India’s Pet Care Market: A $7 Billion Opportunity on the Horizon
Pet love isn’t just a trend in India, it’s becoming a lifestyle. While the Indian pet care market still trails behind giants like the US and Germany, it’s on a remarkable growth trajectory. According to Redseer Strategy Consultants, the market is set to double, reaching a stunning $7 billion by 2028.
So, what’s fueling this boom? Let’s dive in!
A Rapidly Expanding Market: India’s pet care industry covers everything from pet food and accessories to pet grooming services, pet boarding, and even pet insurance. With dog and cat owners leading the way, the sector has seen an impressive surge in spending. In 2024 alone, the market hit $3.6 billion ;double the $1.6 billion spent in 2019.
From Pet Owners to Pet Parents: A noticeable shift has taken place in India’s approach to pets. Rather than seeing them as mere animals, more Indians now view themselves as pet parents. This shift has driven demand for high-quality pet grooming products, specialized pet food, and premium pet accessories. With each new development, the market has broadened, catering to a growing demand for better and more varied pet care products.
Millennials and Gen Z Lead the Charge: Younger generations, especially Gen Z, are the real game-changers in India’s pet care boom. These pet owners don’t just settle for basic care; they’re investing in luxury grooming services, pet wellness, and even regular vet check-ups. Their commitment to sophisticated, responsible pet care is pushing the industry to innovate faster than ever before.
New Trends on the Horizon: One exciting area of growth is in pet boarding services and pet insurance offerings that are still relatively new to India. More people now look for convenient, quality pet boarding options for times they’re away, and pet insurance is increasingly sought to ensure pets get the care they deserve without financial worry.
Pandemic-Driven Surge in Pet Ownership: India’s pet population has grown by 4–5% since 2019, and part of this rise is due to the pandemic. During lockdowns, countless people welcomed pets into their homes, with many adopting strays or rescuing animals in need of a safe place. This increase in pet ownership has amplified demand for pet supplies, dog grooming services, and pet health and wellness resources.
The Road Ahead: As more Indians embrace the role of pet parents, the demand for high-quality pet care products and premium pet boarding services will continue to grow. The Indian pet care market is not just growing,it’s evolving, on its way to becoming one of the fastest-growing pet industries worldwide.
So, why wait? If you already have a pet business or want to start one and are eager to boost your branding, now is the time! Stalls are filling fast for the 7th edition of PETEX INDIA – India’s premier B2B2C exhibition on the pet care industry, scheduled for January 31st to February 2nd, 2025 at HITEX, Hyderabad. Don’t miss out on this incredible opportunity to showcase your brand and connect with industry leaders!
For more details contact :
Vinoth Sasidharan -9121211159
Harshitha Reddy -8341865558
Soumili Biswas – 9154392514
