India Pet Care Market to reach 210,000 Crores by 2032; a 19.2% CAGR Growth: Says Market Decipher

Pune, India, September 19, 2022 /PRNewswire/ — decipher market has published its latest report, India pet market and pet careSize, stats, growth trend analysis and forecast report, 2022 – 2032″. The research estimates the size of the Pet Care market in USD 74,000 crore in 2022 and forecasts to reach INR 210,000 crores by 2032growing to a CAGR of 19.2% during 2022 to 2032. The fastest growing sectors include pet food, which captures two-thirds of market revenue, followed by pet accessories, grooming, and healthcare. The Indian pet care industry is set to grow at a fast pace, prompting companies like Emami and Nestlé to enter the sector. This research includes each and every market for products and services in the pet care industry.

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“Market Decipher has completely overhauled the huge pet care industry database covering over 100 products. The latest insights and forecasts have revealed new areas of profitability. Market insights also shed light on some sectors of the market.” market that would otherwise be considered gray India is one of the fastest growing pet care markets in the world India’s pet care market is expected to grow to a value of 210,000 crores at the end of the forecast period at a CAGR of 19.2%, due to the rise in nuclear families, dual-income households, lifestyle changes, urbanization, and increased pet ownership. Several people during lockdown filled their void by adopting a pet. This trend during the pandemic saw an increase in demand not only from metros but also from Tier II and III cities” – Chandra Deep Singh (Analyst at Market Decipher)

Pet care products help provide nutritional and pharmaceutical care for household pets. As people become pet-friendly, the emergence of non-food pet care products, including shampoos and toys, is making its way onto the market. The pet care industry has expanded into the pharmaceutical and nutraceutical industries along with the inclusion of medical care products such as shampoos and collars that offer resistance against infection. The ever-developing market has led to the emergence of wellness and spa centers, grooming centers and veterinary clinics to provide a premium experience for pets, which improves pets’ lives.

The Indian pet food industry is worth approx. $498 million in 2021

The Indian pet food market is dominated by foreign brands, namely Mars International and Royal Canin Spain. Mars International is engaged in the manufacture of pet food under its global brands Pedigree and Whiskas. Royal Canin Spain manufactures and supplies cat and dog 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 jumping into the market looking for the greatest potential of this industry. In the coming years, India is also expected to become a major exporter of pet related products and accessories.

Fur and Fabulous: How the Pet Grooming Market is Growing

The rise of numerous pet magazines containing attractive images of well-groomed pets has contributed to the demand for and spending on pet care products. Various electronic stores offer accessories ranging from the basic to the most elegant and luxurious. The key companies in the pet grooming market are Himalaya, PetVeda, Choostix, etc.

Pet Healthcare Market Experiencing Accelerated Growth Post-Covid-19

With increased awareness of the good health and wellness of pets, the pet health care segment is also expanding. Products such as multivitamins, supplements, eye and ear care products, dental/oral care products, diapers, etc. are some of the pet health care products that are trending in the market. The key companies in the pet health market are Zydus Cadila, Becky’s India, Hester AG, etc.

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Pet Products Sales Channel: Online Sales in Boom

The easy availability of pet care products is a major pull factor for pet owners as they are readily available in supermarkets, online stores, pet stores, etc. With the organized sales channel and rising demand, the Indian pet care market is expected to see strong growth. in the future. Even though the online stores segment has the lowest market share, it is expected to grow with the highest anticipated CAGR of 32.11% in the forecast period. This pet boom has led to the emergence of several pet startups across the country.

The key channel for the sale of pet products are Amazon, Heads Up For Tails, Flipkart, etc.

face to face is a DelhiHaute couture startup for pets, offers more than 1,000 products spanning 80 brands, including a private-label organic grooming line and a hugely popular selection of custom dog collars, beds, movement tags and grooming services at 35 locations toilet in nine cities. throughout India.

Recent developments by companies:

  • Nestlé acquired the pet food business of Purina Petcare India.
  • Emami recently announced its decision to invest in a new pet care company called Cannis Lupus Services India.
  • Mars Petcare India announced that it will invest ₹500 crores for the expansion of its Hyderabad pet food factory
  • Cosmo Films, a leading provider of packaging, laminating and labeling solutions, entered the pet care business under the ZIGLY brand.

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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
  • plant-based products
  • animal based products
  • pet boarding
  • pet training
  • pet grooming
  • pet transport
  • Pet walk
  • shampoos
  • toilet wipes
  • bathroom shower
  • brushes
  • Toothpaste
  • tick repellent

Key takeaways from the report

  • 2022 updates added to research with latest data
  • India’s pet care market identified as a booming market
    data (2020 and 2021) and forecast from 2022 to 2032 for more than 100 products
  • Key investment exchanges and risk analysis for each sector
  • Breakdown of the pet care industry 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 report on the pet care industry available on request

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SOURCE MarketDecipher.com

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