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As the end of the year approaches, many places such as Chengdu, Guangzhou, Changsha, and Shanghai will hold pet exhibitions, covering the pet and aquarium industry, pet food, pet medical care, pet services, and surrounding areas. Ai Media Consulting predicts that as the pet market economy enters a prosperous period, the domestic market size will continue to grow and is expected to reach a market size of 800 billion yuan in the future. This has also attracted listed companies to actively engage in the blue ocean market of pet economy, laying out areas such as pet food, formula and seasoning, pet products, and service chains.

Holding pet exhibitions in multiple locations

From December 1st to 3rd, the first Pet and Aquaculture Industry Expo in Changsha was held at the Changsha Red Star International Convention and Exhibition Center, with a total exhibition area of approximately 30000 square meters, bringing together more than 800 exhibitors and over 3000 trendy brands. In addition to pet breeds such as cats and dogs, special pets such as ornamental fish, shrimp, crabs, and arthropods were also exhibited at the expo. Exhibitors also bring various peripheral services and products such as pet diagnosis, pet food, pet clothing, and pet housing.

Liu Xinyue, an on-site manager of Changsha Red Star International Convention and Exhibition Center, told reporters, "The flower, bird, fish, and insect market in Changsha emerged in the Qing Dynasty and flourished in the present. Due to a lack of planning in the early stage, the market was scattered and occupied a small area, which did not reflect Hunan's unique charm and local advantages in flowers, birds, fish, and insects. In the future, driven by multiple demands, the scale of Hunan's pet and aquarium market is expected to continue to rise."

In addition, cities such as Chengdu and Guangzhou will also hold pet themed exhibitions in the near future. The most representative pet expo of the year is undoubtedly the China International Pet Aquarium Exhibition, which will be held from December 7th to December 10th at the National Convention and Exhibition Center (Shanghai).

The concentration of pet exhibitions in multiple regions is closely related to the sustained high growth of the pet economy. According to data from iMedia Consulting, the scale of China's pet economy industry reached 493.6 billion yuan in 2022, a year-on-year increase of 25.2%. It is expected that the domestic market size will reach 811.4 billion yuan by 2025.

Multi point layout of listed companies

In terms of pet food, on December 4th, Yuanfei Pet introduced during a survey conducted by Xinda Securities that the company has sold pet traction equipment, pet snacks, pet staple food, pet health products, cat litter, etc. through e-commerce channels, and has started expanding the newly leased land on Cambodia's Aitao, which will be used for the production of pet snacks and supporting processes in the future.

In terms of pet food additives, Sobao Protein, which will be launched soon, stated that its soy protein concentrate has been used in pet food, and it is expected that the rapid growth of the market will drive steady growth in demand for corresponding products. Shengquan Group also stated that its xylose has been used as an additive in pet food, and as a calorie free sweetener, it is more beneficial for pet health.

In terms of pet healthcare, Biotech, which is promoting private placement, stated that as the pet economy becomes increasingly active, pet health and safety are receiving attention from owners, and the demand for pet vaccines is increasing. The company has mature products and corresponding approvals in the field of rabies inactivated vaccines. The company also stated that the market capacity of pet chemicals is larger than that of pet vaccines, and the company has started to layout.

In terms of pet products, Tianyuan Pet stated in a survey that the company started with cat climbing frames and pet litter mats, gradually entering multiple fields such as high value-added pet toys, pet clothing, pet daily necessities, and electronic products, and successfully entered overseas pet markets such as the United States, the European Union, Australia, and Japan.