Chinese pet owners are spending increasing money 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 20 % year on year in 2018 to CNY170bn ( $ 700 ) , with customers expected to spend more than $ 700 per pet , up 15 % compared with 2017 . In addition to food , medical treatment and pets , customers are spending more on grooming services and pet 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.