Brief intro about the date and venue of IIPTF 2008 (to put)
The Indian Pet Industry is growing at a fast pace. The focal point of the global pet market has shifted to Asia in the recent years. India is predicted to occupy the bulk of the pet fare in the coming years. The pet industry in India is expanding at an unprecedented rate and the time is ripe for Indian exporters and retailers to capture a significant share in the market.
IIPTF ‘2008 which opens from 29 Feb 08 till 2 March 08 will be an opportunity for Indian exporters to explore market trends and interact with foreign buyers on a global platform. Retailers, manufacturers, veterinarians and wholesale dealers can exhibit their products as well as trade them for a great bargain.
Pet related companies from other countries can also avail the opportunity of showcasing their products and services and benefit from the reduction of 10% of import duties on pet products in the ever-growing Indian market which boasts of a pet population of 5 million pet dogs, 2 million cats and has an annual growth rate of 26%. Foreign brands can explore import opportunities to India and interact with potential buyers and distributors directly.
According to a report released by Businesswire, the market for dog care in India increased at an average rate of 9.6% from 2000 to 2005. The major players in the market in 2005 were Mars Inc. and Royal Canin SA.
It is estimated that the Indian pet product market will grow at an annual rate of 10-15% between now and 2010. There is tremendous scope for Indian exporters to showcase their products and services at IIPTF ‘2008 to a large number of players associated with the pet industry from all across the globe.
Some of the major items for export from India are natural organic dog food, natural organic pet food, dog chews and bones. Pet accessories and toys also form a significant part of pet exports from India.
According to a recent survey, after China, all eyes are on India in the field of pet imports. Indian exporters are likely to benefit by investing in the upcoming pet market in India.
The Publisher of Creature Companions Magazine who is also the organizer of the IIPTF says, “Changes in lifestyle, increase in disposable income and emergence of urbanization at a rapid pace have led to the boon in the pet industry. Thus, this is the best time for Indian exporters, dealers and manufacturers to interact and explore new prospects in foreign markets.”
India is emerging as a nation of pet lovers in a big way. Therefore, this is a vital time for all those associated with the pet industry to grab every chance to expand their business.
The latest statistics, reports and seminars will be presented or conducted at IIPTF ‘2008 with the purpose of spreading awareness to all those associated with the pet industry. Foreign buyers will get a chance to examine and import pet products from India.
The first annual IIPTF held in 2007 was a mega success. Some of the leading players that participated were Royal Canine, Pet Care, Vetnex, Purnia, Asian Diets etc. |
