Pet food Market size in Argentina to grow by USD 207.8 Million | Driven by the growth of organized retail sector | Technavio
NEW YORK, March 10, 2022 /PRNewswire/ -- "Pet Food Market in Argentina by Distribution Channel and Animal Type - Forecast and Analysis 2022-2026" has been added to Technavio's offering. The market is expected to witness a YOY growth of 2.54% in 2022 and progress at a CAGR of 2.76% between 2021 and 2026. The report segments the market by distribution channel (offline and online) and animal type (dog, cat, and others).
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Vendor Insights
The pet food market in Argentina is fragmented and is characterized by the presence of numerous large, medium, and small-scale manufacturers. These players are competing on various parameters such as price, quality, brand identity, and distribution.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Colgate-Palmolive Co.
- Grupo Molino Chacabuco
- Mars Inc.
- Metrive
- Nestle SA
- Schell and Kampeter Inc.
- The J.M. Smucker Co.
- Tiernahrung Deuerer GmbH
- Tuffys Pet Foods
- Wellness Pet Co. Inc.
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Key Segment Analysis
By distribution channel, the market share by the offline segment will be significant during the forecast period. The segment includes hypermarkets, supermarkets, and specialty stores that sell pet food. The availability of various kinds of pet food products under a single roof has been crucial in driving the growth of the segment. Moreover, offline stores offer discounts and give away free products when consumers purchase products worth a certain amount, which is increasing the sales of pet food products.
Similarly, by animal type, the market will generate maximum revenue in the dog's pet food segment during the forecast period. The growth of the segment can be attributed to the increasing number of dog ownership across the country. In addition, factors such as the rising dog population and the increasing awareness about the benefits of packaged dog food products will foster the growth of the market in the dog pet food segment.
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Key Market Drivers & Trends:
The pet food market is primarily driven by the growth of the organized retail sector. The proliferation of supermarkets, hypermarkets, and specialty stores has led to the growth of organized retail in Argentina. Many retail chains in the country are continuously strengthening their distribution networks and generating more revenue by opening new stores. This is increasing the availability of a wide variety of pet food products under a single roof. Besides, many organized retailers offer dedicated shelf spaces for branded and private-label packaged pet food products. All these factors will have a positive impact on the growth of the pet food market in Argentina during the forecast period.
Another factor supporting the growth of the pet food market in Argentina is the increasing demand for organic pet food. The rising focus on the health and wellness of pets among pet parents has increased the demand for organic pet food. In addition, the rising number of health issues caused by conventional food products has forced many pet owners to shift toward the use of organic pet food. It offers various benefits such as reduced skin allergies and ailments, fewer digestive disorders, and improved quality of health. This growing trend is expected to increase the demand for organic pet food, thereby driving the growth of the market.
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Related Reports:
Dog Food Market by Product and Geography - Forecast and Analysis 2022-2026
Pet Food Market in Argentina: Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2021 |
Forecast period | 2022-2026 |
Growth momentum & CAGR | Accelerate at a CAGR of 2.76% |
Market growth 2022-2026 | USD 207.80 million |
Market structure | Fragmented |
YoY growth (%) | 2.54 |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | Colgate-Palmolive Co., Grupo Molino Chacabuco, Mars Inc., Metrive, Nestle SA, Schell and Kampeter Inc., The J.M. Smucker Co., Tiernahrung Deuerer GmbH, Tuffys Pet Foods, and Wellness Pet Co. Inc. |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
1. Executive Summary
1.1 Market Overview
Exhibit 01: Key Finding 1
Exhibit 02: Key Finding 2
Exhibit 03: Key Finding 3
Exhibit 04: Key Finding 5
Exhibit 05: Key Finding 8
2. Market Landscape
2.1 Market ecosystem
Exhibit 06: Parent market
Exhibit 07: Market Characteristics
2.2 Value Chain Analysis
Exhibit 08: Value chain analysis: Packaged Foods and Meats
2.2.1 Inputs
2.2.2 Inbound logistics
2.2.3 Primary processing
2.2.5 Outbound logistics
2.2.6 End-customers
2.2.7 Marketing and sales
2.2.8 Services
2.2.9 Innovations
3. Market Sizing
3.1 Market definition
Exhibit 09: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 10: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
3.4.1Estimating growth rates for emerging and high-growth markets
3.4.2 Estimating growth rates for mature markets
Exhibit 11: Global - Market size and forecast 2021 - 2026 (million $)
Exhibit 12: Global market: Year-over-year growth 2021 - 2026 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 13: Five forces analysis 2021 - 2026
