China Pet Food Market Data Review (2016 - 2027)

The China Pet Food Market has generated a revenue of $16,350 million in 2016. China pet foods are commercially produced foods for pets that contain raw or refrigerated ingredients such as fresh vegetables, fruits, supplements, meats, and bones. Fresh pet meals have a shorter shelf life than manufactured pet foods, but they are a better source of nutrients and are easier to digest, so they require less cleaning in the backyard. Pet owners in China nowadays prefer pet diets that contain high-quality ingredients that have significant health benefits. Freshness is often associated with human-grade pet treats made with high-quality ingredients. Owing to the absence of additives, human-grade pet meals aid digestion and help pets develop a robust immune system. The popularity of human-grade pet diets is projected to increase as the humanization of pets becomes more widespread. In addition, several sellers in the market are concentrating on providing human-grade fresh pet foods. 

The report: “China Pet Food Market (2016 -2020)", by Industry ARC covers an in-depth analysis of the following segments of the China Pet Food Industry.

By Pet Food – Dogs and Cats and Others (Ornamental Fish Food, Pet Bird Feed, Small Mammals and Reptiles).

 

• The growth in the middle-class section, rapidly growing urbanization, growing numbers of elderly, and people getting married and having children later than before are factors transforming China into a pet-owning and loving society.
• A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the China Pet Food Market Report. 
  
  
  China Dog & Cat Pet Food Market Demand Growth rate (%) for the year 2016-2020.
  

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China Pet Food Market Segmentation Analysis - By Pet Food

The China Pet Food market based on product type can be further segmented into Dogs and Cats, and Others. In 2016, the dog & cat category had the most market. Dogs have long been the most popular pets around the world, and they account for a big portion of the Chinese pet food industry's revenue. With almost 27 million dogs as pets, China ranks third in the world in terms of dog ownership. Cats were the second most popular pets, accounting for a large portion of the revenue. Some of the primary drivers driving the pet food market in the country are pet humanization, the growing trend of e-commerce, and the growth in demand for natural pet food. Increased consumer knowledge of pet health has resulted in a greater focus on improving dog weight and maintaining their overall health. Customers choose from a variety of foods and place a high value on product brands. Manufacturers are continuously working to break into the luxury food goods segment and increase their overall profit margin.

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The habit of having multiple ornamental fishes is also gaining traction, which drove the market growth. In comparison to dogs and cats, ornamental fishes require less training and can spend more time alone. Furthermore, the cost of owning a fish is quite modest when compared to that of owning a dog and cat. Furthermore, when compared to dogs and cats, the short lifespan and low rate of food consumption are anticipated to be the main reasons for low product demand in this market.

The rise of the middle class, increased urbanisation, an aging population, and people marrying and having children later than before are all elements that are converting China into a pet-owning and loving nation. Because of changes in people's lifestyles, pet humanization is on the rise in China. Social networking and the embrace of the western lifestyle have affected the rise in pet ownership among younger generations in particular. The majority of people in China who keep pet dogs or cats, according to the National Bureau of Statistics of China (NBS China), are elderly. Approximately 61 percent of people aged 65 and up have a pet. Instead of proper babysitting commitments, the elderly choose little, easy-to-care-for pets. The country's urbanisation trend has a stronger impact on prepared pet food sales, as these items are more convenient and better suited to the hectic lifestyles of city people. The Chinese market saw an increase in disposable money as well as increased awareness of feeding pets prepared commercial pet food. The primary expansion of the market in the region is due to an expanding pet population and rising costs of pet nutrition products. 

Domestic players presently hold almost half of the top ten positions in dog food by value, and their market share is growing. Future expansion is likely to be aided by increasing innovation and public awareness. In this distinct and varied industry, the success of domestic manufacturers in Chinese pet food demonstrates the necessity of understanding local culture and surroundings. As the unanticipated pandemic crisis has demonstrated, local expertise is more vital than ever to appeal to Chinese customers. In China, companion animal culture has traditionally centered on high-income consumers, who have a strong affinity for imported premium brands, which are often regarded as the best option for their dogs. However, this is changing, owing to the outstanding performance and growing importance of domestic players.

One of the biggest challenges that the Chinese pet food market experienced from 2016 to 2020 is people's apprehension of developing comparable stomach disorders if they use pet food products. In addition, a lack of understanding about the benefits of pet products and their ability to meet the body's nutritional content demand is an underappreciated element that could pose growth obstacles for market trends during the projection period, which ends in. 

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the China Pet Food Market. The top 10- China Pet Food Market companies’ are-

1. Mars Incorporated
2. Nestle Purina Pet Food
3. Bridge PetCare
4. Yantai China Pet Food Co Ltd.
5. Huaxing Pet Food Co. Ltd
6. Chengdu Care Pet Food Co. Ltd.
7. Royal Canin
8. Lupus Alimentos
9. Total Alimentos SA
10. Blue Buffalo Pet Products, Inc.
11. WellPet LLC

In December 2016, Haiwei Co. Ltd. and BioMar Groups entered into an acquisition where they later acquired 100% of the shares in the fish feeding company which is situated in the South of China.