Indian Pet Food Ingredient Market – Forecast, 2020-2027The primary factors respo - Gurgaon

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.

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