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Market report: Petfood in India on the rise

India’s economic growth and rapid urbanization are driving its petfood industry forward
The Indian pet industry has come a long way in the past decade. What was once a motley crew of shop keepers casually selling a sparse and sometimes dubious assortment of shampoos and biscuits has now evolved into an US$800-million-plus industry.
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Global market update: Emerging petfood segments

While developed markets are focusing on ingredients, sourcing and labels, emerging markets are growing with exports and consumer education
According to Euromonitor International, established petfood markets in the US, Japan, Brazil and the UK continue to rule with their retail dominance, but newcomers like Russia, Italy and India are lining up for their very own share from the global petfood bowl. Rising disposable incomes in emerging markets like India and China, coupled with rapid growth in Russia, Ukraine, Indonesia and Vietnam have these regions ready to play a much bigger role in the worldwide petfood and treat market in the upcoming years.
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