US Pet Food Exporters Have Opportunity to Increase Chinese Market Share, USDA Says
U.S. exporters of pet food may benefit due to a significant increase in demand in East Asia, the U.S. Department of Agriculture Foreign Agricultural Service reported Aug. 25. USDA specifically pointed to China, which has seen a “significant rise” in…
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household pets and removal of some trade barriers for imports of pet food as part of the phase one trade deal, “paving the way for a substantial increase in sales.” The USDA said exports of U.S. pet food to China from January through June increased 124% compared with the same period last year. The decreased trade restrictions “may present a unique opportunity to increase U.S. market share in the Chinese pet food market,” the USDA said.