The Chinese pet-care industry is one of the world’s fastest-growing and a United Kingdom company that specializes in fish-based animal food is targeting the nation’s rapidly expanding middle-class, and its love for pets. Fish4Dogs from England’s Worcestershire county, in the West Midlands, has been using e-commerce platforms to find Chinese customers who want good-quality food for their pets…Full Article: China Daily Aug 2017
- From 2015 to 2016, according China’s National Bureau of Statistics, expenditures by Chinese pet owners increased 21.4% to CNY 130 billion (USD 19.35 billion). By 2020, China’s pet industry may be worth CNY 200 billion [~USD 30.2 billion].
- In March 2017, China’s first international pet industry experimental zone was established in Jianggan District, eastern Hangzhou, Zhejiang Province. The zone, currently hosting the e-commerce platforms of Tmall, Beibei, and Kaola. The company, Huisen Pet Food Trading, can reportedly assist in securing import certificates for foreign pet food suppliers.
- In 2016, approximately 25% of mainland China’s population had a pet dog, while 12% of the population owned a cat. At the time, cat food accounted for 31% of the pet food market.
- In 2015, Mars Inc. (USA), Nestlé Purina PetCare Company (USA), Royal Canin (France) had a 68% share of China’s pet food market, while China’s annual pet food output totaled 700,000 MTs. Also in 2015, Chinese online pet food shops had a 35% market share, while the remaining share was comprised of supermarkets and pet food stores. In general, online purchases of cat food are more popular than dog food purchases.
Hong Kong Trends