To improve the website's functionality, we use cookies, including third-party cookies. Read our Privacy Policy for more information
I AgreeAnalysis of Smart Pet Feeder market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global smart pet feeder market experienced year-on-year (YoY) growth of 5.2% in 2021 to reach a market valuation of US$ 187.3 million. Worldwide sales of smart pet feeders are expected to surge at 7.8% CAGR to reach US$ 419.2 million by the end of 2032.
Market valuation for smart pet feeders for dogs is expected to grow 2X to reach US$ 268.8 million by 2032.
Report Attributes |
Details |
---|---|
Smart Pet Feeder Market Size (2021A) |
US$ 187.3 Million |
Estimated Market value (2022E) |
US$ 198.3 Million |
Forecasted Market Value (2032F) |
US$ 419.2 Million |
Global Market Growth Rate (2022-2032) |
7.8% CAGR |
North America Market Share (2021) |
~33.8% |
North America Market Growth Rate (2022-2032) |
6.7% CAGR |
U.S. Market Growth Rate (2022-2032) |
6.5% CAGR |
Market Share of Top 5 Companies |
~12.2% |
Key Companies Profiled |
|
In 2019, obesity was one of the major concerns regarding pet dogs across the world, says “American Animal Hospital Association (AAHA)”. Pet dogs were found overweight in more than half proportion amongst the 1,000 hospitals all across Benfield, the United States.
Growing concerns amongst pet owners about their pet’s health and fitness are driving the demand for smart pet feeders, especially after the COVID-19 pandemic hit. Smart feeders are designed to deliver specific amounts of food to pets at set time intervals. New modern and smart technology homes have become a major driver for the growth of the smart pet feeder market.
In addition, technological advances such as the availability of video cameras to properly monitor pets are expected to drive the demand growth for smart pet feeders.
However, the high price of sensors and the complex structure and configuration of smart sensors may limit the market for smart pet feeders.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
As per the latest market analysis by Fact.MR, a market research and competitive intelligence provider, the market value for smart pet feeders increased at a CAGR of 4.7% during the last four years. In 2021, the smart pet feeder market stood at around US$ 187.3 million.
Increasing awareness of pets and animal welfare is a factor pushing market growth; nearly 60% of U.S. consumers say they are more concerned about animal welfare, especially because it is related to food supply.
There is a growing belief that keeping animals in a healthier state offers several valuable benefits, including improved food safety & nutrition, which ultimately increases the value of life.
Additionally, pet adoption has increased during the COVID-19 pandemic as people found more time to spend with pets. This indeed calls for timely and to-the-point pet care services.
The global pet care market was worth US$ 199 billion in 2021. With this, demand for smart feeders is poised to escalate at a high CAGR of 7.8% through 2032.
“Rising Pet Adoption & High Need for Feed Management”
The pet care industry grew rapidly in 2021 driven by experiential spending on pet management. However, looking at the post-COVID era, people have started going back to offices, mandating technology to look after the food cycles of their pets.
Not just food cycles, novel per feeders are also capable of evaluating a pet’s health and state of mind by mixing important ingredients. This ultimately counts in preparing total meal, which relaxes pet parents from looking into these detailed aspects.
Attributed to the aforementioned factors, especially escalating smart pet feeder demand, the market is projected to reach US$ 419.2 million by the end of 2032, creating an absolute dollar opportunity of US$ 220.1 million by 2032.
The global smart pet feeder market is growing rapidly in developed countries, especially in the U.S. This is due to high pet spending in the country. Increased pet ownership and spending on pet service products are expected to support the growth of the smart pet feeder industry across the North American region.
Increasing disposable income and spending on technologically-advanced products in the United States and Canada create a variety of opportunities for smart pet feeder manufacturers. North American consumers are expected to adopt automated and smart pet feeders early, and pet owners use more food and products to minimize the risk of illness.
The North American smart pet feeder market holds 34.5% of the global market share and is expected to rise at a CAGR of 6.5% during the forecast period. In addition, the U.S. smart pet feeder market is projected to reach US$ 119.7 million by 2032.
The European market is anticipated to expand at a CAGR of 7.2% during the forecast period to reach US$ 115.9 million by 2032, with the Germany smart pet feeder market anticipated to surge at a CAGR of 7.9%; its valuation is expected to increase 2.1X by 2032.
The German market is mature, slightly saturated, and growing steadily.
Moreover, growing demand for functional, high-quality products is driving demand for smart pet feeders in the country.
The dog pet segment is dominating the market and holds 68.4% market share, expected to reach US$ 268.8 million by 2032.
Due to the increasing number of dog owners as compared to cats and other pets, the dog population is expected to drive high market growth during the forecast period. Increasing owners' disposable income will drive spending on smart, digitized products such as automated and smart feeders. These smart feeders appeal to both, dogs and dog owners, who are unable to keep their dog's feeding schedules in check.
The dog pet segment is anticipated to expand at a CAGR of 7.1% over the next ten years.
For the top 10 manufacturers, more than 3/5 of the total sales of smart pet feeders come from offline sales channels, with include hypermarkets/supermarkets, modern trade stores, brand stores, pet care stores, and pet care clinics.
Smart pet feeder e-Commence is estimated to grow 1.7X during the forecast period and the offline sales channel market share is predicted to surge to 62.7% by the end of 2032.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
DOGNESS Group, Dokoo, Faroro, Petkit, Radio Systems Corporation, Skymee, Sureflap Ltd., Sure Pet Care, Welltobe, and Wopet are leading suppliers of smart pet feeders.
Fact.MR has provided detailed information about the overall strategies adopted by smart pet feeder brands, along with detailed sales analysis of the smart pet feeder market, including top smart pet feeder manufacturers, SWOT analysis, and sales generated by top smart pet feeder manufacturers positioned across geographies.
- Premium Report Details -
- Let's Connect -
- Quick Contact -
- Get Started -
Get insights that lead to new growth opportunities
Buy NowGet A Special pricing for start-ups and universities
Enquiry Before Buying- Humble, Yet Honored -
- Related Reports -
Currently, the global smart pet feeder market is valued at US$ 198.3 million.
Smart pet feeder sales are anticipated to surge at a CAGR of 7.5% through 2032.
Sales of smart pet feeders increased a CAGR of 4.7% from 2017 to 2021.
DOGNESS Group, Dokoo, Faroro, Petkit, Radio Systems Corporation, Skymee, Sureflap Ltd., Sure Pet Care, Welltobe, and Wopet are prominent manufacturers of smart pet feeders.
Capacity expansion and distribution contracts with retail chains & pet care stores have been the go-to strategy of key manufacturers.
East Asia is estimated to hold around 15.8% of the global smart pet feeder market share in by 2032.