We brought a profile of the pet segment in the country, based on data produced and organized by Instituto Pet Brasil.
Last year's balance, released by IPB (Instituto Pet Brasil), based on the performance of the pet market until December 31, shows that the sector's revenue grew by 16.4% in 2022, reaching R$ 60.2 billion. This mark surpasses the previous projection, made based on data from the third quarter, which was 15.8% (R$ 59.9 billion).
IPB, an institution that has been stimulating the development of the Brazilian pet sector for ten years, publishes annual revenue projections every quarter. Consolidated revenue for the year is released at the beginning of the following year. Consolidated turnover for 2021 was R$ 51.7 billion, an increase of 27% compared to 2020, which recorded a turnover of R$ 40.9 billion, as reported by IPB. Nelo Marraccini, president of the IPB Advisory Board, highlights that growth followed the sector's trend for 2022. “There was already an expectation of an even greater acceleration in the second half of the year, with the improvement in inflation and Gross Domestic Product in the country. The numbers presented at this closing confirmed this expectation”, he declared.
PET RETAIL GROWS BY 16.4% IN 2022, A YEAR OF RESILIENCE AND CHALLENGES FOR THE SECTOR
In the survey released (January to December), the Pet Food segment, which refers to the sale of processed food for pets, ended the year with revenues of R$ 33.7 billion (56% of the total). The largest segment of the Pet Sector, with revenue corresponding to more than half of the entire sector, had the second highest growth, behind only Pet Care, which increased 20%.
Next, the sale of pets directly from breeders is projected to generate R$ 6.3 billion (10.4% of total revenue, representing an increase of 11.3% compared to 2021). In third place is the Pet Vet segment, which encompasses the sale of veterinary medicines, with a turnover of R$ 5.9 billion (9.9% of total market turnover and a projected increase from 11% in the first half to 12 ,5%).
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