Josera, a German brand, started in 1941 and transitioned to pet food in 1988. Known for continuous innovation, it has gained global recognition. Josera entered the Chinese market in 2019 and launched its official Tmall store in 2021.
APA Pet Fair released the "Self-Discipline Convention for Chinese Pet Industry Enterprises During Epidemic Prevention and Control." It provides epidemic prevention guidance and operational suggestions for various types of pet industry enterprises in areas like material preparation, personnel management, cleaning and disinfection, and resumption of work and production. It also establishes a pet mutual assistance platform to help the industry overcome difficulties together. The convention aims to standardize practices and promote responsible operations within the pet industry during the pandemic.
The Asia Pet Show issued a proposal calling on colleagues in the national pet industry to take active action. Through self-discipline and self-inspection, scientific publicity, and industry mutual assistance, they can jointly cope with the challenges of the epidemic, improve the industry's safety level, ensure pet health and public safety, and promote the stable development of the industry. The initiative emphasizes the importance of responsible practices and collaboration to navigate the current situation and build a more resilient and trustworthy pet industry.
Tmall Supermarket released a "Brand User Asset and Liability Statement," emphasizing that users are a brand's core asset. The report suggests pet brands should focus on the post-95s generation. By innovating in product, marketing, and services, brands can construct a brand user asset and liability statement, achieving sustainable growth. This approach highlights the importance of understanding and nurturing the relationship between brands and their customers, particularly within the rapidly expanding pet market and the evolving preferences of younger demographics.
Guangrao Pet Food Group completed a 500 million RMB Series B financing. This analysis identifies key factors contributing to their successful funding: product innovation (dual-flavor food, C2M customization), supply chain advantages (global presence, strict quality control), brand marketing (entertainment-focused, youth-oriented), and technological barriers (patent reserves). Investors are optimistic about the pet food industry's prospects and Guangrao's leading position and growth potential, believing it is poised to lead the rise of domestic pet food brands. The company's strategic approach to innovation and market engagement positions them for continued success.
JD.com's report reveals that China's pet market will maintain double-digit growth in the next five years, with e-commerce reshaping the retail landscape. The report analyzes the potential of specific market segments such as pet food, supplies, and healthcare, as well as the characteristics of key consumer groups like women and those born in the 85/90s. The cat economy is booming, and premiumization, intelligentization, and diversification are emerging as new trends in pet consumption. Businesses should seize opportunities, adapt to trends, and tap into the trillion-yuan pet market.
PeiTi's Q3 report shows revenue growth but a significant decline in net profit. Key reasons include rising raw material prices, increased marketing investments, equity incentive expenses, and reduced government subsidies. Negative operating cash flow and increases in accounts receivable, prepayments, and inventory are also noteworthy. The company needs to reflect on its growth model and focus on improving profitability.
Based on pet industry white papers, this paper deeply analyzes the four key elements of successful domestic pet brands: product strength, user connection, brand differentiation, and international perspective. It emphasizes that in the context of consumption upgrades, domestic pet brands need to take product as the foundation, build a differentiated brand through in-depth user interaction, and actively expand overseas markets to achieve sustainable development and gain market advantages. Prioritizing product quality while engaging consumers and creating a distinct brand identity are crucial for success in the evolving pet market.
At the Pet New National Products Conference, Song Dandan, co-founder of LieChong.com, emphasized that the key to implementing pet new national products lies in the professional competence of first-tier talents. She highlighted that pet industry practitioners need to possess four key elements: confidence, professionalism, service orientation, and control, to effectively promote the popularization of the new national product concept. This will achieve a win-win situation including pet welfare, customer satisfaction, personal profit, best-selling national products, and national confidence.
Pet lifestyle brand Vetreska announced the completion of a $6 million Series A+ funding round. The investment will be used for new product development, channel expansion, and brand building. Vetreska has rapidly risen to prominence through its unique design philosophy and 'viral product' strategy. Its product design emphasizes emotional value, and its channel layout combines online and offline approaches. Investor SIG is optimistic about Vetreska's potential in the pet lifestyle sector.
