Market Forecast By Pet Types (Dog Food, Cat Food, Bird Food, Fish Food & Others), By Product Types (Dry Pet Food, Wet Pet Food, Snacks & Treats & Others), By Ingredient Types (Animal Derived, Plant Derived & Others), By Distribution Channels (Hypermarkets/Supermarkets, Retailers, Specialized Pet Food Stores, Others), By Regions (Eastern, Western, Northern, Southern) and competitive landscape
Product Code: ETC002990 | Publication Date: Feb 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 83 | No. of Figures: 25 | No. of Tables: 2 |
India Pet Food Market report thoroughly covers the market by product types, pet types, ingredient types, distribution channels, and regions. The India pet food market outlook report provides an unbiased and detailed analysis of the ongoing India pet food market trends, India pet food market share, opportunities/high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
India Pet Food Market had been experiencing steady growth in recent years primarily due to an increasing number of pet owners opting for packaged pet food over traditional homemade food. Also, the market is expected to gain traction in the coming years by the changing lifestyles, rising disposable incomes, and a growing awareness of maintaining pet health. Apart from this, the major trend propelling the growth in the India pet food industry is the bourgeoning demand for natural pet food products. In addition to this, there has been an increasing availability of premium pet food brands in India that offers premium quality products for pets according to their dietary preferences.
The number of pet owners in India is growing rapidly due to the rising number of people with high disposable incomes. Nowadays, more and more people are choosing to keep pets, which is driving up demand for pet food. The growth of e-commerce platforms in India has made it easier for pet owners to access a wide variety of pet food products. However, the lack of proper regulations and standards for pet food manufacturing and marketing is hampering the India Pet Food Market growth. Additionally, the high cost of pet food products compared to traditional homemade diets can be a barrier for low incomes pet owners.Β
India Pet Food Market is anticipated to register significant growth over the coming years owing to the rising adoption of pets in the country. An increase in the number of nuclear families, the rapid pace of urbanization, government initiatives for encouraging the adoption of pets, and the rising concerns for the healthy growth of pets are some of the potential drivers for theΒ India pet food marketΒ in the years to come. Moreover, the growing premiumization coupled with an increase in the demand for enhanced quality pet food is anticipated to benefit theΒ Indian pet food marketΒ to register a double-digit growth rate during the forecast period. The market has seen a halt owing to the massive outbreak of COVID-19 which resulted in nationwide lockdowns to combat the spread of the virus and has led to a decline in overall market growth.
According to 6Wresearch, India Pet Food Market size is projected to grow at a CAGR of 12.3% during 2020-2026. Amidst the ongoing COVID-19 pandemic, the pet care industry is undergoing a major downfall owing to the dried-up offline sales backed by a complete lockdown across the country. However, the pet food segment of the overall India pet care industry is not much affected as pet food is under the essential category domain of the industry. The COVID-19 pandemic has thus, caused a sales dip in theΒ India pet food marketΒ but not much as compared to the other domains of the pet care industry such as theΒ petΒ accessories segment, which has been highly affected by the pandemic outbreak and the consequent shutdown of economic activities in the country during the past months.
Based on pet types, the dog food segment is anticipated to dominate the revenues in the overallΒ India pet food market in 2019Β and in the forthcoming years owing to the increasing adoption of dogs as pets by the millennial population on the back of the rising diversity and power of dogs for security and companionship. Further, based on product types, the dry pet food segment of the overall India pet food market is anticipated to register the highest growth in the near future owing to increased shelf life along with ease of digestion of dry pet food such as biscuits and kibble and as a result, is anticipated to create the future of pet industry in India as well in the coming future.
India pet food marketΒ is estimated to gain traction in the upcoming six years on the back of the rising expansion of supermarkets and retail stores in the country. A supermarket is a clear indication of the easy availability of pet food and more and more footfall registered by the supermarkets each day along with deeper penetration of pet adoption is expected to assist the India pet food market to achieve positive growth in the forthcoming time. Additionally, on the basis of users, the high-income group is the major segment expected to contribute towards the growth of the India pet food market underpinned by the rising trend of adopting a pet in the house and as a result, has led to rising requirement for food containing high nutritional values which are estimated to spur the significant demand for pet food and would benefit the India pet food market in the coming years.
