Pet industry in South Korea - statistics & facts

Pet ownership in the country

Pet ownership in South Korea is on the rise, with increasing percentages of households in the country owning a pet. Among pet owners, dogs are by far the most popular pet type. Generally, small-sized dogs such as Maltese dogs or Poodles are more popular since people often live in apartments without their own gardens or other open areas more suitable for larger breeds. While dogs are the most popular pet, cats, fish, and other pets have also stimulated industry growth. On average, one in two Korean pet owners spend up to three hundred thousand won every month on pet-related costs, with another quarter of pet owners spending up to one hundred thousand won.

Growing pet-related businesses

Together with the growing pet population in the country, the number of related businesses has greatly increased. As of 2020, the number of pet-related establishments stood at over 19 thousand. When broken down by category, pet beauty was the biggest pet-related business sector. It was followed by pet selling and pet management work. With the growing interest in animal health, the animal pharmaceuticals market has also seen continued growth in recent years. Domestic pharmaceutical companies and veterinary hospitals have also entered the pet health care market. Other industries, such as cosmetics and furniture, also saw the potential of the pet market and have begun developing pet-related products.

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