China’s Pet Market Hits 170B Yuan, Young Consumers Drive Growth

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A new report points to roaring growth in China’s market for pets as they become increasingly popular with youthful consumers.

The recently released “2018 China Pet Sector White Paper” (2018年中国宠物行业白皮书) indicates that China’s pet consumer market has reached 170.8 billion yuan.

According to the report China’s pet ownership volume is second in the world behind the United States and Japan, while the market is distinct from that of Europe and North America in that it’s driven by more youthful consumers who are more willing to spend money on their pets.

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