Pet Toys Market Size 2023: Industry Trends, Demand and Forecast till 2028
IMARC Group has recently released a new research study titled “Pet Toys Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How big is the pet toys market?
The global pet toys market size reached US$ 2.73 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.14 Billion by 2028 exhibiting a growth rate (CAGR) of 7.1% during 2023-2028.
What are pet toys?
A pet toy is an item specifically designed for the entertainment, engagement, and stimulation of pets. It is intended to provide mental and physical stimulation, exercise, and fun for pets, contributing to their overall well-being and happiness. Pet toys come in various shapes, sizes, materials, and functionalities, catering to different types of pets and their individual needs. They help alleviate boredom and provide an outlet for pets' natural instincts and behaviors, such as chewing, chasing, and hunting.
Toys can also aid in dental health by promoting chewing and reducing plaque buildup. Additionally, interactive and puzzle toys challenge pets' problem-solving abilities and keep their minds sharp. Pet toys are made from a wide range of materials, including rubber, plastic, fabric, rope, and natural materials like wood or sisal. They can be categorized into different types based on their functionality, such as chew, fetch, puzzle, plush, treat-dispensing, and interactive electronic toys.
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Pet Toys Market Trends and Drivers:
The increasing number of pet owners represents one of the key factors driving the growth of the market across the globe. The market is also driven by the rising demand for toys to entertain and engage pets due to more people adopting pets and considering them as an integral part of the family. In line with this, the rising pet care industry, along with the increasing need for customized and personalized pet toys to cater to the specific end-use requirements of pet users is contributing to the growth of the market.
Pet owners are willing to spend more on toys providing mental stimulation, exercise, and overall well-being for their pets. This trend is fueling the demand for innovative and interactive pet toys, thus driving the growth of the market. In addition to this, the increasing awareness among pet owners about the importance of physical exercise and mental stimulation for their pets' health and well-being is acting as a major growth-inducing factor. The increasing demand for pet toys that encourage physical activity, problem-solving, and mental engagement is rising as they contribute to the overall fitness and happiness of pets which is propelling the growth of the market.
Apart from this, the increasing influence of social media platforms and online pet communities is facilitating the growth of the market. Moreover, pet owners are increasingly sharing their experiences, recommendations, and product reviews, and creating trends, which is further driving demand for specific types of toys, which, in turn, is boosting the market growth. Moreover, the rising focus of manufacturers on introducing new and innovative pet toys to cater to the evolving needs and preferences of pet owners is boosting the market growth.
Other factors, such as the increasing focus on pet health and wellness, rapid urbanization and smaller living spaces, and the rising trend of pet humanization, are creating a positive outlook for the market across the globe.
Who are the key players operating in the industry?
The report covers the major market players including:
Allstar Inovations
Central Garden & Pet Company
Company of Animals
Fluff & Tuff Inc.
JOLLY PETS Ltd.
Kong Company
Mammoth Pet Products
Multipet International Inc.
Outward Hounds LLC
Petmate
Petsport Usa Inc.
West Paw Inc.
ZippyPaws
What is included in market segmentation?
The report has segmented the market into the following categories:
Type Insights:
Plush toys
Rope and rug toys
Balls
Other
Application Insights:
Dog
Cat
Others
Distribution channel Insights:
Online
Offline
Regional Insights:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
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Key Highlights of the Report:
Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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