4.2 Bargaining power of buyers
Exhibit 14: Bargaining power of the buyer
4.3 Bargaining power of suppliers
Exhibit 15: Bargaining power of the supplier
4.4 Threat of new entrants
Exhibit 16: Threat of new entrants
4.5 Threat of substitutes
Exhibit 17: Threat of substitutes
4.6 Threat of rivalry
Exhibit 18: Threat of rivalry
4.7 Market condition
Exhibit 19: Market condition - Five forces 2021
5 Market Segmentation by Distribution channel
5.1 Market segments
Exhibit 20: Distribution channel- Market share 2021-2026 (%)
5.2 Comparison by Distribution channel
Exhibit 21: Comparison by Distribution channel
5.3 Offline - Market size and forecast 2021-2026
Exhibit 22: Offline - Market size and forecast 2021-2026 ($ million)
Exhibit 23: Offline- Year-over-year growth 2021-2026 (%)
5.4 Online - Market size and forecast 2021-2026
Exhibit 24: Online - Market size and forecast 2021-2026 ($ million)
Exhibit 25: Online- Year-over-year growth 2021-2026 (%)
5.5 Market opportunity by Distribution channel
Exhibit 26: Market opportunity by Distribution channel
6 Market Segmentation by Animal type
6.1 Market segments
Exhibit 27: Animal type- Market share 2021-2026 (%)
6.2 Comparison by Animal type
Exhibit 28: Comparison by Animal type
6.3 Dog - Market size and forecast 2021-2026
Exhibit 29: Dog - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Dog - Year-over-year growth 2021-2026 (%)
6.4 Cat - Market size and forecast 2021-2026
Exhibit 31: Cat - Market size and forecast 2021-2026 ($ million)
Exhibit 32: Cat - Year-over-year growth 2021-2026 (%)
6.5 Others - Market size and forecast 2021-2026
Exhibit 33: Others - Market size and forecast 2021-2026 ($ billion)
Exhibit 34: Others - Year-over-year growth 2021-2026 (%)
6.6 Market opportunity by Animal type
Exhibit 35: Market opportunity by Animal type
7. Customer landscape
Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
Exhibit 36: Customer landscape
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Growth of organized retail sector
8.1.2 Pet humanization
8.1.3 Increasing preference for functional and fortified pet food
8.2 Market challenges
8.2.1 Increasing instances of pet allergies
8.2.2 Stringent regulations
8.2.3 Risks of product recall
Exhibit 37: Impact of drivers and challenges
8.3 Market trends
8.3.1 Growing demand for organic pet food
8.3.2 Rise in product visibility and accessibility through online retailing
8.3.3 Rising expansion of product portfolio by leading pet food companies in Argentina
9. Vendor Landscape
9.1 Overview
Exhibit 38: Vendor landscape
9.2 Landscape disruption
Exhibit 39: Landscape disruption
Exhibit 40: Industry Risk
9.3 Competitive Scenario
10. Vendor Analysis
10.1 Vendors Covered
Exhibit 41: Vendor Landscape
10.2 Market positioning of vendors
Exhibit 42: Market positioning of vendors
10.3 Colgate-Palmolive Co.
Exhibit 43: Colgate-Palmolive Co. - Overview
Exhibit 44: Colgate-Palmolive Co. - Business segments
Exhibit 45: Colgate-Palmolive Co. - Key offerings
Exhibit 46: Colgate-Palmolive Co. - Segment focus
10.4 Grupo Molino Chacabuco
Exhibit 47: Grupo Molino Chacabuco - Overview
Exhibit 48: Grupo Molino Chacabuco - Product and service
Exhibit 49: Grupo Molino Chacabuco - Key offerings
10.5 Mars Inc.
Exhibit 50: Mars Inc. - Overview
Exhibit 51: Mars Inc. - Product and service
Exhibit 52: Mars Inc. - Key offerings
10.6 Metrive
Exhibit 53: Metrive - Overview
Exhibit 54: Metrive - Product and service
Exhibit 55: Metrive - Key offerings
10.7 Nestle SA
Exhibit 56: Nestle SA - Overview
Exhibit 57: Nestle SA - Business segments
Exhibit 58: Nestle SA - Key offerings
Exhibit 59: Nestle SA - Segment focus
10.8 Schell and Kampeter Inc.
Exhibit 60: Schell and Kampeter Inc. - Overview
Exhibit 61: Schell and Kampeter Inc. - Product and service
Exhibit 62: Schell and Kampeter Inc. - Key offerings
10.9 The J.M. Smucker Co.
Exhibit 63: The J.M. Smucker Co. - Overview
Exhibit 64: The J.M. Smucker Co. - Business segments
Exhibit 65: The J.M. Smucker Co. - Key offerings
Exhibit 66: The J.M. Smucker Co. - Segment focus
10.10 Tiernahrung Deuerer GmbH
Exhibit 67: Tiernahrung Deuerer GmbH - Overview
Exhibit 68: Tiernahrung Deuerer GmbH - Product and service
Exhibit 69: Tiernahrung Deuerer GmbH - Key offerings
10.11 Tuffys Pet Foods
Exhibit 70: Tuffys Pet Foods - Overview
Exhibit 71: Tuffys Pet Foods - Product and service
Exhibit 72: Tuffys Pet Foods - Key offerings
Exhibit 73: Tuffys Pet Food – Key news
10.12 Wellness Pet Co. Inc.
Exhibit 74: Wellness Pet Co. Inc. - Overview
Exhibit 75: Wellness Pet Co. Inc. - Product and service
Exhibit 76: Wellness Pet Co. Inc. - Key offerings
Exhibit 77: Wellness Pet Co. Inc – Key news
11. Appendix
11.1 Scope of the report
11.1.1 Market definition
11.1.2 Objectives
11.1.3 Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 78: Currency conversion rates for US$
11.3 Research Methodology
Exhibit 79: Research Methodology
Exhibit 80: Validation techniques employed for market sizing
Exhibit 81: Information sources
11.4 List of abbreviations
Exhibit 82: List of abbreviations
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SOURCE Technavio
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