Why pet products industry develop rapidly in China?
Many internationally renowned pet manufacturers have landed in China one after another. Seize the huge business opportunities of China’s pet economy. The domestic pet industry has also been quietly moving, the Nuggets pet economy. The rise of China’s pet industry is due to the combined effects of many factors in Chinese society.
First of all, China’s family planning policy and the aging population have caused changes in people’s living habits. The reduction in the number of households has greatly increased the demand for pets. Children treat pets as their companions. When they grow up and have a family, pets become the spiritual sustenance of their parents. Some professionals even put forward the term “one pet and half a child”. This shows how important pets are to Chinese people at this stage.
Secondly, people’s thinking has changed. Pets are increasingly seen by people as their companions—especially urban residents. They have higher disposable income and are willing to spend more money on pets. Chinese society is undergoing an unprecedented transformation. Interpersonal relationships are more complicated than ever. Therefore, many people rely on pets to eliminate loneliness and relax themselves.
Finally, the civilianization of live pet prices has accelerated the process of Chinese pets entering the family. A few years ago, the current price of pets worth tens of thousands of yuan has dropped to nearly 1,000 yuan or even several hundred yuan. And this return of living body prices is precisely the fuse of the surge in pet families.
