China’s Pet Economy: A Surge in Emotional Consumption
China’s urban pet population hit 124 million in 2024, sparking a major economic trend driven by young adults’ emotional spending on their animal companions.
emotional consumption
China’s Pet Economy Booms as Youth Seek Emotional Outlets
China’s pet economy is flourishing, driven by young urbanites seeking emotional companionship. Over 124 million pets are fueling a multi-billion dollar industry centered on ’emotional consumption.’
China’s Pet Economy: A 124 Million-Urban Pet Boom Driven by Emotion
China’s urban pet population hit 124 million in 2024, fueling a booming ‘pet economy’ driven by young people’s emotional spending and changing lifestyles.
‘Crying Pony’ Toy Sparks Emotional Consumption Trend in Asia
A misstitched stuffed toy horse became a viral sensation in Asia, highlighting the growing influence of emotional consumption among younger consumers.