China Pet Food Market Size By Product Type (Dry pet Food, Wet pet food), By Animal Type (Dog, Cat, Fish), By Sales Channel (Specialized Pet Shops, Supermarkets), By Geographic Scope And Forecast
China Pet Food Market Size By Product Type (Dry pet Food, Wet pet food), By Animal Type (Dog, Cat, Fish), By Sales Channel (Specialized Pet Shops, Supermarkets), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
China Pet Food Market Size By Product Type (Dry pet Food, Wet pet food), By Animal Type (Dog, Cat, Fish), By Sales Channel (Specialized Pet Shops, Supermarkets), By Geographic Scope And Forecast
China Pet Food Market Size And Forecast
China Pet Food Market size was valued at USD 1.2 Billion in 2021 and is projected to reach USD 1.6 Billion by 2030, growing at a CAGR of 3.0% from 2023 to 2030.
The rising number of pet owners, increasing disposable income, and increasing demand for natural pet food are a few of the Critical Pet Food Market drivers and trends fueling the growth of the market. The China report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
China Pet Food Market Definition
Think about what your furry friend eats – it's probably pet food, right? This commercially prepared food is designed specifically for pets and you can find it just about anywhereyour local pet store, the supermarket, or even online. Usually, it's tailored to the type of pet you have, like dog food or cat food. Let's face it, most of us are busy and don't always have the time to whip up a homemade meal for our beloved companions. That's where pet food shines! It's super convenient, saving you time and effort in the kitchen, plus it's generally safe. And hey, with so many flavors available, you can spoil your pet with their favorite. Best of all, it's formulated to meet all their daily nutritional needs.
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China Pet Food Market Overview
The increasing disposable income and subsequent rise in pet ownership is an important driver for the market growth. With increasing income, city dwellers are more likely to spend money on their pets. Since it eliminates the need to cook so it adds to the convenience of the pet owners. With increasing completion in the China Pet Food Market, pet foods are now more affordable than before. Other important drivers are the relaxation in government regulations for owning pets, rising pet humanization, and awareness about animal well-being.
Growing awareness among consumers about the overall health and nutrition of the pets will provide new profitable opportunities leading to the growth of the market. Consumers are inclined towards maintaining the adequate health of their pets. Also, there is increasing pet humanization and a rise in demand for natural and premium pet food. Thus, there are ample growth opportunities for the market. However, there are some restraints like strict import and production regulations of pet food in the China Pet Food Market, and the intense competition that is present.
China Pet Food Market Segmentation Analysis
The China Pet Food Market is segmented on the basis of Product Type, Animal Type, Sales Channel, And Geography.
China Pet Food Market, By Product Type
Dry pet Food
Wet pet food
Snacks
Others
Based on Product Type, the market is segmented into Dry pet Food, Wet pet food, Snacks, and Others. The dry food segment is expected to witness good growth in China Pet Food Market as it is more convenient, offers exceptional properties, has a low moisture content that can be preserved for a longer time, and is relatively cost-effective when compared to the wet ones.
China Pet Food Market, By Animal Type
Dog
Cat
Fish
Others
Based on Animal Type, the market is segmented into Dog, Cat, Fish, and Others. The dog food segment holds the highest share in the market as dogs are the most popular pet in China with approximately 9% of the country’s urban population owning a dog. This is followed by cats and fish.
China Pet Food Market, By Sales Channel
Specialized Pet Shops
Supermarkets
Online stores
Others
Based on Sales Channel, the market is segmented into Specialized Pet Shops, Supermarkets, Online Stores, and Others. Pet owners opt for online shopping channels due to the ease and convenience it provides in their busy lifestyles. Also, due to the pandemic, they are preferring online shopping to minimize their need of going out.
China Pet Food Market, By Geography
Asia Pacific
China
Japan
India
Rest of Asia Pacific
On the basis of Geography, the market is classified into the Asia Pacific Region having the countries like India, China, Japan, and the Rest of Asia Pacific.
Key Players
Want to know what's really happening in the "China Pet Food Market"? Our study report gives you the inside scoop, focusing on what matters most. We're talking about the big names like Mars Inc., Nestle Purina, Bridge Pet Care, Yantai China Pet Foods Co. Ltd, Huaxing Pet Food Co. Ltd, Royal Canin China Co. Ltd, Chengdu Care Pet Food Co. Ltd., Ronsy Pet Food Co. Our analysis dedicates a whole section to these major players. We'll break down their financial statements, compare their products, and give you a full SWOT analysis. Plus, we'll cover key strategies, market share, and global rankings to show you the real competitive landscape.
Key Developments
In 2021, Nestle, the Swiss food giant, invested an additional 230 million yuan (approximately USD 35.11 million) on pet food items to expand its product line in China. Nestle initiated two rounds of investment projects for dry pet food and wet canned-food manufacturing lines after investing 730 million yuan in May 2020.
In 2020, Mars announced plans to establish Asia’s largest modern pet food facility in Tianjin, a town in northern China. After reaching full capacity, the factory would occupy around 110,000 square metres and would cost more than USD 100 million, with an annual production of more than 250,000 metric tonnes.
In 2020, Fwusow Industry Co. Ltd, a leading Taiwanese pet food maker, intends to develop and sell a new brand of dog food containing OxC-beta, which aids in immune function by giving non-antibiotic ways of enhancing animal health, development, and performance.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2018-2030
BASE YEAR
2021
FORECAST PERIOD
2023-2030
HISTORICAL PERIOD
2018-2020
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
Mars Inc., Nestle Purina Pet Food, Bridge Pet Care, Yantai China Pet Foods Co. Ltd, Huaxing Pet Food Co. Ltd, Royal Canin China Co. Ltd, Chengdu Care Pet Food Co.Â
SEGMENTS COVERED
By Product Type, By Animal Type, By Sales Channel, And By Geography.
CUSTOMIZATION SCOPE
Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope
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Reasons to Purchase this Report
We'll dig into the market using both qualitative (the 'why') and quantitative (the 'how much') analysis, breaking it down into segments based on all sorts of things, not just money. You'll get the market value in USD Billion for every segment and sub-segment, plus we'll point out which region and segment we think will be the real rockstars, seeing the fastest growth and taking over the market. We'll also zoom in on different geographical areas, looking at product/service usage and what's influencing the market there. Expect a rundown of the competitive scene, ranking the big players and highlighting what they've been up to the last five years – new stuff they've launched, partnerships they've formed, how they've grown, and who they've acquired. For the key companies, we'll give you detailed profilesthe company story, inside insights, product comparisons, and a good old SWOT analysis. We'll also give you a peek at the current and future market, considering the latest news, growth possibilities, and those tricky challenges and restraints in both up-and-coming and established areas. We’ll also include a deep dive from all angles using Porter's five forces analysis and map out the Value Chain to really understand the market. Finally, we'll wrap it up with a market dynamics view, showing where the growth opportunities are headed, and we'll even throw in 6 months of analyst support after the sale!
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