Pet owners in China are having a hard time letting their beloved pets go into the afterlife so they are deciding to clone them.
In the last several years the business of cloning deceased pets has skyrocketed in China.
The business hit the mainstream after SinoGene cloned a cat in 2019 for over $37,000 dollars.
So far SinoGene has cloned over 300 pets and has frozen over 1,000 pet cells for future cloning.
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In recent years, cloning of deceased pets has become a booming business in #China—a market that is rapidly growing despite its high price tag, immature technology, and controversial ethics. https://t.co/E3kwFELSUn
— The Epoch Times – China Insider (@EpochTimesChina) July 25, 2022
Pet Cloning is Booming in China – https://t.co/aynucXn9CT
By Jennifer Bateman
In recent years, cloning of deceased pets has bec… pic.twitter.com/HXGbPzeGoA
— NTD Canada (@NTDnewsCanada) July 26, 2022
Zero Hedge broke the story and shared these details:
In recent years, cloning of deceased pets has become a booming business in China, a market that is rapidly growing despite its high price tag, immature technology, and controversial ethics.
In July 2019, SinoGene, China’s pet cloning bellwether, produced China’s first cloned cat for 250,000 yuan ($37,000). Since then, commercial pet cloning in China is enjoying growing popularity.
The company just opened a new branch in eastern China’s Jiangsu Province, with the plant occupying an area of 27,000 square meters (6.67 acres) and a total building area of 17,000 square meters (4.2 acres).
The initial high price of cloning was unaffordable for most Chinese. But, cloning costs have gone down. The present price tag for cloning a cat is 118,000 yuan (about $17,500), less than half what it was three years ago, according to a SinoGene salesperson.
The price of cloning a pet dog, which varies based on the size of the animal, is currently between 168,000 and 198,000 yuan (about $25,000 to $29,000), which is 50 percent less than the 380,000 yuan (about $56,000) it was in April 2019.
But even the current cloning prices are equivalent to what it would take an average Chinese person 2 to 3 years to earn.
In the past few years, SinoGene has successfully delivered more than 300 cloned pets, including approximately 100 cats and 200 dogs. In addition, more than 1,000 customers have preserved pet cells with SinoGene for future cloning needs.
The pet cloning market in China is becoming highly competitive. In addition to Hino Valley, another pet cloning company is PanGene, which is well-known for cloning Purebred Tibetan Mastiff dogs. Some commercial catteries and kennels have also preserved cell lines from cats and dogs and provide cloning services in order to preserve the best breeds.
Chinese business of pet cloning flourishes – Gulf Insider https://t.co/bVy0WFK4Vh
— Gulftech (@Gulftechkhan) July 26, 2022
The Digital Journal dropped these details:
Advance Market Analytics published a new research publication on “Global Dog Cloning Market Insights, to 2027” with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Dog Cloning market was mainly driven by the increasing R&D spending across the world.
Cloned dog means a genetic twin of any dog that shares many characteristics of the current dog including appearance, intelligence, and temperament. Increasing dog death rates due to accidents and critical diseases like cancer have created significant opportunities for the market. Further, increasing research such as the long-term health and lifespan of cloned dogs is likely to fuel growth and increase the production of transgenic dogs.
In February 2021, US scientists successfully cloned an endangered animal, the black-footed ferret from the frozen cell of an ancestor that died over 30 years ago. According to U.S. Fish and Wildlife Service, the black-footed ferret is North America’s rarest land animal that is native to the Great Plains.