Insights into the Asian Pet Industry

China

Pet Care Industry in China to Exceed $60 Billion in 2023

The pet care market in China is rapidly gaining ground on the United States, the current largest market in the world. According to a white paper by iResearch, the industry in China is on track to surpass $60 billion in 2023, despite temporary setbacks caused by the COVID-19 pandemic.

China

Round D financing for Rui Pai Pet Hospital

Rui Pai Pet Hospital has officially signed an investment agreement with Mengniu Venture Capital to complete its D round financing, marking the first public financing in the pet healthcare industry in 2023.

Japan

Decreasing Interest in Pet Ownership in Japan Amid Economic Uncertainty

Despite the increase in pet ownership during the pandemic, Japan's pet industry is expecting a decline in the number of pet owners and an increase in pet food prices.

China Pet Market Size Tracker

Product of the Month

Business

Global Pet Market Overview 2022

In 2022, the global retail market for pet products is expected to reach 171.4 billion US dollars, with the retail sales of food, health products, and supplies growing at a slow rate during the pandemic.

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China Pet Shop Retail
Retail

China Pet Retail Channels (2023)

As the pet industry in China continues to grow, pet owners are turning to digital platforms to make their purchases. According to research reports, 55% of pet-related sales in China are made online.

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