Automatic And Smart Pet Feeder Market Share, Trends, Growth Rate, Industry Report And Forecast To 2033

The Business Research Company recently released a comprehensive report on the Global Automatic And Smart Pet Feeder Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, the automatic and smart pet feeder market size has grown rapidly in recent years. It will grow from $1.49 billion in 2023 to $1.72 billion in 2024 at a compound annual growth rate (CAGR) of 15.4%. The growth in the historic period can be attributed to rising demand for convenience, integration with IoT ecosystems, multifunctionality of smart pet feeders, influence of pet-centric media and entertainment, increasing pet lifespan and aging pets.

The automatic and smart pet feeder market size is expected to see rapid growth in the next few years. It will grow to $2.86 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%. The growth in the forecast period can be attributed to increasing pet ownership ,increasing adoption of smart home technology ,increasing in convenience-driven lifestyles ,increasing awareness of pet health and nutrition, the increasing humanization of pets. Major trends in the forecast period include integration with IoT ecosystems, product innovation and advancements, integration with smart home ecosystems, introduction of smart food dispensing sensors, pet industry partnerships and collaborations.

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Market Drivers and Trends:

The increasing demand for pet ownership is expected to propel the growth of the automatic and smart pet feeder markets going forward. The demand for pet ownership is increasing due to the growing recognition of pets for companionship and emotional support, as well as the trend towards humanization of pets. Automatic and smart pet feeders offer convenient solutions for pet care tasks, reducing the time and effort required to feed pets regularly, making pet ownership more manageable, and appealing to potential pet owners. This convenience factor encourages individuals to consider adopting pets, contributing to the overall increase in pet ownership rates. For instance, according to the American Pet Products Association (APPA), a US-based non-profit association, pet ownership in the United States experienced a substantial surge in 2022, witnessing an increase of 11% compared to the preceding year. Therefore, the increasing demand for pet ownership drives the growth of the automatic and smart pet feeder markets.

Major companies operating in the automatic and smart pet feeder market are focusing on developing innovative products, such as Petlibro Granary Automatic Pet Feeder, to gain a competitive edge in the market. Petlibro Granary Automatic Pet Feeder is a device that automatically dispense food for pets or livestock based on predefined schedules. For instance, in April 2021, Petlibro, a US-based brand offering various pet products, launched the Petlibro Granary Automatic Pet Feeder, an automatic, cheap pet feeder designed for the busiest pet parents. It incorporates sensors to detect food levels, dispense the correct amount, and possibly even monitor feeding patterns and behaviors. These sensors enable the feeder to operate automatically, providing pet owners with remote control and monitoring capabilities through smartphone apps or other interfaces.

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Major Key Players of the Market:

Pets at Home Group Plc, Godrej Agrovet Limited, Shenzhen Petlibro Pet Products Co. Ltd. , Tuya Global Inc., Radio Systems Corporation , Hangzhou Tianyuan Pet Products Co. Ltd. , Ceva Santé Animale, Automated Pet Care Products Inc. , OurPets Company, Petwant Co. Ltd., Owon Technology Inc., Dogness (International) Corporation, Zesty Paws, Arf Pets, Anser Innovation LLC , Petcube Inc., Whistle Labs Inc. , Petkit Ltd., Petoneer Limited , Encaya Corp., iFetch LLC, PetFusion LLC, Doskocil Manufacturing Co. Inc., Vet Innovations Inc.

Automatic And Smart Pet Feeder Market 2024 Key Insights:

• The automatic and smart pet feeder market is expected to grow to $2.86 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%.
• Driving Forces Behind The Growth Of Automatic And Smart Pet Feeder Markets
• Innovative Trends In Pet Care The Rise Of Automatic Pet Feeders With Cameras
• North America was the largest region in the automatic and smart pet feeders market in 2023

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