Market Size of mexico pet food Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 3.29 Billion |
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Market Size (2029) | USD 4.58 Billion |
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Largest Share by Pets | Dogs |
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CAGR (2024 - 2029) | 6.84 % |
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Fastest Growing by Pets | Cats |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Mexico Pet Food Market Analysis
The Mexico Pet Food Market size is estimated at USD 3.29 billion in 2024, and is expected to reach USD 4.58 billion by 2029, growing at a CAGR of 6.84% during the forecast period (2024-2029).
3.29 Billion
Market Size in 2024 (USD)
4.58 Billion
Market Size in 2029 (USD)
3.97 %
CAGR (2017-2023)
6.84 %
CAGR (2024-2029)
Largest Market by Product
67.86 %
value share, Food, 2022
Rising pet ownerships, the growing trend of urbanization, and increasing demand for high-quality, custom-made foods are the major factors that have contributed to its leading position.
Largest Market by Animal
80.28 %
value share, Dogs, 2022
The higher population of dogs and the increased demand for dry pet food (kibbles), dog treats, and veterinary diets specific to dog size, age, and health have boosted the segment.
Fastest-growing Market by Product
9.42 %
Projected CAGR, Pet Nutraceuticals/Supplements, 2023-2029
The increasing demand for vitamins and minerals and probiotics and omega-3 fatty acids and rising awareness about preventive health care with nutraceuticals are increasing their usage.
Fastest-growing Market by Animal
7.22 %
Projected CAGR, Cats, 2023-2029
The rising number of cat adoptions, the growth of the urban population, and the increase in net disposable incomes among pet owners are the major factors driving the segment.
Leading Market Player
33.84 %
market share, Mars Incorporated, 2022
Mars, Incorporated is the market leader, as it is highly focused on product innovations and partnerships to cater to quality nutrition for pets and the expansion of its manufacturing bases.
Dogs dominated the Mexican pet food market owing to the high pet population and availability of a wide range of pet food options
- The Mexican pet food market increased by 18.8% between 2017 and 2022. The market's growth is associated with the changing economic and social landscape in Mexico and the rapid increase in middle-class income levels, along with the aging population. This has resulted in a surge in pet ownership, driving the demand for pet food.
- The dog food segment held a dominant position in the Mexican pet food market, with a market value of USD 2.29 billion in 2022. This dominance can be attributed to the high population of dogs in the country, accounting for about 69.8% of the pet population. The segment grew by approximately 18.0% between 2017 and 2021. This growth is primarily driven by a significant number of pet owners transitioning from home-cooked food to commercial pet food in the country.
- The cat food segment is expected to experience the highest growth rate in Mexico's pet food market, with a projected CAGR of 7.2% during the forecast period. This is owing to the significant increase in the cat population, which grew by 41.3% between 2017 and 2022. The rise in the number of cats has created a larger consumer base for cat food products. Cats are gaining popularity as pets due to their low maintenance requirements and cost-effectiveness compared to other pets.
- The other animals include birds, small mammals, and rodents. These animals have unique nutritional requirements that need to be fulfilled through specialized pet food products. In 2022, the market value for other animal pet food reached USD 104.3 million.
- The increasing awareness among pet owners and the growing population of pets in the country are expected to drive the pet food market in the coming years.
Understand The Key Trends Shaping This Market
