India Pet Market Assessment, Pet Product Market [By Pet Type (Dog, Cat, Bird, Fish, Tortoise, Others), By Pet Ownership Type (Gen Z, Millennial, Gen X, Baby Boomer, Builder), By Product Type (Food, Apparel & Accessories, Health & Wellness, Others), By Point of Sale (E-Commerce-Mobile Device, Web/Laptop/PC; Pet Shops; Supermarkets/Hypermarkets; Specialty/Brand Stores; Others)] Pet Service Market [By Service Type (Grooming, Health & Wellness, Training, Entertainment, Boarding & Walking, Others), By Point of Sale (Online; Offline-Pet Cafes, Veterinary Clinics, Training and Grooming Centres, Others)], By Region, Opportunities, and Forecast, 2017-2031F

The India Pet Market, in terms of pet products and services, has experienced an escalation in recent years and reached a value of USD 9.95 billion in FY2023.

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The India Pet Market, in terms of pet products and services, has experienced an escalation in recent years and reached a value of USD 9.95 billion in FY2023. The market is showing signs of growth owing to the increase in the number of pets and pet owners' incomes. Pet care means something different to every pet parent, but at its core, it covers pets’ health, apparel & accessories, grooming, training, and nutritious food, and entertainment.

The market is anticipated to witness a CAGR of 5.65% during the forecast period and is estimated to reach USD 14.62 billion by FY2031 on account of rising elementary family set-ups, pet humanization, change in perceptions towards pet ownership, double-income households, urbanization, and increasing awareness of pet food & management. Furthermore, India pet market is driven by human health and emotional benefits. Pet companionship reduces anxiety, stress, and depression, and even improves cardiovascular health. Quality exercising with pets not only boosts dopamine and serotonin but lowers triglyceride and cholesterol levels. Pet owners get to socialize with new people in pet stores, training classes, and medical places, therefore pets are considered as a social lubricant for their owners.

Pet Humanization Has Resulted in Pet Premiumization

The concept of treating pets as a human is called pet humanization. Growing focus on sustainable products, organic food, and naturally sourced ingredients boosts pet industry revenue, and for that reason pet parents seek higher quality goods and luxurious accessories. Product marketers are sharpening their emphasis on their portfolios to meet customized pet owners’ demands like customized beds, grooming products, chic leashes, and collards. New profitable segments have been discovered because of the most recent insights and projections. Additionally, food players focus is to build premium-level, human-grade, organic, hypoallergenic, and holistic pet food for their customers.

Burgeoning Opportunities in India Pet Market

The robust growth of the pet market provides a lot of employment opportunities along with increasing the country's revenue with many entrepreneurs opting to join the recession-free pet industry. Numerous start-ups in pet healthcare, specialty pet food, pet insurance, and related fields are competing for pet parents' attention with their unique products and service offerings. For instance, Heads up for Tails (Delhi), Licks and Crunch (Indore), Captain Zack (Mumbai), Dogsee Chew (Bengaluru), etc are some budding startups with the mission to create a personalized journey for pets in different segments.

Impact of COVID-19 on India Pet Market

COVID-19 has negatively impacted many industries, but the Pet industry is an exception. People were experiencing stress and anxiety at the time of the pandemic, due to which there was a rise in demand for pets and increased adoption rates. Restrictions in mobility and remote working trends have increased the demand for pets. Due to the outbreak, many related industries such as pet food market witnessed significant growth owing to the transition towards packaged food products. Moreover, during these times, empathy level of people towards pet increased and this trend seem to continue.

India Pet Market Assessment, Opportunities and Forecast, FY2017-FY2031: Report Scope

India Pet Market Overview, FY2017-FY2031F”, is a comprehensive report by Market Xcel, providing in-depth analysis and assessment of the market, industry dynamics and challenges. The report includes market size, segmental shares, growth trends, COVID-19 impact, opportunities and forecast between 2024 and 2031. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.

