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Learn moreMay 2020
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Retail value sales in pet care in Hong Kong experienced slower growth in 2019 and 2020 compared to the historic period. Due to the Anti-Extradition Law Amendment Bill Movement in the latter half of 2019 and the outbreak of coronavirus disease in early 2020, the retailing environment was dampened.
In line with the rising awareness about pet health, owners desire a more balanced and complete diet for their pets. In dog and cat food, freeze-dried, jerky, gravy and stewed food are rising strongly due to the high meat and protein content being retained.
To sustain consumer loyalty in the competitive retail arena of pet care, pet shops and online retailers continued to collaborate with and source more pet care brands. This aims to diversify product portfolios, induce agglomeration and accumulate consumer trust so that customers stick to the retailers even when changing their flavours or seeking novel varieties.
Pet care witnessed significant growth of sales through online retailers in 2019 and 2020. Many individual pet shops also shifted their business emphasis to their online platforms in times of 2019’s Anti-Extradition Law Amendment Bill Movement and 2020’s coronavirus disease.
Over the forecast period, retail value sales growth in pet care is set to recover in 2021 after the short-term impact of the Anti-Extradition Law Amendment Bill Movement and the outbreak of coronavirus disease. Then the growth is likely to slightly slow down after 2021 due to a weaker premiumisation trend especially in dog food and other pet food.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Pet Care industry in Hong Kong, China with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Pet Care industry in Hong Kong, China, our research will save you time and money while empowering you to make informed, profitable decisions.
When you purchase this report, you also get the data and the content from these category reports in Hong Kong, China for free:
The Pet Care in Hong Kong, China market research report includes:
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Why buy this report?
This industry report originates from Passport, our Pet Care market research database.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.