The 2017-2023 China Pet Supplies Market Special Research and Investment Strategy Research Report released by Wisdom Research Consulting shows that the global pet supplies market size was 100.2 billion yuan in 2011.In 2016, the global pet supplies market size increased to 169.7 billion yuan.
I. Looking at the global market
Currently, North America is the largest market for the pet industry, accounting for 37% of the total value of the global pet economy. At the same time, with the Asian countries to improve the economic level, the number of pets increased, the pet economy is growing rapidly, the current Asian pet economic output value accounted for the global total and the proportion of the European output value is basically the same, are in 23% or so. It is expected that the Asian market will overtake Europe in recent years to become the second largest market for pet economy in the world.
2, the domestic consumer market
1, China's pet consumption is mainly concentrated in Beijing, Shanghai and Guangzhou, these areas are economically developed, people's consumption concepts advanced , fast-paced life. But accordingly, people in Beijing, Shanghai and Guangzhou are working under increasing pressure, with one-third of white-collar workers working overtime for more than five hours a week, making it difficult for them to have enough time and energy to give birth to and take care of their children, and keeping pets has become an alternative for them, and they are more likely to cultivate a relationship with their pets, and are more likely to spend more money on their pets.
2. China's pet-owning households have already reached a certain scale, with dogs and cats as the main pets. According to a report by the Prospective Industry Research Institute, as of 2015, the number of pet dogs in China reached 27.4 million, ranking third in the world, behind only the United States with 55.3 million and Brazil with 35.7 million. China has the second largest number of pet cats in the world, with 58.1 million, compared to 80.6 million in the top-ranked United States.
3. With the rapid development of the global pet industry, downstream pet supplies industry will also bring greater growth. The future growth rate of the global pet supplies market size will remain at about 10%. It is expected that the global pet supplies market size will reach 297.9 billion yuan by 2023.
Three, the prospects of the pet supplies industry
Pet supplies as the head of the pet industry in the future has an immeasurable potential for development, with the development of living standards, the material life of the improvement of the in the next five years, the people along with the rising demand for pets, which for the huge pet economic Do a good job of paving the way. In addition, cleaning supplies is the second competitive market, currently showing a sustained and steady rise. Pets are human companions, and now it is rising to a kind of spiritual support, so the prospects of the pet supplies industry is very vast.