Peru: Peru’s Rising Import Demand for U.S. Pet Food
An emerging middle-class and growing incomes are driving pet food consumption by Peruvian pet owners. In calendar year (CY) 2015, Peru produced 37,000 metric tons (MT) of dog and cat food, less than the country’s total consumption of 53,700 MT. During 2016 pet food consumption will grow about seven percent to 58,000 MT, making Peru a $165 million market for pet foods. In 2015 U.S. companies sold over 4,000 MT of pet food in Peru, valued at $7.6 million, second only to Argentina in terms of quantity and value. FAS Lima estimates that by 2020 the pet food market will reach 78,000 MT. The U.S. industry has an opportunity to continue pet food sales growth in Peru.
