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Japan’s Pet Care Industry Thrives Amid Declining Birth Rates

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Japan’s pet care industry is experiencing significant growth as the number of pets surpasses the number of children. With pets now outnumbering children under 15 by over two million, companies that traditionally focused on baby products are pivoting to cater to pet owners. This shift is driven by changing societal norms, including late marriages and childless households, leading to a trend known as ‘pet humanisation.’

Brands like Lucky Industries and Unicharm are capitalising on this trend, creating products that treat pets as family members. For instance, Lucky Industries has adapted its baby carrier expertise to develop dog carriers, while Unicharm has successfully expanded into pet diapers. The pet care market in Japan is projected to reach 880 billion yen by 2025, highlighting its profitability compared to traditional baby goods.

The emotional connection between owners and their pets is becoming increasingly important, with many seeking premium products to enhance their pets’ lives. This trend reflects broader societal changes, where pets are not just companions but also play significant roles in people’s lives, sometimes even replacing children or partners.

As the birth rate continues to decline, the pet care sector is seen as a reliable growth area for businesses. This transformation in consumer behaviour underscores the evolving dynamics of family structures in Japan, where pets are now integral to many households.

Source: Al Jazeera

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News Category: Money Tags: families, growth, industry, japan, pets

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