Mexico Pet Care Market Overview, 2029

In Mexico, the most commonly adopted pets are dogs and cats. According to the Mexican Pet Food Industry Association (ANFAMAC), there are an estimated 28 million dogs and 10 million cats in the country, with approximately 70% of these pets being adopted from animal shelters or taken in as strays. Apart from dogs and cats, some other pets that are adopted in Mexico includes birds, fish, reptiles, rodents. To accommodate the demands of pet owners, the pet care industry in Mexico is expanding and changing. There are many options available to help pet owners provide their beloved pals the finest care possible, from food and treats to medicinal items and grooming services. A broad variety of items are available on the Mexican pet care market to assist pet owners in giving their animals the finest care possible. To keep their animals healthy, pet owners in Mexico can buy vitamins, dewormers, and medications for fleas and ticks. Additionally offered are prescription medicines and veterinary services. Mexico is a growing market for pet insurance, with many companies providing coverage for unforeseen medical costs. These goods are offered in a variety of designs and pricing points to suit different tastes and financial constraints. To keep their animals in Mexico looking and feeling their best, many pet owners choose to use professional grooming services. According to the research report "Mexico Pet Care Market Overview, 2029," published by Bonafide Research, the Mexico Pet Care market is expected to reach a market size of more than USD 5.10 Billion by 2029. There are a number of other variables that have contributed to the growth of the pet care sector in Mexico. Aside from the challenges it encounters, such as altering pet ownership choices, economic growth and urbanization. It also focuses on health and wellbeing are driving growth in the Mexican pet care industry. This offers chances for companies in the pet care sector to expand and prosper. Increased pet ownership Mexico is seeing a rise in the number of homes with pets as more individuals choose to adopt or buy dogs as companions. Pets are becoming increasingly treated like family members and are becoming more humanized as a result. Income available for discretion has expanded along with the Mexican economy in many households treated accordingly. The demand for pet care services like dog walking, pet grooming, and pet boarding is increasing as more people migrate to metropolitan areas. Trends in health and wellness: People are becoming more conscious of the value of good health and wellness for both people and their pets. A number of variables, such as shifting attitudes towards pets, rising pet ownership, and technological improvements, are causing the pet care business to grow. The demand for high-quality pet care goods and services is anticipated to rise along with the growth of the world's pet population.

The number of millennials and members of generation Z who own pets has increased recently, which has helped the pet care industry grow. These younger generations are becoming pet owners more frequently for a variety of reasons, including Delaying parenthood, many members of generation Y and millennials are putting off having children in favour of raising pets, which satisfies their maternal impulses. Benefits for mental health, studies have shown that having pets can help people feel less stressed, anxious, and depressed. More individuals are turning to dogs to boost their wellbeing as mental health becomes a more relevant concern among younger generations. Social media's influence, social media has been a major factor in the promotion of pets as accessories for a healthy lifestyle. Social media is a popular way for millennials and members of generation Z to post photos and videos of their dogs. Working from home has become increasingly common as a result of the COVID-19 pandemic, allowing many people to spend more time at home with their pets. Younger generations now find it easier to adopt and care for pets as a result. A number of variables, such as a need for companionship, an interest in wellness and mental health, and the influence of social media, are behind the rise in pet ownership among millennials and Gen Z. The demands of pet owners are met by a number of pet product businesses headquartered in Mexico. Here are a few illustrations, Nutra-Nuggets, The Company of Animals Mexico, Unicharm Petcare Corporation, Mexpet, Petco Mexico, etc. A variety of innovative gadgets and technology targeted at enhancing the lives of pets and their owners are being introduced in Mexico. The pet owners may watch and manage their pet's food remotely with the use of a smartphone apps like GPS Pet Trackers. Pet cameras are the cameras which have two-way audio capabilities, enabling pet owners to communicate with or listen to their animals while they are away. Pet health monitors are a recent innovation in Mexico that let pet owners monitor their animal companions' health and wellbeing. Smart litter boxes are a brand-new product on the Mexican market. These gadgets can clean and refill the litter box on their own, and they can even send notifications when it's time to change the litter. Dog and cat food products currently account for the majority of the pet care market in Mexico, but accessories, toys, and grooming supplies are all becoming increasingly popular. In Mexico, where the majority of the population is young and technologically adept, e-commerce is growing in popularity as a means of buying pet supplies. Due to fierce competition, both domestic and foreign brands are fighting for market dominance. New entrants still have chances, especially in the premium and natural pet food areas. The Mexican pet care market is a promising industry with lots of room for expansion and innovation. Considered in this report • Geography: Mexico • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Mexico Pet Care market with its value and forecast along with its segments • Country-wise Pet Care market analysis • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Segments Type • Pet Food • Pet Accessories • Pet Healthcare • Pet Grooming

By Animals Type • Dog Food • Cat Food • Fish Food • Bird Food • Others By Food Type • Dry Food • Wet or canned • Snacks and treats • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Pet Care industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.