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国庆假期,它去哪儿?
3 6 Ke· 2025-09-30 10:13
国庆长假来临,宛倩不由地担心起来,"我回老家,毛孩子怎么办?"但对在城市工作的宛倩来说,送去寄养,担心猫咪会应激生病,但长途跋涉带回家也 不现实。 在社交媒体上做了好几天攻略,宛倩决定花钱雇人上门喂食铲屎,正在比较猫巷、爱沃派等平台的服务项目。"其实,抖音、小红书上也有不少大学生, 或者国庆不回家的打工人,接上门喂养的订单,但我觉得还是找个机构更靠谱一些。"宛倩说。 宛倩认识的养宠朋友,有的选择寄养在本地朋友家,让朋友尽情撸猫撸狗;有的和她一样,订购了上门喂养服务,虽然价格比传统寄养更贵,但好在安 心;还有的国庆没有回乡计划,打算带着猫猫狗狗一起去旅行。 比如,在上海陆家嘴,一家平价宠物店有寄养"标间(笼养)"服务,适合于中小型犬的中号笼80元/天,适合于中大型犬的大号笼130元/天;在武汉后湖, 猫咪寄养的豪华房套餐,提供更大的活动空间、24小时恒温、每日房间消毒清洁等服务,价格会更贵一些,需要250元/天左右。 这些寄养服务通常由宠物店工作人员提供,包括定期喂食、清洁、健康检查及基础医疗处理(如驱虫、打针),能确保宠物得到基础医疗护理。部分机构 还配备监控设备及专业围栏,保障宠物安全。 但近几年来,越来越 ...
“它经济”持续升温,商业体发力新“支点”
Sou Hu Cai Jing· 2025-09-26 10:11
近年来,"专有专用"的宠物服务和"情感驱动"的消费模式成为商业增长新亮点。敏锐捕捉到这一趋势,苏州姑苏区发布了《促进宠物经济高质量发展一年 行动计划》,以文商体旅融合为依托,通过政策引导与市场驱动,推动宠物经济从单一消费场景向全链条产业延伸。 特色融合,打造别样消费体验 "带狗狗参加运动会,不仅宠物玩得尽兴,孩子也跟着开心,而且这里的领养活动特别有意义,现在我们全家每周都想来。"刚带毛孩子参加完阳光荟宠 物"运动会"的李女士激动地说道。 这份"盼着来"的吸引力,正来自阳光荟构建的"它经济"生态系统:基础层以宠物休息区、垃圾桶、游乐区等基础设施为支撑,满足人宠互动的空间功能; 中间层通过萌宠售卖、签约萌宠服务店铺,促进商户转化,引入优质商业资源;高阶层则聚焦宠物社交互动、"领养代替购买" 等主题活动,创造情感价 值与文化认同。这三个层次的协同联动,不仅契合周边高浓度养宠人群的多元需求,增强了用户粘性,还吸引了宠物零售、服务、医疗等业态聚集,成功 吸引宠物业态店铺"萌宠天下"落地签约。 服务升级,商圈里的宠物专属关怀 走进仁恒仓街,仿佛踏入了专为 "毛孩子" 打造的温馨家园。这里设立的毛孩子驻仓办,集结了一系列为 ...
