Pet market recovery signals economic rebound

Industry expands steadily in 2024 on shifting consumer behavior, an increasingly younger pet-owning demographic

China's pet industry recovered strongly in 2024, with the urban consumption market for pet dogs and cats surpassing 300.2 billion yuan ($41.1 billion), up 7.5 percent year-on-year, according to the 2025 China Pet Industry White Paper recently released by PetData, an industry platform.

The report highlighted the industry's steady expansion, fueled by shifting consumer behavior and an increasingly younger pet-owning demographic.

The pet market recovery signals not only an economic rebound, but also a deeper emotional and financial commitment from pet owners, said the report.