India Pet Food Market Overview
India Pet Food Market is anticipated to register significant growth over the coming years owing to the rising adoption of pets in the country. An increase in the number of nuclear families, the rapid pace of urbanization, government initiatives for encouraging the adoption of pets, and the rising concerns for the healthy growth of pets are some of the potential drivers for the India pet food market in the years to come. Moreover, the growing premiumization coupled with an increase in the demand for enhanced quality pet food is anticipated to benefit the India pet food market to register a double-digit growth rate during the forecast period. The market has seen a halt owing to the massive outbreak of COVID-19 which resulted in nationwide lockdowns to combat the spread of the virus and has led to a decline in the overall market growth.
According to 6Wresearch, India Pet Food Market size is projected to grow at CAGR of 12.3% during 2020-2026. Amidst the ongoing COVID-19 pandemic, the pet care industry is undergoing a major downfall owing to the dried-up offline sales backed by a complete lockdown across the country. However, the pet food segment of the overall India pet care industry is not much affected as pet food is under the essential category domain of the industry. COVID-19 pandemic has thus, caused a sales dip in the India pet food market but not much as compared to the other domains of the pet care industry such as the pet accessories segment, which has been highly affected by the pandemic outbreak and the consequent shutdown of economic activities in the country during the past months.
Key Highlights of the Report:
- India Power Tools Market Overview
- India Power Tools Market Outlook
- Historical data of Global Power Tools Market for the Period 2014-2017
- Market Size & Forecast data of Global Power Tools Market until 2024
- Market Drivers and Restraints
- India Power Tools Market Trends and Opportunities
- Industry Life Cycle and Value Chain Analysis
- Porter's Five Forces Analysis
- India Power Tools Market Share, by Players
- India Power Tools Market Overview on Competitive Benchmarking
- Company Profiles
- Recommendations
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