The report provides a detailed analysis of the following market segments:
TABLE OF CONTENTS |
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of the Report |
2.3 Market Scope & Segmentation |
2.4 Methodology Adopted & Key Data Points |
2.5 Assumptions |
3. India Pet Food Market Overview |
3.1 India Pet Food Market Revenues, 2016-2026F |
3.2 India Pet Food Market Revenue Share, By Pet Types, 2019 & 2026F |
3.3 India Pet Food Market Revenue Share, By Ingredient Types, 2019 & 2026F |
3.4 India Pet Food Market Revenue Share, By Distribution Channels, 2019 & 2026F |
3.5 India Pet Food Market Revenue Share, By Product Types, 2019 & 2026F |
3.6 India Pet Food Market Revenue Share, By Regions, 2019 & 2026F |
3.7 India Pet Food Market - Industry Life Cycle |
3.8 India Pet Food Market - Porterβs Five Forces |
4. India Pet Food Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. India Pet Food Market Evolution & Trends |
6. India Pet Food Market Overview, By Pet Types |
6.1 India Pet Food Market Revenues, By Dog Food, 2016-2026F |
6.2 India Pet Food Market Revenues, By Cat Food, 2016-2026F |
6.3 India Pet Food Market Revenues, By Fish Food, 2016-2026F |
6.4 India Pet Food Market Revenues, By Bird Food, 2016-2026F |
6.5 India Pet Food Market Revenues, By Other Pet Types, 2016-2026F |
7. India Pet Food Market Overview, By Product Types |
7.1 India Pet Food Market Revenues, By Dry Pet Food, 2016-2026F |
7.2 India Pet Food Market Revenues, By Wet Pet Food, 2016-2026F |
7.3 India Pet Food Market Revenues, By Snacks & Treats, 2016-2026F |
7.4 India Pet Food Market Revenues, By Other Product Types, 2016-2026F |
8. India Pet Food Market Overview, By Ingredient Types |
8.1 India Pet Food Market Revenues, By Plant Derived, 2016-2026F |
8.2 India Pet Food Market Revenues, By Animal Derived, 2016-2026F |
8.3 India Pet Food Market Revenues, By Other Ingredient Types, 2016-2026F |
9. India Pet Food Market Overview, By Distribution Channels |
9.1. India Pet Food Market Revenues, By Hypermarkets/supermarkets, 2016-2026F |
9.2. India Pet Food Market Revenues, By Specialised Pet Stores, 2016-2026F |
9.3. India Pet Food Market Revenues, By Retailers, 2016-2026F |
9.4. India Pet Food Market Revenues, By Other Distribution Channels, 2016-2026F |
10. India Pet Food Market Overview, By Regions |
10.1 India Pet Food Market Revenues, By Eastern Region, 2016-2026F |
10.2 India Pet Food Market Revenues, By Western Region, 2016-2026F |
10.3 India Pet Food Market Revenues, By Northern Region, 2016-2026F |
10.4 India Pet Food Market Revenues, By Southern Region, 2016-2026F |
11. India Pet Food Market - Key Performance Indicators |
12. India Pet Food Market Opportunity Assessment |
12.1 India Pet Food Market Opportunity Assessment, By Pet Types, 2026F |
12.2 India Pet Food Market Opportunity Assessment, By Product Types, 2026F |
12.3 India Pet Food Market Opportunity Assessment, By Ingredient Types, 2026F |
12.3 India Pet Food Market Opportunity Assessment, By Distribution Channels, 2026F |
12.4 India Pet Food Market Opportunity Assessment, By Regions, 2026F |
13. India Pet Food Market Competitive Landscape |
13.1 India Pet Food Market Competitive Benchmarking, By Technical & Operating Parameters |
13.2 India Pet Food Market Revenue Share, By Company, 2019 |
14. Company Profiles |
14.1 Mars International India Pvt. Ltd. |
14.2 Diamond Pet Foods Inc. |
14.3 Hill's Pet Nutrition Inc. |
14.4 Himalaya Drug Company Pvt. Ltd. |
14.5 Venky's India Pvt. Ltd. |
14.6 Purina Petcare India Pvt. Ltd. |
14.7 Bharat International Pet Foods Pvt. Ltd. |
14.8 Agro Food Industries |
14.9 Drools Pet Food Pvt. Ltd. |
14.10 Provimi Animal Nutrition Pvt. Ltd. |
15. Key Strategic Recommendations |
16. Disclaimer |
LIST OF FIGURES |
1. India Pet Food Market Revenues, 2016-2026F (INR Crore) |
2.India Pet Food Market Revenue Share, By Product Types, 2019 & 2026F |
3.India Pet Food Market Revenue Share, By Ingredient Types, 2019 & 2026F |
4. India Pet Food Market Revenue Share, By Distribution Channels, 2019 & 2026F |
5. India Pet Food Market Revenue Share, By Product Types, 2019 & 2026F |
6. India Pet Food Market Revenue Share, By Regions, 2019 & 2026F |
7. India Pet Food Market Revenues, By Dry Pet Food, 2016-2026F (INR Crore) |
8. India Pet Food Market Revenues, By Wet Pet Food, 2016-2026F (INR Crore) |
9. India Pet Food Market Revenue, By Snacks and Treats, 2016-2026F (INR Crore) |
10. India Pet Food Market Revenues, By Other Pet Food, 2016-2026F (INR Crore) |
11. India Pet Food Market Revenues, By Hypermarkets/Supermarkets, 2016-2026F (INR Crore) |
12. India Pet Food Market Revenues, By Retailers, 2016-2026F (INR Crore) |
13. India Pet Food Market Revenues, By Specialised Pet Food Stores, 2016-2026F (INR Crore) |
14. India Pet Food Market Revenues, By Other Distribution Channels, 2016-2026F (INR Crore) |
15. India Pet Food Market Revenues, By Eastern Region, 2016-2026F (INR Crore) |
16. India Pet Food Market Revenues, By Western Region, 2016-2026F (INR Crore) |
17. India Pet Food Market Revenues, By Northern Region, 2016-2026F (INR Crore) |
18. India Pet Food Market Revenues, By Southern Region, 2016-2026F (INR Crore) |
19. India Pet Food Market Opportunity Assessment, By Pet Types, 2026F |
20. India Pet Food Market Opportunity Assessment, By Product Types, 2026F |
21. India Pet Food Market Opportunity Assessment, By Ingredient Types, 2026F |
22. India Pet Food Market Opportunity Assessment, By Distribution Channels, 2026F |
23. India Pet Food Market Opportunity Assessment, By Regions, 2026F |
24. India Pet Food Market Revenue Share, By Companies, 2026F |
LIST OF TABLES |
1. India Pet Food Market Revenues, By Pet Types, 2016-2026F (INR Crore) |
2. India Pet Food Market Revenues, By Ingredient Types, 2016-2026F (INR Crore) |