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The China Pet Food Market has generated a revenue of $16,350 million in 2016. Commercially
made pet foods from China include raw or refrigerated components such as fresh
vegetables, fruits, supplements, meats, and bones. Fresh pet meals have a
shorter shelf life than commercial pet feeds, but they are a superior source of
nutrients and are simpler to digest, so they require less yard cleanup. Pet
owners in China nowadays demand high-quality ingredients with considerable
health advantages in their pet diets. Human-grade pet treats prepared with
high-quality ingredients are frequently linked with freshness. Human-grade pet
foods promote digestion and help pets establish a strong immune system because
they include no additives. As the humanization of pets grows more common, the
popularity of human-grade pet meals is expected to rise. Furthermore, a number
of vendors in the market are focusing on delivering human-grade fresh pet
foods.
The dog &
Cat category had the most market share in 2016. Dogs have long been the most
popular pets around the world, and they provide a significant amount of the
money generated by the Chinese pet food sector. China is third in the world in
terms of dog ownership, with about 27 million dogs as pets. Cats were the
second most popular pet, with a big amount of the earnings coming from them.
Pet humanization, the growing trend of e-commerce, and the rise in demand for
natural pet food are some of the key forces driving the pet food market in the
country. Increased consumer awareness of pet health has led to a greater
emphasis on improving dog weight and overall health. Customers have a wide
selection of foods to choose from and place a high value on product brands.
Manufacturers are striving hard to break into the luxury food goods market and
boost their overall profit margins. However, the ornamental fish food category has
also gained demand in the market between 2016 and 2020. The practice of keeping
several ornamental fish is becoming more popular, resulting in increased
product demand. Ornamental fish, unlike dogs and cats, require less training
and can spend more time alone. Furthermore, as compared to keeping a dog or
cat, the cost of owning a fish is extremely low. In addition, when compared to
dogs and cats, the short lifetime and low rate of food intake are found to be
the major factors driving low product demand in this market.
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China
Pet Food Market Growth Drivers:
The Industry Is Rising As A Result Of The Growing
Trend Of Humanizing Pets.
The expansion of
the middle class, rising urbanisation, an aging population, and people marrying
and having children later than in the past are all contributing to China
becoming a pet-owning and loving society. Pet humanization is becoming more
popular in China as people's lifestyles change. The growth in pet ownership
among younger generations has been influenced by social networking and
acceptance of the western lifestyle. According to the National Bureau of
Statistics of China (NBS China), the majority of people in China who keep pets
are old. A pet is owned by around 61 percent of those aged 65 and over. The
elderly prefer little, easy-to-care-for pets to proper babysitting duties. The
country's urbanisation trend has a greater impact on pet food sales because
these things are more handy and more suited to city dwellers' hectic
lifestyles. The Chinese market saw an increase in disposable income as well as
a greater understanding of the benefits of feeding commercially prepared pet
food to pets. The key drivers of market growth in the region are an increasing
pet population and growing pet nutrition product costs.
China's Competitive Climate Is Being Reshaped By The
Strong Success Of Indigenous Players Is Fuelling Market Expansion.
Domestic
companies currently hold about half of the top ten positions in terms of value
in dog food, and their market share is increasing. Increased innovation and
public awareness also aided the historic expansions. The success of domestic
manufacturers in the Chinese pet food industry highlights the importance of
understanding local culture and surroundings in this unique and varied
industry. Local competence is more important than ever to appeal to Chinese
clients, as the unforeseen pandemic crisis has proved. Companion animal culture
in China has traditionally centered on high-income consumers with a strong
fondness for imported premium brands, which are frequently seen as the finest
option for their pets. However, pertaining to the great performance and growing
prominence of domestic players, this is changing.
The
Major Players in this Market Include
The major companies in the China Pet Food
Market include Mars Incorporated, Nestle Purina Pet Food,
Bridge PetCare, Yantai China Pet Food Co. Ltd, Huaxing Pet Food Co. Ltd, Neovia,
Fwusow Industry Co. Ltd, and Chengdu Care Pet Food Co. Ltd.
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.
Over the years, companies
have mainly focused on research and development and have been investing in
developing various feed products. The advancements in feed related products drove
the market during
2016-2020.