Chile Companion Animal Market Report Published
The “Chile Pet Care Market Size, Share & Analysis, by Category (Dog Food, Cat Food, Other Pet Food, Cat Litter, Pet Health Care, Dietary Supplements for Pets & Others), By Pet Food Type (Dry Food, Wet Food, Pet Treats) Forecast and Opportunity, 2021-2025 “ report was added to the offering of ResearchAndMarkets.com.
The Chilean economy was in a vulnerable position and experienced an economic contraction of more than 4% in the quarter before the onset of COVID-19 and the pandemic severely affected the country, particularly in the first half of 2020.
According to the Central Bank of Chile, the country experienced negative GDP growth of over 5.8% in 2020. This triggered a government fiscal stimulus package with the announcement of an 11.8% stimulus package. billion dollars (4.7% of GDP) to address the economic impacts of the COVID-19 pandemic in 2020.
The package focused on three main pillars: strengthening the health system, implementing measures to protect against loss and reduction of income and supporting SMEs through fiscal measures. These measures have helped the economy record a recovery and it is expected to register 4.75% to 6.25% GDP growth for 2021.
The impact of the pandemic has been felt across all sectors, but consumer goods and pet care have shown resilience and shown positive growth. As the economic outlook improves, the pet care industry will remain attractive.
Chili Pet Care wins even more
According to this report, the pet care industry has continued to grow despite challenges such as the COVID-19 pandemic and reduced GDP growth.
According to the Agriculture and Livestock Service of Chile, in 2021, the Chilean government authorized and registered 147 new pet food products imported into the local market. Of these, 69% are dog food products and the rest cat food products. The nation’s pet care industry is benefiting from the humanization of pets and declining birth rate trends and recorded annual growth of over 5% in 2020.
In terms of segment performance, the dog and cat treats segments outperformed the wet and dry dog ââand cat food segments as with continued work from home pet owners spent more time with their customers. pets and ended up rewarding their pets with more premium products, helping the treats record higher year-over-year growth in 2020.
New product launches
Chile saw 8 new product launches in the dog and cat food category, with dog food accounting for over 62% of these launches. In the cat food category, Champion SA launched a new premium cat food under the Champion Cat Naturals brand containing 35% high quality protein and amino acids essential for the development of the cat’s body. The new launch is aimed at cat owners who want to feed their cats high-end products.
Premium dog food brand Cannes has benefited significantly over the years with its presence in the dry, wet and dog treats segment and has almost doubled its share of value due to strong growth in the dry food segment. premium dog dog which is very popular among Chilean dog owners.
Global giants Mars and NestlÃ© Purina together dominate the domestic pet food market in 2020. Other major pet food companies include Empresas Carozzi SA, Champion SA, and more.
E-merchants show record growth
Chile remained in lockdown from March 2020 to September 2020, which boosted online pet food sales as well as traditional store sales, especially in the first and second quarters of 2020. The owners animals preferred to stay away from large modern retailers due to fear of a pandemic and instead chose local pet stores.
The trend is expected to continue because according to our internal consumer survey in Chile, over 51% of online shoppers said they would also continue to purchase their pet food from online retailers in the post-consumer period. pandemic.
Key topics covered
1. Product overview
2. Research methodology
3. Executive summary
4. Global Pet Care Market Outlook
4.1. Global Pet Care Market Size, By Value and Volume
4.2. Global Pet Food Society
5. South America Pet Care Market Outlook
5.1.1. Share of South America region, by value
5.1.2. South America Pet Care Market Size, by Value and Volume
5.1.3. South America Pet Food Company Share, By Value
6. Chile Pet Care Market Outlook
6.1. Market size and forecast, by value and volume
6.1.1. Size of dog food category, by value and volume
22.214.171.124. Dog Food Segment (Dry Dog Food, Wet Dog Food, Dog Treats), by Value and Volume
6.1.2. Cat Food Category Size, By Value and Volume
126.96.36.199. Cat Food Segment (Dry Cat Food, Wet Cat Food, Cat Treats), by Value and Volume
6.1.3. Cat litter category size, by value
6.1.4. Pet Health Care Category Size, By Value
6.1.5. Size of other pet food categories, by value
6.1.6. Pet Food Supplements Category Size, by Value
6.1.7. Other Pet Products Category Size, By Value
6.2. Share of pet food companies, by value
6.3. Share of the Pet Care distribution channel, by value
7. Chile Pet Care Market Dynamics
8. Chile Pet Care Trends, Opportunities and Developments
9. Chile Pet Care Policy and Regulatory Landscape
10. Macroeconomic Profile of Chile
11. Competitive landscape
11.1. Mars Inc.
11.2. Nestle Purina
11.3. Empresas Carozzi SA
11.5. Champion SA
12. Strategic recommendations
For more information on this report, visit https://www.researchandmarkets.com/r/gw6d85