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You are at:Home ยป VeChain Eyes $1.5B Chinese Pet Food Traceability Market
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VeChain Eyes $1.5B Chinese Pet Food Traceability Market

China's pet food industry was valued at US$1.082 billion in 2020, and it is projected to reach US$1.4749 billion in 2026.
AB News DeskBy AB News DeskAugust 13, 2021Updated:September 18, 2021No Comments1 Min Read
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VeChain Eyes $1.5B Chinese Pet Food Traceability Market
VeChain Founder & CEO Sunny Lu
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VeChain is eying to capture the growing Chinese Pet Food Traceability Market using its blockchain technology.

Against the overall market downturn from the global pandemic, China’s pet food industry bucked the trend with notable growth. It was valued at US$1.082 billion in 2020, and it is projected to reach US$1.4749 billion in 2026. Despite the surging expansion, the pet food market in China is not mature enough.

By leveraging the data visualization module of  VeChain ToolChainTM, business owners can easily access the benefits of blockchain and implement blockchain in a lead time as short as a few days or weeks.

The market-ready product is able to be integrated in established SCM and CRM systems, and can efficiently improve the efficiency, traceability, and transparency of supply chains while lowering costs and giving individual users greater control. It is a win-win solution for the entire industry for both manufacturers and consumers.

Blockchain Technology China Food Traceability VeChain
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AB News Desk is a trained group of web journalists and reporters who collect news from all over the blockchain market landscape. AB News Desk covers developments on Blockchain Industry including Distributed Ledger, Smart Contracts, Digital Assets, Cryptos, FinTech, Bitcoin, DApps, DeFi, and more. To connect, please write to Editor at info@alexablockchain.com.

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