With the release of the epidemic in 2023, China's pet industry has developed rapidly and has become an important force in the global pet industry. According to the analysis of the market supply and demand situation and investment prospect assessment report of China's pet industry from 2023-2029, in 2019, the overall scale of China's pet industry was about 134.3 billion yuan, an increase of 14.7%year-on-year. The overall development scale of China's pet industry has continued to expand. In terms of pet cage products and nutritional products, the total scale of China's pet industry reached 87.11 billion yuan, an increase of 13.2%year -on -year, second only to the growth rate in 2018. The overall size of Chinese pet hospitals, pet beauty and other service industries is also growing. In 2019, it reached 29.26 billion yuan, a year -on -year increase of 17.3%.
In general, the development trend of China's pet industry will become better and better. In the future, the market size will reach 252 billion yuan, an increase of 88.0%year -on -year. In the future, the pet industry will be encouraged by government policies, the growth of pet consumers, and the promotion of multiple factors such as technology innovation. The development prospects of the pet industry are very considerable.
Foreign institutions have conducted surveys for a long time. According to data, more than 75 million households in European countries own at least one pet, not to mention the cost of pet daily necessities. During Christmas alone, at least 91% of people will purchase Christmas gifts for their pets. Similarly, in the United States, 69% of households own at least one pet, and it is expected that the number of pets in the United States will grow at a rate of about 3% per year, also in the next few years, The US pet industry will still maintain a steady growth rate of 4% to 5%.
Therefore, regardless of the epidemic or not, the demand for pets in the pet industry has long been steadily increasing, not to mention that under the impact of the epidemic, pets have become increasingly important in the family, and the demand for pet related products is also increasing.
Post time: Mar-22-2023
