Market Reports on China Provides the Trending Market Research Report on “China Pet Food Market 2022-2026”under Consumer Goods Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.
According to Our comapany’s estimates, the Pet Food Market in China is expected to display an upward trend and is estimated to progress in value and volume at a compound annual growth rate of 16.85% and 14.59%, respectively, over the projected period 2022-2026.
In recent years, pet parents have increased their spending in China. The country’s pet industry is booming with double-digit growth figures. However, the industry is still at its nascent stage, showcasing the potential for higher growth in pet ownership. Additionally, China leads the APAC region in terms of pet ownership, witnessing high spending on pet food. This growth is expected to grow tremendously over the forecast period.
Furthermore, the major geographical location for pet food production is on the East Coast of China. This is mainly owing to the proximity to raw materials, enabling companies to operate conveniently and efficiently. The top ingredients used for dog food production include beef, grains, and chicken. In this regard, geographical location plays a major role in the production processes. For instance, a large supply of corn and wheat in Beijing and Hebei province makes the production of dry food convenient. Hence, all these factors are widening the scope of the pet food market within China.
COMPETITIVE OUTLOOK
Mars Incorporated, Nestle SA, Bridge PetCare Co Ltd, and CrazyDog are some of the key companies in the pet food market.
Browse our full report with Table of Content : https://marketreportsonchina.com/report/762358/china-pet-food-market
About Market Reports on China:
Market Reports on China is thus the one-stop solution for the entire market research requirements with regards to China. We provide you with insight and analysis on the country’s economic outlook at the national, regional and city level, presenting deep understanding of disparities and evolutionary paths. Get a complete, consistent and concise view of your markets with comprehensive industry reports. Our latest regional databanks, forecasts, and detailed risk ratings will help you to identify risk and opportunities in every industry and develop strategic plans to deal with the competitiveness in the Chinese market.
Contact us at:
Market Reports on China
Tel: +91 22 27810772 / 27810773
Email: info@marketreportsonchina.com
Website: www.marketreportsonchina.com
Follow us on: Twitter, Facebook, LinkedIn
No comments:
Post a Comment