1 thought on “In -depth analysis report of the pet industry”
Glenn
From 2010 to 2020, the market size of China's pet industry increased from 13.44 billion yuan to 72.73 billion yuan, with an average annual compound growth rate of nearly 20%, which was higher than the world. In 2020, the American pet consumer market accounted for 41.1%, ranking first, and China accounted for 8.1%. China's pet breeding rate and a single pet annual consumption is much lower than the level of developed countries, and there will be much room for growth in the future. Judging from the proportion of pet expenditures in family consumption, in 2014, the proportion of pet expenditures in family consumption in China and the United States was 3.1 times. In 2019, the gap dropped to 1.8 times. The average annual compound growth rate of the pet industry is nearly 20%, accounting for less than 10%of the global market. With the development and prosperity of Chinese society, the role of pets is gradually transforming -cats and dogs are getting increasingly The more he is regarded as an indispensable member of the family, not simply accompanying pets. Social media has also promoted pets to become an important part of young people's lives, and the trend like "cloud raising cats" makes it yearning for pets. As a result, the size of the pet market has grown rapidly over the past 10 years. In 2020, the size of the Chinese pet consumer market was 72.73 billion yuan, an increase of 21.1%year -on -year, and 10 years of CAGR was 18.4%. With economic development, pet consumption is also increasing. Most families in developed countries regard pets as family members and increased their costs on pets. According to data, the scale of the global pet market industry in 2020 was about $ 138.2 billion, a year -on -year increase of 4.4%, and the 10 -year CAGR was 3.6%. Among them, China's pet consumer markets accounted for 8.1%, 4.2%, and 41.1%, respectively. This pet breeding rate and single pet consumption amount is large from developed countries, and there is huge room for improvement In the past ten years, the changing population and social structure, as well as the increase in income and adoption rates, have become a promotion to promote The main factor of my country's pet breeding rate growth. Compared with other parts of the world, the breeding rate of Chinese family pets in 2019 is only about 17%, which is far lower than 67%of the United States, 62%of Australia, and 44%of the United Kingdom. China's pet breeding rate is far lower than the level of developed countries, and there may be several times of improvement in the future. In since 2016, my country's single pet consumption amount has increased year by year. The main driving force is the increase in the per capita disposable income, and the attributes of pet loved ones have increased; in 2020, the annual consumption amount of a single pet in my country is $ 59. Compared with other countries, the consumption amount of single pets in Japan and the United States in 2020 was $ 317 and US $ 343, respectively. The consumption amount of single pets in my country is still lower than the level of developed countries. This in household consumption increased in the proportion of pet expenditures. The gap between the United States was reduced 2014-2019, the proportion of pet expenses in Chinese household consumption increased from 0.16%to 0.29%. It is 0.52%. In 2014, the proportion of pet expenses in family consumption between China and the United States accounted for 3.1 times. In 2019, the gap dropped to 1.8 times. In this can be seen that the phenomenon of consumption upgrade in China's pet market is obvious, and it has accelerated the expansion of the pet market. As Chinese consumers have a stronger willingness to invest in pets in the future, the pet industry has great potential to develop. -For more data and analysis, please refer to the "Analysis Report of China's Pet Industry Market Prospects and Investment Strategic Planning Analysis".
From 2010 to 2020, the market size of China's pet industry increased from 13.44 billion yuan to 72.73 billion yuan, with an average annual compound growth rate of nearly 20%, which was higher than the world. In 2020, the American pet consumer market accounted for 41.1%, ranking first, and China accounted for 8.1%. China's pet breeding rate and a single pet annual consumption is much lower than the level of developed countries, and there will be much room for growth in the future. Judging from the proportion of pet expenditures in family consumption, in 2014, the proportion of pet expenditures in family consumption in China and the United States was 3.1 times. In 2019, the gap dropped to 1.8 times.
The average annual compound growth rate of the pet industry is nearly 20%, accounting for less than 10%of the global market.
With the development and prosperity of Chinese society, the role of pets is gradually transforming -cats and dogs are getting increasingly The more he is regarded as an indispensable member of the family, not simply accompanying pets. Social media has also promoted pets to become an important part of young people's lives, and the trend like "cloud raising cats" makes it yearning for pets. As a result, the size of the pet market has grown rapidly over the past 10 years. In 2020, the size of the Chinese pet consumer market was 72.73 billion yuan, an increase of 21.1%year -on -year, and 10 years of CAGR was 18.4%.
With economic development, pet consumption is also increasing. Most families in developed countries regard pets as family members and increased their costs on pets. According to data, the scale of the global pet market industry in 2020 was about $ 138.2 billion, a year -on -year increase of 4.4%, and the 10 -year CAGR was 3.6%. Among them, China's pet consumer markets accounted for 8.1%, 4.2%, and 41.1%, respectively.
This pet breeding rate and single pet consumption amount is large from developed countries, and there is huge room for improvement
In the past ten years, the changing population and social structure, as well as the increase in income and adoption rates, have become a promotion to promote The main factor of my country's pet breeding rate growth. Compared with other parts of the world, the breeding rate of Chinese family pets in 2019 is only about 17%, which is far lower than 67%of the United States, 62%of Australia, and 44%of the United Kingdom. China's pet breeding rate is far lower than the level of developed countries, and there may be several times of improvement in the future.
In since 2016, my country's single pet consumption amount has increased year by year. The main driving force is the increase in the per capita disposable income, and the attributes of pet loved ones have increased; in 2020, the annual consumption amount of a single pet in my country is $ 59. Compared with other countries, the consumption amount of single pets in Japan and the United States in 2020 was $ 317 and US $ 343, respectively. The consumption amount of single pets in my country is still lower than the level of developed countries.
This in household consumption increased in the proportion of pet expenditures. The gap between the United States was reduced
2014-2019, the proportion of pet expenses in Chinese household consumption increased from 0.16%to 0.29%. It is 0.52%. In 2014, the proportion of pet expenses in family consumption between China and the United States accounted for 3.1 times. In 2019, the gap dropped to 1.8 times.
In this can be seen that the phenomenon of consumption upgrade in China's pet market is obvious, and it has accelerated the expansion of the pet market. As Chinese consumers have a stronger willingness to invest in pets in the future, the pet industry has great potential to develop.
-For more data and analysis, please refer to the "Analysis Report of China's Pet Industry Market Prospects and Investment Strategic Planning Analysis".