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🐾 India's Pet Economy: Booming Growth and Opportunities 🐾 India's pet care market is on a fascinating growth trajectory, with a current value of ₹5,000 Cr in 2024, projected to double to ₹10,000 Cr by 2028. 📈 The CAGR of 20% speaks volumes about the potential in the pet care industry here. Key insights include: 📦 Market Segmentation: Food takes the lion's share with 70%, followed by accessories (20%) and services (10%). 🛒 E-commerce Growth: Online platforms like Amazon and Flipkart are witnessing rising pet care product sales, while offline still dominates with 80% of pet food bought traditionally. 💸 Startups Getting Funded: Startups like Heads Up for Tails, Supertails, The Wiggles, and JustDogs are receiving significant investments, showcasing growing investor confidence. With ₹1,500 Cr invested in the last five years and 6 Lac pets adopted annually, it's clear that India is witnessing a "pawsome" revolution in pet care! 🐶🐱 📊 Interested in the numbers? Lifetime cost of pets can range from ₹7L - ₹12L for dogs and ₹1.5L - ₹4.5L for cats. No wonder there's increasing demand for premium, natural products in pet care. 🌿 Southern India, interestingly, has higher adoption rates, reflecting regional variations in pet ownership trends. What do you think is driving this surge in pet care spending? 🐕 Let's discuss the future of India's pet economy! #PetEconomy #PetCare #StartupFunding #IndiaGrowth #PetLovers #MarketTrends #PetIndustry

How Indian Pet Care market is Biggest Investment Opportunity 💡 Deep Dive Series: Day 57 India is the fastest growing petcare market in the world - 30 M pet dogs & 4 M pet cats. India has just 6% pet penetration (vs 23% China, 69% USA) in household level -> massive future growth 🔥 Today, India is at same place where China was during 2010 & in next 10 years, the petcare market size rose by 17X. Indian petcare market was $550 M in 2023 & expected to grow at a CAGR of 19% to $700 M by 2025 by bonafide research due to - ✓ Rising health & wellness awareness ✓ Declining household size ✓ Higher disposable income ✓ Delayed marriages ✓ Lower fertility rate ✓ Rising urbanization Covid-19 pandemic improved pet adoption with 6L pets adopted every year after it 🎯 GenZ & Millennials are adopting pets as part of companionship (fighting loneliness). This market is also recession resistance as seen in US during 2001 & 2008 with very loyal customers. 📌 Segments of Indian pet care market - • Smart pet products (GPS-enabled tags etc) • Pet cemeteries • Pet grooming (clothes, salons, spas etc) • Pet veterinary consultations • Pet food 85% of pet care market is pet food today & is monopolized by 3 large brands - good opportunity for private labels Some of the rising Indian petcare startups are Supertails, Heads up for tails & more. Do comment below 👇 if you are a pet lover & which brands do you use for your pet !! *** 📌 Join FinStart (Finance & Startups) Community: https://lnkd.in/gKHr6RcS RE-SHARE ✅ this post if you find it useful !! #venturecapital #business

India's Pet Care Industry: A Booming Market The Indian pet care industry is experiencing rapid growth, fueled by a rising number of pet owners and increased spending on pet products and services. According to recent estimates, the market size is expected to reach ₹16,000 crore by 2025, growing at a CAGR of 14%. Key Factors Driving Growth: Growing Pet Ownership: India has witnessed a significant increase in pet ownership, with millions of households now having pets. Changing Demographics: Urban millennials, in particular, are driving the demand for pet products and services, often spending more on their pets than previous generations. Promising Business Opportunities: Specialized Services: Niche areas like mobile pet grooming, eco-friendly salons, luxury pet spas, and DIY pet grooming kits offer unique value propositions. Premium Products: High-end products like organic pet shampoos, designer pet clothes, and smart pet gadgets are gaining popularity in India. Favorable Market Conditions: The industry benefits from low initial investment, high-profit margins, and resilience to economic downturns. India's Global Position: While India currently represents a small portion of the global pet care market, its rapid growth rate positions it for significant expansion in the future. Challenges and Opportunities: Skill Shortage: A lack of skilled pet care professionals presents an opportunity for training schools. Market Penetration: Expanding awareness in Tier 2-3 cities can unlock new markets. Conclusion: The Indian pet care industry offers a promising avenue for entrepreneurs. With a growing market, favorable demographics, and ample opportunities for innovation, it's an exciting time to be involved in this sector. #PetCareIndustry #IndiaPetCare #PetBusiness #PetEntrepreneurship #AnimalWelfare

