Automatic Pet Feed Market Insights
The global automatic pet feed market is anticipated to witness a healthy CAGR of 32.9% over the forecast period. The market growth is expected to be influenced by increased inclination of consumers towards digitized and automatic homes, which results in high demand for smart pet-feeders.
The enhancements in technology have enabled several users to connect these pet feeders with voice-activated virtual personal assistant. The demand for these connectivity-enabled smart pet feeders is very high as it can be easily connected to the end-users' smartphones.
Growing concern towards the health of the pets is anticipated to influence the pet owners to make increased investment in pet care products. Moreover, increased spending capacity along with rising pet humanization is projected to contribute substantially towards the market growth.
Automatic Pet Feed Market: Product Insights
The automatic pet feed market is segmented into Automatic pet feeder and Smart pet feeder, based on products. Automatic pet feeder segment is anticipated to account for a significant market share over the forecast period. Automatic pet feeders are widely preferred by the consumers, as it facilitates the predetermination of portion size by programming the food quantity in a single serving.
Automatic Pet Feed Market: Distribution Channel Insights
Based on distribution channel, the automatic pet feed market is divided into online distribution channel and offline distribution channel.
Offline distribution channel type is likely to register a significant growth rate over the projected period. The offline automatic feeder dispenses food in pre-measured quantities at regulated time intervals into the pet's feeding dish. They are available in a wide range of sizes, materials, and programming options.
Online distribution channel type is also projected to gain a lot of traction over the coming years. Smart pet feeders are not only Wi-Fi enabled but have a camera attached to it, which enables the users to visually monitor the pets.
The demand for smart pet feeders is likely to increase over the years, as it can be easily connected to the end-users’ smartphones. This feature enables the owners to remotely monitor the activities of their pets.
Automatic Pet Feed Market: Application Insights
The automatic pet feed market is segmented into Households, Poultry farms and Dairy Farms among others, based on application.
The demand for automatic pet feeders is expected to rise significantly over the forecast period primarily due to growing concern for pet’s health. These feeders are extensively being used in dairy farms as it feeds the animals better and more effectively.
Automatic Pet Feed Market: Regional Insights
The market in North America is projected to account for a considerable market share over the forecast period. The regional growth is likely to be driven by the growing concern of the consumers towards their pet’s health. Factors such as increasing urbanization coupled with rising working-women population and growing number of high-net-worth individuals & ultra-high-net-worth individuals are likely to contribute towards the regional growth over the coming years.
Automatic Pet Feed Market: End-Use Landscape
The end-use landscape includes a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase products from the global automatic pet feed market. The major consumers of the product are Anna Creek Station and BRF among others.
Automatic Pet Feed Market: Competitor Analysis
Some of the key companies profiled in the market include Radio Systems, CleverPet, Nibbles, PeTreaT, Feed and Go, Jempet, Petnet, POPPY, RELENTY, RolliTron, and Petwant among others.
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