Disposable Non-waterproof, Hiking Near 70% Failed

With the improvement of human living standards, while the number of pets is increasing, the quality of life is also constantly improving. Humans buy food, clothing, accessories, and medical, beauty, domestication and other services for their pets, thus forming a booming pet supplies market. The following is an analysis of the pet supplies market.

According to the data, about 65% of households in the United States have at least one pet. In 1994, US pet supplies consumed only US$17 billion; in 2015, the US pet supplies market reached US$60.28 billion, and is expected to reach US$62.75 billion in 2016. The outbreak of the development of the US pet economy began in the early 21st century and reached the fastest growth in 2003-2005, with a compound annual growth rate of more than 7.5%. Subsequently, the pet industry in the United States entered a period of steady growth. Although it experienced the 2008 financial crisis and economic recovery period, the pet supplies market still maintained a growth rate of more than 4%.

Compared with the international pet market, the domestic pet market started late, but the development speed is relatively fast. In recent years, the market growth rate is more than 30% per year. Combined with the stage of China's economic development, the development of the pet industry can be roughly divided into three stages. The first stage: seed germination period (1990-2000); the second stage: development start-up period (2000-2008); the third stage: rapid development period (2008-present). At present, the domestic pet industry is in a period of rapid development.

China's pet industry started late, but it has developed rapidly. In recent years, it has maintained an average annual growth rate of around 30%. With the continuous improvement of the income level of residents and the change of traditional lifestyles, the concept of consumer consumption has undergone major changes, and keeping pets has become a part of the lives of more and more urban people. In the decade from 2004 to 2014, the consumption of pet products in China increased by 36 times, and the market for products and services such as pet food, supplies, beauty care, and pet hospitals is heating up.

In recent years, China's pet enterprises have actively accelerated the pace of development, and the comprehensive quality of products has been greatly improved. However, China's pet companies have a large gap with foreign companies in terms of product quality and brand recognition. Taking pet food as an example, foreign companies currently occupy most of China's markets, especially the high-end market, while Chinese companies mainly occupy the low-end market.

With the continuous development of the pet economy, many companies have invested in the pet industry, and a number of specialized pet food (use) products have been formed throughout the country. Chengdu is the largest breeding base for pet dogs in the country, and is accelerating the gathering of pet food enterprises to build a pet food production base; Guangdong has become the world's largest production base for ornamental fish farming and aquarium equipment; Wenzhou has become Asia's largest leather dog chew production base The products are exported to more than 20 countries and regions such as Europe, America and Japan. The above is the analysis of the pet supplies market. If you need more information about pet supplies, please pay attention to the analysis of the development prospects and development strategies of the Chinese pet products industry in 2017-2022.