Popularization of pets

- Jan 09, 2019-

Pets have gradually gained popularity because they have the characteristics of relieving human pressure and not appealing to human beings. People gradually began to buy daily necessities, food, and clothing for pets, and began to provide beauty, medical care, domestication, and end-of-life services for pets, and designed personalized products for pets.

According to the research report of the Prospective Industry Research Institute, the global pet market in 2015 was approximately US$105 billion. In the past six years, the global pet market has maintained a year-on-year growth rate of around 5%. Among them, the United States is the world's largest and most mature pet consumer market, with a total expenditure of $60.28 billion in the pet industry. Other pet industry markets such as Europe and Japan have reached a certain level.