Research and Markets added a new pet industry report, "Latin American Pet Care: The Rise of Emerging Markets," to its offerings.
The report from Euromonitor International says that the retail values in Latin America's pet care market are growing faster than any other region. In 2016, Brazil is projected to pass Japan as the world's second largest pet care market, behind the US.
The report covers petfood and pet products with market sizes (historic and forecasts), a country focus, future market opportunities and challenges, future prospects and more. The "Latin American Pet Care: The Rise of Emerging Markets" report can be purchased online.
The mid-year meeting addressed several regulatory matters affecting petfoods
It gives more direct control to CVM in establishing and maintaining ingredient definitions
Committees discussed key proposals such as a possible shift in the oversight of animal feeds
While petfood shoppers continue to show strong brand loyalty, pet products have not been immune to the store brand swing
Read more of Dr. Mukund Parthasarathy's insights on the changing petfood retail market and how it affects petfood manufacturers large and small
Now is the time for packagers, producers, marketers and manufacturers to capitalize on the traveling with pets trend
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