The global smart pet feeder market is valued at US$ 198.3 million and is predicted to expand at a high CAGR of 8% between 2022 and 2032, as per detailed industry analysis by Fact.MR, a market research and competitive intelligence provider. Increasing pet adoption, changing pet care trends, and the introduction of novel technologies in pet management are major factors driving market growth.
The COVID-19 pandemic facilitated the reconnection of people’s lives at homes, especially pet parents. It allowed pet owners to spend quality time with their pets and give them the attention and care they require. This was a blessing in disguise for many; however, with the world back to a new normal and many people going out to work, it has raised concerns about pet parenting, especially for those who adopted pets during lockdowns.
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Technology has come to the rescue for concerns such as pet eating schedules when pet owners are not present at home. An increase in demand for smart pet feeders has been witnessed since the end of lockdowns. Smart pet feeders enable pet parents to control and monitor their pet’s feeding schedule with their mobile phones even when they are away from home. These smart devices also help in providing the right quantity of feed at right time.
Key Segments of Smart Pet Feeder Industry Survey
- Smart Pet Feeder Market by Pet Type :
- Smart Pet Feeders for Dogs
- Smart Pet Feeders for Cats
- Others
- Smart Pet Feeder Market by Connectivity :
- Bluetooth
- Cellular
- Wi-Fi
- Others
- Smart Pet Feeder Market by Sales Channel :
- Online Sales Channels
- Company Websites
- e-Commerce Platforms
- Offline Sales Channels
- Hypermarkets/Supermarkets
- Modern Trade Stores
- Brand Stores
- Pet Care Stores
- Pet Care Clinics
- Smart Pet Feeder Market by Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
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Key Takeaways from Market Study
- By pet type, the dogs segment is projected to provide an absolute $ opportunity of US$ 1 billion over the forecast period (2022-2032).
- Among the sales channels, online sales are anticipated to expand around 1.9X in market value and create an absolute $ opportunity of US$ 583.8 billion by 2032.
- Wi-Fi, as a connectivity type, is poised to create an absolute $ opportunity of US$ 966.1 million by 2032.
- Europe is set to hold around 33.5% of the global market share by 2032 and reach a market valuation of US$ 1.4 billion.
- North America is expected to provide an absolute dollar opportunity of US$ 480.3 billion by 2032-end.
