Global Pet Toys & Training Market To Expand With Increasing Expenditure For Pet Toys By Pet Owners By A Robust CAGR Throughout 2019-2027

Research Nester has released a report titled "Pet Toys & Training Market - Global Demand Analysis & Opportunity Outlook 2027" which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter's five force model.

American Pet Products Association (APPA) National Pet Owners Survey, in one of its reports stated that in the U.S. pet toys expenses for dogs and cats peaked to USD 79.00 spent annually in 2019-20 from a total of USD 64.00 spent annually in 2013-14. Additionally, pet owners of dogs and cats spent almost 15% for kennel boarding and 3% for toys out of total of some of the basic annual expenses during the period 2019-20 according to the statistics of the survey report.

Pet owners are increasingly spending for pet toys and kennel boarding on the back of behavioral issues they observe in their pets. Scientific research describes that behavioral issues in pets are often caused by boredom and unavailability of free time of pet owners to spend time with their pets. Many kennel boarders provide training to the pets via pet toys in addition to their basic business of boarding the pet. For instance, dogs are trained in kennel boarding houses on how to take their food by themselves from food pantry boxes in the absence of their owners at their home. Numerous scopes observed with kennel boarders and pet owners for the caring of the pet by increasing expenditure for pet care is anticipated to drive the global pet toys & training market.

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The global pet toys & training market is anticipated to record a robust CAGR during the forecast period, i.e. 2019-2027. The market is segmented by animal type into dogs, cats, birds and others. Among all the segments, dog segment is anticipated to hold the largest market share on the back of pet owners preferring dogs for their loyal behavior and like being around humans. Additionally, dogs are often referred to as "man's best friend". APPA National Pet Owners Survey, a statistical survey report, stated that during the year 2018, 63.4 million of U.S. households owned a dog and the total of some of the basic annual expenses for the pet was around USD 1381.00 per annum.

Geographically, the global pet toys & training market is segmented by five major regions into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa region, out of which, North America is anticipated to hold the largest market share owing to high inclination for the adoption of pets by pet owners in the nations of Canada and the U.S. Around 67% of U.S. households owned a pet, which is around 84.9 million homes, according to the 2019-2020 APPA National Pet Owners Survey.

However, concerns for lack of knowledge of pet owners for being unable to use the toys properly for greater efficiency of the pet toys to the pet is estimated to act as a barrier to the growth of the global pet toys & training market.

This report also studies existing competitive scenario of some of the key players of the global pet toys & training market, which includes profiling of KONG Company, Chuckit! Toys, Radio Systems Corporation, Benebone LLC, Doskocil Manufacturing Company, Inc. dba Petmate, Coastal Pet Products, MammothPet, Petsport USA, Inc., McCann Pet Group, and Shanghai Xinjian Pet Product Co., Ltd.

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The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled "Pet Toys & Training Market - Global Demand Analysis & Opportunity Outlook 2027", analyses the overall global pet toys & training industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global pet toys & training market in the near future.

Get more information on this report: https://www.researchnester.com/reports/global-pet-toys-and-training-market/2168

AJ Daniel
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