Pet supplies market analysis


Pet supplies market analysis

In recent years, with the improvement of people's living standards, more and more people have started to keep pets, and accordingly, various pet supply stores have emerged.

  With the improvement of people's living standards, a new type of economy, the pet economy, has been born and prospered. From the initial pet trading market, to the "pet army" gradually derived from a series of industries, such as pet food, hospitals, beauty, cleaning, foster care, training, graves, and even pet marriage, covering every aspect of pet life, illness and death, "money" a The money is very good. The pet industry is expected to become one of the ten most profitable emerging industries in China in the future. However, in the process of rapid development of the pet economy, there are also a series of problems such as substandard, counterfeit and shoddy products and abnormal prices, which seriously restrict the further development of the pet market.

  How to grasp the development of China's pet consumer market from all aspects of the pet economy chain and adjust the pet economy investment and management policy in a targeted manner. How to solve the current problems in China's pet economy market by taking a comprehensive look at the development history of mature countries in the pet industry and drawing on their advanced experience to achieve the expansion of China's pet economy in the world market.

  The global pet market is booming. According to research, the global pet food and supplies market was worth more than $56 billion in 2008 and is expected to climb to $65 billion in 2009. While North America, Western Europe and the Asia-Pacific region occupy the top three positions in the global pet market, Latin America and Eastern Europe have successively entered this high-growth pet market, and Euromonitor expects that pet supply sales in Eastern Europe will double in 2009, reaching $2.6 billion.