Latest News- Pet Food Market in Argentina: Dog is expected to lead the Animal Type segment during 2024-2028
The Pet Food Market in Argentina is being driven by Growth of organized retail sector
The Pet Food Market in Argentina is expected to grow at a CAGR of 2.6% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 191.5 million. In the Argentine pet food market, there is a growing demand for organic and natural pet food options. Consumers are increasingly conscious of the ingredients in their pets' food, seeking products made from organic raw materials free from pesticides, fertilizers, and chemicals. Organic pet food caters to various domesticated animals, including cats, dogs, birds, fish, and mammals. The food's plant ingredients are grown without the use of artificial fertilizers, genetic modification, irradiation, or sewage sludge. Animal ingredients come from animals raised on organic feed, given access to the outdoors, and not treated with antibiotics or hormones. The popularity of organic and natural food in human consumption has influenced this trend, making it a preferred choice for pet owners in Argentina.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Animal Type (Dog, Cat, Others) Distribution Channel (Offline, Online) Geography (South America).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Pet Food Market in Argentina Research Report
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In Argentina's pet food market, nutritious and innovative options abound for cats and dogs, with a focus on organic ingredients, essential nutrients, probiotics, and antioxidants. Commercial foods cater to various dietary needs, while pet humanization and premiumization drive demand for flavors and personalized products. Birds, small mammals, and rodents also have their specific requirements met with dry, wet food, and snack treats. Plant-based options and customized nutrient profiles are increasingly popular, addressing concerns over obesity, skin and coat health, and stockpiling.
The Argentine pet food market caters to the nutritional needs of cats and dogs through the production and distribution of packaged foods and meats. Key offerings include nutritious formulations with innovative ingredients such as organic produce, probiotics, antioxidants, and essential minerals and vitamins. Manufacturers utilize meat, meat by-products, cereals, grains, specialty proteins, palatants, sweeteners, and vitamins and minerals in their recipes to ensure optimal health for pets. The market's growth is driven by the increasing awareness of the health benefits associated with minimally processed pet foods and the demand for high-quality, flavorful options. Technavio's market analysis calculates the market size based on the combined revenue of vendors involved in processing and packaging these products, excluding equipment manufacturers and producers of packaged beverages.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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