June 2022

CICC TOKYO DAYORI vol.84

In Japan, where the birthrate continues to decline, the number of petsexceeds the number of children. As of April 1, 2021, there were 14.93million children under the age of 15, but the total number of dogs andcats kept in 2021 was much higher at 16.05 million. With the increase in telecommuting and suburban migration due to theCorona pandemic, the demand for pets has skyrocketed. Pet tech, a newservice that utilizes digital technology to help pets live comfortablyas members of the family, is attracting attention.Japan’s pet tech market is expected to grow from USD 82.1 billion in FY2018 to USD 603.6 billion in FY 2023, with a CAGR of 47%. In […]