28

2022

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07

China: Ageing pets drive diversified spending

China’s pet industry is growing rapidly, with ageing pets driving higher spending on funerals, specialized nutrition, and diagnostic services. Last year, China’s pet industry spending reached RMB 300 billion (USD 42 billion), growing at 7.5% annually. The pet food market is expected to reach USD 12 billion by 2030.


China’s pet industry is growing rapidly, with ageing pets driving higher spending on funerals, specialized nutrition, and diagnostic services. Last year, China’s pet industry spending reached RMB 300 billion (USD 42 billion), growing at 7.5% annually. The pet food market is expected to reach USD 12 billion by 2030.

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