The Rise of “Nekonomics”: How Cats Are Purring Their Way Into the Market
The rise of "Nekonomics" economic trend is forecasted to reach 2.9 trillion yen by 2025, a 50% increase from 2022, driven by the popularity of cats in Japan. FamilyMart is…
Pet Industry Trends refer to the evolving patterns, shifts, and developments within the market that caters to pets and their owners. This encompasses a variety of factors, including consumer behavior, technological advancements, product innovations, service offerings, and changes in demographics related to pet ownership. Key trends in the pet industry may include the rise of premium pet foods, the increasing demand for pet health and wellness products, the growth of online pet retail, and the integration of technology in pet care, such as pet wearables and apps. Additionally, trends may reflect societal attitudes towards pets, such as viewing them as family members, which influences spending habits and the types of products and services marketed. The understanding of these trends is crucial for businesses and stakeholders in the pet industry to adapt, innovate, and meet the needs of pet owners effectively.
The rise of "Nekonomics" economic trend is forecasted to reach 2.9 trillion yen by 2025, a 50% increase from 2022, driven by the popularity of cats in Japan. FamilyMart is…