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New entrants taking a bite of pet food market By Zhao Shiyue | chinadaily.com.cn | Updated: 2021-07-26 15:33 Share CLOSE Consumers pick cat food at a pet exhibition in Beijing, on May 20, 2021. [Photo/IC]
As Chinese pet owners are paying more attention to pets health care and nutrition than before, the sector is seeing robust growth, with increasing newcomers and billions of investment plunging in, Securities Daily reported Monday.
In the first half of this year, the number of financing rounds in the pet sector had reached 22, and seven were about functional food and nutrition products, according to data from Chongyejia, an information service company for the Chinese pet industry.