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.
To Remain ‘Ahead’ Of Your Competitors, Request For A Sample – https://www.factmr.com/connectus/sample?flag=S&rep_id=5908
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.
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.
GET A CUSTOMIZED SCOPE TO MATCH YOUR NEED – https://www.factmr.com/connectus/sample?flag=RC&rep_id=5908
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.
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.
For Entire List Of Market Players, Request For TOC Here – https://www.factmr.com/connectus/sample?flag=T&rep_id=5908
Tablet Press Projector Lamps Marketresearch and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
US Sales Office:
11140 Rockville Pike
Rockville, MD 20852
Tel: +1 (628) 251-1583
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates