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 |
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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.
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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