5 facts about China’s growing pet food market
From Pet Food Industry
Pet owners in Chinese mega-cities are increasing and buying pet food online.
With China’s growing middle class and the resulting increased disposable income, both domestic and international pet food companies are beginning to watch and move into China’s rapidly growing pet food market. Petfood Industry reported these key facts about China’s pet food market.
1. China leads Asia-Pacific
China’s pet ownership outpaces Asia-Pacific numbers, as 25% of the population owns dogs and 12% of the population owns cats. For the Asia-Pacific region, 20.9% of the total population owns dogs and 11.1% owns cats.
2. Mega-cities top pet ownership
Shanghai and Beijing, China’s two largest cities, account for much of that pet ownership, with 24% of Shanghai’s residents owning dogs and 11% owning cats. Twenty-five percent of Beijing residents own dogs, while eight percent own cats.
3. China approaching global average
Considering that 29.9% of the total global population owns dogs and 21.8% owns cats, China’s pet food market growth has put it on track to become a pet food superpower in the global pet market, as ownership rates approach the global average.
4. Economic boom fuels pet food industry
Disposable income in urban China households has gone up each year since 2010, and continues to increase. This means more people are looking to pets as companions, and those people are willing and able to spend more on their dogs and cats than ever before.
5. Strong online pet food market
China’s pet food market consumers’online presence is stronger than in more developed markets. Thirty-eight percent of the country’s pet food is purchased online, according to Fung Global Retail and Technology data, compared to 7% in the US for total pet care sales, including pet food.