Pet Toys Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Pet Toys Market
The Pet Toys Market Size was valued at USD 8.50 billion in 2023, and the Market is now projected to grow from USD 9.03 billion in 2024 to USD 15.29 billion by 2032, exhibiting a CAGR of 6.81% during the forecast period of 2024-2032.
It was during the COVID-19 outbreak that people sought domestic animals as friends whilst being on lockdown. Increase in the number of families owning pets also boosted the demand for mammals and their accessories which include toys. Since people began to stay at home more frequently, the communication of consumers began to be shifted to home-oriented acquiring. To learn more about pets; pet owners were willing to spend more on toys meant to help keep their pets busy, impeding the rise of Pet Toys Market Growth.
The demand for Pet Toys has risen due to the rising demand of pet subscription boxes, resulting in the expansion of Pet Toys Market share globally. Given that they provide a convenient way to access a wide range of toys, treats and many other pet products that are delivered straight to the consumer’s doorstep, pet subscription boxes can be highly beneficial. This will be suitable for pet owners who care are so busy with their work and other daily activities such that ordering for the products will suit them as they do not have the time to keep on going for shopping. In addition, many subscription services provided are customizable depending on the size, breed of the pet, its preferred interests, and requirements to ensure optimal interaction and quality of the toys used by the pet.
Additionally, Small, independent nuclear families who own one or two homes with less or no children living together are more likely to own pets for companionship purposes. This increased trend in pet adoption to families leads to the need to purchase pet products such as toys as their inclusion as family members is embraced. Since people usually have children or parents or both, pets in such cases are considered to be more important and hence are given more attention and care compared to other domesticated animals. This is because nuclear families are more likely to spend more in caring for a pet, especially in giving toys that serve not only for play but also for mental stimulation, exercise, and overall purposes.
Comprehensive Analysis of Pet Toys Market
The Pet Toys Market is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the Consumer Goods Industry. These Segmentations are methodically segregated by Product Type, by Pet type and By Distribution Channel. The Product type include Plush, Rope, Balls, and Others. The Pet type includes Dogs, Cats, and others. However, the Distribution channel includes Offline and Online.
The North American region leads the Pet Toys Market by benefitting a market size of USD 2.87 billion in 2023 due to increasing adoption of pets in countries such as US and Canada. Consumers are progressively demanding for soft and convenient pet toy products, which drives the market growth of pet animal toys in the region.
The top players in the market play a crucial role in the Consumer Goods Industry assuring industrial prospectus growth and setting market standards. These players include Central Garden & Pet Company (US), ZippyPaws (US), Radio Systems Corporation (US), Multipet International Inc., (US), Kyjen Company LLC (US), Kong Company (US), Benebone LLC (US), Petmate (US), Ethical Products, Inc., (US), Petsport USA, Inc., (US). These market players provide a level playing competitive landscape.
In November 2023, Bark, a global omnichannel dog brand, partnered with Dunkin’ joy in Childhood foundation on a collection of dog toys. Under this partnership, guests visiting Dunkin’ restaurants can take home a Dunkin’ iced coffee combo Dog Toy for a $15 donation or a Dunkin’ Sausage, Egg and Cheese Dog Toy for a $13 donation.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 6.81% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Product Type
Plush
Rope
Balls
Others
By Pet Type
Dogs
Cats
Others
By Distribution Channel
Offline
Online
By Region
North America (By Product Type, Pet Type, Distribution Channel, and Country)
- U.S. (By Product Type)
- Canada (By Product Type)
- Mexico (By Product Type)
Europe (By Product Type, Pet Type, Distribution Channel, and Country)
- Germany (By Product Type)
- U.K. (By Product Type)
- France (By Product Type)
- Italy (By Product Type)
- Spain (By Product Type)
- Rest of Europe (By Product Type)
Asia Pacific (By Product Type, Pet Type, Distribution Channel, and Country)
- China (By Product Type)
- India (By Product Type)
- Japan (By Product Type)
- Australia (By Product Type)
- Rest of Asia Pacific (By Product Type)
South America (By Product Type, Pet Type, Distribution Channel, and Country)
- Brazil (By Product Type)
- Argentina (By Product Type)
- Rest of South America (By Product Type)
Middle East and Africa (By Product Type, Pet Type, Distribution Channel, and Country)
- UAE (By Product Type)
- South Africa (By Product Type)
- Rest of Middle East & Africa (By Product Type )
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