Pet Toys Market Size
The Global Pet Toys Market reached US$ 8 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 13 billion by 2030. The market is expected to exhibit a CAGR of 6.5% during the forecast period 2024-2031.
Pets play around and expend more energy on pet toys. Pet toys provide stimulation and progress for the mind and body. They help prevent pets from dangerous things like couches, furniture, and shoes by gnawing, clawing, and ruining them.
These are also employed to socialize and train the animals. Pet owners commonly choose reliable and secure items for their animals. Pet toys' safety is impacted by their size, substance, play style, pet size, and amount of activity.
Pet owners want to spend money on items that are entertaining and secure for usage by pets. One of the leading causes of the rise in demand for the pet toys market is the availability of non-toxic toys like chew toys, squeaky toys, and natural toys produced from eco-friendly materials like hemp, wood, naturally derived rubber, and others. These factors are driving the pet toys market growth during the forecast period of 2023-2030.
Market Scope
| Metrics | Details |
| CAGR | 6.5% |
| Size Available for Years | 2021-2030 |
| Forecast Period | 2023-2030 |
| Data Availability | Value (US$) |
| Segments Covered | Product Type, Pet Type, Distribution Channel, and Region |
| Regions Covered | North America, Europe, Asia-Pacific, South America and Middle East & Africa |
| Fastest Growing Region | Europe |
| Largest Region | North America |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Market Dynamics
The Growing Popularity of Pet Ownership Will Increase Demand for Pet Toys.
Pet owners now lavish as much love and attention on their animals as they would on their own children or other family members, thanks to the pet parenting trend. The strong attachment between people and their dogs has encouraged luxury spending by pet owners. Given how frequently this drift occurs, market sales are expected to rise in the years to come.
According to petpedia data, 40% of dog owners and 25% of cat owners bought clothing for their pets in 2020. The trend of pet humanization has been on the rise for the last couple of years. As the latest statistics show, it doesn't seem to slow down soon. Due to the expanding tendency of pet humanization, millions think of their pets as family members.
Infections associated with Chemical Toys are Preventing the Market from Expansion.
One of the most common reasons pet owners send their animals to the doctor is skin problems, which regularly affect dogs and cats. Chemical usage can result in a multitude of illnesses, particularly affecting dogs, including allergies, skin parasites, and skin infections. Just like people, pets can acquire sensitivities to plastic toys and materials.
Pets can have a chronic ear, skin, and paw infections and hay fever, although skin allergies are more common in them than hay fever and sneezing. It is also projected that rising cases of pet skin rashes caused by using toys composed of chemicals would limit the pet toys market growth.
Market Segment Analysis
The global pet toys market is segmented based on product type, pet type, distribution channel, and region.
In the Global Market of Pet Toys, the Dog Segment Holds the Largest Market Share.
The Global Pet Toys Market has been segmented by pet type into dogs, cats, and others. The market analysis report shows that the dog segment held the largest pet toys market share of 49.4% in 2022.
According to American Veterinary Medical Foundation (AVMF), Dogs remained the most common breed, with 13 million pets. With 12 million pets, cats came in second. Given how many dogs are maintained as pets globally, the dog sector is projected to account for a sizeable portion of the market. The rising number of new dog owners is causing a rise in the demand for pet supplies, especially in industrialized countries.
Improved consumer access to a range of dog toys, including interactive toys, catnip toys, puzzle toys, and others, is another factor driving the growth of this sector. In addition, many people maintain dogs since it's a common norm to do so in residential neighborhoods to discourage robbery and burglary, which is driving the dog segment.
Source: DataM Intelligence Analysis (2023)
Market Geographical Share
The North America Held the Largest Share of Pet Toys Market
The Global Pet Toys Market is segmented into five parts of the world based on geography: North America, South America, Europe, Asia Pacific, the Middle East, and Africa. The North America Pet Toys market held the largest market share of 32.5% in 2022 in the Pet Toys market analysis.
The rapidly growing pet ownership and spending in North American countries like the US, it is anticipated that the North American area would account for a major share of the global pet toys market. According to the American Pet Products Association (APPA), over 90.5 million American homes, or 70%, have pets.
ACCORDING TO THE SAME SOURCE, the U.S. spent $103.6 billion on pet-related products and services in 2020, a 6.5% rise from the year before. Pet owners are paying more on pleasures and requirements for their animals due to the increasing number of pets owned in this area and the rising expenses of pet-related items, which raises the demand for pet toys, which in turn, increases pet toys market demand in the region.
Source: DataM Intelligence Analysis (2023)
Major Global Players
The major global players in the market include Cosmic Pet, ZyppyPaws, Radio Systems Corporation, Ethical Products, Inc., Benebone LLC, Jolly Pets, Honest Pet Products, Coastal Pet Products, Inc., Central Garden & Pet Company, and Company of Animals, Ltd.
COVID-19 Impact Analysis
Global Recession/Ukraine-Russia War/COVID-19, and Artificial Intelligence Impact Analysis:
Covid-19 Impact:
The global Pet Toys market was positively impacted by the COVID-19 outbreak. According to some recent data from the Pet Food Manufacturer's Association, 3.2 million families in the UK have added pets since the epidemic began (Paley, 2021). There are currently 17 million pet-owning households in the nation. As a result, pet ownership increased to 57% in May 2021 from previously stable levels during the preceding five years.
The increase in pet ownership has mostly been driven by young people. The majority of recent epidemic pet parents were between the ages of 16 and 34. Current pet owners are another important factor in pet purchase, with 42% of them getting a new pet since lockdown. It's interesting to see that 74% of pet owners said their animal companion had improved their mental health during COVID-19.
By Product Type
- Plush Toys
- Rope Toys
- Ball Toys
- Others
By Pet Type
- Dogs
- Cats
- Others
By Distribution channel
- Online
- Offline
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Germany
- The U.K.
- France
- Italy
- Spain
- Rest of Europe
- South America
- Brazil
- Argentina
- Rest of South America
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Middle East and Africa
Key Developments
- In May 2023, Wonky Woollies, a new line of environmentally friendly dog toys, has been introduced by Pet Love, a central interpet brand. According to estimates, in the UK, $140 million worth of clothes ends up in landfills each year. All the chew toys in the line are created from recycled woolen clothing.
- In April 2023, A groundbreaking, innovative pet toy collaboration is launched by HyperX and P.L.A.Y. The HyperX and P.L.A.Y. (Pet Lifestyle and You®) gaming peripheral-inspired pet toy line is a whimsical collaboration for furry companions and their people to enjoy. HyperX is the gaming peripherals team of HP Inc. and a brand leader in gaming and esports.
- In January 2023, PetSmart and Fisher-Price, superstores in the U.S. introduced a Line of Puppy Toys. With the new Fisher-Price collection, now offered in stores and online at PetSmart, pet parents may acquire their dogs' toys comparable to those for their children. With teething, soothing, and engaging toys that promote a developing puppy, products seek to target certain developmental needs.
Why Purchase the Report?
- To visualize the Global Pet Toys Market segmentation based on product type, pet type, distribution channel, and region and understand key commercial assets and players.
- Identify commercial opportunities in the market by analyzing trends and co-development.
- Excel data sheet with numerous pet toys market-level data points with all segments.
- The PDF report consists of a comprehensive market analysis after exhaustive qualitative interviews and an in-depth market study.
- Product mapping is available as Excel consists of key products of all the major market players.
The Global Pet Toys Market Report Would Provide Approximately 93 Tables, 109 Figures And 190 Pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
