Research and Markets has added a new petfood market report, Report on China's Pet Food Market Competition 2013, to its offerings, available for purchase online.
According to the report, China's local petfood companies market products including dry petfood, wet petfood, petfood snacks and pet nutrients. These companies have sales revenue of more than 1.5 billion Yuan (US$241 million), and market scale continues to increase by more than 15 percent on average annually.
In addition to these findings, the report provides a detailed analysis of petfood industry regulations and trends in China's national policies; the development history of China's petfood market and future growth opportunities; characteristics of petfood consumption and consumer purchasing in major areas; circulation channels of China's petfood; competition between foreign and domestic brands; and more.
It gives more direct control to CVM in establishing and maintaining ingredient definitions
The mid-year meeting addressed several regulatory matters affecting petfoods
Committees discussed key proposals such as a possible shift in the oversight of animal feeds
There's a disconnect between consumers' confidence in petfoods and their knowledge of what makes the foods nutritious
As an industry, are we missing a huge opportunity to take advantage of another aspect of the human-pet bond?
Read more of Dr. Mukund Parthasarathy's insights on the changing petfood retail market and how it affects petfood manufacturers large and small
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