With the improvement of people's living standards and the improvement of the living environment, more and more people choose to raise pets, which makes the potential consumer groups of the pet products market continue to expand. At the same time, the diversification of pet types has also brought the diversification of pet supplies, from dog food, cat food to pet toys and clothing, the demand for all kinds of pet supplies is increasing.
Growth of pet products market in 2024
With the continuous improvement of people's requirements for pet quality of life, the function and design of pet toys are also constantly new. Smart toys, interactive toys, outdoor toys and other types of products emerge in an endless stream, bringing pets a richer joy of life, in addition, a variety of pet clothing, decorative supplies are also sought after by consumers, becoming a hot spot in the market. Pet owners' consumption concept is also gradually changing, they should pay more attention to the health and comfort of pet numbers, willing to buy more high-quality, high value-added supplies for pets, which also provides a strong support for the growth of the pet supplies market, 2023-2029 global and Chinese pet supplies market status and future development trend pointed out, The market size of China's dragon goods industry increased from 128.8 billion yuan in 2015 to 32.57 billion yuan in 2021, with the increasing number of pet owners in China and the upgrading of consumption concepts, China's pet products market has a broad space for development, and the market size of China's pet products will reach 44.37 billion yuan in 2024.
In addition to traditional pet food and toys, emerging pet smart devices, health insurance, customized services are also gradually attracting market attention. Especially in developed countries, people invest more and more time and energy in the maintenance and care of pets, which has also led to the continuous expansion of the pet products market. Therefore, the growth trend of the global pet population directly affects the expansion of the pet products market.
Professional beauty tools, care products and care equipment are constantly updated, and the market continues to prosper. At the same time, pet medical care products such as health products, drugs, etc., have also become a popular category in the market, providing a full range of health protection for pets.
Overall, the pet products market continues to grow in size, and the variety of products is becoming more diverse, giving consumers more choices. In the future, with the continuous improvement of people's care for pets, the pet products market will still maintain a good development trend, the market size and competition pattern may be further expanded and adjusted, but also will emerge more opportunities and challenges.
