According to a report by Expert Market Research, the India pet care products market was valued at USD 2.3 billion in 2022 and is expected to reach USD 4.9 billion by the end of 2026, growing at a CAGR of 13.5% during the forecast period 2023-2028.
The growth of the market is attributed to the increasing adoption of pets, rising disposable income, and changing lifestyle patterns of people in India. Moreover, the increasing awareness of pet health and hygiene among pet owners is also contributing to the growth of the market. The demand for pet food, pet grooming products, and veterinary care services is increasing, and this is expected to continue in the coming years.
The pet food segment is the largest segment in the India pet care products market, followed by pet accessories and healthcare products. The online sales channel is also gaining popularity in the India pet care products market due to the convenience and availability of a wide range of products.
The increasing adoption of pets and changing lifestyle patterns of people in India are expected to be the primary drivers of growth in the pet care products market. Moreover, the rising disposable income and increasing awareness of pet health and hygiene among pet owners are also expected to contribute to market growth.
The pet food segment is expected to remain the largest segment in the India pet care products market during the forecast period. The demand for pet grooming products, healthcare products, and accessories is also expected to increase during this period.
The online sales channel is also expected to continue gaining popularity in the India pet care products market. The convenience and availability of a wide range of products through online channels are expected to drive the growth of this segment.
However, it’s important to note that market dynamics can change rapidly, and various factors can influence the market’s growth trajectory. It is always essential to perform comprehensive research and analysis before making any investment decisions.
The pet care products market in India includes all products and services related to the care and well-being of pets, such as dogs, cats, birds, and other small animals. These products include pet food, pet grooming products, pet healthcare products, pet accessories, and pet toys.
Pet food products include dry and wet food, snacks, and treats for pets. Pet grooming products include shampoo, conditioner, deodorizers, brushes, and combs. Pet healthcare products include medicines, supplements, and vaccines for pets. Pet accessories include leashes, collars, harnesses, bowls, beds, and toys.
The India pet care products market also includes veterinary services, such as routine check-ups, surgeries, and emergency care for pets.
The market size of the India pet care products market is expected to grow significantly between 2023-2028, driven by the increasing adoption of pets, rising disposable income, and changing lifestyle patterns of people in India. The demand for pet food, pet grooming products, pet healthcare products, and pet accessories is expected to increase during this period.
The pet care products market in India is expected to witness several trends between 2023-2028. Here are some of the major trends that are expected to shape the market:
- Premiumization of pet care products: With the increasing disposable income of pet owners, they are more willing to spend on high-quality and premium pet care products. The demand for premium pet food, grooming products, and accessories is expected to increase during this period.
- Increasing focus on pet health and wellness: As people increasingly view pets as family members, there is a growing focus on pet health and wellness. The demand for pet healthcare products, such as medicines, supplements, and vaccines, is expected to increase during this period.
- Online sales channel growth: The online sales channel is expected to continue gaining popularity in the India pet care products market. The convenience and availability of a wide range of products through online channels are expected to drive the growth of this segment.
- Technological advancements in pet care products: With the increasing demand for pet care products, there is a growing focus on developing innovative and technologically advanced products. For example, smart pet feeders, pet monitoring devices, and pet grooming robots are gaining popularity in the market.
In conclusion, the India pet care products market is expected to witness significant growth in the coming years, driven by the increasing adoption of pets and rising disposable income of the population. However, market dynamics can change rapidly, and various factors can influence the market’s growth trajectory. It is always essential to perform comprehensive research and analysis before making any investment decisions.
