21世纪经济报道记者陶力 实习生王野 上海报道 当养宠成为情感消费和寄托，宠物消费也步入了高速扩容通道，并呈现出地域下沉与消费升级并行的新 态势。 刚刚落幕的第27届亚洲宠物展览会透露了新的数据，本届展会吸引行业内外超51万观众到场，其中年轻 消费者超七成。《宠物行业蓝皮书：2025中国宠物行业发展报告》显示，犬猫作为主流宠物，总量已达 1.87亿只。超半数年轻人有过养宠经历，而当前正在养宠物的年轻人比例更是高达45.3%。 与此同时，央视新闻报道称，2024年，我国宠物消费市场规模达1668亿元，同比增长7.54%，预计2025 年将突破1755亿元。 千亿红利背后，是养宠需求日趋差异化、高端化的真实图景。从宠物展涌现的海量新品，到宠物问诊、 保险等衍生服务勃兴，"它经济"正在成为消费市场一股强劲浪潮。 但是，其成熟度与欧美日韩市场的显著差距。 以刚需食品为例，公开数据显示，我国宠物食品CR10(行业前10家企业的市场占有率总和)仅24%，不足 美日市场的一半。"中国宠物市场家庭渗透率不及欧美的三分之一，相较日韩也可能仅有一半。"淘天宠 物行业负责人赏音认为，消费者愿意为高端化买单，但核心是要找到差异化卖点 ...

四大证券报内容精华摘要如下： 中国证券报 ·长线资金"上榜" 大手笔布局超百只A股 近日，随着上市公司2025年半年报陆续披露，社保基金、基本养老保险基金等长线资金的部分持仓情况 浮出水面。统计截至8月21日披露的上市公司半年报数据发现，二季度末已有40余只社保基金组合、20 余只基本养老保险基金组合进入上市公司前十大流通股东行列，覆盖上市公司约160家。南微医学、凯 立新材、苏试试验获得多只社保基金组合的青睐。3只个股前十大流通股东均有3只社保基金组合的身 影。春风动力、蓝晓科技受到养老金机构的追捧。 ·亚宠展上的科技革命："智能化"之笔点睛"它经济" 在上海新国际博览中心的E1展馆内，优克联展台的演示屏幕上，一只柯基犬在做出高频习惯动作后， 随即触发项圈上的智能设备，与异地出差的宠物主开始了远程语音"通话"。这不是科幻电影场景，而是 第27届亚洲宠物展览会上的真实一幕。8月21日上午9时，记者在展馆外看到，观众已排起长龙。2600多 家展商、31万平方米展览面积、预计超过51万的参观人次……这些数字背后，是一个正在高速发展 的"它经济"市场，而智能化是支撑其高质量扩容的重要引擎。 ·"创新+国际化"步伐加 ...

Core Insights - The pet economy is rapidly evolving, driven by technological advancements and a shift towards more sophisticated pet care practices [1][2][8] - The demand for smart pet products is increasing, with innovations such as AI-enabled devices and health monitoring systems gaining traction [2][3][8] - The supply chain for pet products is undergoing significant upgrades, enhancing efficiency and product quality [3][4][5][6] Industry Trends - The "it economy" is characterized by a growing emphasis on emotional consumption and refined pet care, moving beyond basic needs [2][8] - The integration of AI in pet products is becoming a key trend, with companies developing smart devices that enhance interaction between pets and owners [8] - The number of pet-related enterprises in China has surged, indicating a robust growth trajectory in the pet industry [7][8] Company Performance - Companies like Zhongchong Co. reported a 24.32% increase in revenue for the first half of 2025, reflecting the booming pet market [6] - Ruipubio expects a profit increase of 50% to 70% for the same period, driven by a focus on pet healthcare and supply chain integration [7] - New entrants, such as Yongli Co., are diversifying into the pet sector, highlighting the industry's attractiveness to various businesses [7] Technological Innovations - The Asia Pet Expo showcased cutting-edge products, including the world's first pet smartphone and automated pet care devices [1][2][3] - Companies are leveraging AI and big data to enhance production processes and product offerings in the pet food sector [3][4] - Innovations in packaging and logistics are crucial for meeting the seasonal demands and shelf-life challenges of pet food products [5][6]

