According to Accurize Market Research India Pet Care Market is to hit and cross INR 16,000 Crore by 2030; Witnessing a CAGR of 18.3% from 2024 to 2030.

India's pet care market is experiencing unprecedented growth, driven by rising disposable incomes, urbanization, and a growing trend of pet ownership among Indian households. India has over 2.44 million pet cats and 31 million pet dogs, the fifth largest pet population globally. This is also boosting the growth of the global dog training services market. The rising incidences of nuclear families coupled with loneliness in society are drastically boosting the growth of the India Pet Care Market currently and is expected to increase further in the coming years. The adoption of pets among new generations adopting them as children is more prevalent coupled with a willingness to spend has led to the emergence of a service ecosystem of pet cafes, pet grooming, and pet insurance. Pet product categories such as oral care, gourmet snacks, and lifestyle will see a rise in demand, thereby supporting a rise in the growth of the market.

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Although, the pet food segment accounts for more than 60% of the market share, there seems to be a change in the demand for the other products. The consumers are expecting a more varied bouquet of offerings. Products such as supplements, accessories, treats, toys, and bowls would witness remarkable growth aligned with the same trend observed across mature pet markets such as the US and Europe. This change in the buying habits of the pet owners showcases a very good sign of the upcoming opportunities for the Indian pet care market. Also, there is a huge investment opportunity as start-ups are offering everything from pet cosmetics to tech-enabled pet tracking devices and smart collars.

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Key Trends Driving Market Growth
• Pets as a companion to combat anxiety and loneliness: Pets are serving as one of the best companions for families these days, to get rid of their loneliness.
• Increasing Pet Ownership: The number of pet owners in India is steadily increasing, particularly in urban areas. Dogs and cats continue to be the most popular pets, but there is also a growing demand for exotic pets like birds, reptiles, and small animals.
• Premiumization of Pet Care: Indian pet owners are becoming more discerning and are willing to spend more on premium pet products and services, such as high-quality food, grooming, and veterinary care.
• Online Pet Retail: E-commerce platforms are gaining popularity in the pet care market, offering convenience and a wide range of products.
• Pet-Friendly Spaces: There is a growing trend of pet-friendly cafes, restaurants, and accommodations, catering to the needs of pet owners and their furry companions.

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