Report Attribute

Details

Base Year of the Analysis

FY2023

Historical Period

FY2017-FY2022

Forecast Period

FY2024-FY2031

Market Size in FY2023

USD 9.95 billion

Projected Growth Rate

CAGR of 5.65% from FY2024 - FY2031

Revenue Forecast in FY2031

USD 14.62 billion

Units

Revenue in USD Billion and Volume in Thousand Units

Segments Covered

All the segments would be covered separately as per Pet Products and Pet Service Market

India Pet Product Market:

By Pet Type

By Pet Ownership Type

By Product Type

By Point of Sale  

India Pet Service Market:

By Pet Type

By Pet Ownership

By Service Type

By Point of Sale

Regions Covered

East, West and Central, North, and South

Key Companies Profiled

Mars International India Private Limited, Nestlé India Limited (Purina Petcare India Pvt. Ltd.), Petsy Stores Private Limited (PetVeda), Himalaya Wellness Company, Royal Canin India, Eagle Pack Pet Foods, Inc., Blue Buffalo Co., Ltd., Emami Limited, Drools Pet Food Pvt. Ltd., Schell & Kampeter, Inc (Diamond Pet Foods)

Customization Scope

15% free report customization with purchase.

Pricing and Purchase Options

Avail the customized purchase options to fulfil your precise research needs.

Delivery Format

PDF and Excel through email (subject to the license purchased).

Download Free Sample Report

 

In this report, India Pet Market has been segmented into the following categories: 

1.       India Pet Market, By Pet Type

1.1   Dog

1.2   Cat

1.3   Bird

1.4   Fish

1.5   Tortoise

1.6   Others

2.       India Pet Market, By Pet Ownership Type

2.1   Gen Z

2.2   Millennial

2.3   Gen X

2.4   Baby Boomer

2.5   Builder

3.       India Pet Market, By Product Type

3.1   Food

3.2   Apparel & Accessories

3.3   Health & Wellness

3.4   Others

4.       India Pet Market, By Service Type

4.1   Grooming

4.2   Health & Wellness

4.3   Training

4.4   Entertainment

4.5   Boarding & Walking

4.6   Others

5.       India Pet Market, By Point of Sale, By Product

5.1   E-Commerce

5.1.1    Mobile Device

5.1.2    Web/Laptop/PC

5.2   Pet Shops

5.3   Supermarkets/Hypermarkets

5.4   Specialty/Brand Stores

5.5   Others

6.       India Pet Market, By Point of Sale, By Service

6.1   Online

6.2   Offline

6.2.1    Pet Cafes

6.2.2    Veterinary Clinics

6.2.3    Training and Grooming Centres

6.2.4    Others

7.       India Pet Market, By Region

7.1   East

7.2   West and Central

7.3   North

7.4   South

Key Players Landscape and Outlook

International pet care brands are currently making a substantial breakthrough in the Indian Market due to the western market becoming saturated, thereby, creating a significant scope and commercial potential for the Indian market. For instance, in early 2022, Purina Petcare India Pvt. Ltd. (now acquired by Nestle India Limited) has recently started selling wet cat food under the Fancy Feast brand. Since 2017, the company has been focusing on marketing and sales of only dry food for pets under internationally renowned brands like Purina Supercoat, Purina Pro Plan, and Purina Friskies. Similarly, Kolkata-based Emami Limited has acquired 30% stakes in Cannin Lupus Services India, the owner of The Fur Ball Story brand in July 2022. The aim is to provide a natural ayurvedic range of solutions for pets, particularly dogs.

The market for pet food in India is led by Mars International India Private Limited followed by Royal Canin India. Pedigree Petfoods, Whiskas, IAMs are famous subsidiary brands of Mars Petcare Inc.

Key Players Operating in India Pet Market

·         Mars International India Private Limited

·         Nestlé India Limited (Purina Petcare India Pvt. Ltd.)

·         Petsy Stores Private Limited (PetVeda)

·         Himalaya Wellness Company

·         Royal Canin India

·         Eagle Pack Pet Foods, Inc.

·         Blue Buffalo Co., Ltd.

·         Emami Limited

·         Drools Pet Food Pvt. Ltd.

·         Schell & Kampeter, Inc (Diamond Pet Foods)

If you can't find what you're searching for or have any custom requirements for India Pet Market, you may approach our team at info@marketsandata.com

