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Why is the pet market a booming industry today?

Ankita Singhal December 2022
Why is the pet market a booming industry today?

The pet market is booming, whether it is an increase in pet owners globally, pet food, or pet care products. According to industry analysts, the pet care market was worth USD 280 billion in 2022 and is expected to grow at a CAGR of more than 7% from 2023 to 2032. The growth is led by rising incomes and changing attitudes toward pets and pet owners. The global pet care market was valued at USD 207.90 billion in 2020

India has become one of the fastest-growing pet care markets worldwide. The market size of the pet industry in India is growing at a rate of 13.9% annually, making it one of the fastest-growing pet care markets in the world. Many households realized the benefits of having pets during COVID when dealing with stress and anxiety. During the lockdown, the market saw a rise in demand because several people felt lonely. And this trend was in all metro areas, including tier II and III cities. 

From trends to pet industry statistics in India, there are many unknown facts about the pet market that you need to learn. The pet market mainly focuses on pet food, hygiene, and daily pet care products. Buying them is a hefty expenditure. Also, it is essential for pets because they need a lot of care. And during inflation, there was no shortage of pet supplies at any of the pet stores. Experts expect the global pet food market to exhibit a CAGR of 5.42% during 2022–2027. Despite these substantial numbers, there are still many households where pets still need to be welcomed. People still bought luxury products for their pets when their wallets could not support them.

The love for pets is growing daily, specifically after COVID-19, as everyone is searching for companionship. Hence, the world has seen an increase in demand for pet ownership.

How MMP provides you with a hassle-free experience while buying a pet?

Today, pet parents take health, grooming, and wellness more seriously than ever. It is the most common requirement beyond the pet's high-quality food. The increase in demand in every sector related to pets led to more confusion for customers about which company or pet shop is best for their pup. 

Many platforms can educate you and provide as much information about your fur baby as possible. Still, Mr N Mrs Pet is India's first pet-sensitive end-to-end platform that educates a potential pet parent and aggregates all essential services. We provide ethical pet sourcing and all pet-related services, including advice on how to care for your pets. MMP helps guide all those pet parents who do not have any experience owning a pet. 

MMP fills all of the gaps that exist in the pet industry. To provide the best possible service to all pet lovers, we work as a team to maintain positive relationships with customers, breeders, and pet service providers.

Why are MMP services best for your pet?

From grooming to walking, training, and boarding services, we are committed to providing all types of quality services that are safe, affordable, and easy for every pet parent. We offer professional trainers and groomers that are safe, hygienic, and trusted sources of MMP to take care of your pet. We are the best at what we do to provide your pup with what he deserves. 

We are the one-stop shop for pet lovers because we have skilled pet professionals at reasonable prices. With personalized pet care, safe and secure payments, recurring payments, and vaccinated and insured pets. MMP services are the best for your pets.

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