Dublin – (work wire) – “Chile pet care market size, share and analysis, by category (dog food, cat food, other pet food, cat litter, pet health care, pet food supplement etc.), by type of pet food (food Dry, wet food, pet food) outlook and opportunities, 2021-2025″ report added to ResearchAndMarkets.com an offer.
The Chilean economy was in a weak position and experienced an economic contraction of more than 4% in the quarter prior to the onset of COVID-19 and the pandemic severely affected the country, especially in the first half of 2020.
According to the Central Bank of Chile, the country experienced negative GDP growth of more than 5.8% in 2020. This triggered the launch of a fiscal stimulus package from the government with the announcement of a stimulus package of USD 11.8 billion (4.7% of GDP) To address the economic implications of this. COVID-19 pandemic in 2020.
The package focused on three main pillars: strengthening the healthcare system, implementing measures to protect against and reducing income loss, and providing support to small and medium-sized businesses through tax measures. These measures helped the economy record a recovery, and GDP growth is expected to grow from 4.75% to 6.25% for 2021.
The impact of the pandemic has been felt across all industries, however, consumer goods and pet care have shown resilience and generated positive growth, and as the economic outlook improves, the pet care industry will remain attractive.
Pet care in Chile is gaining more:
According to this report, the pet grooming industry has continued its growth momentum despite challenges like the COVID-19 pandemic and lower GDP growth.
According to the Chile Agriculture and Livestock Service, as of 2021, the Chilean government has authorized and registered 147 new imported pet food products in the domestic market. Of these, 69% are dog food and the remaining cat food. The country’s pet care industry is benefiting from the humanization of pets and low birth rate trends and has recorded year-on-year growth of over 5% in 2020.
In terms of sector performance, dog treats and cat treats outperformed wet and dry dog and cat food chips as with continued work from home, pet owners spent more time with their pets and ended up rewarding their pets with more premium products and thus helping deal with registration Higher year-over-year growth in 2020.
New product launch:
Chile saw the launch of 8 new products in the dog and cat food category with dog food acquiring more than 62% of these products. In the cat food category, Champion SA has launched a new cat food under the brand Champion Cat Naturals that contains 35% of high-quality protein and essential amino acids for the development of the cat’s body. The new launch is aimed at cat owners who are keen on feeding their cats premium products.
The premium dog food brand Cannes has benefited greatly over the years with a presence in the dry and wet dog treats segment and has nearly doubled its share of value on the back of strong growth in the premium dry dog food segment which is very popular among Chilean dog owners.
Global giants Mars and Nestle Purina together dominate the pet food market in the country in 2020. Other notable pet food companies include Empresas Carozzi SA, Champion SA etc.
E-Retailer Registry Growth:
Chile remained on lockdown from March 2020 to September 2020, and this resulted in an increase in online sales of pet food as well as sales through brick-and-mortar stores especially in the first and second quarter of 2020. Pet owners preferred to stay away from large modern retailers Out of fear of the epidemic, he chose local pet stores instead.
This trend is likely to continue because according to our internal consumer survey in Chile, more than 51% of online shoppers said they would continue to purchase pet food from online retailers in the post-pandemic period as well.
Main topics covered:
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Global Pet Care Market Prospect
4.1 Global Pet Care Market Size, by Value and Volume
4.2 Global Pet Food Company shares
5. South America Pet Grooming Market Forecast
5.1.1. South American region share, by value
5.1.2. South America Pet Care Market Size, by Value and Volume
5.1.3. Share of the South American Pet Food Company, by value
6. Chile pet grooming market prospects
6.1 Market size and forecast, by value and volume
6.1.1. Dog food category size by value and size
22.214.171.124. Dog food segment (dry dog food, wet dog food, dog treat), by value and volume
6.1.2. Cat food category size by value and size
126.96.36.199. Cat food section (dry cat food, wet cat food, cat treat), by value and size
6.1.3. Cat litter category size, by value
6.1.4. Pet care category size by value
6.1.5. Other pet food category size, by value
6.1.6. Pet food supplement category size, by value
6.1.7. Other pet product category size, by value
6.2 Pet food company share, by value
6.3 Pet care distribution channel share, by value
7. Dynamics of the pet grooming market in Chile
8. Pet care trends in Chile, opportunities and developments
9. Chile Pet Care Policy and Regulatory Landscape
10. A Glimpse into the Macroeconomics of Chile
11. Competitive landscape
11.1. Mars company
11.2. Nestlé Purina
11.3. Empresas Carozzi SA
11.4. He was
11.5. SA . Champion
12. Strategic recommendations
For more information on this report, visit https://www.researchandmarkets.com/r/gw6d85