The pet food industry grows and promotes new investments in Mexico

The pet food industry in Mexico will experience 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 light of this situation, companies like Mars Petcare have taken new measures, such as announcing the first expansion of their production plant in Querétaro, with an investment of 195,000 dollars. The company's growth is closely related to the 18.8 percent increase in pet food consumption in the country between 2017 and 2022, which has made it necessary to have 14 additional production lines, 8 of which are already in operation, thus growing their capacity fourfold. 'This achievement complements those already reached, as today Mars Petcare in Querétaro holds the title of the largest and most efficient dry food plant for Mars (...) More than seventy products will be manufactured in this plant, making it an exemplary case in the industry,' said the Director of Manufacturing at Mars Pet Nutrition Mexico, Mauricio Espinosa.

The dog food segment leads the market with a value of 2.29 billion dollars in 2022, while cat food is also expected to experience growth due to the increase in its population. Mars Petcare has another wet food plant in Jalisco, a state located in western Mexico, and along with the new production lines in Querétaro, they will be key spaces to meet local, national, and the rest of America's demand. 'This will allow our business in Mexico to consolidate itself as an export hub for Mars Petcare, by expanding our impact both in the local market and in exports, demonstrating the solidity and quality of the Mexican industry,' he assured.

As pointed out by the Director of Manufacturing at Mars Pet Nutrition Mexico, the goal is to cover other countries in America, a market that reached 10.2 billion dollars in 2022 and is projected to reach a market value of 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 rainwater reuse and advanced treatment, which together allows for more than 80 percent of it to be reused. Finally, the new operations center will become a sustainable facility by operating with 100 percent renewable electricity from the wind farm in Dzilam Bravo, located in the southern state of Yucatán. Source: allpetfood.net