Growing Pet Ownership
Over the past decade, there has been a noticeable increase in pet ownership across India. This growth can be attributed to factors such as rising urbanization, higher disposable incomes, and changing attitudes towards pets, with many considering them as integral members of the family.
India’s pet care market is growing at 13.9% per annum, making it one of the fastest-growing pet care markets in the world !
The growth of the pet industry in India is recorded in the following categories: pet food, pharmaceuticals, grooming, toys, and accessories. This industry is one of the fastest-growing pet care markets . This growth can be attributed to a rise in nuclear families, urbanization, and a change in attitude toward pet ownership. Pets are now being viewed as family members, and people want to give them the best care that they can. While pet ownership is more prevalent in urban areas due to lifestyle factors and greater access to pet-related services, there's also a noticeable increase in pet ownership in rural areas, albeit to a lesser extent.
India’s pet care industry will reach $800 million by 2025.
The COVID-19 pandemic has had a mixed impact on pet ownership trends in India. On one hand, there was a surge in pet adoptions during lockdown periods as people sought companionship while spending more time at home. This growth reflects the increasing willingness of pet parents to invest in the health and well-being of their furry companions.
Cats are the second most popular pet in India, owned by 20% of pet owners.
Annually , 600,000 pets are adopted in India.
No 1 is Bengaluru , the most pet-friendly city in India, further followed by Mumbai. In a survey of 2,500 pet owners, 70% of them in India say that their city is moderately pet friendly. Another 11.4% reported that their cities were very pet friendly, while 15.5% said their cities were not pet friendly at all.
Even though dog ownership is growing, 40% of dog owners reported that their neighbors disliked them because they owned a dog. At the same time surprising 95% of people said that they want their local authorities to run programs that teach children to be compassionate towards animals.
The pet food category market is the largest in the pet care industry sitting at $310 million. It id further followed by Pet pharmaceuticals at $90 million. Pet accessories account for $65 million. Ancillary pet care products make up the remaining $35 million of an industry of over $490 million.
