India is the second fastest growing countries in the world. This clearly shows that India is fast becoming one of the biggest markets for pet industry. There are multiple factors that contribute to this development. The primary factor is the increase of Indian middle class population with disposable income. The annual disposable income of Indians has reached up to $1.576 billion in 2012. This has propelled people to spend a bit extra on their pets. Pet lovers do not mind splurging a few extra pennies on their pampered pets.
Another important factor is rise in pet parents in metro and Tier II cities. Pet parents treat their pets like family members. The pet population in India has grown from 7 million in 2006 to 10 million in 2011. On an average 6 lakh pets are adopted every year.
Pet lovers brought more dogs home during Covid and the trends seem to be continuing.
The number of pet businesses have risen many folds in India over time. IIPTF is an important platform for exhibitors to showcase their pet care products, services, food and accessories etc.