Costs of raising pets and changing pet market consumer trends

Costs of raising pets and changing pet market consumer trends

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the pet market is growing amid an
increasing number of people raising pets and our home.you tells us how much money
you might need to take care of a pet these days as well as the change in
spending trends of pet owners more than 10 million people living in South Korea
have a pet that’s one pet for every four households according to a pet report by
KB Financial Group raising a dog costs an average of eighty five US dollars a
month and raising a cat requires an average of sixty four dollars a month
most of that money goes in food and treats the rest of the money is used for
medical care and grooming but people are happy to treat their pets because these
days pet owners think of their pets as a member of their family in Korea these
people are called pet BAM the pet food market alone has sent an average of 19%
annual growth on the back of this trend and because people think of their pets
as part of their family they want to take their pets along with
them on trips so tour companies have started creating pet tours because there
are people who want this kind of tour we saw a potential of such product in the
market and so we came up with our Jeju pet tour pets can accompany their family
all the time during the tour to Jeju Island including at the restaurant tour
spots and the hotel because this tour is pet centered there are even home spa
products for pets such as skin moisturizers scaling products and
grooming mists labeled as premium products because they’re organic Edgar
friendly and pet friendly they can cost up to $40 before people used to think
about pets as a living thing that you can buy just like a toy but because
people think of their pets as a part of the family the pet market has become
similar to the baby market so now owners are turning to premium products for
their pets and there are also luxury pet shops which sell premium products that
can cost up to a thousand dollars that is the cost of a pet bed made out of oak
and the style of the bed of King Louie the 16th and at least luxury department
store the most popular dog food costs more
than $50 for just one and a half kilograms is changing consumer trends in
the pet market show how owners are willing to spend a lot on the best
quality products for their pets now that their sin is part of the family who knew
Arirang news

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