China’s Pet Market Fetched 27% More in 2018
China’s enthusiasm for pet ownership has been unleashed like never before in recent years. In 2018, the value of the country’s pet market reached 170.8
Market Data
China Pet population and ownership 2019 update
The pet population in China has increased by a 7.0% compound annual growth rate (CAGR) from 2013 to 2017, from 389 million pets to 755 million. The
China Pet market set to reach $25 billion
Chinese pet market continues to experience dramatic growth. Virtually inexistant in the early 2000’s, the country’s pet related expenditures has started to take off just
China’s pet care market continues to expand rapidly. Since 2012, the growth in terms of volume, network size and products available in the country has been accelerating year after year.
But professionals from all over the world who have works with China know that entering this large and promising market is an adventure fraught with pitfalls.
If you want to be successful in chinese pet market, it is recommended to develop a good understanding of its characteristic and keep control over your brand image, no matter if you plan to rely on a general agent or work with multiples partners.
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