The South America Companion Animal Health market is estimated to grow at a CAGR of XX% in the forecasted period to reach a market value of USD XXmillion by 2026 from an initial market value of USD XXmillion in 2018.
Market Drivers:
Increasing number of companion animal ownership is boosting the market growth for the companion animal healthcare market. Developing economies and rising disposable income is one of the prime cause for increased pet ownership within South American region. Changes in the distribution channel are hampering the market growth. Companion animal owners have changed their purchase pattern and shifted the focus towards internet-based retailers, retail stores, or other over-the-counter distribution channels.
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