A Close Look into China Petcare Market
Because of the decline in marriage rates and the increase in the aging trend, the companionship of pets is becoming more important for many people living alone nowadays in cities. Following this psychological demand, keeping pets has increasingly evolve into a mainstream life choice in cities. According to the 2018 China Pet Industry Report, from 2013 to 2018, the number of pet households increased from 69 million to 99 million, in five year-on-year growth of 43.9%. And because of the…