Picture
SEARCH
What are you looking for?
Need help finding what you are looking for? Contact Us
Compare

PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1271158

Cover Image

PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1271158

India Pet Market Assessment, Pet Product Market Pet Service Market, By Region, Opportunities, and Forecast, 2017-2031F

PUBLISHED:
PAGES: 85 Pages
DELIVERY TIME: 3-5 business days
SELECT AN OPTION
PDF & Excel Printable (Single User License)
USD 3300
PDF & Excel Printable (Corporate License)
USD 4500
PDF & Excel Printable (Custom Research License)
USD 7000

Add to Cart

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.

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
  • Nestle 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)
Product Code: MX10033

Table of Contents

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 Nestle 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

Product Code: MX10033

List of Tables

  • 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

List of Figures

  • Figure 1. India Pet Market, By Value, In USD Billion, FY2017 - 2031F
  • Figure 2. India Pet Market, By Volume, In Thousand Units, FY2017 - 2031F
  • Figure 3. India Pet Market Share, By Product, In USD Billion, FY2017 - 2031F
  • Figure 4. India Pet Market Share, By Product, In Thousand Units, FY2017 - 2031F
  • Figure 5. India Pet Market Share, By Service, In USD Billion, FY2017 - 2031F
  • Figure 6. India Pet Market Share, By Service, In Thousand Units, FY2017 - 2031F
  • Figure 7. India Pet Product Market, By Value, In USD Billion, FY2017 - 2031F
  • Figure 8. India Pet Product Market, By Volume, In Thousand Units, FY2017 - 2031F
  • Figure 9. India Pet Product Market Share, By Pet Type, In USD Billion, FY2017 - 2031F
  • Figure 10. India Pet Product Market Share, By Pet Type, In Thousand Units, FY2017 - 2031F
  • Figure 11. India Pet Product Market Share, By Pet Ownership Type, In USD Billion, FY2017 - 2031F
  • Figure 12. India Pet Product Market Share, By Pet Ownership Type, In Thousand Units, FY2017 - 2031F
  • Figure 13. India Pet Product Market Share, By Product Type, In USD Billion, FY2017 - 2031F
  • Figure 14. India Pet Product Market Share, By Product Type, In Thousand Units, FY2017 - 2031F
  • Figure 15. India Pet Product Market Share, By Point of Sale, In USD Billion, FY2017 - 2031F
  • Figure 16. India Pet Product Market Share, By Point of Sale, In Thousand Units, FY2017 - 2031F
  • Figure 17. India Pet Product Market Share, By Region, In USD Billion, FY2017 - 2031F
  • Figure 18. India Pet Product Market Share, By Region, In Thousand Units, FY2017 - 2031F
  • Figure 19. India Pet Service Market, By Value, In USD Billion, FY2017 - 2031F
  • Figure 20. India Pet Service Market, By Volume, In Thousand Units, FY2017 - 2031F
  • Figure 21. India Pet Service Market Share, By Pet Type, In USD Billion, FY2017 - 2031F
  • Figure 22. India Pet Service Market Share, By Pet Type, In Thousand Units, FY2017 - 2031F
  • Figure 23. India Pet Service Market Share, By Pet Ownership Type, In USD Billion, FY2017 - 2031F
  • Figure 24. India Pet Service Market Share, By Pet Ownership Type, In Thousand Units, FY2017 - 2031F
  • Figure 25. India Pet Service Market Share, By Service Type, In USD Billion, FY2017 - 2031F
  • Figure 26. India Pet Service Market Share, By Service Type, In Thousand Units, FY2017 - 2031F
  • Figure 27. India Pet Service Market Share, By Point of Sale, In USD Billion, FY2017 - 2031F
  • Figure 28. India Pet Service Market Share, By Point of Sale, In Thousand Units, FY2017 - 2031F
  • Figure 29. India Pet Service Market Share, By Region, In USD Billion, FY2017 - 2031F
  • Figure 30. India Pet Service Market Share, By Region, In Thousand Units, FY2017 - 2031F
  • Figure 31. By Product Map-Market Size (USD Billion) & Growth Rate (%), FY2023
  • Figure 32. By Service Map-Market Size (USD Billion) & Growth Rate (%), FY2023
  • Figure 33. By Pet Type Map-Market Size (USD Billion) & Growth Rate (%), FY2023
  • Figure 34. By Pet Ownership Type Map-Market Size (USD Billion) & Growth Rate (%), FY2023
  • Figure 35. By Point-of-Sale Map-Market Size (USD Billion) & Growth Rate (%), FY2023
  • Figure 36. By Region Map-Market Size (USD Billion) & Growth Rate (%), FY2023
Have a question?
Picture

Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

Picture

Christine Sirois

Manager - Americas

+1-860-674-8796

Questions? Please give us a call or visit the contact form.
Hi, how can we help?
Contact us!