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Yahoo
30-05-2025
- Business
- Yahoo
Online Sales Propel Smart Pet Feeder Market with Subscription-Based Innovations
Key players like PETKIT and Dogness focus on innovative solutions, enhancing pet health and convenience for urban owners. Asia's growing markets and IoT advancements fuel demand, despite challenges such as competition and privacy concerns. Dublin, May 30, 2025 (GLOBE NEWSWIRE) -- The "Smart Pet Feeder Global Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application, Product Type" has been added to offering. Smart pet feeders have revolutionized pet care, offering automated food dispensing for dogs and cats through features like programmable schedules, app connectivity, integrated cameras, and voice messaging. Fueled by the growing pet care market, valued at USD 261 billion in 2022, these devices address the needs of urban pet owners with hectic lifestyles. Innovations such as IoT integration and portion control not only boost convenience but also promote better pet health. The global smart pet feeder market is set to expand, predicted to reach USD 900 million to USD 1.40 billion by 2025, with a compound annual growth rate (CAGR) of 6.5% to 10.3% through 2030. Regional Analysis North America: The U.S. leads the market with high pet ownership and tech adoption, while Canada emphasizes premium feeders. Europe: Germany and the UK exhibit significant demand growth due to urban pet ownership trends. Asia Pacific: Rapid growth in China and India accompanies burgeoning pet markets, with Japan focusing on tech-integrated feeders. Rest of the World: Brazil is expanding in pet tech adoption, and Australia prioritizes convenience-centric devices. Application Analysis Offline: Growth of 6.4%-10.2% is expected, driven by pet store sales and interest in premium, feature-rich feeders. Online: A projected growth of 6.6%-10.4% is linked to e-commerce expansion, with emphasis on subscription-based models. Type Analysis Dogs: Anticipated growth of 6.6%-10.4% due to portion control requirements, with trends focusing on durable designs. Cats: Growth projected at 6.5%-10.3%, driven by demand for small-portion feeders, such as Penthouse Paws' innovation in voice messaging. Others: Expected growth of 6.3%-10.1% for small pets, with advances in compact design. Key Market Players PETKIT Australia: App-controlled feeders. Dogness Group: Specializes in smart pet devices. Faroro: Offers budget-friendly feeders. Dokoo: Focuses on camera integration. Xiaomi: Delivers cost-effective smart solutions. Aqara: Emphasizes IoT integration. Market News In February 2024, Penthouse Paws introduced the Automatic Cat Feeder featuring a 6-liter capacity, voice messaging, and bite-proof cables, enhancing convenience for cat owners. Porter's Five Forces Analysis Threat of New Entrants: High, due to low manufacturing barriers and e-commerce facilitation. Threat of Substitutes: Moderate, as manual feeders provide less convenience. Bargaining Power of Buyers: High, with demand for affordable, feature-rich devices. Bargaining Power of Suppliers: Low, with numerous electronics suppliers. Competitive Rivalry: High, driven by competition on features and pricing. Market Opportunities and Challenges Opportunities: The global pet care market, along with China's robust pet market in 2023, propels demand. Urbanization, noted by over 100 million pet-owning Chinese households in 2023, fuels the need for automated solutions. The WHO's pet nutrition focus spurred a 10% increase in health product demand in 2023. A 15% rise in global IoT device adoption in 2023 underpins smart feeder growth. Enhancements like cameras and voice messaging improve user engagement. Emerging Asian markets present additional growth prospects. Challenges: High competition squeezes profit margins with low-cost alternatives. Technical issues, such as app connectivity failures, compromise user trust. Rural areas have limited adoption, hindering growth prospects. Supply chain disruptions affect component availability. Privacy concerns regarding camera features deter some potential users. Key Topics Covered: Chapter 1 Executive Summary Chapter 2 Abbreviation and Acronyms Chapter 3 Preface Research Scope Research Sources Research Method Chapter 4 Market Landscape Market Overview Classification/Types Application/End Users Chapter 5 Market Trend Analysis Drivers Restraints Opportunities Threats Chapter 6 Industry Chain Analysis Upstream/Suppliers Analysis Smart Pet Feeder Analysis Downstream Buyers/End Users Chapter 7 Latest Market Dynamics Chapter 8 Trading Analysis Chapter 9 Historical and Forecast Smart Pet Feeder Market in North America (2020-2030) Chapter 10 Historical and Forecast Smart Pet Feeder Market in South America (2020-2030) Chapter 11 Historical and Forecast Smart Pet Feeder Market in Asia & Pacific (2020-2030) Chapter 12 Historical and Forecast Smart Pet Feeder Market in Europe (2020-2030) Chapter 13 Historical and Forecast Smart Pet Feeder Market in MEA (2020-2030) Chapter 14 Summary For Global Smart Pet Feeder Market (2020-2025) Chapter 15 Global Smart Pet Feeder Market Forecast (2025-2030) Chapter 16 Analysis of Global Key Vendors PETKIT Australia Dogness Group Faroro Dokoo Xiaomi Aqara (Lumi United Technology) Allflex group TESLA Solar Skymee Pet Marvel Ltd. For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Yahoo
19-05-2025
- Business
- Yahoo
Dogness (International) Corporation Announces Strategic Investment in Petcare Internet of Things Platform
