[Market Trends] 2019 Pet Industry Review in Korea
Updated: Aug 19, 2019
Why does the pet industry grow so fast in Korea?
1. Pet is like a son and daughter. There are funeral service, celebration picture, food, vitamin, organic pet food, and etc key drivers to grow the industry.
2. Japan grow Cat more than Dog recently. Easier to care than the dog due to quite and cleaner. 1 person household and woman prefer to have one. Korea will follow soon.
3. More local companies will offer pet food while foreign companies sell higher price and premium products.
4. Pet market segment into diverse pets.
5. Those like to having pets are younger and 1 person household. They get used to shopping online. They will search and buy online.