Market Size of india pet food Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 0.85 Billion |
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Market Size (2029) | USD 1.87 Billion |
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Largest Share by Pets | Dogs |
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CAGR (2024 - 2029) | 17.08 % |
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Fastest Growing by Pets | Dogs |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
India Pet Food Market Analysis
The India Pet Food Market size is estimated at USD 0.85 billion in 2024, and is expected to reach USD 1.87 billion by 2029, growing at a CAGR of 17.08% during the forecast period (2024-2029).
0.85 Billion
Market Size in 2024 (USD)
1.87 Billion
Market Size in 2029 (USD)
16.46 %
CAGR (2017-2023)
17.08 %
CAGR (2024-2029)
Largest Market by Product
74.42 %
value share, Food, 2022
The increase in the usage of commercial foods such as kibbles and wet foods and the increasing demand for high-quality custom-made foods increased the share of food products.
Largest Market by Animal
91.80 %
value share, Dogs, 2022
The higher population of dogs and the increased demand for dry pet food, dog treats, and veterinary diets in the country have primarily contributed to the growth of the market.
Fastest-growing Market by Product
19.99 %
Projected CAGR, Pet Treats, 2023-2029
The increasing awareness, the vital role of treats in training, rewarding, and supporting the well-being of pets, and consumer focus on pet health are driving the market growth.
Fastest-growing Market by Animal
17.73 %
Projected CAGR, Dogs, 2023-2029
Due to the rising pet ownership rates of dogs compared to other pets, the demand for commercial pet food products concerning the dog segment in the country is growing rapidly.
Leading Market Player
34.49 %
market share, Mars Incorporated, 2022
Mars, Incorporated is the market leader. It primarily focuses on product innovations in the country and has expanded its pet food production factory in Telangana.
Dogs dominated the market owing to their high population and availability of a wide range of pet food options
- In Asia-Pacific, India is one of the emerging pet food markets. In 2022, it accounted for a 2.1% share of the region's pet food market, an increase of 113.0% during 2017-2022. This growth was due to the significant increase in the pet population, the rise in the pet humanization trend, and the higher usage of commercial pet food products over home-cooked foods.
- Dogs are the most popular companion animals adopted in the country. The dog food segment accounts for the largest share of the country's pet food market. It held a market value of USD 562.7 million in 2022, which is anticipated to reach USD 1,760.1 million in 2029. The segment's significant share and growth are associated with a significant number of pet owners shifting from home-cooked food to commercial pet food in the country and dogs holding a significant share of the pet population. Dogs accounted for 87.7% of the pet population in 2022, whereas cats accounted for a 9.0% share.
- Cats held the second-largest share in the country's pet food market, amounting to 7.0% in 2022, anticipated to record a CAGR of 12.7% during the forecast period. This is due to the increase in the cat population by 88.6% during 2017-2022, changing attitudes toward cats among pet owners, and the rise in popularity of cats as pets due to their low maintenance requirements.
- The other pets segment includes birds, ornamental fish, small mammals, and rodents. These animals have unique nutritional requirements that are fulfilled through specialized pet food products. In 2022, the segment was valued at USD 7.1 million.
- The growth in pet population, increasing usage of commercial foods, and the rise in pet humanization are the factors anticipated to drive the Indian pet food market during the forecast period with a CAGR of 17.3%.
Understand The Key Trends Shaping This Market
