China Market Analysis

China Market is BOOMING!

How Many Pets?—-27,400,000 and the average number of keeping pets in cities is around 11%.

How Big is the Market?

In 2017, Chinese pet market had reached147billionRMB (20 billion euros)—-

In 2018, the market ended up to167.8billion (22 billion euros).

Within the future 3 to 5 years, the pet industry will keep the rise at more than 20%. Why?—-Rapid economy and growth.—-People’s desire for better life and comfort.—-People’s attitude towards pets have changed, more as family members.—-Population structure change (more empty nest families).—-Overall Pet Industry Development as the driving force.