Pet Market Insights | China Pet Market
The region’s pet market is expected to reach $100 billion by 2025, with China, Japan, and South Korea leading the way. In China, the pet industry has been growing at a compound annual growth rate of 20% over the last five years.
China's fast-growing Dog and Cat Economy - Acuity Knowledge …
2023年7月10日 · China’s pet sector was worth c.USD41bn as of 2022. Divided among the c.68m urban pet-owning families, this means each family contributed an average of USD599. The average US household contributed nearly 2.5x that amount in 2022 – a staggering USD1,611.
Pet industry in China - statistics & facts | Statista
2024年8月9日 · In 2023, China’s pet industry totaled nearly six billion yuan annually, drawing numerous domestic and foreign enterprises to enter the sector. Discover all statistics and data on Pet industry in...
The Rise of China's Pet Economy: A 2023 Insight into a Market …
2023年11月14日 · The pet economy in China is booming like never before. With a staggering 323 million pet enthusiasts as of August 2023, the market is ripe for innovation and investment. According to a recent report by QuestMobile, the pet industry has attracted investments exceeding 1.2 billion yuan in 2023 alone.
New trends: China's pet economy is booming - CGTN
2024年4月23日 · In 2023, the size of the urban pet consumption market in China was 279.3 billion yuan (around $39 billion), and it is expected to reach 361.3 billion yuan in 2026, according to China's Pet Industry White Paper 2023-2024 (Consumption Report), which was released by Petdata.cn, a pet industry market observer.
Investing in China’s Multi-Billion-Dollar Pet Industry - China Briefing
2022年7月21日 · In this article, we look at the latest trends and opportunities for investors in the China pet market, from the production of pet food to pet tech and accessories to veterinary services and more.
Pet economy continues to expand in China - Chinadaily.com.cn
4 天之前 · China's pet consumption market has shown great vitality as the size of the urban pets (dogs and cats) market reached 279.3 billion yuan ($39.1 billion) in 2023, an increase of 3.2 percent over 2022, People.cn reported on Thursday. Urban residents' general demand for pets has brought pets into thousands of households.
China's pet market booms as young urbanites opt for animals …
2024年11月2日 · Around 75 million urbanites had a dog or cat in 2023, up 30% from 2018, a white paper by a pet industry association shows. Nearly 60% of these pet owners were born in the 1990s or later.
Dog Cloning, E-Collars, Cat Seafood: China's Over-The-Top Pet Market …
2023年6月21日 · The Chinese pet market is booming, driven by young city dwellers who are increasingly reluctant to have babies. Care, food, yoga classes, strollers, specialized detectives and pet-cloning are all part of a 35 billion-euro industry.
China Pet Market | Pet business insight & go-to-market strategies
A comprehensive platform for pet industry professionals working with China and Asia : trends in pet industry, business insight, sales network, marketing strategy.