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The pet economy remains hot: smart + elderly care becomes a new growth point

The pet economy remains hot: smart + elderly care becomes a new growth point

2025-08-08

1. News Content


1. Overall market structure and trends

The global pet industry is projected to grow by over 45% over the next five years, exceeding $500 billion by 2030.


U.S. market performance: U.S. pet industry spending reached $152 billion in 2024 and is expected to increase to $157 billion in 2025.


The rise of pet companion services: The global pet boarding market was valued at US$2.67 billion in 2023 and is expected to reach US$3.94 billion in 2027, with a compound annual growth rate of 10.26%.


2. Highlights of the Chinese market

Overall Scale and Growth: The total value of China's pet market will be approximately US$41.9 billion (RMB 300 billion) in 2024, a 7.5% increase from the previous year; it is projected to reach approximately US$112.5 billion (RMB 811 billion) in 2025.


Rapid Growth of High-End and Functional Products: China's high-end and functional pet food market is expected to grow by 6–8% in 2025, reflecting a significant consumption upgrade and pet owners willing to pay for health and nutrition.


Changes in the Number and Structure of Pets: The number of pets in cities is approaching that of children, and by 2030, pets are expected to exceed the number of children under the age of four, resulting in a pet catering market worth US$12 billion. The increasing proportion of elderly pets is driving demand for specialized services such as testing, nutrition, and funerals.


Younger groups are driving growth: Post-2000s individuals are the primary consumer driver, with their pet ownership rate increasing by 39.5% in 2024, and pet spending is becoming more diversified.


Technological Convergence and Consumer Upgrade: Smart hardware, AI services, and digital pet ecosystems are driving industry transformation, and innovation and development are robust in the future market oriented towards "human-pet symbiosis."


2. Data Summary


Market Dimension Key data and trends
Global Market Growth rate will exceed 45% in the next five years, and the market size will exceed US$500 billion in 2030
US market Spending is expected to reach $152 billion in 2024 and $157 billion in 2025.
Pet boarding service $2.67 billion in 2023 → $3.94 billion in 2027 (CAGR 10.3%)
China overall US$41.9 billion in 2024 (up 7.5%), and is expected to reach US$112.5 billion in 2025
High-end food High-end and functional products will grow by 6–8% in 2025
Pet population structure The number of pets in cities will exceed that of children, and the proportion of elderly pets will increase.
Young consumer groups The number of pet owners born after 2000 increased by 39.5%, and their spending continued to expand.
Technology Trends AI and smart hardware applications are being promoted, and service scenarios are constantly being upgraded.


3. Analysis and Interpretation


Consumption upgrades and the trend toward "humanization" of pets continue.

The rapid expansion of the global and Chinese markets reflects that pets are no longer just companion animals, but members of the family. Owners are willing to invest in health, nutrition, and high-end services, driving the market towards high-end segmentation.


The profound impact of demographic and social trends
Against China's low fertility rate, young consumers view pets as spiritual sustenance and are willing to invest more in their care and well-being.


Technology empowerment has become a core of competitive differentiation.
Hardware and platform innovations such as smart tracking, health monitoring, digital instruments, and online services are reshaping market boundaries and becoming a driving force for innovation in the industry.


Service formats are diversifying and growing rapidly.
In addition to traditional food and supplies sales, services such as pet care, health diagnosis and treatment, and pet funeral services are experiencing explosive growth, further diversifying the industry's profit models.

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Blog Details
Created with Pixso. Home Created with Pixso. Blog Created with Pixso.

The pet economy remains hot: smart + elderly care becomes a new growth point

The pet economy remains hot: smart + elderly care becomes a new growth point

2025-08-08

1. News Content


1. Overall market structure and trends

The global pet industry is projected to grow by over 45% over the next five years, exceeding $500 billion by 2030.


U.S. market performance: U.S. pet industry spending reached $152 billion in 2024 and is expected to increase to $157 billion in 2025.


The rise of pet companion services: The global pet boarding market was valued at US$2.67 billion in 2023 and is expected to reach US$3.94 billion in 2027, with a compound annual growth rate of 10.26%.


2. Highlights of the Chinese market

Overall Scale and Growth: The total value of China's pet market will be approximately US$41.9 billion (RMB 300 billion) in 2024, a 7.5% increase from the previous year; it is projected to reach approximately US$112.5 billion (RMB 811 billion) in 2025.


Rapid Growth of High-End and Functional Products: China's high-end and functional pet food market is expected to grow by 6–8% in 2025, reflecting a significant consumption upgrade and pet owners willing to pay for health and nutrition.


Changes in the Number and Structure of Pets: The number of pets in cities is approaching that of children, and by 2030, pets are expected to exceed the number of children under the age of four, resulting in a pet catering market worth US$12 billion. The increasing proportion of elderly pets is driving demand for specialized services such as testing, nutrition, and funerals.


Younger groups are driving growth: Post-2000s individuals are the primary consumer driver, with their pet ownership rate increasing by 39.5% in 2024, and pet spending is becoming more diversified.


Technological Convergence and Consumer Upgrade: Smart hardware, AI services, and digital pet ecosystems are driving industry transformation, and innovation and development are robust in the future market oriented towards "human-pet symbiosis."


2. Data Summary


Market Dimension Key data and trends
Global Market Growth rate will exceed 45% in the next five years, and the market size will exceed US$500 billion in 2030
US market Spending is expected to reach $152 billion in 2024 and $157 billion in 2025.
Pet boarding service $2.67 billion in 2023 → $3.94 billion in 2027 (CAGR 10.3%)
China overall US$41.9 billion in 2024 (up 7.5%), and is expected to reach US$112.5 billion in 2025
High-end food High-end and functional products will grow by 6–8% in 2025
Pet population structure The number of pets in cities will exceed that of children, and the proportion of elderly pets will increase.
Young consumer groups The number of pet owners born after 2000 increased by 39.5%, and their spending continued to expand.
Technology Trends AI and smart hardware applications are being promoted, and service scenarios are constantly being upgraded.


3. Analysis and Interpretation


Consumption upgrades and the trend toward "humanization" of pets continue.

The rapid expansion of the global and Chinese markets reflects that pets are no longer just companion animals, but members of the family. Owners are willing to invest in health, nutrition, and high-end services, driving the market towards high-end segmentation.


The profound impact of demographic and social trends
Against China's low fertility rate, young consumers view pets as spiritual sustenance and are willing to invest more in their care and well-being.


Technology empowerment has become a core of competitive differentiation.
Hardware and platform innovations such as smart tracking, health monitoring, digital instruments, and online services are reshaping market boundaries and becoming a driving force for innovation in the industry.


Service formats are diversifying and growing rapidly.
In addition to traditional food and supplies sales, services such as pet care, health diagnosis and treatment, and pet funeral services are experiencing explosive growth, further diversifying the industry's profit models.