Companion Animal Industry in Asia a Booming Market

The Chinese companion animal industry is one of the most promising markets in the global pet industry, according numbers coming out of Pet Fair Asia. 

There are currently around 40 million pets in China, and this number is growing by 20% annually. The Chinese 'pet economy' was valued at approximately RMB2.5 billion ($394 million CAD) in 2010, and it is expected to exceed RMB15 ($2.3 billion CAD) by the end of 2012.

Pet Fair Asia 2012 hosted the International Pet Industry Summit (IPIS) and the first ever Pet Food Forum China. The IPIS featured top level debates from the world's pet industry experts. They discussed trends in consumer behavior and key manufacturing challenges. The first ever Pet Food Forum China, industry experts from throughout the world presented information and insights on pet nutrition and ingredients, safety and packaging and regulations in and out China. The feedback from delegates praised the high quality and diversity of presentations on China's growing market opportunities.

The fair broke all previous records, attracting almost 50,000 visitors during the four-day event held in Shanghai October 11-14, 2012. A total of 506 exhibitors from 25 countries showcased new and existing brands, and 12,351 industry professionals and 36,000 pet owners attended to the show.

Chinese Pet Market Provides Large Opportunity

Pet Fair Asia 2011 may provide entry into a fast growing world market

Trends recently reported include these:

• Changes in Chinese pet legislation will make China a bigger potential market as the annual dog license fees in Shanghai are lowered by 85%.
• In the Zhejiang area alone nearly one thousand factories are OEM pet suppliers.
• China's pet population has grown by a remarkable 28% in five years.
• Analysts from the Shanghai Pet Industry Association predict that sales of pet food and pet products will reach nearly USD 1.5 billion in the near future.

The 14th Edition of Pet Fair Asia 2011 will be held from 24-27 September 2011 at Shanghai Everbright Exhibition Center. The show provides nearly 30,000 sqm of gross exhibit space and expects over 500 exhibitors (including 20% overseas exhibitors) and 10,000 trade visitors.