Articles by 谢哲强

Current Status and Development Trends of Pet Markets at Home and Abroad: The Industry is About to Enter a 'Blowout Era'

China's pet industry has been growing at an annual rate of 12%, making it the world's third-largest market. Over the past decade, the industry's scale has expanded more than 12-fold, with a compound annual growth rate of 49.1% from 2010 to 2016. In 2016, the market for pet dogs and cats alone reached 172 billion yuan, and it is expected to surpass 200 billion yuan by 2020, ushering in a 'blowout era' for the industry.