Core Insights - The 27th Asia Pet Expo held in Shanghai from August 20 to 24, 2025, achieved record scale with over 310,000 square meters of exhibition space and more than 2,600 exhibitors, attracting an estimated 510,000 visitors, predominantly young consumers [1][3][20]. Industry Overview - The pet industry is experiencing robust growth, with the market size in China projected to reach 388 billion yuan in 2024 and exceed 450 billion yuan in 2025 [20]. - The number of pet-related enterprises in China surged from 380,000 in 2019 to 4.099 million in 2024, reflecting a tenfold increase with an annual growth rate of 60% [23]. Product Innovation - The expo featured over 2,000 new products, highlighting niche innovations in the pet food sector, such as specialized dental formulas for dogs, addressing prevalent oral health issues [6][7]. - The "Genius Hub" showcased cutting-edge pet technology, including the world's first pet smart phone and AI-assisted medical devices, indicating a trend towards integrating technology in pet care [16][19]. Consumer Trends - Pet ownership is evolving from basic care to a focus on emotional fulfillment and personalized experiences, with services like pet photography and custom dining experiences commanding premium prices [23][26]. - Young consumers are increasingly driving the market, with over 70% of attendees at the expo being from this demographic [3]. International Engagement - The expo attracted over 90 international buyers from various countries, reflecting global interest in the Chinese pet market, with a 40% increase in overseas attendees compared to the previous year [10][26][27]. - International exhibitors, such as those from Poland, are keen to establish partnerships in China, showcasing the global recognition of the country's pet industry potential [10].

Industry Overview - The pet industry in China is experiencing a golden development period driven by the continuous release of emotional consumption demand and industrial upgrades, with overall annual transaction scale exceeding 50 billion yuan on platforms like Taobao and Tmall, indicating strong growth momentum [1] - The pet economy has become a highly dynamic segment in China's consumer market, with the urban pet consumption market projected to reach 300 billion yuan in 2024, reflecting a year-on-year growth of 7.5% [1] Market Segmentation - Pet food remains the core category, with the market expected to surpass 150 billion yuan by 2025, maintaining a compound annual growth rate (CAGR) of over 18% for the next five years [1] - There is a noticeable trend of consumption upgrading across various segments of the pet industry, particularly in food, health products, and smart pet supplies, with significant growth in specialized pet food and health products [1] Consumer Trends - The demand for pet health products, such as deworming medications, is robust, and the rise of smart pet products and fashionable consumption is enriching the industry ecosystem [1] - Notable increases in specific product categories include a tenfold increase in pet stroller transactions, a 58% growth in pet accessories, and a 202% surge in searches for pet air purifiers [1] Emotional Value Shift - Brands like Nike, Adidas, and Jordan are launching trendy pet products, intensifying competition while shifting consumer focus from "practical value" to "emotional value" [2] - As pets become important emotional carriers, the industry is evolving beyond mere commercial value, contributing significantly to economic growth in what is termed the "it economy," a trillion-level consumption market [2]

Core Insights - The 27th Asia Pet Expo opened in Shanghai, showcasing products and services covering the entire pet lifecycle, highlighting the explosive growth of the "pet economy" and its appeal to younger consumers [1] Industry Trends - Over 30% of pet consumers are from the "post-95" generation, with "post-05" users increasing by 92% year-on-year, indicating a shift in consumer demographics [1] - The demand for diverse, intelligent, and one-stop pet services is rising, becoming a significant growth driver in retail services, with over 30,000 businesses offering pet services on a specific online platform [1] Consumer Behavior - Young pet owners are increasingly engaging in social activities with their pets, such as visiting pet-friendly parks and cafes, with searches for "pet-friendly" services increasing by 80% year-on-year [1] - Online consultations for pet medical needs are becoming a trend, with over 60% of pet owners having experience with online consultations, and a 116% increase in searches for "pet online consultation" since August [2] Medical Sector Growth - The pet medical sector is experiencing rapid growth, with an increasing emphasis on online services as young pet owners demand higher standards of care and information [3] - The integration of pet insurance and comprehensive service offerings is being pursued to enhance user experience and safeguard consumer rights [2]

Core Insights - The article discusses the emergence of a new undergraduate program in "Companion Animal Science" at China Agricultural University, which is part of the broader trend of universities offering pet-related majors to attract quality students [2][5][10]. Group 1: Industry Trends - The pet economy in China is experiencing robust growth, with the urban pet market projected to exceed 300 billion yuan by 2024 and potentially surpass 400 billion yuan by 2027 [4][10]. - The changing demographics, such as an aging population and increasing numbers of single-person households, have led to pets becoming significant emotional companions for many families [4][10]. - The demand for pet-related professionals is rising, with over 40% of job postings requiring only a college diploma, while only 6% require a bachelor's degree [6][10]. Group 2: Educational Developments - There are currently over 150 vocational colleges offering pet-related programs, while the number of undergraduate programs remains limited, primarily starting after 2020 [9][10]. - The curriculum for pet-related majors often builds on existing animal science and veterinary medicine courses, with a focus on companion animals [11][18]. - The geographical distribution of these programs shows that Henan province leads with 17 institutions offering related majors, followed by Heilongjiang and Jiangsu [11][10]. Group 3: Career Opportunities - The pet industry has diversified into over 20 specialized careers, including roles such as veterinarians, pet trainers, and pet groomers, reflecting a shift from traditional pet care roles [26][23]. - New job roles, such as "pet influencers," are emerging due to the growth of digital media and content platforms, indicating a fusion of the pet industry with technology and media [27][23]. - Despite the variety of career paths, many professionals face challenges such as low pay and high job stress, which can lead to disillusionment [31][32]. Group 4: Future Outlook - The pet-related major at China Agricultural University is currently a niche choice, but with a market penetration rate of only 20% in China, there is significant potential for growth in the pet industry [33][10]. - As the pet economy continues to expand, it is anticipated that more universities will focus on developing pet-related programs and talent cultivation [34].

