Pet Tech Market Outlook:
Pet Tech Market size was valued at USD 14.61 billion in 2025 and is expected to reach USD 61.73 billion by 2035, registering around 15.5% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of pet tech is evaluated at USD 16.65 billion.
The growth of the market can be attributed to the growing adoption of pets all around the globe. According to the American Society for the Prevention of Cruelty to Animals, 4.1 million shelter animals are adopted every year in the U.S. alone. In recent years, private equity firms have become active in the pet industry and various acquisitions have taken place to integrate businesses and expand their market share. Investment trends in the pet industry have been amalgamated with tech-enabled products such as pet health monitors and smart feeders. The burgeoning trends render profitable chances for market players in the coming years. According to the American Pet Products Association in October 2024, over 1,000 of the newest products were launched at Global Pet Expo in the U.S.
In addition, since a large number of people are using the Internet the demand for various applications on mobile phones is growing. These applications could help in tracking pet health along with connecting with pet care services. Increasing internet penetration is leading to a surge in demand for innovative products that monitor activity, provide remote veterinary consultation, and track vitals in pets.
