New Market Report: Pet Products in Venezuela

Severe import restrictions negatively affect pet products, since most of the brands come from abroad. Importers of pet products are unable to maintain a steady offering of products whilst prices saw high growth. Not even pharmaceutical companies are awarded with foreign currency allocation, thus there is a shortage of pet healthcare products; a situation that greatly concerns pharmaceutical companies and pet owners. The outlook for 2015 indicates that import obstacles will remain, resulting in negative impact on the availability of imported brands.

Competitive Landscape

All players had the same problems in providing stable offer in 2014 since there was little change in the import regulations.

Industry Prospects

Pet products is expected to see positive growth over the forecast period. Increasing pet population and expected presence of more local brands will favour volume growth. Awareness campaigns and the influence of the mass media mean that the pet humanisation trend will support growing interest in pet products. As more local brands appear, overall quality and therefore unit prices will be lower than imported brands. At the same time, budgetary constraints in most households will limit purchases. Venezuelans are likely to focus household income on staple products as disposable income shrinks.

Full Report Details at
- http://www.fastmr.com/prod/1032301_pet_products_venezuela.aspx?afid=301

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Pet Products industry in Venezuela with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Pet Products industry in Venezuela, our research will save you time and money while empowering you to make informed, profitable decisions.

The Pet Products in Venezuela market research report includes:

* Analysis of key supply-side and demand trends
* Detailed segmentation of international and local products
* Historic values, company and brand market shares
* Five year forecasts of market trends and market growth  
* Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

* What is the market size of Pet Products in Venezuela?
* What are the major brands in Venezuela?
* What are the key product launches?
* How have worming and flea product fared against other products within pet healthcare?

Reasons to Get this Report

* Gain competitive intelligence about market leaders
* Track key industry trends, opportunities and threats

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