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.
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.
The May 2019 issue of Petfood Industry includes our exclusive list of the top 50 pet food companies from our Top Pet Food Companies database, which profiles leading pet food companies around the world.