What are the pressures of China’s pet products market?
Compared with the more well-known international pet product companies, China’s pet product companies started relatively late. With the rapid development of China’s pet product market, many foreign pet product companies quickly seized the Chinese market. As a result, the competitive strength of pet products companies in the domestic market has declined significantly. In addition, well-known foreign pet products companies are stronger than Chinese pet products companies in terms of technology and capital reserves and other comprehensive strengths. Therefore, the market competitiveness is stronger than that of the Chinese market.
The domestic pet products market is very unevenly distributed in the domestic sales market. And the industry does not have a unified industry standard. my country’s relevant laws and regulations do not propose clear indicators to regulate the pet products market. This requires the domestic pet products market to strengthen the construction of relevant industry regulations. Thus, the pet products market will be fully regulated and improved.
As the threshold of pet products industry is relatively low, it mainly appears in the form of free market. Therefore, its unity is greatly reduced, and its market competitiveness cannot be effectively improved. Coupled with the recent rise in prices, the development of the pet products industry is facing various challenges.
