The market is dominated by domestic suppliers, as imports account for 0.4% of total market size in 2022. B2B drives market demand, with B2B spending representing 94.1% of total demand in 2022. China has the largest market size for pet food and animal feeds regionally, with demand reaching USD307 billion in 2022. New Hope Liuhe Co Ltd is the largest company in China, generating 9.9% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 31.7% of total production value in 2022. The total number of companies decreases in 2022, to 25,649 units. The costs of the industry increase by 6.4% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 5.3% of production value in 2022, the 15th highest regionally. The industry’s exports share increases in 2022 to 0.9% of total production output. With production value of USD298 billion, China accounts for 77.7% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Pet Food and Animal Feeds in China: ISIC 1533. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Pet Food and Animal Feeds in China: ISIC 1533 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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