Pet Fair Beijing 2025

Event Dates
2025-02-27 - 2025-03-02
Exhibitors
525
Floor Size
0
Attendees
100000
Event contact title
International Sales & Project Manager
Event contact first name
Madison
Event contact last name
Martin
Email
MadisonM@imexmanagement.com
Event contact telephone number
+1-704-248-4805
Description

Pet Fair Beijing supports the development of pet industry manufacturers, brands and distributors in north China. China represents an expansive market and excellent opportunity!

Launch into the North China Pet Food market

  • Since the Phase One Economic and Trade Agreement removed significant barriers to U.S. pet food exports to China in 2020, the U.S. has become the largest pet food exporter to the country. U.S. pet food exports to China were valued at over $304 million in the first eleven months of 2022, nearly a 200 percent increase accounting for almost 50 percent of total imports in China.
  • The number of pet households in China is expected to exceed 100 million in 2022, with a penetration rate of 20 percent, which is giving a big boost to the market for pet-related products, especially premium-quality pet foods
  • The pandemic caused an increase in expenditures for pets. The annual consumption per pet in Chinese households was $286, accounting for 6.73 percent of total household expenditures, compared with 1.71 percent of U.S. household expenses.
  • Increased disposable income allowing more room in household budgets to buy pets, pet food and other pet-related products.
Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.    Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.    Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.   The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.    MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.     MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.