China's city dwellers will soon have more pets than toddlers, and there's one way investors can cash in on the trend, Goldman Sachs says
China will have more than 70 million urban pets and less than 40 million children under the age of four by 2030, Goldman Sachs said in a report.
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- Goldman Sachs says China's urban pets could outnumber the country's toddlers by 2030.
- The investment bank says this could lead to a $12 billion market for pet food.
- China's population has been shrinking since 2022, as more people decide not to have children.
China's baby bust...
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