When Nestle launched the Indian arm of its dog and cat food business in late 2017, parent-company Nestle kept it separate from Nestle India. However, in October, Purina Petcare India will become part of Nestle India, reported the Business Standard. Switzerland-based Nestle S.A. owns Purina Petcare India and 62.76% of Nestle India. The integration of Purina Petcare India with Nestle India will cost INR1,253 million (US$15.95 million). For the financial year ended March 31, 2022, Purina Petcare India reported turnover of INR360 million (US$4.58 million). Purina Petcare India does not have manufacturing facilities of its own. The company imports all products, mostly from Nestle Thailand and Nestle Australia. While Purina Petcare India primarily sells dry dog and cat food, earlier this year the company launched wet cat foods under the Fancy Feast brand.
Mordor Intelligence projects a 4.7% compound annual growth rate for the Indian pet food market from 2022 to 2027. The market research group’s analysts noted that, although pet ownership increased in some nations during the ongoing pandemic, COVID-19 had a mixed effect on Indian pet owners. False rumors that pets could act as effective vectors for transmitting COVID-19 led some pet owners to abandon their pets. The Indian pet food market launched an awareness campaign to fight these unfounded fears. At the same time, India experienced the same pet food stockpiling also seen globally for many products. Supply chain, transport and other logistical challenges further complicated the Indian pet food market throughout the lingering pandemic.
Throughout the pandemic, Purina PetCare has continually grown sales. Worldwide, Purina PetCare continued delivering strong sales for parent company Nestle in the first half of 2022. Nestle released financial results on July 28. Purina’s sales reached CHF8,589 million (US$9.03 billion) in the first half of 2022, up from CHF7,403 (US$7,782 million) in the same period last year. Real internal growth reached 5.1%, with organic growth of 13.9%.
“By product category, Purina PetCare was the largest contributor to organic growth, with continued momentum for science-based and premium brands Purina Pro Plan, Purina ONE and Fancy Feast as well as veterinary products,” the company stated in a press release.
Tim Wall covers the dog, cat and other pet food industries as a senior reporter for WATT Global Media. His work has appeared in Scientific American, Live Science, Discovery News, Honduras Weekly, Global Journalist and other outlets. He holds an M.A. in journalism and an M.S. in natural resources, both from the University of Missouri - Columbia, along with a bachelor's degree in biology.
Wall served in the Peace Corps in Honduras from 2005 to 2007, where he coordinated with the town government of Moroceli to organize a municipal trash collection system, taught environmental science, translated for medical brigades and facilitated sustainable agriculture, along with other projects.
Contact Wall via https://www.wattglobalmedia.com/contact-us/
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