China Pet Food Market – Opportunities & Forecast, 2020-2027

 

The market research offers historical and forecasts market data, demand, segmentation, price trends, and company shares of the leading players. The report splits the market size, by volume and value, on the basis of product and application. First, this report covers the present status and the future prospects of the market over the forecast period. At the same time, we have classified the China Pet Food Market according to the product and application, and by regions.

Competitive Landscape: The China Pet Food Market report also scans the competitive landscape and profiles the major players operating in the market, including Mars Incorporated, Bridge PetCare, Royal Canin China Co. Ltd, Yantai China Pet Foods Co., Ltd., Nestlé Purina, Huaxing Pet Food Co., LTD, Sanpo Pet Food Co Ltd Chengdu Care Pet Food Co. Ltd, and Ronsy Pet Food Co. Ltd.

China Pet Food Market drivers:

The rising pet population, fast urbanization, increasing pet adoption rates, and growing income of the middle-class population are the major factors driving the growth of the china pet food market. Rising demand for nutritious and high-quality food for pets, along with the growing awareness for animal well-being among pet owners, will further propel the growth of the china pet food market. Furthermore, the emerging trend of humanization of pets and increasing ownership for pets across China will lead to an upsurge in demand for pet food in the market. The growing spending power of nuclear families, along with the growing focus on improving overall health and productivity will further improve the market growth in the forecast period. The rising disposable income of consumers and increasing demand for natural and organic pet food products will boost the growth of china pet food market. Additionally, the shift of consumer's preference towards maintaining an adequate diet for pet health will further surge the growth of the China pet food market. On the other hand, rigorous regulations for the production and importation of pet food will hamper the china pet food market during the forecast period.

Based on the product, the dry food segment is expected to grow at a higher CAGR during the forecast period. China's pet food market is considered the most convenient food type by pet owners due to rising disposable income and the growing number of pet owners in China. Moreover, dry food provides exceptional properties, including low moisture content and cost-effectiveness as compared to wet food, which will further bolster the demand of the segment.

For Additional Insights, Click to Access Complete Report: https://www.gmiresearch.com/report/china-pet-food-market/

The study objectives of this report are:

1.       To analyze the global region’s market potential and advantages, opportunity and challenge, restraints and risks.

2.       To identify significant trends and factors driving or inhibiting market growth.

3.       To analyze the opportunities in the market for stakeholders by identifying the high growth segments.

China Pet Food Market Segmentation:

By Product:

·         Dry Food

·         Wet/Canned Food

·         Nutritious Food

·         Snacks/Treats

·         Others

By Application:

·         Dog

·         Cat

·         Others

 

About GMI Research

GMI Research is a full-service market research and business-consulting organization that offers global as well as medium and small businesses with bespoke industry and market analysis to help them in making the toughest business decision. 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 not only the internal but also the external databases to cull out relevant information of 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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