South and Central America Therapeutic Dog Food Market
Due to their significant impact on human life since their domestication, dogs are viewed as the most appropriate companion animal in humans. They promote an active lifestyle, provide emotional companionship, and have superior detection capabilities for several purposes. Pets help bring social, emotional, and cognitive development in children, in addition to helping adults in relieving stress and anxiety. Research studies have shown that dog owners are at a 36% lower risk of dying from cardiovascular disease and an 11% lower risk of a heart attack. Thus, the surging preference for dogs as a companion is fueling the therapeutic dog food market growth.
Changes in pet ownership are the long-term consequence of the COVID-19 pandemic in South and Central America. Home seclusion and isolation are driving pet population growth. Also, to mitigate the pet abandonment situation, some governments have implemented a few actions to help street dogs. In Perú, provincial governments are installing pet food dispensers on the street to periodically feed street dogs. In Bolivia, the government is supporting shelters with supplies of pet food during the quarantine period. In Colombia, authorities launched a campaign nationwide to protect pets, and the local governments are requesting donations of frozen pet food. Such initiatives undertaken by the Government are expected to bolster the growth of the therapeutic dog food market in South and Central America.
With the new advancements and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South and Central America therapeutic dog food market. The therapeutic dog food market is improving with initiatives led by animal welfare associations, dog food manufacturers, and governments. Governments are raising awareness concerning health conditions and animal diseases, and also facilitating the privatization of animal healthcare services. The PetFAST Reporting System tracks any suspected pet illness associated with pet food sold in the country. Such systems urge the manufacturers to maintain optimum product quality and hence assist in augmenting the brand identity of the products and thus facilitate the market growth. A surge in pet ownership and growing consumer awareness has spurred demand for pet products, and companies are launching various campaigns to increase consumer awareness. For instance, in June 2021, MARS Petcare introduced a new advertising campaign promoting Pedigree’s Small Dog pet food range in India. The new advertising campaign promotes the concept of feeding the right food to small dogs.
Strategic insights for the South and Central America Therapeutic Dog Food provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 521.77 Million |
| Market Size by 2028 | US$ 737.41 Million |
| Global CAGR (2021 - 2028) | 5.1% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South and Central America Therapeutic Dog Food refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The South and Central America Therapeutic Dog Food Market is valued at US$ 521.77 Million in 2021, it is projected to reach US$ 737.41 Million by 2028.
As per our report South and Central America Therapeutic Dog Food Market, the market size is valued at US$ 521.77 Million in 2021, projecting it to reach US$ 737.41 Million by 2028. This translates to a CAGR of approximately 5.1% during the forecast period.
The South and Central America Therapeutic Dog Food Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South and Central America Therapeutic Dog Food Market report:
The South and Central America Therapeutic Dog Food Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South and Central America Therapeutic Dog Food Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South and Central America Therapeutic Dog Food Market value chain can benefit from the information contained in a comprehensive market report.
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