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*The Mexican pet food market increased by 18.8% between 2017 and 2022. It is estimated that the size of the Mexican pet food market will reach $3.29 billion in 2024, and it is expected to reach $4.58 billion in 2029.
This growth is associated with the changing economic and social landscape of the country, which has led to an increase in pet ownership and a boost in the demand for pet food.
In addition to the growth in pet ownership, there are also more owners who are concerned about and pay attention to the properties of the food their animals consume. Numerous studies confirm that both the quality and the label confirming that it is produced with natural ingredients influence 53% of people when buying food for their pets.
All of this has led to an increase in the number of companies that have joined a pet food sector that focuses on intestinal health and the quality of the components of these foods.
One of the ingredients that is increasingly being incorporated into the production of these foods is agar. Among the reasons is the fact that this vegetable hydrocolloid provides the natural fiber that our furry companions need, but the main benefit is that it allows for the creation of a nutritionally balanced product tailored to their needs, maintaining a texture and consistency that is appealing to pets.
*source: https://www.mordorintelligence.com/es/industry-reports/mexico-pet-food-market
