Total Imports of Pet Food Continue to Rise
Pet Food Retail Market Grows Steadily
Top 15 Brands of Dog Snacks Sales Revenues in Tmall and Taobao in 2017 (10,000 RMB)
Pet Health Care Products is Excepted to be New Highlight
In recent years, pet health care products have increased from 8.3% in 2005 to 12.5% in 2015 among the market. As people have boosted their awareness of healthy feeding, it is estimated that pet health care products will further grow in the future.
Top 15 Brands of Pet Health Care Products Sales Revenues in Tmall and Taobao in 2017 (10,000 RMB)
Pet Medical Treatment Has Taken off Among Which Hospitals are Most Potential
Pet Medical Treatment is the second largest market segment, accounting for about 23% of the whole industry in 2016, which includes hospital, medicine and vaccine. The cost of medical treatment has increased with an increasing number of pets. The proportion of medical treatment is as high as above 45% in the United State. As Chinese people attach more importance to health issues concerning their pets, the pet medical treatment industry will develop rapidly.
At present, oversea products have occupied 70% of domestic pet medicine market which have excellent curative effects with high prices. Therefore, the government has encouraged new medicine research and published the requirement of contrast test in 2016 which will give 3-5 years exclusive rights. In a word, Chinese pet medicine market has great potential in the future with the increasing demands and the growing number of pets.
Chinese pet medical treatment industry is still on the initial stage at present, which is characterized by private organization and individual business. Compared with the proportion of 25% in America, the total revenues in China of pet chain medical organization account for below 10% of the market. As a result, chain hospital will be the main trend of the pet medical treatment industry.
Based on the above report and statistics, we have every reason to believe China’s pet industry has huge potential! China (Guangzhou) International Pet Fair 2019 (CPF 2019) will be held during March 8th- 10th, 2019 at Guangzhou International Sourcing Center. Therefore, if you want to expand your business or tap into the big Chinese market, please feel free to contact us. Warmly welcome!