China Pet Food Market
The China Pet Food market is growing at a stronger rate due to the accelerating pet pollution, increasing pet adoption rates, and fast urbanization in China. The market is predicted to experience increased demand over the forecast period (2020-2027).
Pet food is a dietary nutrient that is mainly derived from plant and animal sources and is often consumed by pets. This food product helps in the overall growth and development of pets. Pet food offers numerous essential nutrients, including phosphorus, calcium, iron, vitamins, protein, iron, and other essential nutrients to meet the nutritional requirement of a pet. Pet food such as wet food, dry food, and others helps in reducing skin allergies and infections to support the pet's life.
The major factors that are contributing to the growth of the china pet food market include the growing pet population, increasing pet adoption rates, rapid urbanization, followed by the growing income of the middle-class population. In addition to this, the strong demand for nutritious and high-quality food for pets, along with the growing awareness for animal wellbeing among pet owners, will propel the market growth. Moreover, the emerging trend of humanization of pets and increasing ownership for pets across China will further boost the market's demand.
The growing spending power of nuclear families and the rising emphasis on enhancing the overall health and productivity will further boost the demand of the market over the forecast period. The growing disposable income of consumers, along with the increasing demand for natural and organic pet food products, will further support the growth of the pet food market. Furthermore, the inclination of consumers towards maintaining an adequate diet for pet health will further enhance the market's growth. On the other hand, stringent regulations for the production and importation of pet food which is likely to hamper the market growth.
Key Players of the China Pet Food Market:
• Nestlé Purina
• Mars Incorporated
• Bridge PetCare
• Yantai China Pet Foods Co., Ltd.
• Huaxing Pet Food Co., LTD
• Royal Canin China Co. Ltd
• Chengdu Care Pet Food Co. Ltd
• Ronsy Pet Food Co. Ltd
• Sanpo Pet Food Co Ltd
China Pet Food Market Report Segment by Product:
• Dry Food
• Wet/Canned Food
• Nutritious Food
China Pet Food Market Report Segment by Application:
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GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, be it small and medium enterprises or large organization. Our research team helps the clients to understand the importance and impact of the market dynamics. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use both internal and external databases to cull out relevant information about the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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