The term “Pet Economy” refers to the economic activities, markets, and industries surrounding the care, products, and services related to pet ownership. This includes everything from pet food and supplies to veterinary services, grooming, boarding, and training. The Pet Economy encompasses various sectors that contribute to the overall financial impact of pet ownership on the economy, including retail, healthcare, and technology. It highlights the growing trend of pet humanization, where pets are increasingly viewed as family members, leading to higher spending on premium products and services. Additionally, the Pet Economy reflects consumer behavior and trends in pet care and ownership, emphasizing the significant role pets play in the lives of individuals and families, as well as their contribution to economic growth and job creation within related industries.
Nekonomics, driven by the global fascination with cats, is becoming a significant economic trend. February 22, celebrated in Japan as "Cat Day," highlights the growing market for feline-themed products and…