The pet food industry in Mexico will experience a growth of 3.29 billion dollars in 2024 and is expected to reach 4.85 billion dollars by 2029, according to data from the consulting firm Mordor Intelligence.
In view of this situation, companies such as Mars Petcare have taken new measures, such as the announcement of the first expansion of its production plant in the Mexican state of Querétaro, with an investment of 195,000 dollars.
The company’s growth is closely related to the 18.8% increase between 2017 and 2022 in pet food consumption in the country, which is why they have seen the need to have 14 additional production lines, of which 8 are already in operation, thus growing fourfold in capacity.
“This achievement complements the previous ones, since today Mars Petcare in Querétaro already holds the title of the largest and most efficient dry food plant for Mars (…) More than seventy products will be produced in this plant, making it an exemplary case in the industry,” said the director of Manufacturing of Mars Pet Nutrition Mexico, Mauricio Espinosa.
Pet food for all of America
The dog food segment leads the market with a value of 2.29 billion dollars in 2022, while the cat food segment is also expected to experience growth due to the increase in its population.
Mars Petcare has another wet food plant in Jalisco, an entity located in western Mexico, and together with the new production lines in Querétaro, they will be the key spaces to satisfy local, national and rest of America demand.
“This will allow our business in Mexico to consolidate itself as an export hub for Mars Petcare, by expanding our impact in both the local and export markets, showing the strength and quality of the Mexican industry,” he said.
As the director of Manufacturing for Mars Pet Nutrition Mexico points out, the objective is to cover other countries in America, a market that reached 10.2 billion dollars in 2022 and the market value is projected to reach 14.2 billion by 2028, according to the latest report from IMARC Group.
The new plant will include energy optimization and water saving systems, through the reuse of rainwater and advanced treatment, which together allows more than 80% of it to be reused.
Finally, the new operations center will become a sustainable facility by operating with 100% renewable electricity from the wind farm in Dzilam Bravo, located in the southern state of Yucatan.
Source: forbes