Core Viewpoint - The increasing trend of pet-friendly travel reflects a growing societal demand for emotional connections with pets, transforming them into family members rather than mere animals [10]. Group 1: Industry Developments - Starting from April 8, 2023, the railway department initiated a pilot program for pet transportation services on certain high-speed trains, which was expanded on June 20, 2023 [6][8]. - The pet travel service market has surpassed 32 billion yuan in 2024, with an annual compound growth rate of approximately 10% [10]. - Various airlines, including Hainan Airlines and Capital Airlines, have introduced pet cabin services, catering to the needs of pet owners [8]. Group 2: Consumer Experience - Pet owners have reported positive experiences with the new pet transportation services, highlighting the convenience and clarity of the process [7]. - However, there are complaints regarding misleading "pet-friendly" designations in accommodations and restaurants, leading to unexpected restrictions and additional fees [11][12]. - The demand for pet-friendly accommodations has surged, with a reported 80% increase in bookings for pet-friendly listings during the May Day holiday [9]. Group 3: Regulatory and Social Challenges - The current lack of unified regulations and clear responsibilities among local authorities complicates the management of pet-friendly spaces [12][13]. - There is a need for improved legal frameworks to define the rights and responsibilities of pet owners and businesses, ensuring a balanced approach to pet-friendly services [13][14]. - The industry calls for a more transparent certification system for pet-friendly services, which would clarify conditions, service offerings, and associated costs [13].

Core Viewpoint - The recent approval of new drug formulations by Zhejiang Anglikang Pharmaceutical Co., Ltd. (hereinafter referred to as "Anglikang") highlights the company's strong drug development capabilities and strategic shift towards innovative drugs, which is expected to enhance its market position and revenue growth. Group 1: Recent Approvals and Product Pipeline - Anglikang received the drug registration certificate for Sitagliptin Metformin Extended-Release Tablets, classified as a Class 3 chemical drug, which is intended for adult patients with type 2 diabetes [1] - In addition to the Sitagliptin Metformin, Anglikang has also received approvals for Amlodipine Besylate Tablets (5mg, 10mg) and Methocarbamol Injection, expanding its product offerings in hypertension and acute muscle pain treatments [1] - The recent approvals indicate Anglikang's effective execution in drug development, clinical trials, and registration processes, showcasing its robust research capabilities [1] Group 2: Strategic Transformation and Innovation - Anglikang is transitioning from a focus on generic drugs to a strategy that emphasizes both generics and innovative drugs, achieving significant breakthroughs in the innovative drug sector [2] - The company has developed ALK-N001, a globally innovative small molecule conjugate drug for tumor microenvironment activation, which has received clinical trial approval, potentially offering new treatment options for advanced solid tumor patients [2] - Successful commercialization of innovative drugs could significantly enhance Anglikang's economic benefits and core competitiveness, positioning the company favorably in future market competition [2] Group 3: Exploration of New Markets - Anglikang is actively exploring the pet medicine sector, with multiple products expected to receive approval by the end of 2024 and several new veterinary drugs entering clinical trials [2] - The exploration of innovative and pet medicine sectors is anticipated to optimize Anglikang's existing product structure and attract more investment opportunities, supporting stable growth in both domestic and international markets [2]

Core Insights - The rapid growth of the pet economy is prompting food and beverage brands to explore new growth opportunities by entering the pet market [1][2] - Companies like Three Squirrels and Miaokelando are launching pet food brands, indicating a trend of diversification within the industry [1][2] Company Developments - Three Squirrels has established a pet food brand called "Hungry Meow," expanding its product range to include pet food and supplies [1] - The company plans to build over 30 factories to cover a full range of pet products, including staple food, snacks, and health products [1] - Miaokelando has initiated recruitment for positions related to its new pet cheese business, marking its entry into the pet market [1] Market Trends - The pet food market is projected to exceed 300 billion yuan by 2024, with pet food accounting for 52.8% of the market share [1] - Over 30 leading companies from various sectors, including food and beverage, pharmaceuticals, and retail, have entered the pet industry in recent years [1] Financial Performance - Three Squirrels reported a revenue low of 7.115 billion yuan in 2023, with a net profit margin of 3.84% in 2024, indicating challenges in its core business [2] - The brand's sub-brand "Golden Dad" is targeting young consumers with competitively priced products, achieving significant sales on e-commerce platforms [2] Industry Insights - The pet market is undergoing a deep adjustment phase, with innovation and product iteration being key for companies to stand out [2] - Food industry companies have a natural advantage in the pet economy due to their experience in functional and segmented product development [2]