Pets are becoming big business in India, a country of more than a billion, and industry figures said they see no slowdown in annual growth of 10 to 15%, according to an article by the French Press Agency (AFP) .
India's pet industry is valued at around US$45 million annually, according to research firm Euromonitor , still a minnow when compared to the annual US$40 billion of the US market.
"This is still a very virgin market for pet products, but it's growing well, there's so much demand," said J. Prakash, owner of VS Associates, a pet products importer.
Still in its infancy, cell-cultured meat is being looked at for its possibilities, but environmental challenges exist, as well.
By David Sprinkle
While forecasts can have short shelf lives, being overtaken by unforeseen events, there’s no question that the U.S. economy and American houseeholds have been buffeted by COVID-19 shutdowns and illnesses, patches of job insecurity despite low unemployment rates and record price inflation only partially offset by wage increases.