GITNUX MARKETDATA REPORT 2024

Ai In The Pet Care Industry Statistics

The use of AI in the pet care industry is expected to increase rapidly, with projected growth in applications such as personalized pet nutrition and remote health monitoring.

Statistic 1

"By the end of 2021, the global market for pet care products is expected to be valued at $202.6 billion, with artificial intelligence assuming a growing role."

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Statistic 2

"The use of AI in pet care is expected to grow at an annual rate of 24.2% between 2019 and 2025."

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Statistic 3

"Artificial intelligence (AI) powered pet wearables market will hit $2.5 billion by 2024."

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Statistic 4

"An estimated 26% of pet owners would use a smart pet bed, indicating a potential market for AI-powered pet comfort solutions."

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Statistic 5

"About 73% of millennials are likely to pay for pet health products and services, indicating a strong market for AI-powered pet health care."

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Statistic 6

"In 2019, about 67% of US households, or about 85 million families, owned a pet; this indicates a vast market for AI pet care technology."

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Statistic 7

"An estimated 49% of pet owners are influenced by technology when making pet-related purchases."

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Statistic 8

"Rover.com predicts there will be more tech gadgets for pets than for humans by 2027, with AI playing a prominent role."

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Statistic 9

"The pet wearable market which often incorporates AI, is expected to grow at a CAGR of 14.36% by 2027."

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Statistic 10

"The use of AI in the pet industry led to a 16% increase in pet owners' spending in 2020 compared to 2019."

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Statistic 11

"About 42% of pet owners are likely to use pet technologies like AI for pet monitoring while they're not at home."

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Statistic 12

"There was a 10-fold increase in AI-backed innovations within the pet care industry between 2016 and 2019."

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Statistic 13

"Expenditure in the pet technology industry is set to exceed $260 million by 2022, with AI being a significant contributor."

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Statistic 14

"Nearly 47% of people are willing to pay a premium for smart pet products, underlining the potential market for AI offerings."

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Statistic 15

"An estimated 37% of pet owners would use technology to track their pet’s location, indicating a market for AI-powered pet tracking devices."

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