In 2023, the import volume of dog or cat food to India stood at 30.5 million kilograms. Moving forward, the forecasted data for 2024 to 2028 indicates a steady increase in import volumes, with figures reaching 37.32 million kilograms by 2028. The year-on-year growth rates from 2024 to 2028 are as follows:
- 2024: 4.32%
- 2025: 4.46%
- 2026: 4.18%
- 2027: 3.93%
- 2028: 3.72%
Over the last two years (2022-2023), a noticeable uptick from 29 million kilograms to 30.5 million kilograms was observed, marking a 5.17% increase. The Compound Annual Growth Rate (CAGR) over the five-year forecast period (2024-2028) is projected at approximately 4.12% per year.
Future trends to watch for include potential shifts in consumer preferences towards premium pet foods, possible import regulations changes, and the increasing influence of e-commerce in pet product distribution, which could further influence import volumes.
