China Pet Food Market Insights Forecasts to 2033

• The China Pet Food Market Size was valued at USD 10.42 Billion in 2023.
• The Market is Growing at a CAGR of 10.17% from 2023 to 2033
• The China Pet Food Market Size is Expected to Reach USD 27.45 Billion by 2033

The China Pet Food Market is Anticipated to Reach USD 27.45 Billion by 2033, growing at a CAGR of 10.17% from 2023 to 2033.

Market Overview

Pet food is a type of specialty meal designed to meet the nutritional requirements of domesticated animals. Meat, meat byproducts, cereals, grains, vitamins, and minerals are typically found in pet food. Pet food products come in a variety of types, including snack treats, wet, and dry. These products can be derived from plants or animals. The market is driven due to the rising demand for dry and wet foods, as well as the availability of pet foods that can be customized by different firms. Growth in the market is also anticipated to be helped by improvements in pet animals’ general performance and digestion as a result of eating nutrient-rich food. A positive element driving the pet food market growth is projected to be the expanding range of tastes available in organic products and the addition of necessary nutrients like probiotics and antioxidants.

Report Coverage

This research report categorizes the market for the China pet food market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the China pet food market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the China pet food market.

Driving Factors

The pandemic, increasing economic levels, and quick changes in demographics have all contributed significantly to the pet food market's expansion. High-end food items have gained popularity quickly and are thought to drive the expansion of the market. The market is expanding steadily as a result of consumers' demand for high-quality, natural pet food products and their increased knowledge of pet nutrition and health. Technological developments related to pet food production and packaging are driving important market trends and creating profitable growth prospects. The primary factors driving the demand for pet food in China include the rising demand of pet owners for food that is high in protein and nutrients.   

Restraining Factors

The strict regulations that come with commercialization can be a significant restriction due to making developing fresh products more expensive. A different factor that can restrict market growth is the lower acceptance of pricey or expensive products in certain developing economies.    

Market Segmentation

The China pet food market share is classified into pet food products and distribution channel.

• The food segment is expected to hold the largest market share through the forecast period.

The China pet food market is segmented by pet food products into food, pet nutraceuticals/supplements, pet treats, and pet veterinary diets. Among these, the food segment is expected to hold the largest market share through the forecast period. Food involves pet food, both wet and dry, which is essential to a pet's diet and is in great demand as the number of pet owners rises.   

• The supermarket/hypermarket segment is expected to dominate the China pet food market during the forecast period.       

Based on the distribution channel, the China pet food market is divided into supermarket/hypermarket, specialty stores, online channel, and others. Among these, the supermarket/hypermarket segment is expected to dominate the China pet food market during the forecast period. Supermarkets and hypermarkets have a larger part of the market as consumers find them more convenient, with more options for different brands and pricing.     

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the China pet food market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• ADM
• General Mills Inc.
• Mars Incorporated
• Nestle (Purina)
• Virbac
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In May 2023, New cat snacks under the Friskies "Friskies Playfuls - treats" brand was launched by Nestle Purina. For mature cats, these spherical snacks come in tastes like chicken and liver as well as salmon and shrimp.      

Market Segment

This study forecasts revenue at China, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the China pet food market based on the below-mentioned segments:

China Pet Food Market, By Pet Food Product

• Food
• Pet Nutraceuticals/Supplements
• Pet Treats
• Pet Veterinary Diets

China Pet Food Market, By Distribution Channel

• Supermarket/Hypermarket
• Specialty Stores
• Online Channel
• Others