中国五大蓬勃发展的消费经济体（英）-CHOZAN-ALARICE

TOP 5 THRIVING CONSUMPTION ECONOMIES IN CHINAEXPLORING GROWTH INDUSTRIES IN 2025350E : info@chozan.co W : www.chozan.co W : www.ashleydudarenok.com 3511AS PETS ARE NO LONGER SIMPLY REGARDED AS TOOLS FOR GUARDING HOMES BUT HAVE BECOME INDISPENSABLE EMOTIONAL COMPANIONS AND LIFE PARTNERS WITHIN FAMILIES, CONSUMERS' CARE FOR AND INVESTMENT IN THEIR PETS CONTINUES TO GROW.THE PET ECONOMYE : info@chozan.co W : www.chozan.co W : www.ashleydudarenok.com 352CHINA’S PET ECONOMYThe size of China's pet market is expected to reach 345.3 billion RMB (about 47.4 billion USD) in 2024, representing a 5.8% increase compared to 2023. The compound annual growth rate (CAGR) from 2019 to 2024 is approximately 7.8%.Source: CBNData0122436480%5.5%11%16.5%22%201920202021202220232024E47.444.842.137.531.030.15.8%6.3%12.3%20.9%3.1%17.8%5.8%6.3%12.3%20.9%3.1%17.8%CHINA’S PET MARKET SCALE AND GROWTH RATE (UNIT: BILLION USD)E : info@chozan.co W : www.chozan.co W : www.ashleydudarenok.com 353CHINA’S PET POPULATIONSource: iResearchThe number of pet cats has exceeded the number of pet dogs for three consecutive years for the following reasons: • Strong independence of pet cats • Smaller food portions for pet cats • Smaller size of pet cats017.53552.5702019202020212022202369.8065.3658.0648.6244.1251.7551.1954.2952.2255.03COMPARISON OF URBAN PET DOG AND PET CAT POPULATIONS IN CHINA (IN MILLION)E : info@chozan.co W : www.chozan.co W : www.ashleydudarenok.com 354CHINA’S PET OWNER POPULATIONThe proportion of pet owners in tier-1 cities has shown a slight decline in recent years. In contrast, the proportion in tier-3 and lower-tier cities increased. Possible reasons include: • Tier-1 city governments have implemented stricter policies to strengthen urban pet regulations. • The rising consumption capacity of residents in tier-3 and lower-tier cities has driven the growth of pet ownership in these regions.Source: iResearch0306090120202020212022202330.0%21.8%23.6%20.4%41.1%50.7%43.9%41.8%28.9%27.5%33.5%37.8%Tier-1 citiesTier-2 citiesTier-3 cities and belowPET OWNERS CITY DISTRIBUTIONE : info@chozan.co W : www.chozan.co W : www.ashleydudarenok.com 355PET-RELATED CONSUMPTION166.8 BILLION RMB (ABOUT 22.89 BILLION USD) ESTIMATED SIZE OF CHINA'S PET FOOD MARKET48%Source: iResearch27%94 BILLION RMB (ABOUT 12.90 BILLION USD) ESTIMATED SIZE OF CHINA'S PET MEDICAL MARKET15%51.3 BILLION RMB (ABOUT 7.04 BILLION USD) ESTIMATED SIZE OF CHINA'S PET SUPPLIES MARKET10%33.2 BILLION RMB (ABOUT 4.56 BILLION USD) ESTIMATED SIZE OF CHINA'S PET SERVICES MARKETE : info@chozan.co W : www.chozan.co W : www.ashleydudarenok.com FORWARD LOOKINGPET FOOD CONSUMPTION356Source: iiMedia42.6%51.5%5.9%Over 5 times3-4 times1-2 timesMONTHLY CONSUMPTION FREQUENCY OF PET FOOD68 USD and below69-136 USD137-205 USD206-273 USD274 USD and above8.6%10.91%25.45%40%15.04%ANNUAL CONSUMPTION AMOUNT OF PET FOODWith the improvement of living standards and the increasing importanc