Mexico’s pet food industry reached a total value of $7.7 billion in 2023, with production expected to grow at a steady 2.5% annually through 2030. The majority of this market is driven by dog food, as dogs are the most common pets in the country, with dry dog food alone accounting for 55% of all pet food produced. Despite rising prices due to inflation, the volume of pet food has continued to increase, indicating strong demand. Notably, 80% of the market is dominated by just a few large manufacturers, highlighting significant industry concentration.
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