Changes in behavior over the years have greatly interfered with people’s relationship with pets. As a result, these transformations reflect on the growing power of the pet sector.
Today, for example, Brazil has about 170 million pets, with more than 67 million dogs and about 33 million cats.
These data were taken from ABINPET- Brazilian Association of the Pet Products Industry, and show how much the growth of the pet sector is evident here in Brazil.
Therefore, read on to find out how this bond translates into expressive numbers.
Pet Market and the Relationship with the Population Explosion of Dogs and Cats
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The pet market is growing in Brazil and worldwide.
Data from ABINPET reveal that Brazil is the third largest pet sector in the world. With more than 285,000 companies dedicated to caring for our furry friends, and more than 170 million pets, this explosion in the dog and cat population is a testament to the role they play in our lives.
Comparing the number of pets in Brazil with the population of other countries, such as Portugal, Chile and Canada, we realize that Brazilians not only welcome pets into their homes, but consider them an integral part of the family.
In Portugal, for example, there are more than 10 million inhabitants in the national territory, according to a report by the European Union Statistics Office, Eurostat.
In addition, Chile and Canada have, respectively, more than 20 and 39 million inhabitants.
A relationship that makes us rethink how much Brazilians value the journey of care and companionship with pets.
Understand the Growth of the Pet Sector in Brazil
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Pet population and the country’s economy.
Primarily, know that the growth of the pet market in Brazil is a significant economic force. Do you know why?
According to the Brazilian Association of the Pet Products Industry (Abinpet), the pet products industry is expected to end 2023 with an 11.6% growth in its revenue, with a value of R$ 46.8 billion.
And fortunately, Labovet, with almost 33 years of experience, proudly contributes to this ecosystem by offering high-quality veterinary products .
Animal Health and Welfare Contribute to the Growth of the Pet Sector
As the pet market grows, there is a notable increase in focus on animal health and welfare.
In this way, Labovet leads this mission, providing vaccines, pharmaceuticals, antiparasitics and hygiene care to deliver a healthy life to our furry friends.
Revenue Projections
Projections for the pet market continue to rise, after all, it is expected to represent 15% of the industry’s revenue, showing a growth of 16% compared to 2022. Above all, Labovet is committed to further strengthening animal health and welfare care.
In summary, we embrace the positive influence of the pet market in our lives, we remember that, behind these impressive numbers, there is a journey of care and companionship. Therefore, Labovet will continue to be a strong voice in animal care, health and welfare.
