The pet food market in Peru will grow from US $ 456 million in 2023 to US $ 680 million in 2028, driven by a young population and changes in fatherhood.
The pet food sector in Peru shows remarkable dynamism. According to a Euromonitor report, this market is expected to generate US $ 456 million in 2023, it will reach US $ 680 million in 2028. This growth is mainly attributed to the increase in Young population and the tendency to postpone fatherhood.
It is also estimated that within a period of three years, the population of pets In the country it will reach 10 million, which will reaffirm the constant growth of this sector. Next, we tell you more details about the budget that is destined to the welfare of pets.
How much do Peruvians spend on the care of their pets?
A study by flanqueo indicates that eight out of ten Peruvians invest approximately s/200 per month in the care of their pets. For this reason, the food item is expected to experience a notable increase in three years, due to the considerable amount that comes from the family budget for pets.
The food market has experienced a remarkable transformation, evidenced by growing interest in high quality products. The Premium and Super Premium options have become increasingly popular, where the preference for natural ingredients and specialized production methods, as noted by Palo Alto Foods.
What are the benefits of having pets for Peruvians?
The relationship between human beings and their pets has revolutionized not only the market, but also the quality of life of its owners. A study by Ipsos Peru reveals that 44% of Peruvians believe that having a pet helps to reduce stress. In turn, a similar percentage argues that the presence of an animal at home enhances people’s emotional well -being.
The responsible possession of pets It drives a more dynamic lifestyle. In Peru, 52% of animal owners said that it frequently leads their pets to walk, which not only encourages exercise, but also strengthens the connection between well -being and physical activity.
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Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
