A buyer browses pet products at the Yiwu pet and aquarium product market. [Photo/Yiwu Media Center]

The 4,500-square-meter pet and aquarium product market at the Yiwu Small Commodities Market has become a distribution center for the domestic and foreign trade of pet products.

According to statistics, the market for imported pet products continues to grow at an annual rate of 30 percent. The growing number of pet owners in China is more willing now than in the past to spend on their furry friends.

The Yiwu pet and aquarium product market is one of the largest pet supply wholesale markets in the country, selling pet-related items such as pet supplies, health products, food, and beauty equipment and providing diversified and complete products for pet lovers and professional merchants.

Wang Sheng (right), general manager of Zhejiang Fengpei Pet Products Co, introduces pet products to a buyer. [Photo/Yiwu Media Center]

Zhejiang Fengpei Pet Products Co has been developing in the Yiwu pet and aquarium product market for 14 years. Its annual sales now exceed 10 million yuan ($1.5 million) through both online and offline platforms.

Wang Sheng, the company's general manager, said the company has seen increasing demand in the domestic market in recent years and their producers for the domestic market are expected to increase by 20 percent this year.

Wang added that they will continue to look into foreign trade. The company has received about 2 million yuan in overseas orders via livestreams this year.

In order to attract more buyers, the company also spent a lot developing new pet products. According to Wang, the company has 30 to 60 new products on sale every month, such as pet brushes, collars, clothes, muzzles, and accessories. Their products are sold in Europe, South America, Australia and many other countries in Asia.