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PUNE, India, September 19, 2022 /PRNewswire/ — Decipher the market published its latest report, “Indian pet and pet care market” Size, Statistics, Growth Trend Analysis and Forecast Report, 2022-2032″. The research estimates the Pet Care market size at RNI 74,000 Crores in 2022 and predictions to reach the INR 210,000 Crores by 2032increasing to one CAGR of 19.2% from 2022 to 2032. The fastest growing sectors are pet food, which captures two-thirds of market revenue, followed by pet accessories, grooming and healthcare. India’s pet care industry is expected to grow at a rapid pace, encouraging companies like Emami and Nestlé to enter the sector. This research includes every product and service market within the pet care industry.
Get detailed research information: https://www.marketdecipher.com/report/india-pet-care-market
“Market Decipher has completely overhauled the massive pet care industry database covering over 100 products. The latest insights and forecasts have revealed new areas of profitability. Market insights have also highlighted some sectors of the market otherwise considered gray.India is one of the fastest growing pet care markets in the world.The Indian pet care market is expected to reach a value of 210,000 crore by the end of the forecast period at a CAGR of 19.2%, due to the increase in nuclear families, dual-income households, lifestyle changes, urbanization and the increase in the number of pet owners. A number of people during lockdown have filled their void by adopting a pet. This trend during the pandemic has seen an increase in demand not only from metros but also from Tier II and III cities” – Chandradeep Singh (analyst at Market Decipher)
Pet care products help provide nutritional and pharmaceutical care to pets. As people accept pets, the emergence of non-food pet care products, including shampoos and toys, is making its way into the market. The pet care industry has expanded into the pharmaceutical and nutraceutical industries with the inclusion of medical care products like shampoos and collars that provide resistance against infection. The ever-developing market has led to the emergence of wellness centers and spas, grooming centers and veterinary clinics to provide a premium pet experience that enhances the lives of pets.
The Indian pet food industry is worth approximately $498 million in 2021
The Indian pet food market is dominated by foreign brands, namely Mars International and Royal Canin France. Mars International manufactures pet food under its global brands Pedigree and Whiskas. Royal Canin France manufactures and supplies dog and cat food worldwide. The company produces more than 40 types of dry dog food and 20 types of dry cat food, developed for a variety of ages, weights, sizes and other factors. Many new companies are entering the market looking at the greatest potential in this industry. In the next few years, India is also expected to become a major exporter of pet products and accessories.
Fur and Fabulous: How the Pet Grooming Market is Growing
The rise of numerous pet magazines featuring attractive and well-groomed images of pets has contributed to the demand and spending on pet grooming products. Various online stores offer accessories ranging from the basics to the most elegant and luxurious. Major companies in the pet grooming market are Himalaya, PetVeda, Choostix, etc.
Pet Healthcare Market Grows Rapidly After Covid-19
With growing awareness of good health and welfare of pets, the segment of pet health care is also growing. Products such as multivitamins, supplements, eye and ear care products, dental/oral care products, diapers, etc. are some of the trending pet health care products in the market. Leading companies in the pet healthcare market are Zydus Cadila, Becky’s India, Hester AG, etc.
Get this search on https://www.marketdecipher.com/report/india-pet-care-market
Pet Products Sales Channel: Online Sales at Boom
The easy availability of pet care products is a major pull factor for pet parents as they are available in supermarkets, online stores, pet stores, etc. With the organized sales channel and growing demand, the Indian pet care market is expected to witness robust growth. in the future. Even though the online store segment holds the smallest market share, it is expected to grow with the highest predicted CAGR of 32.11% during the forecast period. This pet boom has led to the creation of various pet startups across the country.
The main sales channels for pet products are Amazon, Heads Up For Tails, Flipkart, etc.
Heads Up For Tail is a delhipet sewing startup, it offers more than 1,000 products spanning 80 brands, including a private label organic grooming line, and a hugely popular selection of personalized dog collars, beds, wag tags and services grooming in 35 grooming centers in nine cities all over India.
Recent developments by companies:
- Nestlé has acquired the pet food business of Purina Petcare India.
- Emami recently announced their decision to invest in a pet care start-up called Cannis Lupus Services India.
- Mars Petcare India has announced an investment of ₹500 crore for the expansion of its Hyderabad pet food factory
- Cosmo Films, a leading provider of packaging, lamination and labeling solutions, has made a foray into the pet care industry with the ZIGLY brand.
Customize this report: https://www.marketdecipher.com/report/india-pet-care-market
Report details:
Number of pages: 192
Number of tables: 52
Number of tables and graphs: 44
Best Pet Care Product Researched
- Dry pet food
- Wet and canned pet food
- Snacks and treats
- veterinary diet
- Mass products
- Premium products
- herbal products
- Animal products
- boarding for pets
- Animal training
- Pet grooming
- Transport of animals
- pet walk
- Shampoos
- Grooming wipes
- Shower bath
- Paint brushes
- Toothpaste
- Tick repellent
Key takeaways from the report
- 2022 updates added to search with latest data
- India’s pet care market identified as a booming market
data (2020 & 2021) and forecasts from 2022 to 2032 for more than 100 products - Main investment pockets and risk analysis for each sector
- Pet Care Industry Breakdown Across All Product Types
- Analysis by product for India
- Detailed analysis of trends and market data for each sector and cross-sectional breakdown
- Impact of online sales channels and specialized pet stores
Global Pet Care Industry Report available upon request
Detailed searches can be obtained at https://www.marketdecipher.com/report/india-pet-care-market
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Contact :
David Correa
Deciphering Business Insights Pvt. ltd.
Zen Business Center,
wakad, Bombay– Banglore Highway,
Pune – 411057, Maharashtra
Website: www.marketdecipher.com
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SOURCE MarketDecipher.com
