Reuters reported that. Singapore's Temasek Investment Company and Private Equity Hosen Capital recently reached an agreement to acquire Australian animal feed mill Real Pet Food Co valued at US $ 1 billion recently to feed the brand into the Chinese market.
Prices of Chinese feed manufacturers, such as Shanghai Bridge Petcare and Yantai China Pet Foods, have risen 60% in the past month.
Euromonitor Research estimates that by 2022, Chinese will spend about $ 7 billion in the pet industry. Or about 20% per year, which is fast growing. Compared to the US pet market. Growing by 2% per year
This is because of the rise of the middle class. Immigration to the city And other demographic changes, such as the aging population. This is a major cause of Chinese livestock. And be ready to spend more on pets.
cr. https://money.sanook.com/535257/
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