India is dwelling to roughly two crore pet canine. The worth of meals they devour is to the tune of ₹1,200 crore yearly and it’s growing at a wholesome tempo, based on Jiyaul Hoque, Country Manager, Pedigree, an animal feed firm.
About 19 million different home pets are additionally at present stored in houses. Annually, about 6 lakh extra are being adopted. The market is growing at 13.9 p.c yearly and might be price roughly $430 million or ₹278 crore by 2020.
India is among the fastest growing pet care markets on the planet. Growth is recorded in all classes, together with pet meals, pet prescribed drugs, grooming, toys and equipment.
The key drivers of this development are urbanisation, rise in nuclear households, altering perceptions in the direction of pets and pet homeowners, stated specialists at a curtain raiser meet on Petex India ’19 meet in Hyderabad.
Petex India is taken into account the nation’s largest exhibition on pet care merchandise and show of animals. This time, the occasion might be held on the Hitex Exhibition Centre right here on November 1-3.
Three occasions might be held in a single place. They are one-stop expo for pet business in India; the Asia Pacific & HyCan International Championship Dog Shows; and FCI Cat Show. The occasion is being collectively organized by Hitex, Hyderabad Canine Club and Petex India.
The present will showcase 500-plus canine of greater than 50 breeds and uncommon breeds, each Indian and international. Nearly 200 cats will even be on show. Incidentally, it’s also the silver jubilee yr of the Hyderabad Canine Club.
In India, canine are extra well-liked as pets than cats, birds, fish and so forth. Therefore, the pet food section is predicted to proceed its dominance as the most important income contributor, adopted by cat and fish meals segments, the specialists stated. Pet care manufacturers are introducing totally different specialised pet meals merchandise which are wealthy in nutritional vitamins and minerals.
With the pet care markets in Europe and North America headed for saturation, Asia (with potential markets like India) is witnessing the entry of main worldwide manufacturers. A variety of Indian manufacturers are additionally scaling as much as meet the demand.
Among the specialists who spoke on the curtain raiser occasion have been Subhash Babu, President, Hyderabad Canine Club; Shaquib Pathan of Feline Club of India, and Sambit Mund of Hitex.