Paws, purrs, and profits: the dynamics of China’s pet economy
The Chinese pet market represents a flourishing sector in the country’s economy. In 2022, it reached a revenue of around RMB 493.6 billion, and it’s expected to double by 2025. Pets have become inseparable companions during many stages of life for several reasons: from avoiding the responsibilities of having children to the desire of not […]
Pet food market in China: the forecast is expecting Chinese pet food expenditure to get heavier
Raining cats and dogs in China China is ranked among the top three countries with the most cats and dogs with the total number of pet owners equalling 73.55 million in 2016. Among this number, 33.9 million were dog owners and 22.58 million owned cats. This clearly shows a preference for dogs among the Chinese […]