Mexico’s pet industry has experienced significant growth in recent years, a trend that echoes the boom in the global pet industry. According to analysis, the Mexican pet food market size is expected to be US$3.29 billion in 2024, and is expected to reach US$4.58 billion by 2029, showing a compound annual growth rate of 6.84% during the forecast period (2024-2029). This growth is driven by a variety of factors, including rising awareness of pet care, increasing spending power of pet owners and the launch of innovative pet food products.
Pet owners in Mexico are more likely to purchase pet food and supplies online. According to the Mexican Online Retail Association (AMVO), the pet supplies category accounts for a significant share of Mexican consumers’ online shopping preferences in 2021. NielsenIQ's survey shows that at the beginning of 2022, pet food performed well in the online shopping category in Mexico, accounting for 33.9% of online sales. As consumers pay more and more attention to pets, more types of pet products have appeared on the market. These products reflect pet owners' needs for high-quality and healthy pets.
Although the market is generally improving, it also faces some challenges. Inflation and reduced incomes for some pet owners may lead them to rely less on commercial pet food in favor of homemade meals or leftovers. In addition, the problem of animal abandonment is also a social issue that the Mexican pet food industry needs to pay attention to, because it not only involves ethical issues, but may also have an impact on the long-term development of the industry.
Overall analysis shows that the Mexican pet industry is in a development stage full of vitality and opportunities. As the market continues to mature and consumer demands continue to evolve, consumers attach greater importance to pet health and well-being, and the pet industry adapts and innovates to market trends, the Mexican pet industry is expected to achieve more sustainable and healthy development.
If you want to quickly connect to Mexico and understand the local conditions in Mexico, attending the exhibition is a more convenient choice. LATINZOO's position as the best international animal products and equipment exhibition in Mexico on July 25-26, 2024 has been established. This event is an important showcase for the animal industry, attracting more than 24,000 qualified buyers from across Latin America. This Pet Expo is the most outstanding and fastest-growing event in the pet industry in recent years, providing irreplaceable opportunities for industry market growth, communication, business opportunities, professional updates and innovation. Can promote products, stay abreast of the latest news and professional updates on the market, and engage directly with key international players in the Latin American industry.
LATINZOO 2019 set a new success record in the Mexican pet industry, attracting 24,920 professional visitors and more than 230 exhibiting companies, including 40 foreign exhibitors from 15 countries in the fields of food, accessories, animal care and health . This made LATINZOO the most visited event in just two days.
With the increase in international pavilions, more and more foreign companies hope to promote their brands and products in this growing market. LATINZOO visits are reserved exclusively for pet industry professionals and are not events for the general public (end consumers). 96% of companies participating in LATINZOO 2023 expressed satisfaction, and 92% of companies confirmed their intention to participate in the 9th LATINZOO in 2024.
