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: 

What is included in market segmentation?

The report has segmented the market into the following categories:

Type Insights:

Application Insights:

Distribution channel Insights:

Regional Insights:

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Key Highlights of the Report:

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