8min chapter

Asia Centric by Bloomberg Intelligence cover image

Pet Economy Set to Surpass $500 Billion by 2030

Asia Centric by Bloomberg Intelligence

CHAPTER

The Growing Pet Economy

This chapter explores the surge in consumer spending on pet care, fueled by cultural shifts and rising incomes, as pets are increasingly viewed as family members. It discusses emerging trends in pet wellness and luxury accessories, alongside the implications of demographic changes in China and the U.S., while assessing potential risks in the market.

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