The Mexican pet food market is poised for strong growth in the coming years, according to multiple market research reports. However, estimates of the market size vary significantly. The trade journal Pet Industry reports a 2023 sales volume of $7.7 billion, based on data from Mexican consulting firm Amexfal. In contrast, Statista estimates the market size at $2.6 billion for 2024, while Mordor Intelligence projects a figure of $3.29 billion for the same period. Despite these discrepancies, all sources agree on the robust future growth of the market, particularly in states with large cities like Guadalajara, Puebla, Monterrey, and Mexico City, where half of the country’s pets are concentrated and purchasing power is higher.
Mexican Pet Food Market Set for Strong Growth Despite Varied Market Size Estimates
Melina Beyer2024-08-21T22:04:17+02:00August 20th, 2024|Categories: General, Market info, South America|Tags: Amexfal pet food report, Guadalajara pet market, Mexican GDP and pet ownership, Mexican pet food market, Mexico City pet food, Mordor Intelligence, pet food industry growth, pet food sales Mexico, Pet industry trends, Statista pet market|