Pet Toys Market To Reach $16.81Bn By 2030 | CAGR: 9.6%

Pet Toys Market Growth & Trends

The global pet toys market size is expected to reach USD 16.81 billion by 2030, expanding at a CAGR of 9.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. The concept of a nuclear family typically includes a couple, children, and sometimes grandparents and pets. In contemporary society, a family is defined as a group of emotionally connected individuals who live near each other. This prevailing trend towards nuclear families has contributed to an uptick in pet ownership nationwide, a trend expected to persist in the foreseeable future. The humanization of pets, wherein animals are perceived to exhibit human-like qualities, has sparked discussions about pet health and safety among owners. This shift underscores the deepening bond between humans and animals, influencing increased consumer spending on pet care.

The pet toys market is witnessing a rise in smart and app-enabled toys, introducing interactive play options that enable owners to engage their pets using smartphone applications. Concurrently, there is a growing trend towards sustainable toys, emphasizing eco-friendly materials and recycled products. These innovations cater to environmentally conscious consumers while providing enjoyable experiences for pets. Beco Pets exemplifies this trend with their new line, Rough & Tough, launched in March 2022. These durable, recycled toys are designed specifically for dogs of various sizes, reflecting a commitment to sustainability and pet entertainment.

In recent years, there has been a notable trend where owning a pet is seen as preparation for parenthood. In such cases, pet owners provide their pets with all the necessary amenities akin to what they would offer a child or family member. This mindset has led to a surge in spending on luxurious items for pets, reflecting the strong emotional bond between owners and their animals. This shift towards treating pets as family members has not only increased consumer spending on pet luxuries but also indicates promising growth in market sales for the foreseeable future. Furthermore, as more people worldwide embrace pet humanization, viewing pets as integral family members, the popularity of pet adoption has soared. This trend has significantly bolstered the demand for pet toys, contributing to the overall expansion of the market.

The dog toys segment is anticipated to dominate the market due to the widespread ownership of pet dogs globally. Research indicates that owning a dog provides significant physical and mental health benefits for individuals. Dogs contribute to improved happiness and overall well-being, aiding in crisis management and providing unconditional love, emotional support, and companionship that mitigate social isolation. For instance, a national survey conducted by the Human Animal Bond Research Institute revealed that 85% of respondents, both pet owners and non-owners, believe that interacting with animals alleviates feelings of loneliness.

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Pet Toys Market Report Highlights

• Based on pet type, dog toys dominated the market owing to the large number of pet dogs around the world. Innovations in pet toy design, incorporating durable materials and interactive features, are attracting pet owners looking for long-lasting and engaging products for their dogs

• Based on product, chew toys dominated the market owing to the rising demand for chew toys, which are used by both puppies and adult dogs on a global scale. Additionally, the growth of e-commerce platforms has made it easier for consumers to access a wide variety of dog toys, increasing market reach and sales

• Online distribution channel is expected to grow at the fastest rate over the forecast period due to the convenience and accessibility of online shopping, which has become increasingly favored by consumers

• Asia Pacific is projected to emerge as a lucrative region for the pet toys market. This can be attributed to the growing trend of humanization, where pets are increasingly treated as family members across the globe

Pet Toys Market Segmentation

For this study, Grand View Research has segmented the global pet toys market on the basis of pet type, product, distribution channel, and region:

Pet Toys Pet Type Outlook (Revenue, USD Million, 2018 - 2030)

• Dog

• Cat

• Others

Pet Toys Product Outlook (Revenue, USD Million, 2018 - 2030)

• Chew Toys

• Interactive Toys

• Soft Toys

• Plush Toys

• Fetch Toys

• Others

Pet Toys Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Hypermarket/ Supermarket

• Specialty Pet Stores

• Online

• Others

Pet Toys Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • Australia & New Zealand

  • South Korea

• Central & South America (CSA)

  • Brazil

• Middle East & Africa (MEA)

  • South Africa

List of Key Players of the Pet Toys Market

• Fluff and Tuff, Inc.

• Petsport USA, Inc.

• Cosmic Pet

• ZyppyPaws

• Ethical Products, Inc.

• Benebone LLC

• Jolly Pets

• Honest Pet Products

• Petmate

• Coastal Pet Products, Inc.