In 2017, the Chinese pet food market reached US$1.5 billion in sales, making it now the 12th largest pet food market in the world. Its 27 percent compound annual growth rate was a result of online sales of pet food increasing to 40.7 percent in 2016-2017.
While traditionally dominated by multinational pet food companies, the number of domestic producers is seeing rapid growth. The market is moving toward premiumization, too, with the average price per kilo of pet food increasing 19 percent in three years, according to GfK. Natural and grain-free products account for more than 30 percent of China’s pet food market.
Pet food professionals from China and other parts of the world learned about China’s growing pet food market during Petfood Forum China 2018 on August 21 at the Kerry Hotel in Pudong, Shanghai. Globally recognized experts presented research and information on pet food nutrition, ingredients, processing, safety, regulations and more. Topics covered included innovations and insights to help pet food professionals in China reach pet owners and experience continued business growth.
This one-day conference also featured exclusive networking opportunities and tabletop exhibits from leading suppliers. Petfood Forum China took place in conjunction with Pet Fair Asia 2018, one of these largest pet trade shows in China.
Petfood Forum China will take place again in August 2019 in Shanghai.