Thursday, August 25, 2022
HomeDog FoodExcellent news for Mexican pet meals market: Extra pets to feed

Excellent news for Mexican pet meals market: Extra pets to feed

The Nationwide Statistics Institute of Mexico (INEGI) undertook a consultant survey in 2021 to measure some key variables, such because the reported variety of pets within the nation. The final time INEGI carried out such a survey was in 2016, and the outcomes had been restricted. The newest survey revealed absolutely the variety of pets.

In response to INEGI, there have been 79.977 million pets within the nation in 2021. Of that, 43.756 million had been canine, 16.263 million had been cats and 19.957 million had been different pet species. 

By comparability, the human inhabitants of Mexico reached 126.014 million habitants in early 2021. Thus, the pet inhabitants is 63% of the human inhabitants.

Variety of pets doesn’t correlate to pet meals market dimension

With such a big canine inhabitants, why is the present pet food market dimension in Mexico simply above 1 million metric tons per yr? Given the almost 44 million canine within the nation, the market has a possible of greater than 3 million metric tons of pet food yearly (assuming all of them are fed business meals). But, the precise market dimension is lower than 3 times that potential. 

The sizeable variety of homeless canine solutions this query. A big portion of canine reported as pets truly dwell on the streets.

The identical state of affairs occurs with cats. INEGI estimated there are about 16 million cats within the nation. Nonetheless, cats residing in a home are doubtless a smaller portion of that inhabitants.

Pet inhabitants dynamics are nonetheless unknown

Though the brand new pet inhabitants data is related, there are nonetheless important knowledge which are unknown. For instance, what’s the actual variety of homeless canine and cats, and the precise penetration fee of pet meals (the share of canine and cats consuming business pet meals)?

Understanding the variety of pets residing in properties will assist the trade construct correct demand forecasts to put money into manufacturing capability. The following step remains to be the necessity to perceive the penetration fee of pet meals. This metric would reveal how shut the present consumption fee is to its actual potential fee.

Subsequently, there’s room for enchancment in data of pet inhabitants dynamics in Mexico.



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