pet care market Archives | Be Korea-savvy

Silver Consumers, Furry Friends: Aging Koreans Fuel Pet Care Boom

SEOUL, June 2 (Korea Bizwire) — Spending on pet care services and products in South Korea has surged by 30% over the past three years, with the fastest growth driven by consumers aged 60 and older, according to a new report released by KB Kookmin Card. The analysis, based on 24.85 million card transactions by 3.54 [...]

S. Korea’s Pet Care Market Estimated at US$1.57 bln in 2019

SEOUL, Apr. 26 (Korea Bizwire) — South Korea’s pet care market is estimated at US$1.57 billion this year, industry data showed Friday, with cat food being one of the major contributors. The estimate marks a 5.4 percent on-year rise from last year’s estimated $1.49 billion, and a twofold jump from 2011, industry tracker Euromonitor International [...]