China's Pet Population Expected to Exceed Young Children by 2030: Insights from Goldman Sachs
Thursday, 8 August 2024, 00:47
Goldman Sachs Prediction on Chinese Demographics
In a striking forecast, Goldman Sachs reports that by 2030, the urban pet population in China is poised to surpass the population of young children. This trend marks a significant change in demographics.
Impact of Changing Demographics
- The pet population is expected to exceed 70 million.
- The number of children under four is projected to fall below 40 million.
This shift highlights evolving societal attitudes towards pet ownership and presents potential implications for related industries.
Conclusion
Such demographic changes suggest a need for businesses to adapt their strategies to capitalize on the growing pet market.
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.