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Showing posts with the label Rising disposable incomes

Pets emerging as a growth industry in Asia

Asia’s burgeoning pet care industry is making its mark, with pet expenditure set to reach USD21 billion by 2022. Spire’s viewpoint on industry growth was cited in the South China Morning Post’s news portal. Pet owners increasingly treat their pets like family members. This has led to burgeoning spending on pet care. Companies are commercializing a variety of services and products to cater to the growing Asian fascination with pets. Rising disposable incomes in Asia have also affected the pet industry, with the emergence of luxurious spa, gourmet food and designer clothes options for Asian pets. Read here more: https://www.spireresearch.com/newsroom/media/pets-emerging-as-a-growth-industry-in-asia/