Table of Content

1.       Research Methodology

2.       Product/Service Overview

3.       Impact of COVID-19 on India Pet Market

4.       Executive Summary

4.1   Market Outlook

4.2   Products Outlook

4.3   Services Outlook

4.4   Distribution Channel Outlook

4.5   Source Outlook

5.       Voice of Customer

5.1   By Demographics

5.1.1         Gender

5.1.2         Age

5.1.3         Occupation

5.1.4         Income

5.2   Consumer Preferences

5.2.1         Pet Type

5.2.2         Purchase Channel

5.2.3         Care and Wellness

5.2.4         Food Preferences

5.2.5         Single Pet/Multi-Pet Owners

5.2.6         Facilities Requirements

5.3   Buying Behaviour Analysis

5.3.1         Factors Affecting Buying Decision

5.3.2         Frequency of Purchase (Products) /Subscriptions (Services)

5.3.3         Cost Analysis

5.3.4         Intent of Future Purchases (Products & Services)

5.4   Impact of Pet Ownership on Owners’ Life

5.5   Pain Areas of Pet Owners

6.       India Pet Market Outlook, FY2017-2031F

6.1   Market Size & Forecast  

6.1.1         By Value

6.1.2         By Volume

6.2   Market Share & Forecast

6.2.1         By Product

6.2.2         By Service

7.       India Pet Product Market Outlook, FY2017-2031F

7.1   Market Size & Forecast  

7.1.1         By Value

7.1.2         By Volume

7.2   Market Share & Forecast

7.2.1         By Pet Type 

7.2.1.1    Dog

7.2.1.2    Cat

7.2.1.3    Bird

7.2.1.4    Fish

7.2.1.5    Tortoise

7.2.1.6    Others

7.2.2         By Pet Ownership Type

7.2.2.1    Gen Z

7.2.2.2    Millennial

7.2.2.3    Gen X

7.2.2.4    Baby Boomer

7.2.2.5    Builder

7.2.3         By Product Type

7.2.3.1    Food

7.2.3.2    Apparel & Accessories

7.2.3.3    Health & Wellness

7.2.3.4    Others

7.2.4         By Point of Sale

7.2.4.1    E-Commerce

7.2.4.1.1          Mobile Device

7.2.4.1.2          Web/Laptop/PC

7.2.4.2    Pet Shops

7.2.4.3    Supermarkets/Hypermarkets

7.2.4.4    Specialty/Brand Stores

7.2.4.5    Others

7.2.5         By Region

7.2.5.1.1          East

7.2.5.1.2          West and Central

7.2.5.1.3          North

7.2.5.1.4          South

7.2.6         By Company Market Share (%), FY2023

8           India Pet Service Market Outlook, FY2017-2031F

8.1     Market Size & Forecast  

8.1.1         By Value

8.1.2         By Volume

8.2     Market Share & Forecast

          8.2.1 By Pet Type

8.2.1.1    Dog

8.2.1.2    Cat

8.2.1.3    Bird

8.2.1.4    Fish

8.2.1.5    Tortoise

8.2.1.6    Others

8.2.2               By Pet Ownership Type

8.2.2.1    Gen Z

8.2.2.2    Millennial

8.2.2.3    Gen X

8.2.2.4    Baby Boomer

8.2.2.5    Builder

8.2.3         By Service Type

8.2.3.1    Grooming

8.2.3.2    Health & Wellness

8.2.3.3    Training

8.2.3.4    Entertainment

8.2.3.5    Boarding & Walking

8.2.3.6    Others

8.2.4         By Point of Sale

8.2.4.1    Online

8.2.4.2    Offline

8.2.4.2.1          Pet Cafes

8.2.4.2.2          Veterinary Clinics

8.2.4.2.3          Training and Grooming Centres

8.2.4.2.4          Others

8.2.5         By Region

8.2.5.1    East

8.2.5.2    West and Central

8.2.5.3    North

8.2.5.4    South

9           India Pet Market Mapping, FY2023

9.1     By Product

9.2     By Service

10       Sentiment Value Analysis

11       Demand Supply Analysis

11.1  Products

11.2  Services

12       Market Dynamics

12.1  Porter’s Five Forces Analysis

12.1.2      Supplier Power

12.1.3      Buyer Power

12.1.4      Substitution Threat

12.1.5      Threat from New Entrant

12.1.6      Competitive Rivalry

13       Market Developments & Future Trends

14       Regulatory Policies & Legal Framework

15       Key Players Landscape

15.1  Competition Matrix of Market Leaders

15.2  Market Revenue Analysis of Market Leaders (in %, 2022)

15.3  Emerging Players and Substitutes

15.4  Mergers & Acquisitions/ Joint Ventures (If Applicable)

15.5  SWOT Analysis (Top Five Market Players)

16       Key Players Outlook

16.1  Mars International India Private Limited

16.1.1      Company Details

16.1.2      Key Management Personnel

16.1.3      Products & Services

