How has the domestic pet industry developed in recent years?

China's domestic pet industry has been on the rise in recent years, and it is expected that the CAGR will be 15%-20% in the next five years, and the industry size will be 2700-330 billion in 2024. It is worth mentioning that Hangzhou's Tianyuan pet (PETSTAR) has made great achievements in the industry with its strong strength, and its export volume should exceed 1 billion yuan, and the well-built Kira cat litter will also come out in the near future, setting a new benchmark for the pet industry.

The standard of living of the people has improved. A lot of people love to have pets. Therefore, it is very promising to engage in the pet industry, and you used to see where there is a pet hospital on the street? Now the streets are full of pet hospitals and pet shops. It can be seen that people's demand for pets is increasing.

In fact, I think the development of the pet industry is still promising, because now many people like to raise some pet dogs, pet cats and the like, they all need to be washed and cared for in the pet store outside.

Yes, there is great potential for the development of the pet industry in the future. According to the economic market development of the pet industry in recent years, there is also the future, the family status of pets has been improved, and the pet industry has been promoted to develop in the direction of high quality. At the same time, there will be more and more people who have pets, and at the same time promote the diversification of the pet industry.

With the continuous improvement of China's living standards and the shrinking of family size, pet ownership has become a part of the lives of more and more urban people, and China's pet consumption has also formed a scale and shows great potential.

Personally, I think the pet industry still has development prospects, anyway, we are very profitable to open pet stores here, now people's living standards are high, more and more people have pets, and they are willing to spend money for pets.

I think the pet industry still has development prospects, because now the standard of living is better, there are more pets, and then there are still a certain number of buyers.

If you want to engage in the pet industry, as people's living standards are improving, then their mentality towards believing in pets will definitely get better and better, so if you want to engage in the pet industry, the prospects must be better.

Of course, the pet industry has good prospects for development, after all, the fate of the current family is willing to raise a pet, so they will treat the pet like a child, so the pet industry is very promising.

With the pet industry in our country, its development must be more and more pets. Every pet has the possibility of birth, old age, sickness and death, so this industry should have a lot of development prospects.

The pet industry is very promising, because most young people now have a cat or a dog.

Now there are more and more pets at home, and there are many varieties, so if you want to learn to benefit from pets, there are still great prospects in this regard, and I hope you can make a breakthrough in this regard.

Yes, many young people like to have pets, and the elderly are also willing to keep pets to accompany them to relieve boredom after retirement.

Is there a future for the pet industry? I don't think there are any prospects for the development of the pet industry, because after the implementation of the second child, the third child has more children, and there is no time to raise pets, so its prospects will definitely not be good.

This industry really needs to be carefully considered, there are fewer pets now, and it is not as hot as it was some time ago.

The cost of doing a pet boarding business is higher than that of other businesses because it is necessary to have a place where the dog can stay, but this business definitely has the potential to ,..

I think the development of the pet industry is just emerging, and the pet industry has huge room for development.

The reason why I say this is mainly because more and more young people have begun to have the need for pets, and under the premise that many young people choose not to get married and have children, young people need pets more and more. It is precisely because young people themselves have very strong spending power, and young people are more willing to spend money on pets, so I am very optimistic about the development of the pet industry.

First, the pet industry itself is just emerging.

Second, I think the pet industry has a lot of room for development.

Third, I think the pet industry needs to further rectify the order of the industry.

The continuous growth of per capita GDP and disposable income has provided a solid economic foundation for household consumption

In recent years, the per capita disposable income of Chinese residents has increased year by year. The increase in people's disposable income will help people increase their consumption in pet food, pet supplies and pet services, and increase the increasing penetration rate of pet products. The trend of "relative" pets will further push owners to pay.

From the most basic commodity staple food to pet snacks to pet health products, "shovel officials" are willing to pay more for high-quality products. In addition to providing life security for pets, the demand for pet consumption related to health, play, dressing, and social activities is on the rise.

Therefore, the development of China's economy not only promotes the improvement of the living standards of pet owners, but also promotes the consumer confidence of pet owners to a certain extent, and is more willing to consume for their pets, which promotes the development of China's pet economy to a certain extent.

Pets can meet people's emotional and companionship needs, and the huge single population has promoted the development of China's pet economy

According to the data of the National Bureau of Statistics, the proportion of one-person households in China has increased year by year in recent years, from 2015 to 2019, an increase of one percentage point. With the increasing number of people living alone, families in China are showing a trend of singleness.

The huge single population will give birth to new consumer demand around this type of people, pets can meet the companionship and spiritual sustenance of single people, to a certain extent to alleviate the pressure of work and life, people's recognition of pets as companions continues to improve, will promote the continuous development of China's pet economy.

From prohibiting and restricting pet raising to regulating pet raising, the policy has been gradually relaxed

From the policy direction, from the 80s of the last century to the present, China's dog policy gradually liberalized, through the development process from the ban to the restriction to the gradual relaxation, in the 80s of the 20th century, the policy clearly stipulates that it is forbidden to raise dogs, due to the rabies epidemic, affecting people's life safety and social stability, in November 1980, the Ministry of Health issued relevant regulations, clearly stipulating that dogs are prohibited in cities above the county level and suburbs, emerging industrial areas.

In the 90s of the 20th century, the policy was relaxed, and some areas began to restrict breeding. In 1994, Beijing promulgated the "Beijing Municipal Regulations on Strict Restrictions on Dog Breeding", from the prohibition to strict restrictions on dog breeding, allowing residents to keep pets, but restricting the area, quantity, and breed of pets.

After 2000, the policy was gradually liberalized to standardize pet raising. In 2003, the "Beijing Dog Management Regulations" was promulgated, which made clear provisions on the raising of pets, and the number of dog licenses dropped significantly.

From the perspective of the number of policies, since 1997, China's annual release of pet industry-related industrial policies has shown an overall upward trend, and in 2018, China issued a total of 6 pet industry-related industrial policies, which is the highest level in recent years.

From the perspective of policy structure, China's policies on the pet industry are concentrated in two subdivisions: pet medical care and pet food. Specifically, China's pet medical related policies account for about 60%, and pet feed-related policies account for about 40%.

I think the development of the pet industry is very good, the economic foundation feels that the superstructure, pets are getting younger and younger, especially young women, in their own exquisite life, pets are naturally more and more exquisite, so that most of the money will flow into the pet industry.

The pet industry in the center is growing rapidly, but the market share is not saturated. Because the number of pet owners is still increasing. The pet market is chaotic and mixed, and there is no relevant industry standard.

I feel that the pet industry has a lot of room for development, because now there are more and more people who have pets, but the pet industry needs to further rectify the industry order, because it is an emerging industry that there will be many loopholes.

The development prospects of the pet industry are good, and the development scale of pet companies this year can be seen in the fancy pet and easy pet.