Despite the strong growth in demand recorded since the beginning of the pandemic, the pet food industry expects to face a scenario of more inflation in 2022.
Abinpet (Brazilian Association of Products for Pets) talks about the difficulty to pass on the increase in costs.
The 2021 result calculated by the association points to growth in the category of around 33%, but it already shows a lag in relation to the increase in raw material prices, around 40%, which cover corn, rice, wheat and protein flour. animal.
“The industry started 2022 to recover profit margins. January continued to grow, with a rise of 6.5%, and February followed in the same line. But, given the conflict in Ukraine, we are concerned that the raw material will have an equal increase to the pandemic”, says the executive president of Abinpet, José Edson Galvão de França.
“If this occurs, it should worsen the situation of many companies. They will need to choose between passing on less costs and paying for the loss or passing on more and losing market”, says França.
The complete industrialized pet food represents 78% of the pet market revenue, according to the entity.
Joana Cunha with Andressa Motter and Ana Paula Branco
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