16.1.4      Financials (As reported)

16.1.5      Key Market Focus & Geographical Presence

16.1.6      Recent Developments

16.2  Nestlé India Limited (Purina Petcare India Pvt. Ltd.)

16.3  Petsy Stores Private Limited (PetVeda)

16.4  Himalaya Wellness Company

16.5  Royal Canin India

16.6  Eagle Pack Pet Foods, Inc.

16.7  Blue Buffalo Co., Ltd.

16.8  Emami Limited

16.9  Drools Pet Food Pvt. Ltd. 

16.10             Schell & Kampeter, Inc (Diamond Pet Foods)

*Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work

17       Strategic Recommendations

18       About Us & Disclaimer

List of Figure_India Pet Market

Figure 1. India Pet Market, By Value, In USD Million, FY2016 - 2030F

Figure 2. India Pet Market, By Volume, In Thousand Units, FY2016 - 2030F

Figure 3. India Pet Market Share, By Product, In USD Million, FY2016 - 2030F

Figure 4. India Pet Market Share, By Product, In Thousand Units, FY2016 - 2030F

Figure 5. India Pet Market Share, By Service, In USD Million, FY2016 - 2030F

Figure 6. India Pet Market Share, By Service, In Thousand Units, FY2016 - 2030F

Figure 7. India Pet Product Market, By Value, In USD Million, FY2016 - 2030F

Figure 8. India Pet Product Market, By Volume, In Thousand Units, FY2016 - 2030F

Figure 9. India Pet Product Market Share, By Pet Type, In USD Million, FY2016 - 2030F

Figure 10. India Pet Product Market Share, By Pet Type, In Thousand Units, FY2016 - 2030F

Figure 11. India Pet Product Market Share, By Pet Ownership Type, In USD Million, FY2016 - 2030F

Figure 12. India Pet Product Market Share, By Pet Ownership Type, In Thousand Units, FY2016 - 2030F

Figure 13. India Pet Product Market Share, By Product Type, In USD Million, FY2016 - 2030F

Figure 14. India Pet Product Market Share, By Product Type, In Thousand Units, FY2016 - 2030F

Figure 15. India Pet Product Market Share, By Point of Sale, In USD Million, FY2016 - 2030F

Figure 16. India Pet Product Market Share, By Point of Sale, In Thousand Units, FY2016 - 2030F

Figure 17. India Pet Product Market Share, By Region, In USD Million, FY2016 - 2030F

Figure 18. India Pet Product Market Share, By Region, In Thousand Units, FY2016 - 2030F

Figure 19. India Pet Service Market, By Value, In USD Million, FY2016 - 2030F

Figure 20. India Pet Service Market, By Volume, In Thousand Units, FY2016 - 2030F

Figure 21. India Pet Service Market Share, By Pet Type, In USD Million, FY2016 - 2030F

Figure 22. India Pet Service Market Share, By Pet Type, In Thousand Units, FY2016 - 2030F

Figure 23. India Pet Service Market Share, By Pet Ownership Type, In USD Million, FY2016 - 2030F

Figure 24. India Pet Service Market Share, By Pet Ownership Type, In Thousand Units, FY2016 - 2030F

Figure 25. India Pet Service Market Share, By Service Type, In USD Million, FY2016 - 2030F

Figure 26. India Pet Service Market Share, By Service Type, In Thousand Units, FY2016 - 2030F

Figure 27. India Pet Service Market Share, By Point of Sale, In USD Million, FY2016 - 2030F

Figure 28. India Pet Service Market Share, By Point of Sale, In Thousand Units, FY2016 - 2030F

Figure 29. India Pet Service Market Share, By Region, In USD Million, FY2016 - 2030F

Figure 30. India Pet Service Market Share, By Region, In Thousand Units, FY2016 - 2030F

Figure 31. By Product Map-Market Size (USD Million) & Growth Rate (%), FY2022

Figure 32. By Service Map-Market Size (USD Million) & Growth Rate (%), FY2022

Figure 33. By Pet Type Map-Market Size (USD Million) & Growth Rate (%), FY2022

Figure 34. By Pet Ownership Type Map-Market Size (USD Million) & Growth Rate (%), FY2022

Figure 35. By Point-of-Sale Map-Market Size (USD Million) & Growth Rate (%), FY2022

Figure 36. By Region Map-Market Size (USD Million) & Growth Rate (%), FY2022

List of Table_India Pet Market

Table 1. Pricing Analysis of Products from Key Players

Table 2. Competition Matrix of Top 5 Market Leaders

Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)

Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

Frequently Asked Questions

Who are the top players operating in India Pet Market?

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