South & Central America Pet Supplements Market Forecast to 2028

South & Central America Pet Supplements Market Forecast to 2028 – Regional Analysis – by Form (Chewable, Powder, and Others), Pet Type (Dogs, Cats, and Others), and Distribution Channel (Online and Offline)

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Description

The South & Central America pet supplements market is expected to grow from US$ 226.57 million in 2022 to US$ 314.96 million by 2028. It is estimated to grow at a CAGR of 5.6% from 2022 to 2028.

Rising Number of Pet Owners Fuels South & Central America Pet Supplements Market

The rising consumer preference and demand for nutrient-rich, premium, and personalized pet products has increased product innovations. This includes the development of innovative, safe, and premium quality pet supplements. Major market players are diversifying product portfolios by introducing a variety of pet supplements with different forms and health benefits. The puppy line includes five new products—Puppy Aller-Immune Bites; Puppy Calming Bites, Composure & Relaxation; Puppy 8-in-1 Multivitamin Bites; Training Bites; and Puppy Milk Replacer.

Moreover, several players operating in the South & Central America pet supplements market are engaged in the production of customized pet supplements. Various companies manufacturing human supplements are introducing new product portfolios for pet supplements to cater to the growing demand for pet supplements. This brand will offer pet care products, including pet food, medicine, pet supplements, and grooming products. Thus, increasing strategic developments such as product innovations and introduction of new product portfolios are driving the South & Central America pet supplements market growth.

South & Central America Pet Supplements Market Overview

The South & Central America pet supplements market is segmented into Brazil, Argentina, and the Rest of South & Central America. During the initial months of the COVID-19 pandemic, thousands of Brazilian households acquired pets. Brazil is the largest market for pet care in South & Central America and one of the most mature ones. Consumers are now becoming aware of their pet’s health and are mainly buying premium pet food with rich nutritional value. They are also willing to pay a premium for added-value pet nutrition products that offer health and wellness benefits for their beloved animals.

Moreover, the pet care industry in Chile has benefitted from the humanization of pets. As per the Agriculture and Livestock Service of Chile, the Chilean government authorized and registered 147 new imported pet nutrition products in the local market in 2021. Thus, with the increasing demand for animal nutrition products, the need for pet supplements is also expected to grow in the coming years.

South & Central America Pet Supplements Market Revenue and Forecast to 2028 (US$ Million)

South & Central America Pet Supplements Market Segmentation

The South & Central America pet supplements market is segmented into form, pet type, distribution channel, and country.

Based on form, the South & Central America pet supplements market is segmented into chewable, powder, and others. The chewable segment held the largest share of the South & Central America pet supplements market in 2022.

Based on pet type, the South & Central America pet supplements market is segmented into dogs, cats, and others. The dogs segment held the largest share of the South & Central America pet supplements market in 2022.

Based on distribution channel, the South & Central America pet supplements market is segmented into online and offline. The offline held a larger share of the South & Central America pet supplements market in 2022.

Based on country, the South & Central America pet supplements market is segmented into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America dominated the South & Central America pet supplements market in 2022.

Nordic Naturals Inc, Swedencare AB (NaturVet), WINPRO Pet, and Zesty Paw LLC are some of the leading companies operating in the South & Central America pet supplements market.

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At 5.6% CAGR, the South & Central America Pet Supplements Market is speculated to be worth US$ 314.96 million by 2028, says Business Market Insights

According to Business Market Insights’ research, the South & Central America pet supplements market was valued at US$ 226.57 million in 2022 and is expected to reach US$ 314.96 million by 2028, registering a CAGR of 5.6% from 2022 to 2028. The rising number of pet owners and strategic developments by key market players are the critical factors attributed to the South & Central America pet supplements market expansion.

In recent years, increasing disposable income and growing interest of millennials, especially adults in their early 20s and late 30s, in pet adoption are supporting the pet culture. In addition, due to the onset of the COVID-19 pandemic, people were working from home and self-isolating; this change in lifestyle inspired households to own pets. Since there was no evidence that pets could contribute to the spread of COVID-19, people felt safe with an animal companion that provided mental and emotional support during the pandemic.

