Pet Food Webinar Flyer

WEBINAR Pet Food and Accessories Trends & Opportunity in India What makes the Indian Pet Food market so attractive to Canada? The Pet food industry in India is witnessing a massive upsurge in the last few years, with significant headroom for further growth. Canada is currently India’s 8 th largest pet food supplier, with a reputable brand, and accelerating market-share. Exports from Canada have increased from USD $379,059 in 2017, to USD $1.5 Mn. in 2020, accounting for just 2% of India’s total pet food imports. There is plenty of growth potential! Guest Speaker Ashish Anthony Founder & Director, Just Dogs India Register online at https://forms.gle/RpuDoZYU4e2nP51c7 For more information, contact [email protected] 15 September 2021 Growing Market The pet food market in India has doubled from a retail sale value of US$139.0 million in 2014 to US$284.8 million in 2018, and is projected to double again to US$587.0 million by 2023. Distribution Channels Pet shops were the biggest distribution channel (41.9%) in India, followed by veterinary clinics (39.9%). Online retailing of pet food is on the rise at a CAGR of 10.7% Growing Pet Population In 2019, Indians owned 20 million pet dogs. That is expected to rise to 31 million by 2023. Dogs are the most popular pets in Indian households, followed by Cats, fish and birds, a trend accelerated by Covid-19. Lack of Domestic Production In the absence of organised pet food manufacturing facilities, the market is going to rely heavily on imported pet food especially in the premium category. Poised for Growth Between January 2014 and December 2020, 937 pet food products were launched in India. The informed pet owners are now switching over to premium category preferring quality.