China: Pet Food Market Update 2024
Link to report:
In 2024, China’s pet (dog and cat) consumer market reached $41.9 billion (302 billion yuan), an increase of 7.5 percent compared with 2023. Despite the economic headwinds faced by Chinese consumers, China’s pet consumer market demonstrated resilience and steady growth following a 10-year period of rapid growth. Pet food remained the largest segment of the pet consumer market in 2024, with a share of 52.8 percent among all pet-related consumption. Amid a rising domestic pet food manufacturing industry and competition from international markets, the United States remained the top pet food supplier to China accounting for over 69 percent of market share the first 10 months of 2024. Market trends indicate that Chinese consumers continue to prefer premium U.S. pet food.
