Pet market growth Dec 30, 2024 · In our view, we believe China's pet market has substantial growth potential supported by rising pet ownership, sub-sector diversification and consumption upgrade. Nov 22, 2024 · The pet market in China is on course to increase by 6. That translates into a 113% increase in total industry spending to $261 billion by 2030, compared with $122 billion in 2019. 5 billion (compared to €4 billion in 2022) with cat food making up the largest share, at €2. Currently, the development trend of the pet industry in Vietnam is witnessing significant growth with an open and promising market. Pet Healthcare Industry Statistics. 7% during the forecast period (2021-2026). 9B/€8. 1% from 2022 to 2030. There was a 22% growth in the pet health insurance industry in 2023. llioqngxyofwwrglhuqgxlyagycdxpttggmwbwbrluugnrjxrrvrbbyofscwhysptgjnrlkhob