BW Businessworld Explores Rapidly Growing Indian Pet Care Economy In Latest Issue
BW Businessworld unveils its latest special issue as part of the continuation of its series focusing on emerging sectors in India. This edition, dated April 6, 2024 takes a deep dive into the thriving Indian pet care industry. The issue also celebrates the achievements of young leaders in the automotive sector with its BW Auto World 40 Under 40 coverage.
For more insights and the full stories, read BW Businessworld’s latest digital edition here.
Growth Potential of Indian Pet Care Industry
The pet care economy in India is on the brink of unprecedented growth, with projections indicating that the market will surpass $3 billion in the coming year, boasting a compound annual growth rate (CAGR) of 20 per cent. This explosive growth is attributed to changing consumer preferences, the lavish spending habits of high-net-worth individual (HNI) households on pet care, and investments in the sector. Companies such as Drools have already achieved a valuation of $600 million, hinting that India's first unicorn in the pet care sector may be on the horizon.
BW Businessworld's special issue features in-depth interviews with founders and CEOs from market leaders like Drools Pet Food, Heads Up For Tails, Super Tails, Zigly and international market leaders such as Mars Pet Care and Royal Canin, shedding light on the dynamics propelling this industry forward. From premium pet products to innovative pet insurance solutions, the sector is rapidly adapting to meet the evolving needs of pet parents. Technological advancements and shifting consumer habits are also identified as key drivers of innovation and growth within this vibrant industry.
Celebrating Young BW Auto World Trailblazers
In addition to exploring the pet care industry, this issue highlights the BW Auto World 40 Under 40, an initiative that honours the exceptional accomplishments of young talent in the automotive sector. Under the guidance of Jury Chair Jyoti Malhotra, Managing Director, Volvo Car India, this year’s honorees represent a diverse group of visionary entrepreneurs, innovative engineers, dynamic marketing strategists and advocates for sustainability.
The special coverage also features insights from Union Minister of Road Transport & Highways, Nitin Gadkari, who emphasises the crucial role young leaders play in driving innovation and transformation within the automotive industry.
For more insights and the full stories, read BW Businessworld’s latest digital edition here.
About BW Businessworld
BW Businessworld, with its 43 years of legacy, is the fastest-growing 360-degree business media house in India. With a network spanning 23 niche business communities and 10 magazines, BW Businessworld is proud to be entrenched in various verticals in the domestic as well as global business, that organise conferences and forums to facilitate interaction between sectoral business leaders and create a conducive environment for collaboration. All BW issues are also fully digitally covered, including online stories and video stories and eMagazine is also available for every issue.