DONGGUAN, China and PLANO, Texas, May 19, 2025 /PRNewswire/ -- Dogness (International) Corporation ("Dogness" or the "Company") (NASDAQ: DOGZ), a developer and manufacturer of a comprehensive line of Dogness-branded, OEM and private label pet products, today announced that the Company has entered into a share acquisition agreement (the "Agreement") with a shareholder of Dogness Intelligent Technology Co., Ltd. ("DITC") to acquire a 19.5% equity interest in DITC in exchange for Dogness's Class A common shares and warrants to purchase Class A common shares. Established in 2018, DITC focuses on the research and development of Internet of Things (IoT) and app platforms in the pet industry. DITC is dedicated to creating user-centered intelligent petcare devices and applications that help track pet activities, collect health data, protect, feed, follow, and monitor pets, even if owners are not with their pets. Mr. Silong Chen, Chief Executive Officer of Dogness, stated, "We are pleased to invest and acquire a strategic stake in DITC, an emerging player in petcare technology. With the growing focus on pet health and wellness, and advancements in IoT, AI, and data analytics driving demand for pet tech products that monitor activity and track vitals, DITC's innovative approach and commitment to developing a user-centered intelligent pet ecosystem align well with our strategic goals. We are excited to work with DITC and explore new opportunities for growth in the expanding petcare market." For further information regarding this transaction, please see the Form 6-K to be filed with the SEC. About Dogness Dogness (International) Corporation was founded in 2003 from the belief that pet dogs and cats are important, well-loved family members. Through its smart products, hygiene products, health and wellness products, and leash products, Dogness is able to simplify pet lifestyles, make them more scientific, and enhance the relationship between pets and pet caregivers. The Company ensures industry-leading quality through its fully integrated vertical supply chain and world-class research and development capabilities, which has resulted in over 200 patents and patents pending. Dogness products reach families worldwide through global chain stores and distributors. For more information, please visit: Forward Looking Statements No statement made in this press release should be interpreted as an offer to purchase or sell any security. Such an offer can only be made in accordance with the Securities Act of 1933, as amended, and applicable state securities laws. Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the "safe harbor" under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding lingering effects of the Covid-19 pandemic on our customers' businesses and end purchasers' disposable income, our ability to raise capital on any particular terms, fulfillment of customer orders, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, our ability to realize revenue from expanded operation and acquired assets in China and the U.S., our ability to attract and retain highly skilled professionals, client concentration, industry segment concentration, reduced demand for technology in our key focus areas, our ability to successfully complete and integrate potential acquisitions, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings. These filings are available at Dogness may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law. For more information please contact: Wealth Financial Services LLCConnie Kang, PartnerEmail: ckang@ +86 1381 185 7742 (CN) View original content to download multimedia: SOURCE Dogness (International) Corporation Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-03-2025
- Business
- Yahoo
Dogness Schedules 2024 Annual Shareholders Meeting
DONGGUAN, China and PLANO, Texas, March 24, 2025 /PRNewswire/ -- Dogness (International) Corporation ("Dogness" or the "Company") (NASDAQ: DOGZ), a developer and manufacturer of a comprehensive line of Dogness-branded, OEM and private label pet products, today announced its annual meeting of shareholders for the fiscal year ended June 30, 2024, will be held on March 27, 2025, at 9:00 a.m. China Time (9:00 p.m. Eastern Time on March 26, 2025). The meeting will be held at the Company's executive office at No. 16 N. Dongke Road, Tongsha Industrial Zone, Dongguan, Guangdong, China. The meeting will be held as a hybrid virtual and physical meeting. Shareholders unable to attend in person may attend by call as follows: Topic: DOGNESS (INTERNATIONAL) CORPORATION ANNUAL SHAREHOLDER MEETING 2024 Time: Mar 26, 2025 09:00 PM Eastern Time (US and Canada) Join Zoom Meeting Meeting ID: 889 4804 7162 Passcode: 916781 Annual meeting materials will be made available on the Company's investor relations website and is available in its filings with the U.S. Securities and Exchange Commission on the EDGAR website About Dogness Dogness (International) Corporation was founded in 2003 from the belief that dogs and cats are important, well-loved family members. Through its smart products, hygiene products, health and wellness products, and leash products, Dogness' technology simplifies pet lifestyles and enhances the relationship between pets and pet caregivers. The Company ensures industry-leading quality through its fully integrated vertical supply chain and world-class research and development capabilities, which has resulted in over 200 patents and patents pending. Dogness products reach families worldwide through global chain stores and distributors. For more information, please visit: Forward Looking Statements No statement made in this press release should be interpreted as an offer to purchase or sell any security. Such an offer can only be made in accordance with the Securities Act of 1933, as amended, and applicable state securities laws. Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the "safe harbor" under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding lingering effects of the Covid-19 pandemic on our customers' businesses and end purchasers' disposable income, our ability to raise capital on any particular terms, fulfillment of customer orders, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, our ability to realize revenue from expanded operation and acquired assets in China and the U.S., our ability to attract and retain highly skilled professionals, client concentration, industry segment concentration, reduced demand for technology in our key focus areas, our ability to successfully complete and integrate potential acquisitions, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings. These filings are available at Dogness may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law. For investor and media inquiries, please contact: Wealth Financial Services LLCConnie Kang, PartnerEmail: ckang@ +86 1381 185 7742 (CN) View original content to download multimedia: SOURCE Dogness (International) Corporation Sign in to access your portfolio
