Category: Pets Market

Investors pounce on India’s pet care industry with $77 million in investments

Posted on by Indah
The realm of pets has experienced a remarkable transformation in India, exemplifying the deep bond people share with their animal companions. India’s pet population, estimated at around 32 million, is steadily expanding at an annual rate of 11 percent. Capitalizing on this surge in pet ownership, 70 new pet care companies have emerged over the past two years, according to the Decipher report. As people increasingly invest in pet care products and services, the appetite among investors for this burgeoning sector is also on the rise. Between 2021 and 2022, the industry attracted investments totaling $77 million, as reported by…
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India Pets Business: Paw Power: How pets are becoming a serious business in India

Posted on by Indah
Mahesh and Tina Shetty’s lives revolve around their three-year-old Labrador, Veer. When the 30-something IT professionals were transferred from Hyderabad to Mumbai at the end of 2021, they chose to live in Thane simply because of the pet boarding facilities there. “Since we have to go to the office at least two-three times a week, we needed options like dog sitters, boarding and grooming places and pet play areas,” says Tina. The Shettys often leave Veer at Woof N Goof Pet Resort, which charges Rs 500 for five hours of boarding and Rs 1,100 for 24 hours. Now they have…
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United States Pet Food Market to Surge past US$ 60,234

Posted on by Indah
NEWARK, Del., Aug. 22, 2023 (GLOBE NEWSWIRE) — The United States Pet Food Market is anticipated to grow from US$ 40,860.8 million in 2023 to US$ 60,234.0 million in 2033. Pet food sales in the United States are predicted to increase at a substantial rate CAGR of 4.0% by 2033. The demand for pet food is soaring in the United States due to a large number of pet owners who place a high value on the welfare of their companion animals. The sector has experienced significant development and innovation. This has largely been in terms of alternative sources of protein,…
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Fresh Pet Food Market in US to grow by USD 5.34 billion from 2022 to 2027, The new product launches to boost market growth- Technavio

Posted on by Indah
NEW YORK, Sept. 8, 2023 /PRNewswire/ — The fresh pet food market in US is expected to grow by USD 5.34 billion from 2022 to 2027, according to Technavio. In addition, the growth momentum of the market will progress at a CAGR of 29.34% during the forecast period. New product launches are notably driving the fresh pet food market in the US. However, factors such as Lower shelf life compared with processed pet foods may impede market growth. The market is segmented by Product (Dog food, Cat food, and Others), Distribution Channel (Offline and Online), and Type (Fish, Meat, Vegetables,…
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Alphia may be sold for more than US$1 Bill

Posted on by Indah
Executives for pet food manufacturer Alphia may be looking to sell the company for more than US$1 billion, reported Reuters citing an anonymous source. Alphia is working with investment bank Goldman Sachs Group to explore this potential sale. However, the source stated that no deal is certain. About pet food maker Alphia Alphia is a portfolio company of JH Whitney Capital Partners, a Connecticut, USA-based private-equity firm, according to Petfood Industry’s Top Companies Current Data. Alphia works with pet food brands as a co-manufacturer and retailer looking to develop, revise or expand their pet food brands. Alphia can produce dry…
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Why the Luxury Market for Pets Is Exploding

Posted on by Indah
Pampered pooches and coddled cats are getting treated better than ever. Pet owners in the UK are spending almost £500 ($620) a year on luxury items for their furry friends in a skyrocketing luxury pet market, according to data from MoneySuperMarket. These purchases included designer clothing, luxury beds, toys, and even gourmet treats. One of the biggest reasons for the augmented interest is the fact that more people have pets due to Covid-19, Forbes reported. But a surprising trend emerging from those pandemic pooches is putting Fido first. “People enjoy spoiling their dogs because it makes them feel better, and…
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Middle-income South Africans boost R8 mth pet market: Survey – SABC News

Posted on by Indah
Reading Time: 3 minutes Despite the economy barely growing and households short on disposable income, most still spend a significant amount on pet care. According to the annual BrandMapp survey, South Africa’s middle-income base contributes more to the pet market valued at over R8 billion a year. Ultimate Pet Care, the largest mobile grooming parlor in the country, says households spend an average of R2000 and above for pet care. Hannes Roodt runs a grooming parlor that boasts 50-plus franchises. Together they groom just under 10 000 dogs a month. Just last year, the business expanded and added a pet…
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Explore how Indonesia’s Shifting Attitudes Toward Pet Adoption is going to Reshape the Pet Care Market to be worth US$ 5.89 Billion by 2033

Posted on by Indah
NEWARK, DE / ACCESSWIRE / April 25, 2023 / The Indonesia pet care market is expected to reach US$ 2,298.4 Million in 2023. The market is likely to surpass US$ 5,883.2 Million by 2033 at a CAGR of 9.5% from 2023 to 2033. The pet care industry in Indonesia has experienced significant growth in recent years, driven by several key factors. One of the primary drivers of growth in the industry is the increasing number of pet owners in the country. This growing pet population is creating new opportunities for companies that offer pet food, grooming, and healthcare products and…
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