Product Code: ETC4542445 | 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 processing market import shipments experienced a robust growth trend from 2020 to 2024, with a notable CAGR of 32.4%. Although the growth rate slightly moderated between 2023 and 2024 to 5.9%, indicating a stabilization, the market overall exhibited strong expansion momentum.
The pet food processing market in India is on the rise as pet ownership and pet care awareness increase. High-quality and nutritious pet food is in demand, leading to the growth of this market. Manufacturers are producing a variety of pet food products to cater to different pet needs and preferences.
The India pet food processing market has experienced substantial growth due to the rising pet ownership and the increasing demand for high-quality pet food products. As more households in India embrace pets as part of their family, there is a growing interest in providing nutritious and safe pet food options. The market is driven by the desire to offer pets balanced diets with essential nutrients, and this has led to the expansion of the pet food industry. Manufacturers have responded by developing a wide range of pet food products, including dry kibble, wet food, treats, and special dietary formulations. The market growth is further influenced by the growing awareness of the link between pet nutrition and overall health, leading to increased spending on premium and specialty pet foods. As pet ownership continues to rise and pet owners seek the best nutrition for their animal companions, the pet food processing market is expected to continue growing in India.
The pet food processing market in India is subject to challenges due to the diverse dietary preferences of pets and a lack of uniform regulations. Pets have different nutritional needs, and this diversity requires pet food manufacturers to offer a wide range of products. The absence of clear regulations and standards can lead to inconsistent product quality. Furthermore, sourcing quality ingredients at competitive prices poses another challenge, particularly for manufacturers focused on affordability without compromising pet health. Educating pet owners about the importance of quality pet food is also a challenge that needs to be addressed to expand this market.
The pet food processing market in India faced challenges during the COVID-19 pandemic. While the pet food industry showed resilience, supply chain disruptions, limited access to quality ingredients, and transportation issues affected production and distribution. With more people adopting pets during the pandemic, there has been an increased interest in the pet food market, and as the situation stabilizes, the industry may see growth with the focus on nutrition and quality of pet food.
The pet food processing market in India is experiencing rapid growth as more consumers seek high-quality pet food options. Some key players in this market include Mars Petcare, a subsidiary of Mars, Inc., offering a wide range of pet food products. Royal Canin India, a division of the French company Royal Canin, is another major player providing specialized pet nutrition. These companies are catering to the needs of pet owners in India and ensuring the well-being of their furry companions.
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 Processing Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Pet Food Processing Market Revenues & Volume, 2021 & 2031F |
3.3 India Pet Food Processing Market - Industry Life Cycle |
3.4 India Pet Food Processing Market - Porter's Five Forces |
3.5 India Pet Food Processing Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Pet Food Processing Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 India Pet Food Processing Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Pet Food Processing Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of Indian households leading to higher spending on pet food. |
4.2.2 Growing awareness about pet health and nutrition among Indian pet owners. |
4.2.3 Rising trend of pet humanization, where pets are considered as family members, driving demand for premium pet food products. |
4.3 Market Restraints |
4.3.1 Lack of stringent regulations and quality control measures in the pet food processing industry in India. |
4.3.2 High competition among pet food processing companies leading to pricing pressures. |
4.3.3 Limited availability of high-quality and natural ingredients for pet food processing. |
5 India Pet Food Processing Market Trends |
6 India Pet Food Processing Market, By Types |
6.1 India Pet Food Processing Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Pet Food Processing Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Pet Food Processing Market Revenues & Volume, By Mixing & Blending Equipment, 2021-2031F |
6.1.4 India Pet Food Processing Market Revenues & Volume, By Forming Equipment, 2021-2031F |
6.1.5 India Pet Food Processing Market Revenues & Volume, By Baking & Drying Equipment, 2021-2031F |
6.1.6 India Pet Food Processing Market Revenues & Volume, By Cooling Equipment, 2021-2031F |
6.1.7 India Pet Food Processing Market Revenues & Volume, By Coating Equipment, 2021-2031F |
6.2 India Pet Food Processing Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 India Pet Food Processing Market Revenues & Volume, By Dry, 2021-2031F |
6.2.3 India Pet Food Processing Market Revenues & Volume, By Wet, 2021-2031F |
6.3 India Pet Food Processing Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Pet Food Processing Market Revenues & Volume, By Dog Food, 2021-2031F |
6.3.3 India Pet Food Processing Market Revenues & Volume, By Cat Food, 2021-2031F |
6.3.4 India Pet Food Processing Market Revenues & Volume, By Fish Food, 2021-2031F |
7 India Pet Food Processing Market Import-Export Trade Statistics |
7.1 India Pet Food Processing Market Export to Major Countries |
7.2 India Pet Food Processing Market Imports from Major Countries |
8 India Pet Food Processing Market Key Performance Indicators |
8.1 Percentage increase in the adoption of premium pet food products. |
8.2 Growth in the number of pet food processing companies obtaining quality certifications. |
8.3 Increase in the number of pet food product innovations and product launches. |
8.4 Growth in the number of pet food processing facilities investing in technology and automation. |
8.5 Improvement in consumer perception and trust towards Indian pet food brands. |
9 India Pet Food Processing Market - Opportunity Assessment |
9.1 India Pet Food Processing Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Pet Food Processing Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 India Pet Food Processing Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Pet Food Processing Market - Competitive Landscape |
10.1 India Pet Food Processing Market Revenue Share, By Companies, 2024 |
10.2 India Pet Food Processing Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |