China Pet Services Market Size & Outlook, 2023-2030
China pet services market, 2018-2030 (US$M)
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China pet services market highlights
- The China pet services market generated a revenue of USD 620.4 million in 2023 and is expected to reach USD 1,156.9 million by 2030.
- The China market is expected to grow at a CAGR of 9.3% from 2024 to 2030.
- In terms of segment, boarding was the largest revenue generating service type in 2023.
- Sitting is the most lucrative service type segment registering the fastest growth during the forecast period.
Pet services market data book summary
| Market revenue in 2023 | USD 620.4 million |
| Market revenue in 2030 | USD 1,156.9 million |
| Growth rate | 9.3% (CAGR from 2023 to 2030) |
| Largest segment | Boarding |
| Fastest growing segment | Sitting |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Boarding, Sitting, Travel, Grooming |
| Key market players worldwide | Wag Group Co, Pets at Home Group PLC, Rover, Dogtopia Enterprises, American Pet Resort, Airpets International, Paradise 4 Paws |
Other key industry trends
- In terms of revenue, China accounted for 3.5% of the global pet services market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China pet services 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 1,025.0 million by 2030.
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Pet Services Market Scope
Pet Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China pet services 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 services market will help companies and investors design strategic landscapes.
Boarding was the largest segment with a revenue share of 41.28% in 2023. Horizon Databook has segmented the China pet services market based on boarding, sitting, travel, grooming covering the revenue growth of each sub-segment from 2018 to 2030.
Rising income, improved standard of living, and increased urbanization have resulted in individuals having greater disposable income to allocate toward their pets. This financial capability increased the spending on pet-related necessities, such as food, healthcare, toys, and experiential activities.
This is expected to create significant remunerative opportunities for key companies operating in this market. The emergence of young, educated, and affluent pet owners further supports expansion of the pet industry. Market players in China either provide end-to-end pet services or charge for self-service transport.
PetBuddy, GoPet, Fwusow Industry, Veken Pet, Pet Kingdom, and Boqii are some of the prominent service providers in the country. In addition, the declining birth rate observed in recent years suggests a trend among younger generations to opt out of marriage and parenthood. Individuals are seeking emotional fulfillment through the companionship of pets.
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Target buyers of China pet services market databook
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Our clientele includes a mix of pet services market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the China pet services market , including forecasts for subscribers. This country databook contains high-level insights into China pet services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China pet services market size, by service type, 2018-2030 (US$M)
China Pet Services Market Outlook Share, 2023 & 2030 (US$M)
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