Author: Alberto Trueba

Latin America is emerging as one of the most dynamic regions for the pet care industry worldwide. It is expected to rank second in terms of per capita expenditure growth during the forecast period (2023-2028), with an annual growth rate of 5% at constant prices. Although the region’s average spending still lags behind advanced markets, its steady growth is remarkable, highlighting the increasing relevance of pets to Latin American families. Furthermore, Latin Americans’ average spending on pets exceeds the global average by 22%. This explosive growth is in line with a series of trends that are changing the…