A survey conducted among Chinese millionaires in 2021 showed that more than 60 percent of millionaires spent over 8,000 yuan on their pets a year. Around 22 percent of respondents spent more than 10,000 yuan. On average, respondents spent around 8,200 yuan on one pet each year. Dogs are the most popular pets among China's super-rich.
Distribution of annual expenditure on keeping pets among Chinese millionaires as of 2021
Characteristic
Share of respondents
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among high net worth individuals with personal assets over ten million yuan
Supplementary notes
One yuan equals to 0.16 U.S. dollars and 0.14 euros (as of February 2022).
The survey was conducted among 750 respondents with personal assets of over ten million yuan. Around 40 of the respondents were with personal assets over 100 million yuan.
50 percent of respondents were female. 50 percent of respondents were male. 40 percent of respondents were from tier-1 cities, 60 percent were from new tier-1 and tier-2 cities.
The respondents' average age was 37 years old, and the average personal assets of respondents were 42 million yuan.
The average number of real estate owned by respondents was three, and the average living space is 275 square meters.
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Hurun Research Institute. (January 20, 2022). Distribution of annual expenditure on keeping pets among Chinese millionaires as of 2021 [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/1290059/china-spending-on-pets-among-millionaires/
Hurun Research Institute. "Distribution of annual expenditure on keeping pets among Chinese millionaires as of 2021." Chart. January 20, 2022. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/1290059/china-spending-on-pets-among-millionaires/
Hurun Research Institute. (2022). Distribution of annual expenditure on keeping pets among Chinese millionaires as of 2021. Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/1290059/china-spending-on-pets-among-millionaires/
Hurun Research Institute. "Distribution of Annual Expenditure on Keeping Pets among Chinese Millionaires as of 2021." Statista, Statista Inc., 20 Jan 2022, https://www.statista.com/statistics/1290059/china-spending-on-pets-among-millionaires/
Hurun Research Institute, Distribution of annual expenditure on keeping pets among Chinese millionaires as of 2021 Statista, https://www.statista.com/statistics/1290059/china-spending-on-pets-among-millionaires/ (last visited September 01, 2024)
Distribution of annual expenditure on keeping pets among Chinese millionaires as of 2021 [Graph], Hurun Research Institute, January 20, 2022. [Online]. Available: https://www.statista.com/statistics/1290059/china-spending-on-pets-among-millionaires/
