China Market is BOOMING!
How Many Pets?—-27,400,000 and the average number of keeping pets in cities isaround 11%.
How Big is the Market?
In 2017, Chinese pet market had reached147billionRMB (20 billion euros)—-
In 2018, the market ended up to167.8billion (22 billion euros).
Within the future 3 to 5 years, the pet industry will keep the rise at morethan 20%. Why?—-Rapid economy and growth.—-People’s desire for better life andcomfort.—-People’s attitude towards pets have changed, more as familymembers.—-Population structure change (more empty nest families).—-Overall PetIndustry Development as the driving force.
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