Pet industry thrives as fewer young Thais have children

The pet industry is expected to thrive as more Thais, particularly the younger generation, choose to raise pets instead of having children. Despite ongoing economic challenges, the sector has been barely affected.

- KUAKUL MORNKUM

Milin Veraratanaroj, chairman of Tang Ngee Soon Superstore, one of the largest traditional wholesale chains in Udon Thani, said he noticed a significant decline in younger Thais' interest in having children since the pandemic began.

This shift has affected sales of baby-related products in the stores he manages, particularly formula and diapers.

"Diaper sales dropped by roughly 20-30% in the first quarter of 2025 year-on-year," he said.

Mr Milin said he is concerned that Thailand's declining birth rate could pose long-term economic risks.

Many young people now perceive raising children as a financial burden, and are opting for pets such as dogs, cats, rabbits and squirrels, he said.