The pet market is getting bigger and bigger, and there are more and more treasure hunters entering the game.
During the interview, journalists learned that China's pet industry has entered a new development stage. Pets are gradually transitioning from "functional companions" to "family members." With the increasing scale of pet ownership, industries related to pet food, pet supplies, pet medical care, pet services, etc., are developing towards refinement and specialization. The demand for "specialized pet products" is rapidly rising. The booming pet economy is attracting more and more industry capital. During the Asia Pet Expo, journalists noticed that many top shelf e-commerce, interest-based e-commerce, and lifestyle platforms had set up booths. A practitioner who has exhibited for 5 consecutive sessions said that the number of e-commerce platforms participating in the exhibition is increasing, and the booth space is getting larger. This also reflects the increasing attractiveness of the pet economy in recent years.
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