Chinese players flock to the intelligent pet product track

Fri, 10/06/2023 - 10:28

The compound growth rate of China's pet industry in the past 12 years is 27%, and the per capita pet raising rate is less than 10%. As the world's largest pet consumer market, the household pet ownership rate in the United States is as high as 70%, while the pet ownership penetration rate in Japan and Europe has also reached 57% and 49%.

2022 seems to be a year when pet smart product brands have sprung up, with excellent players such as Furbulous, HHOLOVE, and Traini all established in this year.