Declining Birthrates, Rising Pet Ownership Propel Dog Food Sales Past Baby Formula

SEOUL, Jun. 3 (Korea Bizwire) – The confluence of declining birthrates and rising pet ownership in South Korea has led to sales of dog food outpacing those of infant formula and baby food, reflecting a broader shift toward premium childcare products. According to the e-commerce platform Gmarket, comparing the proportion of dog food, infant formula [...]