The pet industry is booming in China, surpassing its historic tea industry. The market for pet products as food, toys, […]
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The pet industry is booming in China, surpassing its historic tea industry.
The market for pet products as food, toys, clothes and more was valued at 25 billion USD in 2018, up by more than 25% from the previous year — Goumin, a pet services company, estimates that China now has 73.5 million cat- or dog-owners.
And these pet owners like to splurge on their beloveds — sending them to dog salons for grooming, or to fancy pet hotels and daycares to enjoy spas and pedicures.
The surge in recent years has to do with a growing middle class, urbanization, and demographic changes such as people having marriages and children later than before.
It marks a sharp departure from the Maoist era, where pets were once banned due to its class connotations of bourgeois taste.