China's pet economy is expanding as the number of people keeping pets grows. The biggest market division is pet food. The Chinese Pet Industry White Paper reports over half of pet owners' expenditure goes to food. And they're becoming more picky and paying more attentions to food ingredients, which has also pushed food makers to segment their pet products. | CGTN Global Business
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104K views · 663 reactions | A growing number of shopping malls are adopting a #pet-friendly policy in #Shanghai, allowing owners to take their furry companions shopping. The Chinese Pet Industry White Paper reports there are over 70 million pet owners in the country, an increase of 3 percent from 2021. The market expansion is pushing many retail stores to see the business opportunities of being "pet-friendly." | CGTN Global Business | Facebook
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50K views · 28 reactions | Do you own pets? Well, Chinese people love them! And the pet care industry here in China is booming too! | China Matters | Facebook
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Graphics: China's booming pet economy
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