EXPENSIVE FUR CHILD:
Forty-one % of the typical was spent on meals, with 16 % going to medical prices and 10 % to grooming, a TIER survey confirmed
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By Yang Yuan-ting and William Hetherington / Staff reporter, with workers author
A survey commissioned by the Ministry of Agriculture discovered that pet house owners in Taiwan spend a median of NT$28,081 (US$892.16) yearly on their pets.
The Taiwan Institute of Economic Research (TIER), which carried out the survey, predicted that the variety of pets in Taiwan would exceed the variety of dependent youngsters by 2027, and that the marketplace for pet-related services would proceed to develop yearly.
Of the prices associated to pet possession, the principle expenditure is meals, which accounts for 41 %. That is adopted by medical therapy and checkups, accounting for 16 %, and grooming, which accounts for 10 %, based on the outcomes of the survey, — which have been launched throughout a global pet discussion board on Friday final week in Taipei.
Photo: New Taipei City Animal Protection and Health Inspection Office
Ministry statistics from 2021 confirmed there have been 1.24 million pet dogs and 870,000 pet cats in Taiwan that yr.
According to the survey, 71 % of pet house owners have been ladies, and 52 % of pet house owners have been single or childless. Additionally, 40 % of pet house owners have had their pet for 10 years or extra.
The output worth of pet-related industries nationwide has already exceeded NT$50 billion, the ministry’s Department of Animal Industry head Chen Chung-hsing (陳中興) mentioned.
“With the pet market booming, many owners are also concerned about where their pet dogs and cats come from,” he mentioned. “Therefore, we’ve made comprehensive information about pet cat and dog registration records publicly available.”
Chen mentioned that with the rising variety of pets, one concern is what would occur to dogs and cats if their proprietor dies, including that the ministry is creating measures to deal with the difficulty.
As pet possession goes up, there could be an increase in rising industries reminiscent of pet insurance coverage and pet memorial companies, TIER researcher Liu Yi-chen (劉依蓁) mentioned, including that these rising industries would wish ministry steerage.
Of the NT$8 billion spent on pet meals final yr, NT$600 million was for well being meals, she mentioned.
Japan Pet Food Association president Hiromitsu Kodama, who attended the discussion board, mentioned that primarily based on developments in Japan — the place the birthrate can also be declining and the inhabitants is getting old, like in Taiwan — Taiwan is more likely to see canine possession decline.
However, regardless of that decline, the marketplace for pet snacks would nonetheless have potential room for progress, he mentioned.
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