Growth Opportunities in the China Pet Food Market look promising over the next six years. This is mainly due to the growing pet adoption rates, rising pet population, increasing income of the middle-class population, strong demand for nutritious and high-quality food for pets, the rising awareness for animal wellbeing among pet owners, and rapid urbanization.
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China Pet Food Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The growing pet adoption rates, rising pet population, increasing income of the middle-class population, and rapid urbanization are the key drivers contributing to the growth of the China pet food market. The strong demand for nutritious and high-quality food for pets and the rising awareness for animal well-being among pet owners will further surge the growth of the China pet food market. In addition to this, the emerging trend of humanization of pets and increasing ownership for pets across China will boost the demand for pet food in the market. The rising expenditure of nuclear families, coupled with the accelerating emphasis on enhancing overall health and productivity, will further augment the growth of the market in the coming years. The growing disposable income of consumers and strong demand for natural and organic pet food products will fuel the growth of the market. Additionally, the shift of consumers towards maintaining an adequate diet for pet health will further pay the way for the growth of the market. On the other hand, the strict regulations for the production and importation of pet food are the hindering factors for the growth of the market during the forecast period.
Product Segment Drivers
Based on the product, dry food is predicted to rise at a higher CAGR during the forecast period due to the growing number of pet owners in China and rising disposable income. Moreover, dry food provides remarkable features, such as less moisture content and cost-effectiveness in comparison to wet food, which will further bolster the growth of the market.
Application Segment Drivers
Based on the application, the dog application is anticipated to increase at a faster rate in the coming years due to the growing adoption rate of dogs and rising concerns associated with pet health among consumers. Furthermore, the increasing aged population and the rising number of nuclear families are promoting individuals to adopt pets, specifically dogs, which in turn, will further energize the demand of the market. The high demand for premium dog food products will uplift the market growth.
China Pet Food Market’s leading Manufacturers:
- Nestlé Purina
- Mars Incorporated
- Bridge PetCare
- 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. Ltd
- Sanpo Pet Food Co Ltd
China Pet Food Market Segmentation:
Segmentation by Product:
- Dry Food
- Wet/Canned Food
- Nutritious Food
- Snacks/Treats
- Others
Segmentation by Application:
- Dog
- Cat
- Others
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