China's pet pampering fuels an industry boom | TheStarTV.com

China's pet pampering fuels an industry boom

Published on 27 Dec 2017 6:54:33 PM

Massive changes in China have helped turn the country into not only a pet-owning society, but one that is prepared to lavish money on them. Chinese shoppers are set to spend 46.3 billion yuan on their pets by 2022, up from 17.5 billion yuan this year as the market grows at around an annual 20 percent, according to estimates from Euromonitor.

Keywords
pets, pampering, spending, china

Massive changes in China have helped turn the country into not only a pet-owning society, but one that is prepared to lavish money on them. Chinese shoppers are set to spend 46.3 billion yuan on their pets by 2022, up from 17.5 billion yuan this year as the market grows at around an annual 20 percent, according to estimates from Euromonitor.

Keywords:
pets, pampering, spending, china

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