India’s pandemic pet boom just the start of rapid industry growth, say analysts

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 66%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Pet care has driven a surge in new businesses and jobs, and is expected to grow into a US$1.2 billion sector by 2025.

NEW DELHI: Ms Sanjana Sinha adopted two dogs named Bailey and Casper during the COVID-19 pandemic - and they were crucial to her and her family’s mental health during lockdown periods.“And I think he’s also the reason for us to go out to the parks in the morning, in the evening, step out, step away from our laptops during work.

Industry players said pet adoption has gone up across the board, growing at an estimated 11 per cent yearly.Analysts said this unprecedented boom in India’s pet industry is just the start, and projected to more than double in size within three years. Other freelance work in the sector, including dog walkers, pet sitters and groomers, have also seen a surge in customers and income.Established players in the Indian consumer market, such as Nestle India and Emami, have made forays into pet care products and invested millions in the industry.Besides the conglomerates, local pet care businesses have also benefited.

Apart from spending on essentials like pet food, medicines, vaccines and grooming products, consumers are also splurging on items to indulge their pets, such as chew toys and fancy cots.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Singapore guys know that India must face economic hardships and rising costs of living now ! 👽

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 6. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Japan finance minister says govt must stick to budget balancing goalTOKYO : Japanese Finance Minister Shunichi Suzuki said on Friday that the government must stick to its aim of achieving a primary budget surplus in fiscal year 2025 despite a planned increase in defence spending.Suzuki was asked whether the defence budget may make it difficult to meet the primary budget b
Fonte: ChannelNewsAsia - 🏆 6. / 66 Consulte Mais informação »