Global Pet Toys Market By Product Type (Balls, Rope and Tugs Toys, Interactive Toys, Plush Toys, Chew Toys, and Other Product Types), By Pet (Dogs, Cats, Birds, and Other Pets), By Distribution Channel (Online and Offline), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032
- Published date: Sep 2023
- Report ID: 101393
- Number of Pages: 315
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Report Overview
The Global Pet Toys Market size is expected to be worth around USD 15 Billion by 2032 from USD 8 Billion in 2022, growing at a CAGR of 6.70% during the forecast period from 2023 to 2032.
Pet toys contain a range of products that are chiefly designed to train pets. It is one of the sources of fun for the pets. These toys allow pets to increase their energy level which will improve the mental and physical well-being of pets. These toys also prevent pets from scratching, chewing, and digging on couches, shoes, and furniture.
The pet toys market was estimated to grow during the forecast period. The growth of the market was attributed to the rising adoption of pets among nuclear families. Customers are looking for toys that are more durable and safer for their pets.
Furthermore, the increasing significance of daycare centers and pet hotels in developing countries, such as Brazil, China, and India, was estimated to propel the growth of the market. Additionally, the shifting significance of consumers among sustainable pet toy materials was expected to increase the growth of the market during the forecast period. Also, the rising humanization across the globe is projected to accelerate market growth.
Driving Factors
Increasing Popularity of Pet Ownership
Now a day, the pet parenting trend is emerging significantly. People own a pet as a preparation for parenting. In this scenario, the pet owners fulfill all possible needs of their pets as they would for their children. Additionally, the majority of people across the world are considering their pets as part of their family due to the increasing shift towards pet humanization. This will boost the growth of the market during the forecast period.
Increasing Demand for Pet Subscription Boxes
During the period of the COVID-19 pandemic, there was a rise in pet toy subscription services. These subscriptions have gained popularity worldwide. The relationships between the owner and the pet grow by playing with their pet.
A few cats, dogs, as well as other pets, were part of an unprecedented rise in the figure of pet owners in the US, resulting in augmented sales of pet products. This will likely enhance the market growth during the forecast period.
Restraining Factors
Increasing Problems of Skin Rashes Among the Pet Animals
The skin related problems are increasing among pets like cats and dogs, and that’s why their owner take them to veterinary doctors. Pets mostly suffer from several diseases, such as skin infections, skin parasites, and allergies. This may be due to chemical-based plastic toys or the material used to make plastic toys.
Sometimes pets are allergic to them, and this causes several infections. Thus, the increasing occurrence of skin allergies and rashes among pets because of the often usage of chemical-based toys will likely hinder the growth of the pet toy market.
Growth Opportunities
Increasing Need for Customized Pet Toys
Nowadays, customized pet toys are gaining popularity as pet owners are becoming more aware of the importance of exercise and mental stimulation for their pets. Additionally, the demand for sustainable and eco-friendly products are increasing; this also increases the demand for customized pet toy. Furthermore, pet owners can also choose customized toys by taking care of behavioral issues and health concerns of their pets.
Latest Trends
Nuclear Families Trend Fueled the Pet Ownership
A nuclear family consists of grandparents, a couple, grandchildren, and pets. Presently, there is a trend of nuclear families increasing across the world. This trend has influenced pet ownership, and it is estimated to continue during the forecast period. As pet ownership increased, the concern for the health of the pet by their owners was also increasing.
That’s why consumers are willing to spend more money on their pets. This will enhance the demand for pet care products. Additionally, the growth of the market was also boosted because consumers are purchasing premium quality pet toys.
By Product Type Analysis
Ball Segment Dominated the Market with Highest Revenue Share
The product type segment is divided into balls, rope & tug toys, interactive toys, plush toys, chew toys, and other product types. The ball segment accounted for the largest share of 46% of the market because they are flexible for pets and easy to play. That’s why it grabs the attention of pets towards itself.
Thus, pet owners mainly prefer to buy balls because of their flexible usage, and also, because it is suitable for pets. Additionally, the rising accessibility of customers for interactive toys will likely boost the demand for the global pet toys market.
By Pet Analysis
The dogs Segment Held the Majority Share of the Market
The pet segment is divided into dogs, cats, birds, and other pets. The dog segment accounted for the majority of share of 51% of the market across the world. According to the research, owning a dog is good for the mental and physical health of the person because dogs make people healthier and happier. The dogs offer constant hugs, emotional support, and unconditional love to the owner; this improves the mental health of the person and prevents social isolation.
By Distribution Channel Analysis
Offline Segment Dominated the Market with the Highest Revenue Share
The distribution channel is divided into online and offline. The offline channels are estimated to collect the maximum share during the forecast period due to the availability of goods in the offline stores as per the customer’s requirement. Additionally, to help consumers choose their products wisely, offline stores such as specialty stores and mega stores are making efforts. This will likely propel the growth of the market during the forecast period.
Key Market Segments
By Product Type
- Balls
- Rope & Tugs Toys
- Interactive Toys
- Plush Toys
- Chew Toys
- Other Product Types
By Pet
- Dogs
- Cats
- Birds
- Other Pets
By Distribution Channel
- Online
- Offline
COVID-19 Impact Analysis
The COVID-19 Pandemic had a Negative Impact on Market Growth
The lockdown had hindered the distribution of pet toys across the world. This leads to a decrease in the demand for pet toy products. Also, during the lockdown, the mega stores, local retail shops, and other brand stores were shut down in the majority of countries, which has hampered the market growth during the period of pandemic.