Along with increasing pet adoption, it has been observed that there is an increasing spending on pets for their wellbeing. Increasing consumer spending on pet care categories is attributed to the growing trend of pet humanization. Customers are increasing spending on premium pet food and products that are healthy and nutritious. There is a growing focus on pet health and wellness, sustainable products, and natural and locally sourced ingredients. Pet owners are also investing in special pet diets and indulgent products, which offer a better quality of life to their pets. Pet supplements help to improve the immune system and reduce the risk of heart disease, inflammation, cancer, and diabetes. In addition, these supplements also help to improve skin health and enhance the ability to reduce common health problems such as itchy skin, environmental allergies, and bacterial infection. Thus, the rising number of pet owners is boosting the demand for pet supplements.

On the contrary, stringent regulatory framework hampers the South & Central America Pet Supplements Market.

Based on form, the South & Central America pet supplements market is segmented into chewable, powder and others. The chewable segment held 65.9% share of South & Central America pet supplements market in 2022, amassing US$ 149.20 million. It is projected to garner US$ 205.60 million by 2028 to expand at 5.5% CAGR during 2022-2028.

Based on pet type, the South & Central America pet supplements market is segmented into dogs, cats, and others. The dogs segment held 78.3% share of South & Central America Pet Supplements Market in 2022, amassing US$ 177.32 million. It is projected to garner US$ 247.96 million by 2028 to expand at 5.7% CAGR during 2022-2028.

Based on distribution channel, the South & Central America pet supplements market is segmented into online and offline. The offline segment held 84.5% share of South & Central America pet supplements market in 2022, amassing US$ 191.54 million. It is projected to garner US$ 264.24 million by 2028 to expand at 5.5% CAGR during 2022-2028.

Based on country, the South & Central America pet supplements market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that the Rest of South & Central America captured 46.2% share of South & Central America pet supplements market in 2022. It was assessed at US$ 104.68 million in 2022 and is likely to hit US$ 142.11 million by 2028, exhibiting a CAGR of 5.2% during 2022-2028.

Key players operating in the South & Central America pet supplements market are Nordic Naturals Inc, Swedencare AB (NaturVet), WINPRO Pet, and Zesty Paw LLC, among others.

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TABLE OF CONTENTS

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
3.2.8 Limitations and Assumptions:
4. South & Central America Pet Supplements Market Overview
4.1 Market Overview
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Materials
4.3.2 Manufacturing/Processing
4.3.3 Packaging and Distribution
4.4 Expert Opinion
5. South & Central America Pet Supplements Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Number of Pet Owners
5.1.2 Strategic Developments by Key Market Players
5.2 Market Restraints
5.2.1 Stringent Regulatory Framework
5.3 Market Opportunities
5.3.1 Consumer Preferences for E-Commerce Platform
5.4 Future Trends
5.4.1 Consumer Preference for Natural Ingredients in Pet Supplements
5.5 Impact Analysis of Drivers and Restraints
6. Pet Supplements – South & Central America Market Analysis
6.1 South & Central America Pet Supplements Market Overview
6.2 South & Central America Pet Supplements Market -Revenue and Forecast to 2028 (US$ Million)
7. South & Central America Pet Supplements Analysis – By Form
7.1 Overview
7.2 South & Central America Pet Supplements Market, By Form (2021 and 2028)
7.3 Chewable
7.3.1 Overview
7.3.2 Chewable: South & Central America Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Powder
7.4.1 Overview
7.4.2 Powder: South & Central America Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: South & Central America Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
8. South & Central America Pet Supplements Market Analysis – By Pet Type
8.1 Overview
8.2 South & Central America Pet Supplements Market, By Pet Type (2021 and 2028)
8.3 Dogs
8.3.1 Overview
8.3.2 Dogs: South & Central America Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Cats
8.4.1 Overview
8.4.2 Cats: South & Central America Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: South & Central America Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
9. South & Central America Pet Supplements Analysis – By Distribution Channel
9.1 Overview
9.2 South & Central America Pet Supplements Market, By Distribution Channel (2021 and 2028)
9.3 Online
9.3.1 Overview
9.3.2 Online: South & Central America Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Offline
9.4.1 Overview
9.4.2 Offline: South & Central America Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
10. South & Central America Pet Supplements Market – Country Analysis
10.1 Overview
10.1.1 South & Central America Pet Supplements Market, by Key Country
10.1.1.1 Brazil: South & Central America Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Brazil: South & Central America Pet Supplements Market, By Form
10.1.1.1.2 Brazil: South & Central America Pet Supplements Market, by Pet Type
10.1.1.1.3 Brazil: South & Central America Pet Supplements Market, by Distribution Channel
10.1.1.2 Argentina: South & Central America Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Argentina: South & Central America Pet Supplements Market, By Form
10.1.1.2.2 Argentina: South & Central America Pet Supplements Market, by Pet Type
10.1.1.2.3 Argentina: South & Central America Pet Supplements Market, by Distribution Channel
10.1.1.3 Rest of South and Central America: South & Central America Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Rest of South and Central America: South & Central America Pet Supplements Market, By Form
10.1.1.3.2 Rest of South and Central America: South & Central America Pet Supplements Market, by Pet Type
10.1.1.3.3 Rest of South and Central America: South & Central America Pet Supplements Market, by Distribution Channel
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Zesty Paw LLC
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Nordic Naturals Inc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Winpro Co LLC
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Swedencare AB (NaturVet)
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
13. Appendix
13.1 About
13.2 Word Index

