Key Takeaways
- In 2022, the Hong Kong pet care market was valued at approximately HKD 2.8 billion, reflecting a compound annual growth rate (CAGR) of 8.5% from 2018 to 2022
- The pet food segment dominated the Hong Kong pet industry in 2023, accounting for 45% of total market revenue estimated at HKD 3.2 billion
- Hong Kong's pet products market (excluding food) grew by 11% year-on-year in 2022 to reach HKD 1.1 billion, driven by grooming and accessories demand
- The number of licensed dogs in Hong Kong reached 268,000 as of end-2022, per AFCD records
- Approximately 560,000 pet dogs were estimated in Hong Kong households in 2023, including unlicensed ones
- Licensed cats in Hong Kong totaled 15,000 in 2022, but total cat population estimated at 200,000
- Average annual spending per pet-owning household in Hong Kong was HKD 15,000 in 2023
- 68% of Hong Kong pet owners spent over HKD 500 monthly on pet food in 2022 survey
- Premium pet food expenditure rose 20% to HKD 900 million in Hong Kong 2023
- Dry pet food sales volume reached 25,000 tonnes in Hong Kong 2022, valued at HKD 1.2 billion
- Wet pet food market share was 22% in Hong Kong 2023, with sales of HKD 450 million
- Pet treats and snacks segment grew to HKD 280 million in 2022, 15% YoY increase
- 75% of Hong Kong pet owners plan to increase spending by 10% in 2024, per survey
- Premium and human-grade pet food penetration expected to reach 40% by 2027 in Hong Kong
- E-commerce share of pet sales projected to hit 45% by 2025 in Hong Kong
Hong Kong's growing pet industry thrives on post-pandemic adoption and premium spending trends.
Market Size and Growth
Market Size and Growth Interpretation
Pet Ownership Statistics
Pet Ownership Statistics Interpretation
Product and Service Segments
Product and Service Segments Interpretation
Spending and Consumer Behavior
Spending and Consumer Behavior Interpretation
Trends and Future Outlook
Trends and Future Outlook Interpretation
Sources & References
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