Furthermore, offline stores have experienced a reduction in sales, while online sales have shown some boost during the pandemic. People have purchased goods through various online portals. Thus, it provided rewarding opportunities to the global market.
Regional Analysis
North America Dominated the Global Pet Toys Market
North America accounted for the largest share of 39% of the market, owing to the rising adoption of pets in this region. This has increased the demand for convenient pet toy products for pets and will likely boost the growth of the market during the forecast period.
Additionally, the presence of a large number of pet animals in countries like the US and Canada will enhance the demand for the toys and improve the market growth.
Europe was estimated to grow with the fastest CAGR during the forecast period owing to the presence of numerous pet products manufacturing units, and pet toy stores will likely improve the distribution of pet toys all over the world. Asia Pacific will also have significant growth.
Factors such as changing habits and playing patterns of animals, increasing product innovations, and the rapid construction of mega retail stores will enhance the demand for the pet toys market in this region during the forecast period.
Key Regions and Countries
- North America
- The US
- Canada
- Mexico
- Western Europe
- Germany
- France
- The UK
- Spain
- Italy
- Portugal
- Ireland
- Austria
- Switzerland
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- The Czech Republic
- Greece
- Rest of Eastern Europe
- APAC
- China
- Japan
- South Korea
- India
- Australia & New Zealand
- Indonesia
- Malaysia
- Philippines
- Singapore
- Thailand
- Vietnam
- Rest of APAC
- Latin America
- Brazil
- Colombia
- Chile
- Argentina
- Costa Rica
- Rest of Latin America
- Middle East & Africa
- Algeria
- Egypt
- Israel
- Kuwait
- Nigeria
- Saudi Arabia
- South Africa
- Turkey
- United Arab Emirates
- Rest of MEA
Technological Advancements in the Market
The prominent players in the market are continuously focusing on the launch of new products with the numerous technological advancements in pet care products. The increasing adoption of pets at the period of the COVID-19 pandemic has surged the demand for pet toy products.
Presently, the trend for handy, automated, and smart pet animal toy items has augmented; this serves as numerous opportunities for players to expand their businesses during the forecast period.
Top Key Players
- Central Garden & Pet Company
- Petsport USA, Inc.
- Ethical Products, Inc
- Radio Systems Corporation
- ZippyPaws
- Multipet International, Inc.
- Kong Company
- Benebone LLC
- Kyjen Company LLC
- Other Key Players
Recent Developments
- In November 2022- Nylabone declared the launch of a new range of play toys for fun activities. Nylabone is the famous brand of the Central Garden & Pet Company.
- In May 2020- Radio Systems Corporation declared its merger & acquisition with Clayton, Dubilier & Rice. The Radio Systems Corporation is the prominent innovator in the companion animal health & safety market, while Clayton, Dubilier & Rice was an American private equity company. The merger & acquisition would help the company to raise its investments in terms of research and development & increase its product portfolio for its customer base.
Report Scope:
Report Features Description Market Value (2022) US$ 8 Bn Forecast Revenue (2032) US$ 15 Bn CAGR (2023-2032) 6.7% Base Year for Estimation 2022 Historic Period 2016-2022 Forecast Period 2023-2032 Report Coverage Revenue Forecast, Market Dynamics, COVID-19 Impact, Competitive Landscape, Recent Developments Segments Covered By Product Type- Balls, Rope & Tugs Toys, Interactive Toys, Plush Toys, Chew Toys, and Other Product Types; By Pet- Dogs, Cats, Birds, and Other Pets; and By Distribution Channel- Online and Offline. Regional Analysis North America – The US, Canada, & Mexico; Western Europe – Germany, France, The UK, Spain, Italy, Portugal, Ireland, Austria, Switzerland, Benelux, Nordic, and rest of Western Europe; Eastern Europe – Russia, Poland, The Czech Republic, Greece, & Rest of Eastern Europe; APAC – China, Japan, South Korea, India, Australia & New Zealand, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, & Rest of APAC; Latin America – Brazil, Colombia, Chile, Argentina, Costa Rica, & Rest of Latin America; The Middle East & Africa – Algeria, Egypt, Israel, Kuwait, Nigeria, Saudi Arabia, South Africa, Turkey, United Arab Emirates, & Rest of MEA. Competitive Landscape Central Garden & Pet Company, Petsport USA, Inc., Ethical Products, Inc, Radio Systems Corporation, ZippyPaws, Multipet International, Inc., Kong Company, Benebone LLC, Kyjen Company LLC, and Other Key Players. Customization Scope Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements. Purchase Options We have three licenses to opt for Single User License, Multi-User License (Up to 5 Users), Corporate Use License (Unlimited User and Printable PDF) Frequently Asked Questions (FAQ)
What are the leading market players active in the pet toys market?Central Garden & Pet Company, Petsport USA, Inc., Ethical Products, Inc, Radio Systems Corporation, ZippyPaws, Multipet International, Inc., Kong Company, Benebone LLC, Kyjen Company LLC, Other Key Players,
What is the estimated value of the Global Market for Pet Toys?The global pet toys market is to grow from USD 8 billion in 2020 to USD 15 billion by 2032
What is the growth rate of the Global Market for Pet Toys?The growth rate of the Global Market for Pet Toys is 6.7%.
- Central Garden & Pet Company
- Petsport USA, Inc.
- Ethical Products, Inc
- Radio Systems Corporation
- ZippyPaws
- Multipet International, Inc.
- Kong Company
- Benebone LLC
- Kyjen Company LLC
- Other Key Players
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