India, a country known for its rich cultural diversity and economic growth, is witnessing a significant shift in its pet ownership trends. With around 30 million pet dogs, the pet industry in India is burgeoning, presenting a plethora of opportunities for businesses. Let's explore the business aspects of this thriving market and how retailers, manufacturers, and importers can capitalize on this growth. The Growing Pet Ownership Trend Over the past decade, pet ownership in India has seen a remarkable increase. Urbanization, rising disposable incomes, and changing lifestyles have contributed to this trend. Pets, especially dogs, are increasingly being viewed as family members, leading to higher spending on their well-being. This shift has created a robust market for pet-related products and services. Opportunities for Retailers Expanding Product Range Retailers can leverage this growing pet population by expanding their product offerings. Pet owners are constantly seeking quality products that cater to their pets' needs, from nutritious food and treats to grooming supplies and accessories. By stocking a diverse range of products, retailers can attract a wider customer base and enhance their sales. Creating a Pet-Friendly Environment Creating a pet-friendly shopping environment can significantly boost customer engagement. Pet-friendly stores, events, and workshops can attract pet owners, encouraging them to spend more time and money in the store. Additionally, offering loyalty programs and personalized services can foster customer loyalty and repeat business. Innovations for Manufacturers Developing Premium Products Manufacturers have the opportunity to develop premium products that cater to the health and wellness of pets. With a growing awareness of pet health, there is an increasing demand for organic, natural, and high-quality pet food and supplements. Innovating in this space can set manufacturers apart and meet the evolving needs of pet owners. Importers and the Global Market Sourcing Unique Products Importers can play a crucial role by sourcing unique and high-quality pet products from international markets. As Indian pet owners become more discerning, there is a growing demand for premium international brands. By bringing these products to the Indian market, importers can cater to the tastes of pet owners who seek the best for their pets. Ensuring Compliance and Quality To succeed in the Indian market, importers must ensure that imported products comply with local regulations and standards. Building relationships with reputable international suppliers and conducting thorough quality checks can help maintain product standards and build trust among consumers. #PetIndustryIndia #BusinessOpportunities #PetProducts #InnovationInPetCare #RetailGrowth #PetManufacturing #GlobalPetMarket #PetLovers #FutureOfPets

- Indian pet parents are transforming the pet care industry into a multi-crore business. Projections indicate that the pet care industry in India is expected to grow at an impressive 20% CAGR over the next five years, potentially surpassing $3 billion by 2025. - A new trend in the pet industry is emerging as Gen Z and millennials increasingly identify as pet "parents" rather than pet "owners." This shift in mindset is driving demand for higher-quality pet food, nutrition, and a wide range of other pet products. - Presently, approximately 25 per cent of urban households own pets, and this figure is expected to rise to 35 per cent by 2025. - For a major FMCG company like Nestlé India, pet care has become a key growth area following the acquisition of Purina Pet Care in 2022. Additionally, Godrej Consumer Products Limited (GCP) is planning to enter this sector with an investment of ₹500 crore over the next five years. - Fashion house DOLCE&GABBANA launched 'Fefe,' an alcohol-free perfume for dogs, priced at 99 euros or Rs 9,000 for 100ml. - Pet care startup, HeadsUpforTails, which started as a lifestyle brand, launched a new pet food brand ‘Hearty’ recently. It booked revenue of 350 crore in current financial year with a target of 500 crore brand in FY26. *INVESTMENTS*: With the pet population surpassing 38 million, the Indian pet care market has become a hub for investments, with over $170 million flowing into the sector. With Drools bagging the biggest chunk of $60 million last year from L Catterton, HUFT raised $37 million led by Verlinvest and Sequoia Capital India and Just Dogs raised $7 million from The Sixth Sense Venture. Recently Supertails closed a funding round of $15 million led by RPSG Capital Ventures #petcare #investments #fundraise #venturecapital

PROSPECTS OF THE PET INDUSTRY IN VIETNAM 📍 Overview of the pet industry in Vietnam: Industry scale: The pet industry in Vietnam will reach about 94 million USD by 2023 and is forecast to increase to more than 182 million USD by 2028, with an annual growth rate (CAGR) of 14.3% from 2018 to 2023. Number of pets: The number of dogs and cats in Vietnam has increased to more than 12 million by 2023 and is expected to reach about 16 million by 2027. Pet food: Dog and cat food dominates the industry, with the dry food and mid-range price segments accounting for the majority of the market share. 📍 Market share of companies and distribution channels: Company market share: Major companies in the pet food industry include Perfect Companion (Thailand), Mars (USA), and Guyomarc'h Vietnam (France). Distribution channel: Pet products are mainly distributed through pet stores (pet shops), accounting for 75%, and online channels only accounting for 4%. 🛒 Pet products and services: Popular products include food, toys, accessories, and veterinary care. Hoang Anh Company is the leader in pet care products in Vietnam with brands such as FAY, PALMA, BOOLA, and PLOTOON. 📍Pet raising trends in Vietnam: Growth in the number of pets: The trend of keeping pets continues to increase strongly, especially among young people and people getting married late. Spending on pets: Expenses on food account for 77% and accessories and care account for 23%. Rising middle class: The middle class in Vietnam is growing the fastest in Southeast Asia, contributing to the demand for pet ownership as a lifestyle. Cre: Kirin Capital This article was compiled by Admin CTO Vietnam Network. #VMR #Trend #Motherandbabyindustry #VietNam GET MORE INTERESTING INFORMATION, JOIN NOW: VIETNAM Market Report: https://lnkd.in/grs5cMpz CTO Vietnam Network: https://lnkd.in/gqzaicb5 Tech Preneur Community: https://lnkd.in/ghPPRsbd #VMR #Vietnam #Report #Pet

