Dublin, November 8, 2021--(BUSINESS WIRE)--"Chile pet care market size, share and analysis, by category (dog food, cat food, other pet food, cat litter, pet health, pet dietary supplement And others), forecasts and opportunities by pet food type (dry food, wet food, pet snacks), the 2021-2025 report has been added to ResearchAndMarkets.com’s products.
The Chilean economy is in a weak position. The economy contracted by more than 4% in the quarter before the COVID-19 outbreak. The pandemic further severely affected the country, especially in the first half of 2020.
According to data from the Central Bank of Chile, the country's GDP growth in 2020 will exceed 5.8%. This triggered the government's fiscal stimulus plan, announcing a $11.8 billion (4.7% of GDP) stimulus plan in response to the economic impact of the 2020 COVID-19 pandemic.
The package focuses on three pillars: strengthening the healthcare system, implementing measures to prevent income loss and reduction, and supporting small and medium-sized enterprises through tax measures. These measures have helped the economy recover, and GDP growth in 2021 is expected to reach 4.75% to 6.25%.
The entire industry has felt the impact of the pandemic, but FMCG and pet care have shown resilience and achieved positive growth. As the economic outlook improves, the pet care industry will remain attractive.
Chilean pet care gains further benefits:
According to this report, despite the challenges of the COVID-19 pandemic and slowing GDP growth, the pet care industry has maintained its growth momentum.
According to data from the Chilean Agriculture and Livestock Service Agency, as of 2021, the Chilean government has approved and registered 147 new imported pet foods in the local market. Among them, 69% are dog food products and the remaining cat food products. The national pet care industry has benefited from the humanization of pets and the declining birth rate, with a year-on-year growth of more than 5% in 2020.
In terms of market segment performance, the dog food and cat food sectors outperformed the dry dog food and cat food sectors. Because of the continuity of working at home, pet owners spend more time with their pets and ultimately reward their pets with more high-quality products. Help achieve higher year-on-year (YoY) growth in 2020.
Chile has launched 8 new products in the dog food and cat food categories, of which dog food accounts for more than 62% of these new products. In the cat food category, Champion SA has launched a new high-quality cat food under the Champion Cat Naturals brand, which contains 35% high-quality protein and amino acids essential for cat body development. The new product is aimed at cat owners who are keen to feed their cats with high-quality products.
Over the years, Cannes, a premium dog food brand, has benefited greatly from the dry, wet, and dog food segments, and due to the strong growth of the premium dry dog food segment, which is very popular among Chilean dog owners, its The value share has almost doubled.
Global giants Mars and Nestlé Purina will jointly dominate the national pet food market in 2020. Other well-known pet food companies include Empresas Carozzi SA, Champion SA, etc.
Chile remains locked from March 2020 to September 2020, which has promoted online sales of pet food and sales through traditional stores, especially in the first and second quarters of 2020. I chose a local pet shop because I was worried about the pandemic.
This trend is likely to continue, because according to our internal consumer survey in Chile, more than 51% of e-shoppers stated that they will continue to buy pet food from e-retailers in the post-pandemic period.
4. Global pet care market outlook
4.1. Global pet care market size, by value and volume
4.2. Share of global pet food companies
5. South American pet care market outlook
5.1.1. South America regional share, by value
5.1.2. South American pet care market size, by value and volume
5.1.3. Share of pet food companies in South America, by value
6. Chilean pet care market outlook
6.1. Market size and forecast, by value and volume
6.1.1. Dog food category size, by value and quantity
6.1.1.1. Dog food market segment (dry dog food, wet dog food, dog food), by value and quantity
6.1.2. Cat food category size, by value and quantity
6.1.2.1. Cat food market segment (dry cat food, wet cat food, cat food), by value and quantity
6.1.3. Cat litter category size, by value
6.1.4. Pet health care category scale, by value
6.1.5. Other pet food category size, by value
6.1.6. Pet dietary supplement category size, by value
6.1.7. Other pet product category size, by value
6.2. Pet food company share, by value
6.3. Pet care distribution channel share, by value
7. Chilean pet care market dynamics
8. Chilean pet care trends, opportunities and development
9. Chilean pet care policy and regulatory landscape
For more information about this report, please visit https://www.researchandmarkets.com/r/gw6d85
View the source version on businesswire.com: https://www.businesswire.com/news/home/20211108005729/en/
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call 353-1-416-8900
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