Indian Pet Food Ingredient Market – Opportunities & Forecast, 2020-2027

1. Report Title Indian Pet Food Ingredient Market – Opportunities & Forecast, 2020-2027 GMI Research GMI Research See the Future Insights 1

2. The market report studies the impact of COVID-19 on the market while covering many aspects of the industry such as market size, market status, emerging trends, and forecast. The report also offers a brief information of the competitors and the specific growth opportunities, along with key market drivers. Key Drivers of India Pet Food Ingredient Market: The primary factors responsible for the surge in demand for the pet food ingredients market include the rising adoption rate of pets and the increasing demand for premium pet foods. The high disposable income of the middle-class population has eventually boosted the total spending capacity on pets. Moreover, government programs emphasized on encouraging pet adoption are growing adoption rates for dogs and cats. The rising trend of keeping a pet as a companion of the owners and the increasing health concerns of the pets will positively impact the demand of the pet food market in the upcoming years. According to the pet food industry, around 95% of the pet owners consider their pets a part of their family, thus emphasizing on the significance of pet food quality. Increasing dog and cat adoption, along with the rising focus on improving productivity and health are some of the major factors bolstering the market growth. Presently, most of the ingredients used in the preparation of companion animal’s food are synthetically owing to their reduced cost and ease of availability. Furthermore, growing concern regarding the harmful effect of certain synthetic ingredients, a consistent decrease in the use of antibiotics such as ethoxyquin, and the rising focus of policymakers to surge the use of organic and natural products are certain drivers fuelling the growth of Indian pet food ingredient market. Additionally, a rising number of diseases like diarrhea and chronic nausea owing to an unhealthy gut and improper diet pattern is further driving the market growth. Omega -3 fatty acids, prebiotics and probiotics, Mannan-oligosaccharide (MOS), beta-glucan, and fructo-oligosaccharides (FOS) are widely used in the preparation of pet food ingredients to improve gut health. These ingredients promote anti-tumor and anti-microbial activities by binding macrophages and white blood cell receptors. 2

3. The fundamental change in customer preference towards vegan and grain-free pet food products will propel the overall demand of the India pet food ingredient market. The easy availability of pet food products across numerous platforms such as retails shops, supermarkets, and online stores will further accelerate the growth of the market. Several leading players are largely aiming at product innovation, such as the introduction of vegan and grain-free pet food products to capture the changing demands of the pet owners. On the other edge of the spectrum, the non-uniformity in regulations will hamper the international trade business, particularly in developing countries, which is the key factor restraining the growth of the India pet food ingredient market. India Pet Food Ingredient Market Segmentation: The India pet food ingredient market has been segmented into the following categories: India Pet Food Ingredient Market by Ingredient: •Cereals oCorn & cornmeal oWheat & wheat meal oBarley oRice •Vegetables & Fruits oPotatoes oSoybean & Soybean Meal oCarrots oFruits •Fats oFish oil oTallow 3

4. oLard oPoultry fat oVegetable oil •Meat and meat products oDeboned meat oMeat meal oBy-product meal oAnimal digest •Additives oVitamins & minerals oEnzymes oOthers Market by Source: •Animal Derivatives •Plant Derivatives •Synthetic Market by Pet: •Dog •Cat •Fish •Others Market by Form: •Dry Pet Food Ingredient •Wet Pet Food Ingredient 4

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