Latin America Pet Wearables Market

Latin America Pet Wearable Market Size (2024-2029):

The Latin America Pet Wearable Market is estimated to be USD 0.20 billion in 2024 and is projected to reach USD 0.38 billion by 2029, at a CAGR of 13.35% from 2024 to 2029.

Market Scenario

Pet wearables are electronic devices that produce information about their pet's conditions and situations, such as pet food intake, to investigate their wellbeing and prosperity. These gadgets empower actions like monitoring heart and respiratory rates alongside rest patterns and the calories their pet consumes.

The Latin American Pet Wearables Market is anticipated to grow significantly by 2026. The growth of the target market in this region is attributed to the rising concern of people about the health of their pets, rising the people inclination towards the adoption of pets as their companions for mental stability, and the rising trend of humanization are some of the key drivers that are propelling the growth of the pet wearable markets in Latin America region. In most of the surveys done in this region by various BlueCross societies such as PETS international, dogs are the most preferred pets in the Latin America region, making the manufacturers of pet wearables in this region develop their products in the way that is most beneficial to dogs.  

Market Drivers and Restraints

The key drivers driving the pet wearables market in Latin America are an increase in people's concerns about their pet's health, a growing trend of adopting pets as their companions for their mental stability, and rising humanization in countries like Mexico.

Also, the strong humanization trends coupled with the changing lifestyle and the concern regarding monitoring pet’s health are the other major factors that are estimated to boost the growth of the target market in this region during the forecast period.

Market Segmentation

Latin America Pet Wearable Market Analysis By Product Type 

• Smart Collar
• Smart Camera
• Smart Harness & Vest
• Tags

Latin America Pet Wearable Market Analysis By Technology Outlook 

• GPS
• RFID
• Sensors

Among all these technologies, the GPS segment dominated the market share in this region followed by RFID owing to the reference of the people in Latin America.

Latin America Pet Wearable Market Analysis By Application 

• Identification & Tracking
• Monitoring & Control
• Medical Diagnosis & Treatment
• Facilitation
• Safety
• Security

Geographical Analysis

• Brazil
• Mexico
• Argentina
• Chile
• Rest of LATAM

In the regional analysis of the Latin America Pet Wearables Market, Mexico and Brazil countries is the leading major share of the market in terms of revenue. By default, Mexico is among the top 10 countries with the highest rate of pet adoption globally which is creating great opportunities for the growth of the demand for the pet wearables in this country.  And Brazil and Chile are following Mexico in the market growth. Chile alone has the adoption rate of more than 54% of the household owning a dog.

Market Key Players

The Key Players of the Latin America Pet Wearables Market includes Whistle Labs (US), PetPace (US), Garmin (US), FitBark (US), Tractive (Austria), Link AKC (US), Motorola (US), Num’Axes /EYENIMAL (France), KYON (Greece), Scollar (US), GoPro (US), and Felcana (UK) and among others.

Market Recent Developments

• PetPace and ASPCA insurance are partnered to promote the smart collar to customers and veterinarians by the usage of them getting covered by pet health insurance in certain cases.

• Garmin is expanding its portfolio in GPS navigation Portfolio by rolling out an all-terrain GPS motorcycle navigator, Zumo XT, to strengthen its navigation offerings.