Hotels for dogs and shampoos for cats: Pet products, services set to boom
By Ren Xiaojin | China Daily | Updated: 2017-07-24 07:43
China's pet market will grow annually at an average 20.5 percent to exceed 200 billion yuan ($29.5 billion) in sales by the end of 2020, according to an industry report from Guangzhou Yourpet Network Technology Inc.
The growing number of pet owners in China are more willing now than in the past to spend on their furry friends, spawning an industry chain covering products and services. The focus is no longer on just animal breeds and veterinary services.
Branded food, imported medicine, and a plethora of lifestyle-related products like pet cages, shampoos, showers, beauty items and garments are prominent pet products.
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