VeChain Is Targeting The Multi-billion Dollar Chinese Pet Food Traceability Market Using Industry Leading Blockchain Technology – Samachar Live


Source: samacharlive.com samacharlive.com

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SHANGHAI , Aug. 13, 2021 /PRNewswire/ — Against the overall market downturn from the global pandemic, China’s pet food industry bucked the trend with notable growth. It was valued at USD 1.082 billion in 2020 , and it is projected to reach USD 1.4749 billion in 2026. Despite the surging expansion, the pet food market in China is not mature enough. Without unified industry standards, in particular food quality standards, low-quality and counterfeiting pet foods are still prevalent in the market. The choices of pet foods in the Chinese market have become a tug-of-war between pet owners, brands, press news...