May 2010
Executive Summary
Total market for pet food in India was valued at INR X mn in 20--; Expected to reach INR Y mn by
20-- at a CAGR of A%
Pet food market is categorised into three major segments
Market – Dog Food, Cat Food and Others including fish food, bird food and food for other animals
LE
The market is at a nascent stage in India but increasing pet ownership and humanisation trend
of pets has made the domestic market attractive with major focus on key urban cities
P
Drivers &
Challenges
Drivers:
SAM
• Low penetration of branded pet food
• Increasing pet ownership
• Increasing consumer awareness
Challenges:
• High import duties and frequent bans on
imports
E
•Changing outlook of people towards animals
L
and increasing ownership of pets is fuelling
growth in the market
P
3,000
2,000
X
A%
M
1,000
•Pet owners are now more willing to spend on
SA
pet diet and health which has led to a gradual
shift towards packaged pet food rather than
home cooked food
0
2008
Segmentation of Pet Food Market
Segment 3
2012e
Source:
E
•Due to the increase in the number of pets and 200 A%
L
r
growing health concerns, foreign brands are 150
MP
•Premium and sub-premium brands give the
100
50
p
q
Source:
Drivers
Dominance of non-
vegetarian dog food
Trends
Players providing
Increasing promotional
customized products and
activities
services
E
Q%
L
requirements based on age, weight and activity
P
• X pet nutrition is the category catered for by most of
the players because majority of the pet ownership in P%
India consists of X
SAM
• Dog food includes treats and snacks such as biscuits,
Source:
Source:
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