India pet care industry experiencing significant growth, Market Decipher report estimates the pet care market size is growing at a CAGR of 19.2% during 2022 to 2032, but how can a foreign pet food brand tackle this white space? PAW went to India in person to gather first-hand information to provide you the relevant, legitimate and sufficient insight. Interested to know more, contact PAW at https://lnkd.in/fD8jset #indiapetpetfoodmarket #indiaexpansion #globalexpansion Share post from https://lnkd.in/g5XbpVtB

🐾 Celebrating Growth this National Pet Day 2024: India's Pet Food Market 🐾 On National Pet Day 2024, let's spotlight the vibrant growth of the Indian pet food industry. Expected to skyrocket from $565M in 2023 to $1,988M by 2032, with a CAGR of 15%, the market reflects our deepening bond with pets. This era of growth, underscored by a pet population poised to hit 72M by 2032, is fueled by enhanced pet parenting, increased disposable incomes, and widespread pet adoption. This National Pet Day, let's embrace the opportunities shaping the future of pet care in India. Read more about this market report: @https://lnkd.in/gwYtxTkE #NationalPetDay #IndianPetFoodIndustry #PetFoodMarket #PetFoodTransformation #PetFoodDemand #PetIndustryGrowth #PetImports #PetPopulation #PetParenting #PetAdoption #PetLoversIndia #FurBabiesIndia #PetCareIndia #PetHealth #IMARCServices #imarcgroup #marketresearch #marketinsights #greatplacetowork #bestworkplacesforwomen

Indian Pet Industry is BOOMING or Is it a Myth?: The Indian pet industry is indeed experiencing significant growth, and it’s far from a myth! According to reports, the pet care sector in India is projected to grow at a compound annual growth rate (CAGR) of 20% over the next five years. Let’s delve into some key statistics and projections: Pet Population: India currently has around 30 million pet dogs and approximately 5.5 million domestic pet cats2. The canine population saw a sharp rise between 2019 and 2021, with many people adopting pets during the Covid years for companionship and coping with lockdown challenges. Market Size:The pet care industry in India is currently estimated to be worth around $900 million. The Indian pet food market is expected to reach nearly $650 million in 2024. By 2025, the industry is anticipated to hit the impressive mark of $2.5 billion1. Growth Expectations:The industry is expected to see 19% annual growth over the next 10 years, making it one of the fastest-developing pet markets globally2. The pet services sector is also projected to reach $0.5 billion by 2025. The Indian pet industry is thriving, and its growth trajectory is backed by both increasing pet ownership and expanding market opportunities. As more pet-related products and services emerge, the industry is set to flourish even further in the coming years! For Media related inquires do get in touch with us at 9152798612 or email us at [email protected] #petindustry #petzcareindia #Indianpetindustry #petfood #Indianpetservices #Indianpetfood DR. Madhurita Gupta PETEX INDIA Harshitha Reddy Mradul Goel Director Marketing Lyanne Dcosta Dr. Kedar Berde Nitinn Divekar M. Parthasarathy Nikita Agarwal

🐾 Exciting News for Pet Lovers in India! 🐾 🌟 Royal Canin, the renowned French pet food maker, has just opened its first packaging plant in India, Bhiwandi, Maharashtra. With a whopping investment of ₹100 crore, this state-of-the-art facility is now the second-largest in Asia! 📦 This new packaging center boasts automatic packing machines and utilities to transform bulk products into retail packs tailored to meet the needs of Indian pet owners. 🌏 Cecile Coutens, the global president of Royal Canin, expressed optimism about the Indian market's potential for growth in the pet food category. With over 31 million pet dogs and 2.44 million pet cats in India, there's a huge opportunity for expansion. 💼 Recognizing the emerging market, Royal Canin plans to localize its approach and be more flexible in meeting Indian consumers' needs. 💰 The Indian pet care industry, currently valued at $700 million, is growing at a rapid rate of 15% annually. However, packaged food penetration remains low, accounting for only 5% of pets' calorie intake, in contrast to over 90% in Europe. 🔍 To tap into this market, Royal Canin aims to introduce smaller packs and target veterinarians and breeders, leveraging its extensive range of 750 formulas for cats and dogs. Let's give a round of ap-paws to Royal Canin for their commitment to pet health and well-being in India! #RoyalCanin #PetCare #IndiaPetMarket #Innovation #FurEverFriends