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China’s pet economy being driven by elderly, singles dreaming of having cats and dogs

He, a teacher in his 30s, has three dogs and a cat.

“I like to spend my social time rescuing small animals. Taking all my pets on a trip to the grasslands is my dream,” he said.

In 2023, China’s population fell for the second year in a row, while the number of cats and dogs owned as pets increased by 1.1 and 6.8 per cent year on year, respectively, totalling over 120 million.

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100 huskies escape from pet cafe in China

100 huskies escape from pet cafe in China

According to the China Pet Industry Operation Status and Consumer Market Monitoring Report released by market consultancy iiMedia Research from 2023 to 2024, even though the growth rate halved from its peak of over 33.5 per cent in 2020, the scale of China’s pet economy is expected to reach 811.4 billion yuan (US$112 billion) by 2025, up from 592.8 billion yuan in 2023 and 295.3 billion in 2020.

And with changes in…

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