宠物经济黄金时代,强者更强
2025-09-07 16:19
Summary of Conference Call on Pet Economy Industry Overview - The pet economy in China has reached nearly 1 trillion RMB, indicating a large market size but low market concentration, with leading companies like Guobao Pet generating only over 5 billion RMB in revenue, significantly lower than international giants like Mars and Nestlé, suggesting substantial growth potential in the Chinese market [1][2] - The global pet market is valued at approximately 200 billion USD, with pet food accounting for 130 billion USD, highlighting the lucrative nature of the industry [2] Key Trends and Characteristics - The pet economy exhibits long-term growth characteristics, with the compound annual growth rate (CAGR) in the US and Japan exceeding GDP growth over the past 20 years, indicating resilience during economic fluctuations [1][2] - The Chinese pet market is characterized by three major trends: - **Cat Economy**: The number of cats has surpassed dogs since 2021, with cats showing a higher demand for premium food due to their sensitive digestive systems [4] - **Online Sales**: Online sales account for 68% of pet food sales, benefiting from the rise of interest e-commerce platforms like Douyin [4] - **Premiumization**: The trend towards high-end products is evident, with leading companies like Guobao achieving a net profit margin of 12% and a return on equity (ROE) expected to rise further [4][5] Market Dynamics - The pet food market has seen a slowdown in growth, with a CAGR of 25% from 2016 to 2021, dropping to around 6% in recent years, but is projected to stabilize at 10% over the next five years [7] - The pet medical market is still in a high-growth phase, with a market size nearing 100 billion RMB, but profitability is still developing [7][15] - The penetration rate of professional pet food in China is about 30%, significantly lower than the 80%-90% seen in mature overseas markets, indicating a major growth driver as consumers shift from leftovers to specialized pet food [8][9] Competitive Landscape - The competitive landscape in China is less concentrated compared to the US, where the top five companies hold 65% of the market share, while in China, it is only 25% [5][10] - Domestic brands are rising due to improvements in product quality, channel strategies, and brand strength, with companies like Guobao leveraging e-commerce and brand upgrades to capture market share [11][14] Investment Opportunities - The current phase of the pet economy in China is described as a "golden era," characterized by resilient growth and market optimization, presenting significant investment opportunities for leading companies [5][16] - Investors are encouraged to focus on leading and emerging companies within the sector, taking advantage of cyclical opportunities in this thriving market [16] Additional Insights - The rise of domestic brands is attributed to their ability to cater to local needs and preferences, with successful examples in both the pet food and medical sectors [14][15] - The pet medical sector is evolving, with increasing demand for comprehensive care as pets age, necessitating improvements in veterinary training and supply chain management [15]
“小众”赛道抢眼!公募基金:看好两大板块
天天基金网· 2025-09-02 06:00
Core Viewpoint - The "Pet Economy Index" has reached a historical high, with a year-to-date increase of over 44%, indicating strong performance in the pet industry, supported by solid fundamentals and increased institutional investment [2][4]. Group 1: Market Performance - The "Pet Economy Index" has seen a significant rise, with individual stocks like Zhejiang Zhengte increasing by over 90%, and others such as Yuanfei Pet, Zhongchong Co., and Shitou Co. rising over 60% [4]. - Key companies in the pet food sector, such as Guibao Pet, Zhongchong Co., and Lusi Co., reported strong revenue growth in the first half of 2025, with revenues of 3.221 billion, 2.432 billion, and 391 million respectively, reflecting year-on-year growth rates of 32.72%, 24.32%, and 11.32% [4]. Group 2: Institutional Investment - As of the end of June, public funds held 18.25% of Guibao Pet, making it a top holding for several funds, while Zhongchong Co.'s public fund ownership increased from 8.06% at the end of last year to 15.74% [5]. - Yuanfei Pet's public fund ownership surged from 1.69% to 15.27% within the same period, indicating growing institutional interest [5]. Group 3: Industry Growth Potential - The domestic pet market is recognized for its growth potential, characterized by low industry concentration and a fragmented market structure, with leading brands increasing their market share [6]. - The pet economy is projected to grow at a compound annual growth rate (CAGR) of 13.3% from 2015 to 2024, significantly outpacing GDP growth [9]. Group 4: Focus Areas - The pet food and pet medical sectors are identified as the two core pillars of the pet economy, with the pet food market expected to reach 158.51 billion by 2024, accounting for 52.8% of the overall pet economy [9]. - The pet medical market is projected to reach 84.06 billion, representing 28% of the pet economy, with a CAGR of 16.39% from 2018 to 2024 [9][10].
