Automatic And Smart Pet Feeder Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
Automatic and smart pet feeders are innovative devices designed to automate the pet feeding process. They dispense food at scheduled times or upon command, often integrating advanced features such as portion control, customizable feeding schedules, and remote access via smartphone apps.

Sizing and Forecast
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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Segmentation & Regional Insights
The automatic and smart pet feeder market covered in this report is segmented –

1) By Product: Automatic Smart Feeder, Smart Pet Feeder
2) By Pet Type: Dogs, Cats, Other Pet Types
3) By Price Range: Low-Cost Feeder, Mid-Range Feeder, High-End-Feeder
4) By Application: Pet Healthcare, Communication And Entertainment, Pet Owner Convenience, Pet Safety
5) By Distribution Channel: Online E-Commerce Stores, Hypermarkets Or Supermarkets, Pet Care Stores And Clinics

North America was the largest region in the automatic and smart pet feeders market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automatic and smart pet feeder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
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.

Key Industry Players
Major companies operating in the automatic and smart pet feeder market are 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.

The automatic and smart pet feeder market report table of contents includes:

1. Executive Summary
2. Automatic And Smart Pet Feeder Market Characteristics
3. Automatic And Smart Pet Feeder Market Trends And Strategies
4. Automatic And Smart Pet Feeder Market – Macro Economic Scenario
5. Global Automatic And Smart Pet Feeder Market Size and Growth
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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