After several years of double-digit value growth rates, pet products is expected to return to greater levels of normalisation in terms of growth from 2023 with a flatter curve. Upcoming expenditure on pets is expected to be driven by the existing pet population, although certain types of pets, including cats, are expected to continue to gain in popularity.
Since the pandemic, many Hong Kongers have become increasingly aware of their health and wellness, and this is expected to be a key determinant factor when deciding to purchase associated pet products in the long term. With longstanding negative perceptions of Western medicine relating to reliance and potential side effects such as steroids, many local consumers are shifting to more natural remedies, leading to increasing interest in traditional Chinese medicine concepts as alternatives.
Pet owners, especially dog owners, are increasingly utilising technology to help them care for their pets, such as interactive cameras to keep track of their pets at home as well as interacting with them while the owners are away, or GPS collars or tags to track their pet’s location. As local consumers increasingly treat their pets as children, they are keen to keep track of their pet’s health and wellbeing as they would their own health by using smart wearables.
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Understand the latest market trends and future growth opportunities for the Pet Products industry in Hong Kong, China with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Pet Products industry in Hong Kong, China, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
This is the aggregation of cat litter, healthcare, dietary supplements and other pet products.See All of Our Definitions
This report originates from Passport, our Pet Products research and analysis database.
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