Segments - Pet Toys Market by Product Types (Balls, Chew Toys, Interactive Toys, Plush Toys, Rope & Tug Toys, Squeaky Toys, and Others), Applications (Bird, Cat, Dog, Horse, and Others), Distribution Channels (Online and Offline), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
The Global Pet Toys Market size was valued at USD 2.69 Billion in 2022 and is expected to surpass USD 5.11 Billion by 2031, expanding at a CAGR of 7.4% during the forecast period, 2023 – 2031. Pet toys include a range of products that are primarily designed to train and source of fun for pet. Pet toys allow pets to expand their extra energy and play that can stimulate and improve both the physical and mental well-being of pets. They aid in the prevention of pets chewing, scratching, and digging on couches, furniture, and shoes.
Pet owners prefer to spend money on goods that are safe and fun for their pets to use and play with. Availability of non-toxic toys made with environmentally friendly materials such as hemp, wood, naturally derived rubber, and others play a vital role for the rising demand for pet toys. The safety of pet toys, however, is determined by the substance, size, pet size, play style, and activity level of the pet. Hard balls, fitness robots, and other interactive pet toys are popular among pet dogs as they can engage and play with them.
Increasing adoption of pets and rising spending for pet toys among pet owners are propelling the market growth.
Growing focus for pet humanization and the introduction of new creative eco-friendly pet accessories and toys are key drivers of the market.
Rising number of pet online retailers to ease the availability of pet toys products presents a major factor boosting the market growth.
Increased incidences of skin rashes among pets and the high use of chemical-based toys are expected to hamper the market expansion.
Customers' lack of understanding about the use of particular products for training and available toys for pets are major reasons for hindering the market expansion.
Expanding the need for customized pet toys, market participants are expanding their products portfolio. This provides crucial opportunities to allow pet owners to personalize their pet's needs.
The report on the global pet toys market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Attributes |
Details |
Report Title |
Pet Toys Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016 - 2021 |
Forecast Period |
2023–2031 |
Segmentation |
Product Types (Balls, Chew Toys, Interactive Toys, Plush Toys, Rope & Tug Toys, Squeaky Toys, and Others), Applications (Bird, Cat, Dog, Horse, and Others), Distribution Channels (Online and Offline) |
Regional Scope |
Asia Pacific, North America, Europe, Latin America, and Middle East & Africa |
Report Coverage |
Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast |
Key Players Covered |
Fluff and Tuff, Inc., Petsport USA, Inc., Cosmic Pet, ZyppyPaws, Radio Systems Corporation, Ethical Products, Inc., Benebone LLC, Jolly Pets, Honest Pet Products, Petmate, Coastal Pet Products, Inc., Central Garden & Pet Company, West Paw, Kyjen Company, LLC., Company of Animals, Ltd., Mammoth Pet Products, and KONG Company |
Based on product types, the pet toys market is segmented into balls, chew toys, interactive toys, plush toys, rope & tug toys, squeaky toys, and others. The plush toys segment is projected to hold significant market share as plush toys are comfortable for pets to gnaw on and touch. This draws pets' attention to such toys and encourages them to play with them. As a result of this, pet owners prefer to acquire plush toys for their pets, resulting in higher profits from the plush toys market. Furthermore, greater customer accessibility to smart plush toys is projected to fuel the segment growth.
On the basis of applications, the market is fragmented into bird, cat, dog, horse, and others. The dog segment is anticipated to account for a substantial share of the market owing to the enormous number of pet dogs around the world. Growing number of new owners for pet dog leads to offer high sales of pet products especially in developed countries.
Furthermore, improved consumer access to a variety of dog toys such as bone toys, chewy toys, and others is driving the growth of this segment. Furthermore, wide practice of keeping dogs to prevent from robberies and thieves in the residential areas lead to high adoption of dogs.
In terms of distribution channels, the pet toys market is bifurcated into online and offline. The online segment is expected to register a substantial growth rate in the near future Owing to the growing popularity of online subscription-based services connected to animal food items among pet owners globally. Online category is ascribed to be one of the fastest growing segments due to owners’ preference for buying products from online platforms due to heavy discount offers and availability of different types of pet toys from different brands.
Companies can now easily track the sales success of several categories of pet products from their e-commerce stores and wide efforts for businesses to collaborate and expand their operations using the e-commerce channel mode, resulting in high segmental revenue growth.
In terms of regions, the market is categorized as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is expected to dominate the market due to the presence of a substantial number of domestic pets among a large number of the population in the United States and Canada.
Moreover, high spending by pet owners of these countries have substantially increased the overall revenue of the regional market. Furthermore, evolving practice to maintain pet animals' playing routines and habits in the United States is projected to boost demand for fresh types of pet toys among the population.
Key players in the global pet toys market are Fluff and Tuff, Inc., Petsport USA, Inc., Cosmic Pet, ZyppyPaws, Radio Systems Corporation, Ethical Products, Inc., Benebone LLC, Jolly Pets, Honest Pet Products, Petmate, Coastal Pet Products, Inc., Central Garden & Pet Company, West Paw, Kyjen Company, LLC., Company of Animals, Ltd., Mammoth Pet Products, and KONG Company. These players have adopted several market development activities including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.