According to the 2021 White Paper on China's Pet Industry, the urban pet (dog and cat) consumption market reached RMB 249 billion in 2021, up 20.6% from 2020, almost equal to the growth rate during the same period in 2019. The same paper states that China's urban pet market in ...
Increase in pet ownership and rise in awareness about products that are suitable for pets’ health and hygiene are fueling the pet care industry growth. Pet owners in Asia Pacific are becoming more conscious about the health and hygiene of their pets. This is driving the demand for pet health...
According to Goumin's report, the market value of the pet industry in China will reach 188.5 billion yuan in 2020 with an average annual growth rate of 30.9 percent from 2010 to 2020. As people become more willing to spend on their pets, the market is expanding to include not just clini...
As per reports, The market size of China's pet industry has grown from 91.43 billion yuan in 2015 to 210.37 billion yuan in 2019, with a compound annual growth rate of 23.0%. In the next five years, the scale of China's pet industry market will continue to grow, reaching 415.37 billio...
Specialized pet shops and hypermarkets are prominent sales channels, contributing to the industry's growth rate. The report includes industry statistics and industry trends, providing valuable market data and market value insights. Industry research shows a positive market growth trajectory, driven by inc...
Pet Industry Marketing: Unleash Your Ecommerce Growth Strategies Despite all its complexity and all the data, pet brands grow based on only four metrics: visitors, conversion rate, lifetime value — your 60-, 90-, or 120-day payback window (cash multiplier) — and variable costs. We call ...
Pet food accounted for the highest proportion of the pet industry, reaching 61.4%. INTRODUCTION TO PET MARKET In the early years, most people in China used food leftovers to feed pets, except for Beijing and Shanghai. But now, the post-90s and post-00s have gradually turned in to most...
The Chinese Pet Industry White Paper said that dog and cat owners spent a staggering 202 billion yuan (29 billion U.S. dollars) in 2019, an increase of 18.5 percent from the previous year. The compound growth rate of China's pet industry was 49.1 percent from 2010 to 2016, the fastest...
The number of pets in the UAE is continuously increasing, and today the pet care industry stands over USD 300 million. Incomes have increased with a further turn towards premium pet food thereby encouraging further market growth. With ever-increasing urbanization as well as an increasingly pets-...
(38.52 billion Euro) in 2020, compound growth rate has reached 32.8% from 2015 to 2020. iResearch predicted that the compound growth rate of China pet industry would reach 14.2% in the next three years, and the scale would reach 445.6 billion yuan (57.215 billion Euro) by 2023. As the ...