LIST OF TABLES

Table 1. South & Central America Pet Supplements Market -Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil: South & Central America Pet Supplements Market, By Form – Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil: South & Central America Pet Supplements Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil: South & Central America Pet Supplements Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 5. Argentina: South & Central America Pet Supplements Market, By Form – Revenue and Forecast to 2028 (US$ Million)
Table 6. Argentina: South & Central America Pet Supplements Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Argentina: South & Central America Pet Supplements Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of South and Central America: South & Central America Pet Supplements Market, By Form – Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of South and Central America: South & Central America Pet Supplements Market, by Pet Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Rest of South and Central America: South & Central America Pet Supplements Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 11. List of Abbreviation

LIST OF FIGURES

Figure 1. South & Central America Pet Supplements Market Segmentation
Figure 2. South & Central America Pet Supplements Market Segmentation – By Country
Figure 3. South & Central America Pet Supplements Market Overview
Figure 4. South & Central America Pet Supplements Market: By Form
Figure 5. South & Central America Pet Supplements Market: By Country
Figure 6. Porter’s Five Forces Analysis: South & Central America Pet Supplements Market
Figure 7. Ecosystem: South & Central America Pet Supplements Market
Figure 8. Expert Opinion
Figure 9. South & Central America Pet Supplements Market Impact Analysis of Drivers and Restraints
Figure 10. South & Central America Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. South & Central America Pet Supplements Market Revenue Share, By Form (2021 and 2028)
Figure 12. Chewable: South & Central America Pet Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. Powder: South & Central America Pet Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. Others: South & Central America Pet Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. South & Central America Pet Supplements Market Revenue Share, By Pet Type (2021 and 2028)
Figure 16. Dogs: South & Central America Pet Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Cats: South & Central America Pet Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Others: South & Central America Pet Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. South & Central America Pet Supplements Market Revenue Share, By Distribution Channel (2021 and 2028)
Figure 20. Online: South & Central America Pet Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. Offline: South & Central America Pet Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. South & Central America Pet Supplements Market, by Key Country- Revenue (2021) (US$ Mn)
Figure 23. South & Central America Pet Supplements Market Revenue Share, by Key Country (2021 and 2028)
Figure 24. Brazil: South & Central America Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Argentina: South & Central America Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Rest of South and Central America: South & Central America Pet Supplements Market – Revenue and Forecast to 2028 (US$ Million)

The List of Companies – South & Central America Pet Supplements Market

– Nordic Naturals Inc
– Swedencare AB (NaturVet)
– WINPRO Pet
– Zesty Paw LLC

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