India Pet Care Products Market to Grow at a CAGR of 23.7% During 2024-2032, Driven by the Growing Trend of Pet Ownership

In India, the pet population is estimated to be 19 million, with about 65% of the pet owners aged between 20 and 40 years. India is witnessing a greater acceptance of pets, particularly cats and dogs. Pet ownership is significantly rising in India, due to the changing lifestyles, rising disposable incomes of families, expanding middle-class population, rapid urbanisation, delayed parenthood, and rising elderly population. Furthermore, the growing number of nuclear families across India keeping pets as companions is contributing to the India pet care products market growth.

Premium and natural pet foods devoid of genetically modified organisms, artificial colours, and flavours, are increasingly being purchased, particularly by the younger generation. Companies are significantly capitalising on this trend by introducing superior-quality pet food options with proteins and vitamins to maintain healthy skin, digestive health, and several other benefits.

There is a growing number of individuals seeking veterinary advice and regular checkups for pets, leading to the trend of pet humanisation. Hence, pet parents are investing in pet grooming products such as shampoo and conditioner, brushes, combs, hair and nail trimming tools and healthcare products to a greater extent.

Furthermore, the expansion of the various distribution channels, including online channels, is catering to the market growth. Companies such as Amazon.com Inc (NASDAQ: AMZN) provide a wide variety of brands of pet care products such as Mars Petcare, Inc., Nestlé Purina PetCare, Himalaya, and Drools.

The entry of various companies in the pet care segment is also favouring the market growth. For instance, in December 2022, Mankind Pharma launched its pet food brand, PetStar Dog Food, announcing its entrance into the pet care segment. Through the brand, the company aims to provide dry food, treats, and gravy products, that are manufactured according to the quality and safety standards of BRCGS (British Retail Consortium Global Standards).

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Market Analysis by Pet Population, Pet Food, Pet Grooming Products and Pet Nutraceuticals:

• The market report has been divided into sections such as pet population, pet food, pet grooming products, and pet nutraceuticals.

• The report analyses the pet population market based on pet type and region. Different categories of pet types include dogs and cats.

• The India pet food market has been analysed on segments including food type, pet type, price category, distribution channel, and region. Pet type is segregated into cat food and dog food. Based on price category, the market is divided into economic range, mid-range, and premium range.

• The report analyses the pet grooming market based on product type, shampoo type, distribution channel, and region.

• The India pet nutraceutical market is analysed based on distribution channel and region.

• The major regional markets for pet care products in India include North India, South India, West India, and East India.

Key Findings of the Report:

• The expanding pet population in India, fuelled by a rising middle-class demographic and growing disposable incomes, is bolstering the India pet care products market demand.

• Pet humanisation is propelling the market, leading to a heightened demand for premium pet care products.

• The expansion of supermarkets and hypermarkets, pet stores, and online stores are increasingly offering pet care products, contributing to the market growth.

• Pet owners are increasingly seeking brands and products that are environmentally sustainable and ethically made.

Key Offerings of the Report:

• The EMR report gives an overview of the India pet care products market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the pet population, pet food, pet grooming products, and pet nutraceuticals.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the India pet care products market are Mars Incorporated, Purina, Terrai Natural Products, Glenand Group, Petacom, Petkin inc, Wahl Clipper Corporation, Orange Pet Nutrition Pvt Ltd, and Petbuddy Products Pvt Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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