Product Code: ETC4594825 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India pet food ingredients market import shipments witnessed robust growth with a CAGR of 19.3% from 2020 to 2024. However, the growth rate slightly moderated to 11.9% between 2023 and 2024. Overall, the market expanded significantly, indicating strong momentum and a positive long-term trend.
With the increasing pet ownership and awareness of pet nutrition, the pet food ingredients market has gained traction in India. It caters to the demand for high-quality and nutritionally balanced pet food, emphasizing the well-being of pets.
The pet food ingredients market in India is experiencing significant growth driven by the increasing pet ownership in the country. Rising urbanization, higher disposable income, and changing lifestyles have led to a surge in pet ownership. This, in turn, has increased the demand for high-quality pet food with nutritious ingredients. Pet owners are becoming more conscious of the health and well-being of their pets, leading to a preference for premium and organic pet food ingredients. Manufacturers are responding to this trend by introducing innovative and health-focused ingredients for pet food. Additionally, the growing awareness of the nutritional requirements of different pet breeds and the importance of natural and functional ingredients are driving the market`s expansion.
Challenges in the pet food ingredients market include quality control, ingredient safety, and addressing concerns related to pet health. Ensuring that pet food ingredients meet quality and safety standards while promoting pet health is a critical challenge.
The India Pet Food Ingredients market experienced a shift in consumer behavior during the COVID-19 pandemic. With more people adopting pets for companionship during lockdowns, there was an increased demand for pet food and ingredients. This trend boosted the market`s growth, with manufacturers diversifying their product offerings to cater to different dietary requirements. The market`s focus on quality and safety standards became even more critical, as consumers were increasingly concerned about their pets` health and well-being.
Key players in the pet food ingredients market are Cargill India, Mars International India Pvt Ltd, The Archer Daniels Midland Company (ADM), BASF India, and DuPont India.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Pet Food Ingredients Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Pet Food Ingredients Market Revenues & Volume, 2021 & 2031F |
3.3 India Pet Food Ingredients Market - Industry Life Cycle |
3.4 India Pet Food Ingredients Market - Porter's Five Forces |
3.5 India Pet Food Ingredients Market Revenues & Volume Share, By Ingredient, 2021 & 2031F |
3.6 India Pet Food Ingredients Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.7 India Pet Food Ingredients Market Revenues & Volume Share, By Pet, 2021 & 2031F |
4 India Pet Food Ingredients Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing pet ownership and humanization of pets in India |
4.2.2 Growing awareness about pet health and nutrition |
4.2.3 Rise in disposable income leading to higher spending on premium pet food ingredients |
4.3 Market Restraints |
4.3.1 Price volatility of raw materials |
4.3.2 Regulatory challenges related to pet food ingredient quality and safety standards |
5 India Pet Food Ingredients Market Trends |
6 India Pet Food Ingredients Market, By Types |
6.1 India Pet Food Ingredients Market, By Ingredient |
6.1.1 Overview and Analysis |
6.1.2 India Pet Food Ingredients Market Revenues & Volume, By Ingredient, 2021-2031F |
6.1.3 India Pet Food Ingredients Market Revenues & Volume, By Meat & Meat Products, 2021-2031F |
6.1.4 India Pet Food Ingredients Market Revenues & Volume, By Cereals, 2021-2031F |
6.1.5 India Pet Food Ingredients Market Revenues & Volume, By Vegetables & Fruits, 2021-2031F |
6.1.6 India Pet Food Ingredients Market Revenues & Volume, By Fats, 2021-2031F |
6.1.7 India Pet Food Ingredients Market Revenues & Volume, By Additives, 2021-2031F |
6.2 India Pet Food Ingredients Market, By Source |
6.2.1 Overview and Analysis |
6.2.2 India Pet Food Ingredients Market Revenues & Volume, By Animal-based, 2021-2031F |
6.2.3 India Pet Food Ingredients Market Revenues & Volume, By Plant Derivatives, 2021-2031F |
6.2.4 India Pet Food Ingredients Market Revenues & Volume, By Synthetic, 2021-2031F |
6.3 India Pet Food Ingredients Market, By Pet |
6.3.1 Overview and Analysis |
6.3.2 India Pet Food Ingredients Market Revenues & Volume, By Dogs, 2021-2031F |
6.3.3 India Pet Food Ingredients Market Revenues & Volume, By Cats, 2021-2031F |
6.3.4 India Pet Food Ingredients Market Revenues & Volume, By Fish, 2021-2031F |
7 India Pet Food Ingredients Market Import-Export Trade Statistics |
7.1 India Pet Food Ingredients Market Export to Major Countries |
7.2 India Pet Food Ingredients Market Imports from Major Countries |
8 India Pet Food Ingredients Market Key Performance Indicators |
8.1 Pet population growth rate |
8.2 Adoption rate of premium pet food products |
8.3 Consumer spending on pet food ingredients as a percentage of total pet care expenses |
9 India Pet Food Ingredients Market - Opportunity Assessment |
9.1 India Pet Food Ingredients Market Opportunity Assessment, By Ingredient, 2021 & 2031F |
9.2 India Pet Food Ingredients Market Opportunity Assessment, By Source, 2021 & 2031F |
9.3 India Pet Food Ingredients Market Opportunity Assessment, By Pet, 2021 & 2031F |
10 India Pet Food Ingredients Market - Competitive Landscape |
10.1 India Pet Food Ingredients Market Revenue Share, By Companies, 2024 |
10.2 India Pet Food Ingredients Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |