₹4,000 crore and is expected to grow significantly over the next five years. India's pet care industry is set to touch ₹10,000 crore by 2025, prompting companies like Nestle India and Emami to enter the sector.
Mars Petcare and Himalaya Wellness Company are the two major companies operating in the segment. Last week, Nestle India entered into the segment by acquiring the pet foods business from its fellow subsidiary Purina Petcare India for ₹123.5 crore.
Last month, Emami announced to invest in a pet-care startup Cannis Lupus Services India, offering Ayurvedic remedies for pets under the brand "Fur Ball Story". "India is one of the fastest growing pet care markets in the world.
The growth is led by factors, such as rising incomes, nuclear families, and changing attitudes toward pets and pet owners. A number of people during the lockdown filled their emptiness by adopting a pet.