China’s pet food market: The engine behind China’s pet economy
China’s pet market is experiencing rapid growth, surpassing RMB 593 billion in 2023, a 20% year-over-year growth and a compound annual growth rate of 25% from 2015. At the heart of this expansion lies the pet food market, which accounted for 52% the total pet market spending. Once considered a niche, the pet food market […]
How the rise of the pet economy in China is disrupting industries
In China, pets have transcended their traditional roles as guard dogs or pest catchers and become full-fledged family members, emotional confidants, and even status symbols. Once constrained to the outdoors, they now dine in restaurants, star in social media vlogs, and enjoy spa treatments complete with ocean-themed sound therapy. This transformation is not merely sentimental; […]
Pet Care Industry in China: A Huge Business for China’s Newfound Passion
To know more about the Pet Care Industry in China, contact us at dx@daxueconsulting.com The pet care industry in China has experienced a strong growth in 2016. This growth stems from the busy lifestyle of modern Chinese consumers, who demand efficient and convenient solutions for their pet caring needs. Chinese consumers also perceive pets as […]