QYResearch Reviewed: Latin America Wet Pet Food Market Research Report 2017 QYRESEARCH FOCUS ON MARKET SURVEY AND RESEARCH
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Wet or canned pet food is significantly higher in moisture than dry or semi-moist food. Canned food is commercially sterile (cooked during canning); other wet foods may not be sterile. A given wet food will often be higher in protein or fat compared to a similar kibble on a dry matter basis (a measure which ignores moisture); given the canned food's high moisture content, however, a larger amount of canned food must be fed. Grain gluten and other protein gels may be used in wet pet food to create artificial meaty chunks, which look like real meat.
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In the last several years, Latin America market of Wet Pet Food developed steadily, with an average growth rate of 4.7%. In 2016, Latin America sales of Wet Pet Food are nearly 123.4 K MT; the actual production is about 114.9 K MT. The Latin America average price of Wet Pet Food is in the increasing trend, from 3857 USD/MT in 2011 to 4123 USD/MT in 2016. With the situation of Latin America economy, prices will be in increasing trend in the following five years. The classification of Wet Pet Food includes 80-200g, 200-400g, 400-600g and others (by the container). The proportion of 200-400g in 2016 is about 39.5%, and the proportion of 80-200g in 2016 is about 30.7%.
Wet Pet Food is application in Pet Dog, Pet Cat and Others. The most of Wet Pet Food is used in Pet Dog, and the market share in 2016 is about 58.6%
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Brazil region is the largest supplier of Wet Pet Food, with a production market share nearly 61% in 2016. Mexico is the second largest supplier of Wet Pet Food, enjoying production market share about 18.5% in 2016. Brazil is the largest Sales place, with a Sales market share nearly 57.5% in 2016. Following Brazil, Mexico is the second largest Sales place with the Sales market share of 19.6% in 2016. Argentina is also an important sales region, enjoying sales market share about 7.6% in 2016.
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QYResearch Market competition is intense. Mars, Nestle Purina, Mogiana Alimentos, Colgate-Palmolive, Total Alimentos are the major leader of the market. Most of them have the history of more than one hundred years, and they hold the technology and patents, and formed the monopoly position in the industry.
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