After the tourism economy, education economy and sports economy, the pet economy has become a new industry. Since 2007, many international authoritative consumer market research organizations have been paying close attention to China's pet industry. The number of pets in China is growing rapidly, and the Chinese are increasingly caring for their pets. The results showed that the number of pets in China increased by nearly 500% in the eight years between 1999 and 2007. By 2010, the number of pets in China will increase to 150 million.
A number of well-known international pet manufacturers have made landfall in China, seizing the huge opportunity of China's pet economy. The domestic pet industry has also been quietly moving, the nuggets' pet economy. The rise of China's pet industry is a combination of many factors in Chinese society.
First, China's one-child policy and an aging population have changed the way people live. The decrease in family size has greatly increased the demand for pets. Children regard pets as their partners, and when they grow up, pets become their parents' spiritual sustenance. Some professionals even put forward the idea of "a pet half man", which shows the importance of pets to Chinese people at this stage.
Second, people's ideas changed, pet is more and more by people as their partners -- especially the urban residents, their disposable income is higher, willing to spend more money on their pets. China's society is undergoing unprecedented transformation, and human relations are more complex than ever before. Therefore, many people rely on pets to eliminate loneliness and relax themselves.
Finally, the democratization of pet prices has accelerated the process of Chinese pets entering the family. The price of a pet that was worth tens of thousands of yuan a few years ago has fallen back to nearly a thousand yuan or even a few hundred yuan, and the return of this living price is the trigger for a surge in pet families.
China's pet population will continue to grow, creating new opportunities for the lucrative pet industry. With per capita GNP of more than $3, 000, the pet market will enter a high-speed growth phase, researchers said. Many of China's major cities have reached that level, and larger cities, such as Beijing, Shanghai, guangzhou and shenzhen, have surpassed that level. The typical western life scene with dog walking is common in many Chinese cities. Pet products, from pet food and pet shampoo to pet toys, have been increasingly on the shelves of supermarkets.