China Pet Food Market Size & Outlook, 2022-2030
China pet food market, 2018-2030 (US$M)
Related Markets
China pet food market highlights
- The China pet food market generated a revenue of USD 5,918.9 million in 2022 and is expected to reach USD 9,023.0 million by 2030.
- The China market is expected to grow at a CAGR of 5.4% from 2023 to 2030.
Pet food market data book summary
| Market revenue in 2022 | USD 5,918.9 million |
| Market revenue in 2030 | USD 9,023.0 million |
| Growth rate | 5.4% (CAGR from 2022 to 2030) |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | |
| Key market players worldwide | JM Smucker Co, Nestle Purina Petcare, Mars Group Holdings Corp, Colgate-Palmolive Co, General Mills Inc, The Hartz Mountain Corporation, Lupus Foder, Total Alimentação, WellPet Humane |
Other key industry trends
- In terms of revenue, China accounted for 6.0% of the global pet food market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China pet food market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 364.3 million by 2030.
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Pet Food Market Scope
Pet Food Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China pet food market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pet food market will help companies and investors design strategic landscapes.
China is one of the prominent global pet food markets growing lucratively owing to a constant rise in pet ownership, especially in terms of dogs and cats, as they are considered to be more suitable and adaptable to modern lifestyles.
According to an article published by Appetizer in 2021, 94% of pet owners in China take into consideration food safety as a topmost priority while purchasing food for their pets. Thus, they are prioritizing pet food to ensure that it has been manufactured in a safe and clean environment using the best quality ingredients.
With the increase in demand for better quality pet food products companies are involved in adopting strategic initiatives such as increasing investment and broadening their product portfolio. For instance, in 2022 Nestle a Swiss food giant, made an investment of USD 35.11 million in pet food products in China to extend its product portfolio.
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Target buyers of China pet food market databook
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Our clientele includes a mix of pet food market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China pet food market , including forecasts for subscribers. This country databook contains high-level insights into China pet food market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China Pet Food Market Outlook Share, 2022 & 2030 (US$M)
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