PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1488615
PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1488615
Smart Pet Feeder Market Assessment, By Type, By Connectivity, By Capacity, By Meals, By End-user, By Price Range, By Distribution Channel, By Region, Opportunities and Forecast, 2017-2031F
Global smart pet feeder market is projected to witness a CAGR of 8.35% during the forecast period 2024-2031, growing from USD 551.6 million in 2023 to USD 1047.74 million in 2031. The smart pet feeder market is witnessing growth in the forecast period due to factors such as rising pet ownership, pet owners' convenience in scheduling and monitoring their pets' feeds remotely, maintaining the health and well-being of the pets by providing dietary recommendations and controlling portions, which prevents overfeeding, and consumers' growing awareness of pet obesity and the health risks associated with it.
Smart pet feeders enable pet parents to schedule, monitor, and adjust the feeding of their pets. These pet feeders can be controlled remotely through a user-friendly smartphone app, which adds convenience in providing food to pets. They also provide precise feedings along with the pets' diet reports.
These smart pet feeders are accompanied by smart apps, which enable pet owners to design a personalized feeding schedule customized according to their pets' unique needs and diet. These smart apps also ensure a consistent and optimal feeding experience by sending notifications in real time to keep the owners updated about their pets' eating habits.
Additionally, advancements in technology and innovation are also majorly driving the growth of the market, such as various connections options, offline functioning during power supply cuts, incorporation of artificial intelligence, personalization of diets and improvement in sensors and movement detection. Incorporation of voice commands in the smart pet feeders is also driving the market as it comforts the pets when the owners are away. For instance, in December 2022, Xiaomi, the third largest smartphone company in the world, launched Xiaomi Smart Pet Feeder. This smart pet feeder automatically dispenses kibble based on preset time and quantity. It is connected to Mi Home, enabling the pet owners to control it from anywhere and anytime. Additionally, it has a built-in power supply for emergency situations which allows it to function even without internet connection or power supply.
These factors are significantly driving the market's growth, increasing the product's popularity among consumers.
Dog and Cat Feeders to Dominate the Market
Dog and Cat Feeders are dominating the smart pet feeder market for several reasons. Some of these reasons include dogs and cats being relatively common compared to other pets, such as birds and fish, being found in most households globally, and having a specific feeding schedule.
Smart pet feeders are designed in such a way that they offer advanced features such as portion control, scheduling of meals and personalized dietary recommendations which appeal to the pet owners for the well-being of their pets. It is because dogs and cats, unlike other pets, have relatively complex dietary needs, which require specialized formulations and portion controls.
Additionally, smart pet feeders incorporate features such as slow feeding mechanism to prevent overeating which is crucial for maintaining the body weight of dogs and cats.
For instance, in November 2022, Aqara, a brand of Lumi United Technology Co. announced the launch of Aqara Smart Pet Feeder C1, its latest innovation which is designed specifically to feed dogs and cats. The device offers feeds for dogs and cats on a schedule, using an app or by voice commands through Alexa, Apple's Siri, and Google Assistant.
Multi-functional Pet Feeders Acting as a Catalyst
Multi-functional smart pet feeders are gaining popularity in the market for several reasons. They enhance the usefulness of the product and cater to the dynamic needs of pet owners. They offer convenience by incorporating multiple features in a single gadget, such as feeding, pet monitoring, watering, and self-cleaning.
For instance, in May 2023, Pet Marvel Ltd. launched an innovative automatic smart two-in-one pet feeder and water dispenser. The device comes with three essential features in a single device for feeding, watering, and real time monitoring. The device is equipped with a multi-cat facial recognition system and a voice announcement feature and a built-in camera.
Additionally, these smart pet feeders cater to different needs and pets and households, offering versatility to the consumers. It offers tailored feeding schedules, diet plans, customized portion sizes, and notifications to serve pets of all breeds and sizes.
These pet feeders are designed with camera and voice announcement features which allows the pet owners to capture pictures of their pets, provide comfort to their furry mates, and minimize the anxiety of separation whenever the pet owners are away from home.
Convenience for Working Pet Owners to Drive the Market
Table of Contents
1.Research Methodology
2.Project Scope & Definitions
3.Executive Summary
4.Voice of Customer
- 4.1.Demographics (Age/Cohort Analysis - Baby Boomers and Gen X, Millennials, Gen Z; Gender; Income - Low, Mid and High; Geography; Nationality; etc.)
- 4.2.Product and Market Intelligence
- 4.3.Mode of Brand Awareness
- 4.4.Factors Considered in Purchase Decisions
- 4.4.1.Quality
- 4.4.2.Pet Type
- 4.4.3.Brand Image
5.Global Smart Pet Feeder Market Outlook, 2017-2031F
6.Global Smart Pet Feeder Market Outlook, By Region, 2017-2031F
7.Market Mapping, 2023
8.Macro Environment and Industry Structure
9.Market Dynamics
10.Key Players Landscape
11.Pricing Analysis
12.Case Studies
13.Key Players Outlook
14.Strategic Recommendations
15.About Us & Disclaimer
List of Tables
- Table 1. Pricing Analysis of Products from Key Players
- Table 2. Competition Matrix of Top 5 Market Leaders
- Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
- Table 4. About Us - Regions and Countries Where We Have Executed Client Projects
List of Figures
- Figure 1.Global Smart Pet Feeder Market, By Value, In USD Million, 2017-2031F
- Figure 2.Global Smart Pet Feeder Market, By Volume, In Thousand Units, 2017-2031F
- Figure 3.Global Smart Pet Feeder Market Share (%), By Type, 2017-2031F
- Figure 4.Global Smart Pet Feeder Market Share (%), By Connectivity, 2017-2031F
- Figure 5.Global Smart Pet Feeder Market Share (%), By Capacity, 2017-2031F
