Brazil: Paw-sitive Outlook for the Pet Food Industy in Brazil

For every five people in Brazil, there are four pets. Despite challenging economic scenario, the pet food industry – which encompasses pet food, pet accessories, and pet medication – continues to expand, making Brazil the third-largest fastest growing pet industry market in the world. Heavy taxation impacts the industry, which is hoping to address this issue through tax reform. Forthcoming changes in product registration legislation are expected to improve the scenario for U.S. players. In 2023, Brazil imported US$ 12.25 million in over 3 thousand tons of dog and cat food, with the United States being the fourth-largest supplier.