- Dec 10, 2017 -
From the perspective of market development, pet staple food appears for a long time and has become a necessity of pet feeding. Currently, it occupies a major share of the pet food market. However, the pet snack market has started to rise in recent years and consumer acceptance has gradually increased. Gradually developed into a larger independent market. Compared to pet staple food, pet snacks market concentration is low, is in constant development, the market potential and greater access to space. In the long run, with the deepening of research on pet snacks and the improvement of the concept of healthy feeding of pets, pet snacks will enjoy tremendous growth.
① US pet food market
Since 2006, the market size of pet staple food for dogs and cats has continued to grow at an annual growth rate of 5.08%. By the end of 2014, the market size of pet staple foods in the United States was about 25.1876 billion U.S. dollars, accounting for the market size of pet foodstuffs for dogs and cats Accounting for 82.06% of the total pet food, accounting for 78.33% of the total scale of pet food. However, the pet food market growth of dogs and cats showed a certain degree of volatility. Since 2008, it has enjoyed rapid growth and an average annual growth rate from 2008 to 2012 The annual growth rate dropped to 1.77% from 2012 to 2014. By the end of 2014, the market scale of pet snacks in the United States was about 5.506 billion U.S. dollars, accounting for 17.94% of the pet food market of dogs and cats, representing a pet The total size of food is 17.13%.
② European pet food market
Despite the unfavorable factors of slowing economic growth, the size of the pet market in the EU continued to grow. From 2010 to 2014, the average annual growth rate was about 3.06%, of which, the growth rate was above 3% from 2010 to 2012, and the growth rates dropped to 2.8% and 2.9% in 2013 and 2014 respectively. Overall, In the growth stage. By the end of 2014, the sales of pet food in EU countries reached 12.43 billion euros, of which, mainly dog food and cat food,
③ Japan's pet food market
Japan pet food market growth is relatively slow, from 2010 to 2014, the growth rate of about 0.64%. By the end of 2014, Japan's pet food market has a market size of approximately 297.565 billion yen, of which, the market size of pet food for dogs and cats is approximately 256.642 billion yen, accounting for 86.34% of the total size of pet food.
① China's pet food industry above-scale industrial output value and sales
China pet food industry has developed rapidly, from 2010 to 2014, with an average annual growth rate of 24.87%. By the end of 2014, the annual output value of pet food enterprises above designated size in China will be 24.785 billion yuan, and it is expected that the output value scale will still grow at a relatively high speed in the future.
China's pet food industry sales also developed rapidly, from 2010 to 2014, with an average annual growth rate of 25.45%, to the end of 2014, China's pet above large-scale enterprises total revenue of 24.066 billion yuan. The rapid expansion of the sales scale of pet food industry in China is mainly due to the rapid growth of the domestic market. As can be seen from the figure above, the growth of domestic sales revenue is obviously faster than the growth of the total sales revenue of the industry. From 2010 to 2014, The average annual growth rate of domestic sales revenue reached 35.88%. By the end of 2014, the domestic sales revenue of pet food industry above designated size in China reached 19.736 billion yuan. It is foreseeable that the pet food market in China will be expected to continue to grow rapidly in a period of time.