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 […]
E-commerce and pet wellness are reshaping China’s pet food market
The pet economy is an important sector of the Chinese market, which is facing a steady growth over the past 5 years with an estimated revenue of approximately 490 billion RMB in 2022.The extremely fast and lasting development is due to a significantly high number of factors which made the Chinese pet market one of […]
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 […]