China Pet Snacks And Treats Market Size & Outlook
China pet snacks and treats market, 2018-2030 (US$M)
Related Markets
China pet snacks and treats market highlights
- The China pet snacks and treats market generated a revenue of USD 2,345.7 million in 2023 and is expected to reach USD 5,355.0 million by 2030.
- The China market is expected to grow at a CAGR of 12.5% from 2024 to 2030.
- In terms of segment, eatables was the largest revenue generating product in 2023.
- Chewables is the most lucrative product segment registering the fastest growth during the forecast period.
Pet snacks and treats market data book summary
| Market revenue in 2023 | USD 2,345.7 million |
| Market revenue in 2030 | USD 5,355.0 million |
| Growth rate | 12.5% (CAGR from 2023 to 2030) |
| Largest segment | Eatables |
| Fastest growing segment | Chewables |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Eatables, Chewables |
| Key market players worldwide | Mars Group Holdings Corp, Nestle SA, JM Smucker Co, General Mills Inc, Colgate Palmolive, Nestle Purina Petcare, Spectrum Brands Holdings Inc, Wellness Pet Company, VAFO Group |
Other key industry trends
- In terms of revenue, China accounted for 6.4% of the global pet snacks and treats 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 snacks and treats market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,551.6 million by 2030.
Eatables was the largest segment with a revenue share of 63.93% in 2023. Horizon Databook has segmented the China pet snacks and treats market based on eatables, chewables covering the revenue growth of each sub-segment from 2018 to 2030.
Based on research findings from the Chinese pet industry website pethadoop.com, the urban pet ownership in China, including both dogs and cats, surpassed 70.43 million in 2022, reflecting a year-on year growth of 2.9%.
William Chen, Vice President of Nestle Purina Pet Care, Zone Greater China, highlighted that despite the relatively brief history of the Chinese pet industry, spanning less than 30 years, it is currently undergoing substantial growth.
This growth is primarily driven by the improved living standards of consumers and notable changes in household consumption patterns across China. The increasing number of urban pet owners signifies a burgeoning trend, indicating a growing affinity for pets and their associated products in the Chinese market.
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Pet Snacks And Treats Market Scope
Pet Snacks And Treats Market Companies
| Name | Profile | # Employees | HQ | Website |
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China pet snacks and treats market size, by product, 2018-2030 (US$M)
China Pet Snacks And Treats Market Outlook Share, 2023 & 2030 (US$M)
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