2023-03-13
On February 24, the Second China Cat Industry Summit, hosted by the Pet Industry Branch of the China Animal Husbandry Association and co-organized by Yantai Zhongchong Food Co., Ltd. and Xinruipeng Pet Healthcare Group, successfully concluded at the China International Exhibition Center.
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2023-03-13
According to the “China Pet Industry White Paper—2022 China Pet Consumption Report,” in 2022 the urban pet (dog and cat) consumption market reached RMB 270.6 billion, up 8.7% from 2021—a significant deceleration compared with the 21.2% growth recorded in 2021. Specifically, growth in the dog consumption market slowed to 3.1%, while the cat consumption market continued to expand steadily, increasing by 16.1% over 2021. The “cat economy” that surged during the pandemic has provided a steady impetus for the pet industry’s sustained growth.
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2023-03-13
At the end of 2022, China underwent a profound transformation, most notably the abrupt shift in its COVID-19 prevention and control policies. On the surface, large-scale, routine pandemic management appears to have come to an end; yet in reality, people’s minds remain shrouded in the lingering shadow of the virus. Much like the domestic economy, recovery will still take some time.
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2023-03-13
Today, I’d like to share with you the “Pet Industry Special Report: The Long-Term, High-Growth Pet Sector in the Post-Pandemic Era,” released by Bohai Securities. We hope it will be of value to all of you. The report is as follows:
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