets is boosting the population
