China's Surge in Pet Economy Creates Billion-Dollar Market
China's pet economy is rapidly growing, with the industry's market size in urban areas hitting approximately thirty-nine billion dollars in 2023, and it's expected to reach higher values by 2026. The 26th Pet Fair Asia in Shanghai showcases this booming market, with various products and innovations for pets on display.
The 26th Pet Fair Asia commenced in Shanghai and will run until August 25.
China's pet economy is showing significant development potential, with rapid industry growth and an evolving consumption concept.
Since early 2024, 945,000 new enterprises related to the pet industry have been registered in China.
The market size of pet consumption in urban areas reached 279.3 billion yuan (approximately thirty-nine billion dollars) in 2023 and is projected to increase to 361.3 billion yuan by 2026.
Notable displays at the fair include wash supply products, live streams promoting pet parrots, and pet prostheses.
China's pet economy is showing significant development potential, with rapid industry growth and an evolving consumption concept.
Since early 2024, 945,000 new enterprises related to the pet industry have been registered in China.
The market size of pet consumption in urban areas reached 279.3 billion yuan (approximately thirty-nine billion dollars) in 2023 and is projected to increase to 361.3 billion yuan by 2026.
Notable displays at the fair include wash supply products, live streams promoting pet parrots, and pet prostheses.
