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"Chinese consumers' awareness of the benefits of nutritional supplements has risen dramatically, creating a huge growth opportunity for global players, from both traditional and cross-border online platforms," said Zhang Yuxin, a professor at the School of Public Health, China Medical University, Shenyang, Liaoning province.

"Competition is the soul of market mechanism. Implementing competition policy in China's FTZs will promote institutional innovation, enhance their development and explore effective ways to strengthen the fundamental roles of competition policy," said Gan Lin, vice-minister of the State Administration for Market Regulation and commissioner and secretary-general of the Anti-Monopoly Commission of the State Council, China's Cabinet.

"Chinese shoppers have long used their phones to buy almost everything they need, and many retailers are struggling to stay afloat during the pandemic. There's clearly demand from both sides, and we just need to create a bit of catalyst. That's where Key Opinion Leaders, or KOLs, come in," Cao said.

"Currently, there are 12,000 pet hospitals in China and more than 10 percent are chains from established brands," he said. "Also, there are more students choosing small animal treatment as a career."

"China will continue to deepen reform and opening-up, and further relax market access," Li said.