Asia Pet News

Stories from 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.

Australia

Woolworths Group enters the pet supplies business

The Sydney-based Woolworths Group has entered into an agreement to acquire a 55 per cent equity interest in Petspiration Group, a leading Australian and New Zealand speciality pet retailer.

China

2022 China Pet Industry Development Report

The Asian Pet Research Institute, in conjunction with Tmall Pet, Ali Mama, and Euro Rui International, has released the "Pet Industry Blue Book: 2022 China Pet Industry Development Report".

China, Thailand, Indonesia

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.

China

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.

Thailand

Thai Union and i-Tail expand in China, Europe with $2.5M

Thai Union plans to expand its pet food arm i-Tail in China and Europe, to import, sell, and distribute pet food and products. The move is part of the company's strategy to capitalize on the growing demand for premium wet pet food in these regions.

India

Mankind Pharma launch PetStar Dog Food in India

Mankind Pharma Limited, a leading healthcare provider, has diversified its offering in the pet care industry with the launch of Mankind's PetStar Dog Food.

China

Aker BioMarine enters into partnership with leading Chinese pet food brand

QRILL Pet, a functional marine ingredient for pets from Aker BioMarine, has entered into a global strategic cooperation with Fullpet Co. to continue its efforts in the domestic pet market.

China

JD and Zesty Paws team up to tap into China's pet market

JD Pet Health, a pet care business under JD.com, and Zesty Paws, a US leading multi-condition pet supplement brand under H&H Group, have reached a cooperation agreement on cross-border sales in China.

China

Pandemic Boosts China's Pet Industry

The pet industry has seen significant growth in China as a result of the pandemic, with single millennials and those who are lonely and confined to their homes purchasing pets and spending large amounts on food, toys, grooming, etc.