Hongkongers Stand Out as Top Pet Care Spenders in Asia-Pacific

Wednesday, 13 March 2024, 08:31

Hong Kong pet owners are setting new standards in the Asia-Pacific region by spending an average of US$90,000 on pet care, according to insurer OneDegree. The pet industry in Hong Kong has witnessed significant growth, with owners dedicating close to HK$700,000 on care items and services, positioning them as leading spenders in the region.
https://store.livarava.com/4d2e426a-e147-11ee-9664-5254a2021b2b.jpe
Hongkongers Stand Out as Top Pet Care Spenders in Asia-Pacific

Hong Kong Pet Owners: Top Spenders in Asia-Pacific

Insights into Pet Care Spending

Hong Kong's pet industry has experienced consistent growth, with pet owners investing approximately HK$700,000 (US$89,467) on average for their pets' well-being. This makes them standout spenders in the Asia-Pacific region.

Key Highlights:

  • Significant Spending: Hong Kong pet owners allocate US$90,000 towards pet care, surpassing regional averages.
  • Growth Trend: The pet care market in Hong Kong is on the rise, reflecting an increased focus on pet well-being.
  • Market Position: Hongkongers emerge as one of the top spenders in the pet care category within Asia-Pacific.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe