India Pet Food Market
The GMI Research extrapolates that the Indian Pet Food Market will experience a robust demand over the forecast period. This is because of the enlarged online presence, rising health agitation among consumers, and helps build a stronger immune system.
Introduction of the India Pet Food Market
Pet food is the animal feed deliberated for consumption by pets such as dogs, cats, or other animals. The different range of pet food provides exceptional benefits such as better digestion, a powerful immune system, and fewer allergies. Pet food provides carbohydrates, vitamins, fats, protein, minerals, and preservatives, thus enriching the animal's body.
India Pet Food Market Dynamics
The augmenting adoption of pets has stimulated the demand for high-quality pet foods, which is the foremost driver contributing to the growth of the Indian pet food market. In addition, the rising recognition of pet health and the increasing trend of nuclear families in India has stimulated market growth. Furthermore, the rapidly accelerating urban population and the evolving tendency of keeping a pet as a friend have encouraged the adoption of dogs or cats among individuals. India is a habitat for approximately 20 million pet dogs, and this number is anticipated to rise over the next few years. Besides this, the surging awareness about several beneficial features offered by pet foods among pet owners has further paved the way for market growth. The pet food includes chicken meat, vegetables, fruits, lamb meat, and other preservatives, to improve the texture, flavor, and color of the food products. Furthermore, the facile accessibility of pet food products across several distribution channels such as supermarkets, retail, and online stores has allured enormous individuals towards the market. Simultaneously, the remarkable switch in individual's choices towards vegan and grain-free pet food products is complementing the Indian pet food market share.
Product Type Segment Drivers
The dry dog food segment, based on the product type, is predicted to expand at a faster rate over the forecast period. The dog is considered to be the desired animal in terms of pets. The increasing demand for dogs in ad campaigns and films has supplemented their adoption. The various benefits imparted by dry dog food, such as lesser moisture content, high suitability, and cost-efficiency, are further driving the market growth.
Pet Type Segment Drivers
Depending on the pet type, the dog is anticipated to sustain its dominance throughout the forecast period. Dogs are the most prominent pets than fish, birds, cats, and other animals. The rising adoption of dogs, primarily among youngsters, is supplementing the India Pet Food Market Size.
Distribution Channel Segment Drivers
In accordance with the Distribution Channel, specialty stores are anticipated to expand at a faster compound annual growth rate over the forecast period. The existence of different pet food brands under one roof is encouraging individuals to procure pet food products from specialty stores. Moreover, alluring discount offers and convenient modes of payment are further promoting market growth.
India Pet Food Market Segmentation:
Segmentation by Product Type
- Dry dog food
- Wet dog food
- Dog treats
- Dry cat food
- Wet cat food
- Cat treats
Segmentation by Distribution Channel
- Specialty stores
Segmentation by Pet Type
About GMI Research
GMI, a major research and consulting organisation got spotlighted in the list of Silicon India Magazine, 2018, for their exceptional services. The enterprise provides précised reports to several enterprises to support them formulate strategic business policies. The large team of GMI Research includes analysts and experienced researchers from regions like Europe, Asia-Pacific and North America. Further, the detailed report provides an in-depth analysis about market opportunities, competitors, key drivers, challenges, and restrains to help them in making a judicious decision.
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