Shanghai's 1,046 Pet Supply Stores Skew Large as Pet Spending Hits RMB 312.6 Billion
Shanghai has 1,046 pet supply stores, with nearly 60 percent occupying 100 square metres or more and nearly 30 percent of extra-large outlets located inside shopping malls. The figures accompany a pet consumer market of RMB 312.6 billion a year, driven by 126 million cats and dogs nationwide.
Pet consumption in China reaches RMB 312.6 billion a year, with the number of cats, dogs and other pets standing at 126 million.
Shanghai is home to 1,046 pet supply stores.
Of these, nearly 60 percent have a floor area of 100 square metres or more. Extra-large stores opened inside shopping malls account for nearly 30 percent.
Why this event matters
The event has a measured impact on 2 industrys. The strongest current signal is positive for Pet Care, with intensity 70/100 and 80% confidence over a medium term horizon.
Pet Care
- Direction
- positive
- Intensity
- 70
- Confidence
- 80%
- Horizon
- Medium term
Physical Retail
- Direction
- positive
- Intensity
- 50
- Confidence
- 70%
- Horizon
- Short term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.