这一赛道突然火了!公募基金:看好两大板块
Sou Hu Cai Jing· 2025-09-02 04:43
Core Insights - The "Pet Economy Index" reached a historical high on September 1, with a year-to-date increase of over 44%, indicating strong performance among popular sectors [1][3] - Several companies, including Jinhe Biological, Delisi, and Yongli Co., are actively seeking to enter the pet economy sector, which is viewed as a high-potential market [1][5] Market Performance - The "Pet Economy Index" has shown significant growth, with stocks like Zhejiang Zhengte rising over 90%, and others like Yuanfei Pet, Zhongchong Co., and Shitou Co. increasing by over 60% [3] - Financial reports from pet food companies indicate solid fundamentals, with revenues for Guibao Pet, Zhongchong Co., and Lusi Co. reaching 3.221 billion, 2.432 billion, and 391 million respectively, showing year-on-year growth rates of 32.72%, 24.32%, and 11.32% [3] Fund Holdings - As of the end of June, public funds held 18.25% of Guibao Pet, making it a top holding for several funds, while Zhongchong Co.'s public fund ownership increased from 8.06% to 15.74% [4] - Yuanfei Pet's public fund ownership surged from 1.69% to 15.27% during the same period, indicating growing interest from institutional investors [4] Industry Trends - The domestic pet market is characterized by growth potential and low industry concentration, with leading brands increasing their market share [6] - Companies are focusing on product innovation and quality supply chains to meet the evolving demands of pet owners [6] Company Initiatives - Jinhe Biological announced the establishment of a wholly-owned subsidiary for pet technology, launching an intelligent pet care app that utilizes a multimodal emotional analysis model [7] - Delisi has entered into strategic partnerships for product development and market expansion in the pet food sector [7] - Yongli Co. is actively developing smart pet appliances, while Hasi Lian has expanded its business scope to include pet food sales [8]
“宠物指数”创新高 公募基金:看好两大板块
Xin Lang Cai Jing· 2025-09-02 01:35
Core Viewpoint - The "Pet Economy Index" reached a historical high on September 1, benefiting from overall market conditions and fundamental support, with a year-to-date increase of over 44% [1] Group 1: Market Performance - The "Pet Economy Index" has shown significant growth, outperforming many popular sectors [1] - Several stocks in this sector received substantial increases in holdings from public funds during the second quarter [1] Group 2: Industry Outlook - The pet economy is recognized as a rare and resilient growth sector, with strong demand [1] - Within this emerging market, pet food and pet healthcare are highlighted as particularly promising areas for investment [1]
“小众”赛道抢眼!公募基金:看好两大板块
券商中国· 2025-09-02 01:18
Core Viewpoint - The "Pet Economy Index" has reached a historical high, with a year-to-date increase of over 44%, indicating strong market performance and interest from public funds in the sector [1][3]. Group 1: Market Performance - The "Pet Economy Index" has seen a significant rise, with individual stocks like Zhejiang Zhengte increasing by over 90%, and others such as Yuanfei Pet, Zhongchong Co., and Shitou Co. rising over 60% [3]. - Key companies in the pet food sector, such as Guibao Pet, Zhongchong Co., and Lusi Co., reported strong revenue growth in the first half of 2025, with revenues of 3.221 billion, 2.432 billion, and 391 million respectively, showing year-on-year increases of 32.72%, 24.32%, and 11.32% [3]. Group 2: Fund Holdings - As of the end of June, public funds held 18.25% of Guibao Pet, making it a top holding for several funds, while Zhongchong Co.'s public fund ownership increased from 8.06% at the end of last year to 15.74% [4]. - Yuanfei Pet's public fund ownership surged from 1.69% to 15.27% within the same period, indicating growing institutional interest [4]. Group 3: Industry Growth Potential - The domestic pet market is recognized for its growth potential, with a low industry concentration and a fragmented market structure, allowing leading brands to increase their market share [5]. - The pet economy is characterized by strong demand resilience, particularly in the pet food and pet medical sectors, which are highlighted as key areas for investment [2][8]. Group 4: New Developments - Companies like Jinhai Biological and Delisi are actively entering the pet sector, with Jinhai establishing a new subsidiary focused on pet technology and Delisi forming strategic partnerships for product development [6][7]. - The pet food market is projected to reach 1.585 trillion by 2024, accounting for 52.8% of the overall pet economy, while the pet medical market is expected to reach 840.6 billion, representing 28% [8].
宠物市场越来越大 入局淘金者越来越多
Core Viewpoint - The Chinese pet industry is entering a new development stage, with pets transitioning from "functional companions" to "family members" [1] Industry Trends - The scale of pet ownership is increasing, leading to the growth of related sectors such as pet food, pet supplies, pet healthcare, and pet services, which are evolving towards specialization and refinement [1] - There is a rapid rise in the demand for "specialized and dedicated" products for pets [1] Market Dynamics - The booming pet economy is attracting more industrial capital into the market [1] - During the Asia Pet Expo, an increasing number of e-commerce platforms, including leading shelf e-commerce, interest e-commerce, and lifestyle platforms, have set up booths, indicating the growing appeal of the pet economy in recent years [1] - A participant who has attended the expo for five consecutive years noted that the number of e-commerce platforms and the size of their booths have both increased significantly [1]
吃得越来越精细、用得越来越舒适 “宠”出来的市场何止千亿级?
