Goldman Sachs is urging traders to bet on the $ 30bn Chinese market and hopes that young locals will select the best cats and dogs for new births.
The U.S. Treasury Bank has set its sights on the Chinese veterinary market in a 104-page report predicting an increase of 19% or annual growth in animal feed from now until 2030 such as, among other things, 92m Chinese feed for cats and dogs of 92m shifts from leftovers to animal feed.
Suddenly, the report predicts changes in China’s livestock market over the next decade as companies grow to meet the needs of actively single people and the elderly. All of these groups, says Goldman, have more ties with more animals than the rest of the world.
Predictions of China’s continued infidelity continue to take place in defiance of the government’s long-suffering demand to change the country’s fertility rate. Some experts believe that this could lead to the world’s second-largest economy.
In the midst of the economic crisis, thousands of Chinese years have disrupted ancient traditions, cultures and families. An increasing number of young people are abandoning marriage and having children.
This continued despite Beijing’s efforts to force and encourage women to have more children in order to build the fastest rate in the world – about 1.3 births per mother.
Predictions by the government show that the number of people living alone in China will reach 92m next year, not only young people who choose to live alone or have difficulty finding a partner, but also the number of gradual divorce families. More than half of Chinese dogs and cats, according to Goldman Sachs, are single.
In addition to predicting China’s high inflation rate and the impact of major economic downturns in other countries, Goldman’s report introduces a number of factors to the traditional lexicon of commercial research.
On page 18, readers are encouraged to start seeing market prospects based on the amount of food and pets of “pets that have come in” – animals whose food contains pet food purchased.
The report says that despite the large number of livestock, Chinese veterinary services are still in its infancy. By 2020, 17.6% and 14.5% of Chinese households owned, respectively, a dog or cat. This compares with 40% and 35% in the US.
Based on a white paper published by Pet Fair Asia and Doumin.com, Goldman says Chinese companies were $ 30bn by 2020, compared to $ 104bn in the US despite the large size of Chinese dogs and cats. Owning pets and using each animal is where the opportunity is, the report states.
The annual cat – an annual cat in 1 major Chinese cities, wrote a strong team of Goldman researchers, surpassing the 2020 of other developed countries by 2030. By the same year, he added, 1 Annual dog use of international dogs across the UK and Japan, leaving only the US and greater commitment to canine food.
In order to satisfy the cravings of the growing Chinese food industry in China they have also been competing with foreign food producers. The independent group FountainVest Partners this month bought Ziwi in a deal that paid the New Zealand company about $ 1.1bn.