Paw Power: How pets are becoming a serious business in India

India's pet care industry is growing at a CAGR of 16.5%, according to Decipher Market Research Agency, with the market size expected to reach $1,932.6m by 2030. The fastest growing pet care sectors are pet food, pet accessories, grooming, and healthcare, with increased spending leading to higher investor appetite. Premium pet products - such as organic food, luxury accessories, personalised nutrition, and telemedicine - have grown significantly, along with the number of pet care firms, with around 70 founded in the last two years alone.

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