Group 1: Market Growth and Trends - The pet economy is experiencing significant growth driven by social changes such as urbanization, smaller family structures, and an increase in single and elderly populations, leading to pets being viewed as family members rather than just companions [1] - The pet industry in China is entering a new development stage, with a shift from "functional companions" to "family members," resulting in a rise in demand for specialized pet products and services [1] - According to the "2025 China Pet Industry White Paper," the number of pet dogs in China is projected to reach 52.58 million in 2024, a 1.6% increase from 2023, while the number of pet cats is expected to reach 71.53 million, a 2.5% increase [3] Group 2: Consumer Spending and Behavior - Pet owners are increasingly willing to spend on high-quality food, comfortable bedding, fashionable clothing, and even birthday parties for their pets, reflecting a trend towards "humanization" of pet consumption [1] - Average monthly spending on pets can vary significantly; for example, one pet owner spends around 2,000 yuan per month on food, grooming, insurance, and medical care for their dog [3] - The pet market in urban areas is expected to exceed 300 billion yuan in 2024 and is projected to surpass 400 billion yuan by 2027, indicating a robust growth trajectory [4] Group 3: Product and Service Diversification - The demand for pet food is a major component of pet owners' expenses, with a focus on safety, nutrition, and specific health needs driving purchasing decisions [5] - Companies are increasingly investing in brand image and product differentiation, with some brands collaborating with popular IPs to attract consumers [6] - The rise of young consumers is leading to a demand for diverse, intelligent, and one-stop pet services, with over 30,000 businesses offering pet services on platforms like Meituan, reflecting a 24% year-on-year growth [7] Group 4: Industry Competition and Innovation - The pet economy is attracting more capital and new entrants, with companies like Daqian Ecology and Three Squirrels entering the market to provide comprehensive pet services and products [9] - The number of pet-related merchants on Tencent's platform has increased 2.5 times since early 2024, indicating a growing interest in the pet sector [10] - Despite increasing competition, the future of the pet industry remains promising, with specialized needs for different pet types and age groups presenting numerous opportunities for brands [11]
1.2亿只猫狗,养得出多家上市公司,却养不出一家国民品牌
创业邦· 2025-08-18 03:32
Core Viewpoint - The pet economy in China is rapidly evolving, transforming pets from mere companions to family members, leading to significant market growth and investment opportunities in various sectors [5][6][8]. Industry Overview - The pet economy in China has seen a shift from strict regulations in the 1980s to a more supportive environment post-2000, allowing for increased pet ownership and market growth [8][10]. - The number of pets in urban areas is projected to exceed 120 million by the end of 2024, with the pet consumption market expected to reach 300.2 billion yuan, reflecting a year-on-year growth of 7.5% [13][14]. Company Insights - Youpai Technology, which started as an OEM for pet products, has shifted focus to its own brands, with pet diapers and related products accounting for nearly 74% of its revenue by August 2024 [5][10][14]. - The company has seen its overseas revenue increase from 46.69% to 62.51% over three years, indicating a strong reliance on international markets for growth [14]. - Domestic brands like Guobao Pet have begun to capture market share from established foreign brands, with Guobao achieving a revenue of 5.245 billion yuan in 2024, a 21.2% increase year-on-year [16][17]. Market Dynamics - The pet food market is projected to reach 158.5 billion yuan in 2024, making up 52.8% of the overall pet economy, with a notable shift towards domestic brands offering competitive pricing [16][20]. - The pet medical sector is also gaining traction, with companies like Pulaike reporting high profit margins on pet pharmaceuticals, indicating a lucrative opportunity in this segment [20][21]. Competitive Landscape - Despite the growth potential, the Chinese pet market lacks a dominant "national brand," with local companies still in the early stages of brand establishment compared to global giants like Mars and Nestlé [22][23]. - The market is characterized by a mix of established players and new entrants from various industries, including pharmaceuticals and electronics, indicating a trend of cross-industry investment in the pet sector [24]. Future Trends - The rise of smart pet products and innovative solutions is reshaping consumer expectations, with companies leveraging technology to create new market demands [24].