A must-read for pet entrepreneurs: One article to understand the global pet market trends of pet supplies, opportunities for pet smart products, and the advantages of exploring each segment!
Release time: 2024-09-23 15:33:12 Editor: admin Views: 3743
Part 1: Macro research on the pet industry including domestic and foreign markets
1. Overview of the global pet market
According to data from consulting firm Common Thread, the latvia mobile database global pet market consumption will reach US$261 billion in 2022, a year-on-year increase of 12.5%. From 2022 to 2027, the global pet industry is expected to grow at an average annual compound growth rate of 6%, reaching US$350 billion in 2027.
As the world's most mature pet market, the United States leads the world in pet food and pet supplies. As a rapidly developing pet power, China ranks third in the world in terms of pet food consumption and second in the world in terms of pet supplies consumption.