The Mexico Pet Food Market is valued at USD 2.40 billion in the current year. The market is projected to register a CAGR of 5.4% over the forecast period. In Mexico, pet food is considered an essential item as it helps attain nutritional adequacy and aids pet owners in avoiding the hassle of preparing a healthy diet for their pets. The production, consumption, and demand for pet food in the country increased at a robust pace over the review period.

The changing economic and social situation in Mexico is the most important driver of the market. Mexico’s strong income growth, shrinking household size, and aging population have resulted in a rise in pet food sales. Due to the changing lifestyles, the appeal of owning a pet is increasing, leading to the growth of the pet food market.
Mexican pet owners are also switching from feeding their pets table scraps to giving them scientific and commercial pet food products. This has been made affordable due to the country's economic stability and increased awareness of pet health.
The already expanding online pet food sales increased rapidly post-COVID-19, as consumers stayed home due to the lockdown measures related to the pandemic. Petco and Maskota are the largest pet food chains in Mexico. However, online platforms, such as Amazon and Mercado Libre, play a significant role.

Mexico Pet Food Industry Segments

Pet foods are intended to provide complete and balanced nutrition to pets and are primarily used as functional products. Pet foods make nutritious diets easily accessible to pet owners.
The Mexican pet food market is segmented by animal type into dogs, cats, and other animals. By product type, the market is segmented into dry pet food, wet pet food, veterinary diets, treats and snacks, and other product types. By distribution channel, the market is segmented into supermarkets/hypermarkets, specialty stores, online channels, and other distribution channels. The report offers the market size and forecasts in terms of value (USD million) for all the above segments.

Animal Type

  • Dogs
  • Cats
  • Other Animals


Product Type

  • Dry Pet Food
  • Wet Pet Food
  • Veterinary Diets
  • Treats and Snacks
  • Other Product Types


Distribution Channel

  • Supermarkets/Hypermarkets
  • Specialty Stores
  • Online Channels
  • Other Distribution Channels
 

Mexico Pet Food Market Trends

This section covers the major market trends shaping the Mexico Pet Food Market according to our research experts:

Increasing Humanization of Pets

The humanization of pets is the main driver of the pet food market in Mexico. With this increase in humanization, pets are being treated more hygienically and carefully, which has increased the consumer demand for high-quality pet food products.
In Mexico, pet ownership became more prevalent during the lockdowns, restrictions, and working-from-home conditions resulting from COVID-19. Also, as consumers were restricted to more in-home activities during this time, they spent more time with pets. This created emotional bonding between pets and their owners, and thus, people started to treat pets as family.
In addition, the rapid rise in middle-class income in the country, coupled with an increasingly aging population, is also increasing pet adoption, which is creating more demand for pet food.
Many dog shelters and associations are initiating programs for the adoption of stray dogs by sterilizing them, rescuing them if abandoned, and helping those stuck in hard-to-reach places.
 

Mexico Pet Food Market Competitor Analysis

The Mexican pet food market is highly consolidated, with the top players holding major market shares. The major players in the market include Mars Inc., Nestle SA, Archer Daniels Midland, and J. M. Smucker Company (Big Heart Pet Brands Inc.).
The major players in the market have expanded their product portfolios and broadened their businesses to maintain their position in the market. Acquisition of smaller players is the second most adopted strategy in the market. Through acquisitions, the major players can offer a higher level of product differentiation and use the acquired player’s resources and distribution channels.
 

Mexico Pet Food Market Recent Developments

April 2022: Nutro introduced a new line of products for dogs called So Simple. This product line was presented as an alternative to complicated dog food options. The products in this range include treats and meals for dogs made with high-quality ingredients.
November 2021: Hill's Pet Nutrition partnered with Bond Pet foods, a Boulder-based leader in creating meat proteins via fermentation for pet food applications. This partnership was formed to develop an alternative to one of Hill's most popular meat proteins, specifically to address the dietary needs of cats and dogs.
July 2021: General Mills, the parent company of Blue Buffalo, acquired Tyson Pet Foods, Nudges, True Chews, and Top Chews brands.