Chinese pet owners are spending increasing amounts on their animals, according to a report. The report by the National Consumer Council said that in 2015, China's average household spent an estimated $1,820 per year for pets. In addition to food, medical treatment and toys, customers are spending more on grooming services and training services, with younger people and white-collar workers now making up a rising percentage of pet owners in the country.
Chinese pet owners are spending increasing amounts on their animals, according to a report. The study, conducted by pet forum goumin.com, found that the country's cat and dog market will grow by 27% year on year in 2018 to CNY170bn ($24bn), with owners projected to spend more than $700 per pet, up 15% compared with 2017. In addition to food, medical treatment and toys, customers are spending more on grooming services and training services, with younger people and white-collar workers now making up a rising percentage of pet owners in the country.