India Pet Snacks And Treats Market Size & Outlook
India pet snacks and treats market, 2018-2030 (US$M)
Related Markets
India pet snacks and treats market highlights
- The India pet snacks and treats market generated a revenue of USD 390.5 million in 2023 and is expected to reach USD 917.7 million by 2030.
- The India market is expected to grow at a CAGR of 13% from 2024 to 2030.
- In terms of segment, eatables was the largest revenue generating product in 2023.
- Chewables is the most lucrative product segment registering the fastest growth during the forecast period.
Pet snacks and treats market data book summary
| Market revenue in 2023 | USD 390.5 million |
| Market revenue in 2030 | USD 917.7 million |
| Growth rate | 13% (CAGR from 2023 to 2030) |
| Largest segment | Eatables |
| Fastest growing segment | Chewables |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Eatables, Chewables |
| Key market players worldwide | Mars Group Holdings Corp, Nestle SA, JM Smucker Co, General Mills Inc, Colgate Palmolive, Nestle Purina Petcare, Spectrum Brands Holdings Inc, Wellness Pet Company, VAFO Group |
Other key industry trends
- In terms of revenue, India accounted for 1.1% of the global pet snacks and treats market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China pet snacks and treats market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,551.6 million by 2030.
Eatables was the largest segment with a revenue share of 63.92% in 2023. Horizon Databook has segmented the India pet snacks and treats market based on eatables, chewables covering the revenue growth of each sub-segment from 2018 to 2030.
India's pet snacks and treats market is largely driven by the increasing trend of nuclear families, rising income levels, and the growing popularity of dogs as pets. According to an article published in The Economic Times in May 2023, India has a pet population of approximately 32 million, growing at the rate of 11% annually.
Moreover, the changing lifestyles of people in the country especially increasing health consciousness among the younger population have extended to pets, a trend that is expected to drive the market for healthy and nutritious pet snacks and treats.
In October 2023, Scientific Remedies, an animal health company, unveiled the pet food brand Affinity Advance in India. This launch marked a collaborative effort between Scientific Remedies and Affinity Petcare, with a shared goal of delivering the highest quality pet food to pet owners across India.
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Pet Snacks And Treats Market Scope
Pet Snacks And Treats Market Companies
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India pet snacks and treats market size, by product, 2018-2030 (US$M)
India Pet Snacks And Treats Market Outlook Share, 2023 & 2030 (US$M)
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