China Pet Care Market

SKU: DMVH2944 | Last Updated On: Aug 26 2022 | Available Formats

> China Pet Care Market Expected to reach a high CAGR of 7.80% during the forecast period 2022-2029: DataM Intelligence

China Pet Care Market is segmented By Product (Pet Food (Wet Pet Food, Dry Pet Food, Veterinary Diets), Oral Care, Grooming Products (Shampoo & Conditioners, Combs & Brushes, Clippers & Scissors, Others), Clothing, Toys and Accessories, Professional Services, Day Care, Grooming/ Boarding, Pet Breeding and Training (Pet Healthcare, Others)), By Price (Economic, Premium, Super Premium), By Application (Dog, Cat, Bird, Others), By Distribution Channel (Specialty Pet Shops, Hyper Markets/Super Markets, Online, Others), and By Region – Share, Size, Outlook, and Opportunity Analysis, 2022-2029.

 

China Pet Care Market size was valued at USD 52,152.10 million in 2021 and is estimated to reach at a compound annual growth rate (CAGR) of 7.80% over the forecast period 2022 to 2029.

The China pet care market is booming. It is projected to grow to USD 83,672.3 million by 2027 from an initial value of USD 45,755.0 million in 2019. The pet food market accounts for the highest market share of about23.31% of the total pet care market in 2019. The Pet care market in China experienced a strong development in recent years, driven by the regularly developing pet populace attributable to rising interest from present-day purchasers with speedier ways of life and less time in light of work and different weights. 

With family unit salary and pet care learning expanding, Chinese shoppers spend more on their pets, which prompted esteem development in pet sustenance being considerably more grounded than that in the general pet care advertise. The exchanging up pattern is multi-dimensional in the pet nourishment advertisements in China. More purchasers in rustic ranges and lower-level urban communities have exchanged up from table pieces and home-cooked nourishment to instant pet sustenance, giving more grounded volume development to pet sustenance. 

The North China market is estimated to grow at a CAGR of 8.7% during the forecast period (2020-2027) to reach a market value of USD 24,919.6 million by 2027. In the northern region of China, customers are more centered around the costs of items, and they are acclimated to expending in settled shops. The items are for the most part focused on the lower and medium classes. While the size of chain shops is huge, there are few pet boutiques. 
The buyers of the China pet market are for the most part school taught individuals who are around 30 years old, with a normal month-to-month salary of 3000 yuan. There are two pet markets, around 20 boutique shops, more than 30 offices, and about 400 retail shops in Beijing.  The greatest chain shops are Kudi, Lechong, Percity, Tom Dog, and Paiduoge.

Market Dynamics:

The number of pet dogs and cats in China is over 91 million, exceeding the entire population of Sichuan province. The spending on pets grew 27% to 170.8 billion yuan (US$24.81 billion) in 2017 compared to 2016, far exceeding the country's consumption growth.

It’s estimated that China now has 73.55 million pet owners. Of this, 46.1 percent own dogs and 30.7 percent have cats. Chinese pet owners typically spend 5,016 yuan on their pets each year, an amount that is more than double the average monthly disposable income of Chinese, indicating that pet owners are relatively well off.

A study shows that over 70% of dog owners in China were born after 1980, and 84.8% of them have had a college education. Most of them are professionals or white-collar workers. Meanwhile, nearly 90% of the cat owners were born after 1980, and 88.8% of them finished college.

China Pet Care Market Scope

Metrics

Details

Market CAGR

7.80%

Segments Covered

 By Product, By Price, By Application, By Distribution Channel, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

 

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