Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

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Analysis of the Future Development Trend of the Pet Industry

Authors
Wangyi Zhang1, *, Hengyuan Cao2, Lu Lin3
1College of letter and science, University of California, Santa Barbara, California 93117, China,wangyi_zhang@ucbs.edu
2Smeal College of Business, Penn State University, State College, 16801, The United States,hkc5218@psu.edu
3Faculty of engineering, China University of Geoscience, Wuhan, 430074, China,xtcx@cug.edu.cn
Corresponding Author
Wangyi Zhang
Available Online 26 March 2022.
DOI
10.2991/aebmr.k.220307.275How to use a DOI?
Keywords
Pet economy; modern technology; development trend
Abstract

The pet industry is a very promising market that has risen in recent years. Its external influences on its development provide catalysts that should be identified. And due to the continuous growth of people’s demand for pets, the pet economy has developed into a new economic form. The future development trend is the concerns of practitioners in the pet industry. This article highlights the main challenges through a political, economic, social, and technological (PEST) analysis. This article will focus on using data analysis to figure out the dynamics of the pet market. The results of the analysis show that the market economy of the pet industry will show a growing trend in the future. People’s growing demand for pets and the support of modern technology have allowed the pet industry to develop more types of products. And with the development of society, the future market and products of the pet industry will further expand. Researchers can use the relevant data in this article to understand the future development trend of the pet industry.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
26 March 2022
ISBN
978-94-6239-554-1
ISSN
2352-5428
DOI
10.2991/aebmr.k.220307.275How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

risenwbib
TY  - CONF
AU  - Wangyi Zhang
AU  - Hengyuan Cao
AU  - Lu Lin
PY  - 2022
DA  - 2022/03/26
TI  - Analysis of the Future Development Trend of the Pet Industry
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 1682
EP  - 1689
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.275
DO  - 10.2991/aebmr.k.220307.275
ID  - Zhang2022
ER  -