Pet Supplies market analysis

2022-03-24 berupet

In recent years, with the improvement of people's living standards, more and more citizens begin to keep pets. Accordingly, various pet products stores have appeared one after another.

With the improvement of people's living standards, pet economy, a new economy, was born and prospered. From the initial pet trading market to a series of industries gradually derived from the "pet army", such as pet food, hospital, beauty, washing and care, foster care, training, tomb, and even pet matchmaking agency, covering every link of pet birth, old age, illness and death, "money scene" is very good. A complete industrial chain behind pets has been gradually formed and continuously extended to all fields of manufacturing and service industry. The pet industry is expected to become one of the top ten most profitable emerging industries in China in the future. However, in the process of rapid development of pet economy, a series of problems such as shoddy, fake and shoddy and abnormally high price have gradually appeared, which seriously restricts the further development of pet market.

How to grasp the development of China's pet consumption market from all links of the pet economic chain and adjust the investment and management policy of pet economy. How to solve the current problems in China's pet economy market and realize the world market expansion of China's pet economy by comprehensively looking into the development process of mature countries with pet industry development and drawing on their advanced experience.

The global pet market is booming. According to research, the total value of the global pet food and supplies market exceeded 56 billion US dollars in 2008 and is expected to climb to 65 billion US dollars in 2009. When central and North America, Western Europe and the Asia Pacific region occupy the first three places in the total sales of the global pet market, Latin America and Eastern Europe have successively invested in the pet market with high growth rate. Euromonitor also expects the sales of pet products in Eastern Europe to double to US $2.6 billion in 2009.
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