News

In recent years, rapid urbanisation, nuclear family structures, and the humanisation of pets have all contributed to the worldwide increase in pet ownership. According to a survey by Bonafide Research, the Indian pet care business is projected to reach Rs 5,474 crore by 2025. Tapping into the trends, companies are releasing a slew of luxury pet accessories such as touch-sensitive feeding bowls that load water as needed or food from a canister when the pet touches them. Pet owners are drawn to specialised products for a variety of reasons, including convenience, care and love for their furry friends, and are prepared to go the extra mile for their pets? wellbeing, way beyond just ensuring they are well fed.

Read More...

The pandemic has opened up abundant opportunities for players in India's pet industry. The demand for pets is more today than ever. With it, the demand for pet food, accessories, grooming products and toys is also on the rise. According to the report titled "India Pet Care Market Outlook, 2025", by Bonafide Research, the Indian pet care market is expected to reach INR 5457 crore by the end of the year 2025. It will register a CAGR of more than 19 per cent. Today, there is also a huge opportunity for entrepreneurs to explore innovative business models in the space such as arranging pet-friendly vacations, pet gifts, consulting services, adoption services for street dogs, among others. We are also seeing the adoption of animals other than dogs and cats including birds, turtles, and tortoises.

Read More...

India?s pet care market is expected to grow to Rs 7,500 crore by the end of 2026, on account of rising nuclear families, double-income households, change in lifestyle, urbanisation, and increasing pet ownership, according to a report by Bonafide Research. Nearly all these are reasons for more people travelling with their pets. Nuclear families mean there are fewer options to leave pets behind. Also, the pandemic resulted in more people undertaking driving holidays, making it that much easier to travel with pets. ?There has been an exponential increase in the number of pet families that have been checking in, particularly in the past couple of years. One of the impacts of the pandemic is that there was a huge increase in the number of people taking road trips, which then allowed a lot of families to travel with their pets, and hence look for pet-friendly accommodation,? says a spokesperson from Lemon Tree Hotels; the chain has three pet-friendly hotels in Coorg, Goa, and Manesar. While ITC Hotels launched their ?Petcaytion? initiative a few years ago, they too have seen an increase in demand post the pandemic. ?Post the pandemic, many travellers are seeking destinations that allow pet stays. Everyone wants to enjoy a vacation and the pleasure of having their pets with them really multiplies their joy, besides giving them worry-free stays that they may not have experienced earlier leaving their pets at home,? says Anil Chadha, Divisional Chief Executive-ITC Hotels. Welcomhotels at leisure destinations such as Amritsar, Shimla and Jodhpur are pet friendly, along with ITC Grand Goa, ITC Chola (Chennai), ITC Grand Bharat (Manesar) and ITC Rajputana (Jaipur). Ensuring that your stay is completely worry-free, ITC Hotels also provides a vet-on-call.

Read More...

Bonafide Research's recent report 'India Breakfast Cereal Market Outlook, 2021', said only a handful of companies - Kellogg?s India, Bagrry and PepsiCo Quaker - command 75% of the market, leaving room for competitors. To put India?s numbers in perspective, Euromonitor said in a November 2014 report that the US cereal retail value sales are expected to drop 8% from 2014 to 2018. Companies, such as Kellogg, have realized how important these burgeoning markets are and have spoken extensively about targeting emerging cereal markets.

Read More...