PANAJI: Indian dog food companies
are likely to clock a double digit growth in sales in current fiscal
and this growth trajectory is expected to continue in the coming years
too, an industry official said. "While the world pet food market is worth $65.8 billion and registered a 4% growth, the Indian pet food market has been showing a rapid growth. As per Euro Monitor, it has a market size of Rs 368 crore as of 2011," said Awral Beri, the founder of Kennel Kitchen, a dog food brand of Gitwako Farms (I) Pvt Limited.
Beri said that as per Pet Food Market Assessment 2013, the sector in India is witnessing double-digit growth, well ahead of the global market, and is expected to continue its rally in coming years.
