Pet Industry Report
With the development of society and the continuous promotion and popularization of the concept of keeping pets, the high-growth pet industry has become a blue ocean in the market. In 2022, the scale of China's pet economy industry will reach 493.6 billion yuan, a year-on-year increase of 25.2%. It is estimated that the market size will reach 811.4 billion yuan in 2025.
With the change of social structure and the development of social economy, the groups of living alone and empty nesters gradually expand, pets gradually become emotional sustenance, and the group of pet owners begins to expand. Driven by the demand side, supply side and capital of the pet industry, the scale of China's pet economy industry has grown rapidly.
The continuous improvement of consumer demand will make pet products and food continue to develop in a diversified direction. The pet food track is particularly prominent in the entire pet industry. At this stage, pet food is no longer limited to simple satiety, but also repairs and promotes the nervous system, immune system, bones and joints of pets. Functional pets Food is becoming more refined and diversified.For more pet supplies, please click pethuhou.com