Pet sales leapfrog last year's numbers | Updated: 2020-07-07 13:59
A boy looks at a cat at the 7th Universal Cat Association exhibition held in Shenyang, Liaoning province, on July 4, 2020. [Photo/Sipa]

China's pet market is expected to hit 295.3 billion yuan ($42.08 billion) this year, up from a figure of 221.2 billion yuan in 2019, according to market consultancy iMedia Research.

The consultancy said cats and dogs remain the main pet types, and niche pet supplies saw a clear upward trend, with supplies for insect sales surging over 200 percent year-on-year as well as supply sales for hamsters, reptiles and rabbits increasing nearly 100 percent.

Among pet owners, 46.3 percent are in the post-80's generation and 20.3 percent are in the post-90's generation; moreover, over 30 percent of pet owners' monthly income surpasses 8,000 yuan. Owners with a bachelor's or graduate degree account for 59.5 percent and 5.8 percent, respectively.

During the COVID-19 epidemic, pet livestreaming on online shopping platforms jumped 375 percent year-on-year, with daily audience numbers surpassed 1 million. In March, pet sales grow nearly 1.5 times from the same period last year.

1 2 3 4 5 6 Next   >>|
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349