According to a report from Euromonitor International, the pet care market in India is estimated to reach Rs800 crore (US$144.8 million) by 2015 from Rs368 crore (US$66.6 million) in 2011, as pet ownership rises and fuels greater demand for pet care products.
Industry players estimate that average spending on pets is crossing more than Rs10,000 (US$180.74) per month, which includes daily hygiene care, petfood, vaccination and other services. As consumers in India gain a better understanding of their pets' needs, the report expects consumers may trade up to premium or specialized products. Pet owners in India will likely spend even more on services such as pet sitting, pet parties and spas as pets become more important in the country.
2 top trends for 2021 according to the pet food industry
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Shelter pet adoption numbers down in 2020, but high rate
While the pandemic caused unprecedented suffering worldwide in 2020, the disruptions to dogs, cats and other pets adoption numbers may normalize in 2021.