China's pet care market expected to boom
August 30, 2012
As a result of the growing wealth among people in China, the pet care market is expected to be one of the many industries to reap the benefits. According to AsiaOne, the pet care industry is expected to be worth $1.2 billion this year.
Pets are now able to be put on nutrition plans while also getting regular check-ups. In addition, pets can also take part in various exercise classes available - even yoga, the media outlet reports. Not only are animals getting better care, but more people are owning a pet, which is up 35 percent since 2000.
"Increasing disposable incomes and the popularity of pets have greatly boosted the pet care services industry in China. More people are willing to spend money to support their loyal companions," Tian Haiyan, director of the Beijing Guanshang Animal Hospital in Xicheng district, told the news source. "More dogs in China are now truly living with their families as a member."