What is the pet economy?
After the tourism economy, education economy, and sports economy, the pet economy has flourished and become another emerging industry. Since 2007, many international authoritative consumer market research institutions have begun to pay close attention to China’s pet industry. The number of pets in China is growing rapidly, and the Chinese people are increasingly caring for pets. The survey results show that the number of pets in China has increased by nearly 500% in the eight years from 1999 to 2007. By 2010, the number of pets in China had increased to 150 million.
In recent years, with the improvement of people’s living standards, more and more citizens have begun to keep pets. Correspondingly, various pet supply stores have also appeared. The pet economy, a new type of economy, was born and prospered. From the initial pet trading market to a series of industries gradually derived from the “pet army”. Such as pet food, hospital, grooming, washing, foster care, training, graves. Even pet dating agencies and so on. Covering every aspect of pets’ birth, old age, sickness and death, “Qian Jing” is very good. A complete industrial chain behind pets has gradually formed. And continue to extend to various fields of manufacturing and service industries. The pet industry is expected to become one of the ten most profitable emerging industries in my country in the future. However, the pet economy is in the process of rapid development. A series of problems such as shoddy, fake and inferior products, and abnormally high prices have gradually appeared. Seriously restrict the further development of the pet market.