Chinese spent $25b on pet dogs, cats
The consumer market for dogs and cats in China hit 170.8 billion yuan ($25 billion) in 2018, an increase of 27 percent from 2017, according to an industry white paper.
Among the 73.55 million urban pet owners in China, the majority prefer
dogs at 33.9 million, followed by 22.58 million cat owners, read the
2018 China Pet Industry White Paper, a report published by pet ownership
The majority of pet market consumers were born in the 1980s and 1990s, spending an average 5,016 yuan per pet, a year-on-year increase of 15 percent, read the white paper.
Consumption of pet products far outshined pet-related services. Dog owners saw 72 percent of their yearly pet care expenses go toward food and other products, while cat owners forked out 82 percent.
Among service expenses, trips to the vet ranked first among dog and cat owners.
However, their dissatisfaction with animal hospitals and veterinary services reached as high as 47.1 percent, which the report attributes to high fees and lack of price supervision.