Automatic Pet Feeder Market Forecast and CAGR
As a pet owner, you have the duty of supplying your pet with high-quality, well-balanced food at timely intervals. This has sparked an increasing concern among pet owners about providing a safe and nutritious diet for their beloved pets, which has fuelled the market for automatic pet feeder.
According to a report published by Fact.MR automatic pet feeder market is expected to witness a surge in growth during the forecast period 2021-2031. Pet adoption rates are expected to rise as a result of the recent trend of keeping pets and providing them timely food, even in their absence.
What is Driving the Demand for Automatic Pet Feeder?
The demand is fuelled by urban residents' shifting lifestyle habits and hectic work schedules, as well as an increase in product awareness and accessibility thanks to online retailing. Further, the adoption of automatic and smart pet feeders is heavily driving the sales in the market, thanks to a rise in the conceptualization of smart homes.
The market is gaining momentum as pet owners become more aware of their pet's welfare. The rising popularity of adopting pets as companions for mental well-being, health, and entertainment is driving up pet-care spending. Owing to such reason manufacturers are continuing to generate profits by introducing smart products.
These products not only provide timely food to the pets but also monitors various other aspects, which are available to them on the smartphone companion app. Furthermore, demand is expected to grow in the coming years as pet owners become more concerned about a balanced & timely diet as a result of increased knowledge about pet health.
Besides, ongoing technological developments in developing countries, such as the implementation of a video camera to ensure proper pet tracking, are expected to increase the use of automatic and smart pet feeders in the future.
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Smart Pet Feeders Have Become the Talk of the Town
As per the suggestions provided by multiple veterinarians, the pet needs to be given multiple smaller meals in regular intervals. Numerous manufacturers in the market are developing innovative solutions and improving upon the existing automatic pet feeders.
Smart features such as programming & scheduling through the app, providing filtered fresh water and balanced food at regular intervals has seen a rise in the past years. Additionally, some products even maintain multiple pet profiles based on tags attached to cats. This helps in monitoring multiple pets in a single household using smart collar tags which aids pet owners to fine-tune feeding cycles of pets and provide them with timely food even in their absence.
These smart pet feeders also offer certain health monitoring features in their companion app. It analyses the eating and drinking habits of pets to detect potential health issues which may arise in their pets in due course of time. Owing to the aforementioned factors, demand for smart pet feeders is anticipated to escalate during the forecast period.
US Demand Outlook for Automatic Pet Feeder Market
The United States remains the world's most dog-loving nation, with the world's largest pet dog population standing at 89.7 million. Additionally, it is house to one of the largest cat population standing at 94.2 million. This is because, as of the 2019-2020 fiscal year, over 106.1 million households in the country owned either a dog or a cat.
Moreover, according to APPA, US pet owners spend around $103 Bn on their pets annually. With the growing number of pet dogs and cats in this country, pet owners' concerns about providing their pets with timely food at regular intervals of time, even in their absence are on the rise.
Further, the majority of the population in the US is working. This creates an immense opportunity for the manufacturers to cater their automatic pet feeders to their customers. Moreover, due to the high purchasing potential of the U.S. population, it is projected to account for the highest demand for automatic pet feeders during the forecast period.
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Who are the Key Manufacturers and Suppliers of Automatic Pet Feeder?
Some of the leading manufacturers and suppliers of automatic pet feeder include
- Shenzhen Easething Technology Co. Ltd.
- Wireless Whiskers
- Petsafe (Radio System Corporation)
- Wireless Whiskers
- SureFlap Ltd.
- PortionPro Rx
- WOPET among others.
Diverse businesses concentrate on organic growth strategies, including product launch, product approvals, etc. Acquisitions & collaboration were inorganic growth strategies in the sector. These efforts have paved the way for market players to expand their business and customer base.
With the rising demand for automated and smart pet feeders in the global market, market contributors are expecting lucrative growth opportunities in the future.
Automatic Pet Feeder Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
An Adaptive Approach to Modern-day Research Needs
By Product type
- Standard Automatic
- Smart Pet Feeder
By feeder type
- Generic feeder
- Selective feeder
By life stage
By Storage Capacity
- < 300 ml
- 300 - 500 ml
- > 500 ml
By Pet Type
By Sales Channel
- Pet Specialty Centers
- Supermarkets & Hypermarket
- Retailers & Wholesalers
- Other Distribution channels
- Direct Sales
- E-Commerce Sales
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia
- India, Thailand, Malaysia, Indonesia and Rest of South Asia
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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