Mumbai, India – Influx Healthtech Ltd recently participated in the India International Pet Trade Fair (IIPTF) held at Bombay exhibition center on 5th-6th oct 2024 in Mumbai, one of the premier pet and veterinary expos held in Mumbai. The event attracted leading companies from the pet care industry, providing a platform for them to showcase their latest innovations, products, and services. The participation of Influx Healthtech Ltd in the expo drew significant attention, as the company highlighted its expansive range of offerings designed to enhance the health and well-being of pets.
At the IIPTF, Influx Healthtech Ltd unveiled its broad portfolio of pet nutrition products, including supplements designed to meet the dietary needs of pets. Additionally, the company presented a selection of pet hygiene care solutions, aimed at maintaining the health and cleanliness of pets. The spotlight of their display included a diverse range of kibbles for dogs and cats, formulated to provide balanced nutrition with high-quality ingredients. Visitors and industry stakeholders were impressed with the commitment of Influx Healthtech Ltd to advancing the standards of pet care through innovation and a science-backed approach.
Pet Market Growth in India and Beyond
The participation of Influx Healthtech Ltd at the IIPTF comes at a time when the pet market is witnessing robust growth in India and globally. The Indian pet care market has been expanding at a compound annual growth rate (CAGR) of over 16%, driven by rising pet ownership, increased disposable incomes, and a shift in consumer attitudes towards pet care. Indian consumers are increasingly treating their pets as family members, investing in premium pet foods, grooming services, and wellness products. The market size is estimated to reach over $1.27 billion by 2026, underscoring the significant potential for companies like Influx Healthtech Ltd to tap into this expanding market.
Globally, the pet care market is also experiencing substantial growth. The global pet food market alone was valued at approximately $94.76 billion in 2021 and is projected to grow at a CAGR of 4.8% from 2022 to 2027. This growth is fueled by the increasing focus on pet health and wellness, the demand for organic and natural pet food products, and the rise of premium pet care products. The global trend towards “humanization” of pets, where pet owners seek high-quality products and services that mirror their own lifestyles, is driving innovation in the industry.
The demand for products that address specific dietary needs, such as grain-free or high-protein formulas, has also risen, pushing companies to innovate and expand their product lines. Influx Healthtech Ltd’s participation in the IIPTF aligns with these global trends, as the company aims to provide solutions that cater to the evolving needs of pets and their owners.
Future Prospects for the Pet Care Industry
The future of the pet care industry appears promising, both in India and globally. As pet ownership continues to rise, especially among the younger generation, the market is likely to see a surge in demand for a wider range of specialized products, from nutrition and grooming to healthcare solutions. Technological advancements, such as wearable health monitors for pets and AI-powered apps for veterinary care, are expected to further drive growth in this sector.
In India, the emergence of e-commerce platforms dedicated to pet care has made it easier for consumers to access premium products. This trend is expected to continue, with online sales channels playing a significant role in shaping the distribution landscape for pet products. Companies like Influx Healthtech Ltd are well-positioned to leverage this shift by offering products that meet the rising expectations of pet owners for quality and convenience.
Globally, the increasing awareness about the importance of pet health and wellness, coupled with the trend of pet humanization, is set to drive further growth in the sector. As consumers seek more natural, organic, and sustainable options for their pets, companies that prioritize innovation and quality will be at the forefront of this expansion. Influx Healthtech Ltd, with its commitment to research-driven product development and customer satisfaction, is poised to play a key role in shaping the future of pet care in India and beyond.
Influx Healthtech Ltd’s participation in the IIPTF expo underscores the company’s dedication to advancing the pet care industry through high-quality products and a customer-centric approach. As the pet care market continues to grow both in India and globally, the company’s innovative range of pet nutrition, hygiene care, and food products positions it as a leader in meeting the needs of pets and their owners. With the pet care industry set to expand in the coming years, Influx Healthtech Ltd’s contributions are poised to make a lasting impact, helping pets lead healthier and happier lives.