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Rapid Market Growth

• 2023 to 2024 Growth: The market size for automatic and smart pet feeders has grown rapidly, increasing from $1.49 billion in 2023 to $1.72 billion in 2024 at a CAGR of 15.4%.
• Factors Contributing to Growth:
  • Rising demand for convenience in pet care.
  • Integration with IoT ecosystems for smarter functionalities.
  • Multifunctionality of smart pet feeders.
  • Influence of pet-centric media and entertainment.
  • Increasing pet lifespan and the aging pet population.

Future Market Projections

• 2024 to 2028 Growth: The market is projected to grow further, reaching $2.86 billion by 2028 at a CAGR of 13.6%.
• Driving Factors:
  • Increasing pet ownership globally.
  • Adoption of smart home technology.
  • Growing convenience-driven lifestyles.
  • Heightened awareness of pet health and nutrition.
  • Increasing humanization of pets.

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 Key Market Drivers

• Increasing Pet Ownership: The demand for pets as companions and emotional support is on the rise, contributing to higher pet ownership rates.
  • Convenience: Smart pet feeders reduce the time and effort needed for regular pet feeding, appealing to potential pet owners.
  • Statistics: According to the American Pet Products Association (APPA), US pet ownership surged by 11% in 2022 compared to the previous year.

Leading Companies

• Major Players: Pets at Home Group Plc, Godrej Agrovet Limited, Shenzhen Petlibro Pet Products Co. Ltd., Tuya Global Inc., Radio Systems Corporation, Hangzhou Tianyuan Pet Products Co. Ltd., and more.

Innovative Trends in Pet Care

• Smart Pet Feeders with Cameras: Companies are focusing on developing innovative products like the Petlibro Granary Automatic Pet Feeder, which incorporates sensors to detect food levels and monitor feeding patterns.
  • Launch Example: In April 2021, Petlibro launched the Petlibro Granary Automatic Pet Feeder, designed for busy pet parents with remote control capabilities via smartphone apps.

Strategic Acquisitions

• Indutrade’s Acquisition of ATLINE: In February 2024, Indutrade AB acquired ATLINE, a Denmark-based manufacturer of robotic production equipment for the pet food and animal feed industries. This acquisition aims to enhance Indutrade’s innovative solutions and market reach.

Market Segmentation

• By Product: Automatic Smart Feeder, Smart Pet Feeder.
• By Pet Type: Dogs, Cats, Other Pet Types.
• By Price Range: Low-Cost Feeder, Mid-Range Feeder, High-End Feeder.
• By Application: Pet Healthcare, Communication and Entertainment, Pet Owner Convenience, Pet Safety.
• By Distribution Channel: Online E-Commerce Stores, Hypermarkets or Supermarkets, Pet Care Stores and Clinics.

Regional Insights

• Largest Market: North America dominated the market for automatic and smart pet feeders in 2023.
• Fastest-Growing Region: Asia-Pacific is expected to be the fastest-growing region during the forecast period.

The automatic and smart pet feeder market is on a robust growth trajectory, driven by technological advancements, increasing pet ownership, and a trend towards convenience and smart home integration. Major players continue to innovate and expand, promising a dynamic and competitive market landscape in the coming years.

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