Press release
Global Pet Toys Market Projected to Surpass $4.78 Billion by 2029 with 7.8% Annual Growth
Pet Toys Market Trends
The growth of the pet toy market is being fuelled by a rise in pet ownership, which is becoming increasingly popular. Pet ownership, which entails caring for a domesticated animal for companionship or emotional support, is growing due to various factors like changing social norms, a deeper understanding of the benefits of owning pets, and the influence of social media. Pet toys play a crucial role in keeping pets fit and maintaining their optimal weight by encouraging active play. They also foster a stronger relationship between pets and their owners. For example, in October 2023, the American Pet Products Association, a US-based non-profit association, reported that 86.9 million American households, representing 66% of households in 2022, had pets. Similarly, in November 2022, Animal Medicines Australia, an Australian association for animal health, stated that pet ownership was prevalent in 69% of Australian homes in 2022. Consequently, the rising trend of owning pets is significantly propelling the pet toy market's growth.
Get Your Pet Toys Market Report Here:
https://www.thebusinessresearchcompany.com/report/pet-toys-global-market-report
How will the growth rate of the pet toys market shape industry trends by 2034?
In recent times, the pet toys market has seen significant growth. Predictions indicate that it will rise from $3.28 billion in 2024 to $3.54 billion in 2025, with a compound annual growth rate (CAGR) of 7.8%. The historic growth can be attributed to factors such as the increasing demand for private labels, the popularity of pet subscription boxes, and an uptick in pet ownership rates and adoptions. There's also a growing trend toward eco-friendly and sustainable pet toys.
The market for pet toys is predicted to experience significant expansion in the near future, potentially reaching $4.78 billion by 2029, with a compound annual growth rate (CAGR) of 7.8%. Factors contributing to this projected growth during the forecast period include an increased demand from millennials and young children, a rise in pet ownership leading to heightened product demand, a surge in popularity for pet subscription boxes, a growing emphasis on pet humanization, and the debut of innovative, environmentally-friendly pet accessories and toys. The rise in pet owners globally is also a driving factor. Some major trends predicted for the forecast period include the growth of e-commerce, the trend of nuclear families spurring pet ownership, interactive intelligent toys, customizable playthings, and the emergence of fetch technology.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14160&type=smp
What trends are poised to drive the future success of the pet toys market?
In a bid to boost their product portfolios and extend their market foothold, leading firms in the pet toys industry are increasingly resorting to strategic partnerships. This approach allows companies to mutually benefit from each other's strengths and resources for joint success. For example, in April 2023, a novel pet toys range inspired by gaming gear was unveiled as a result of a partnership between HyperX, a gaming products developer, and P.L.A.Y., a premium and eco-friendly pet beds and toys producer, both based in the US. The inventive collection of pet items is designed to entertain pets for hours with toys modeled after the gaming headset, keyboard, and microphone from HyperX, with even a chill pad included. Products such as the Cloud Arfa headsets and Alloy Keybark keyboard are crafted from environmentally friendly components, with their fillers derived from repurposed plastic bottles. These toys are not only effortless to maintain and safe for pets, but they also appeal to pet owners with a focus on sustainability.
Which primary segments of the pet toys market are driving growth and industry transformations?
The pet toys market covered in this report is segmented -
1) By Product Type: Plush Toys, Rope And Tug Toys, Balls, Chew Toys, Squeaky Toys, Interactive Toys
2) By Material Type: Rubber, Cotton, Nylon, Plastic, Other Material Types
3) By Distribution Channel: Online, Offline
4) By Application: Bird, Cat, Dog, Horse, Other Applications
Subsegments:
1) By Plush Toys: Stuffed Animals, Comfort Toys, Plush Toys With Squeakers
2) By Rope And Tug Toys: Knotted Ropes, Tug-Of-War Toys, Rope Toys With Handles
3) By Balls: Tennis Balls, Rubber Balls, Fetch Balls With Squeakers
4) By Chew Toys: Dental Chews, Edible Chews, Non-Edible Rubber Or Nylon Chews
5) By Squeaky Toys: Squeaky Plush Toys, Squeaky Rubber Toys, Interactive Squeaky Toys
6) By Interactive Toys: Puzzle Toys, Treat-Dispensing Toys, Electronic Toys
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14160
Which geographical regions are pioneering growth in the pet toys market?
North America was the largest region in the pet toys market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pet toys market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the pet toys market landscape?
Major companies operating in the pet toys market are Petmate, Radio Systems Corporation, Multipet International Inc., Coastal Pet Products Inc., ChuckIt, The OurPet's Co., Worldwise Inc., Company of Animals Ltd., Pet Qwerks Inc., Ethical Products Inc., ZippyPaws, Outward Hound, KONG Company, The Hartz Mountain Corporation, Jolly Pets, Benebone LLC, Honest Pet Products LLC, Mammoth Pet Products, West Paw, Petsport USA Inc., Fluff and Tuff Inc., Kyjen Company LLC, Starmark Academy
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=14160&type=smp
What Is Covered In The Pet Toys Global Market Report?
•Market Size Forecast: Examine the pet toys market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the pet toys market for a structured understanding.
•Key Players Overview: Analyze major players in the pet toys market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the pet toys market.
•Segment Contributions: Evaluate how different segments drive overall growth in the pet toys market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the pet toys market.
•Industry Challenges: Identify potential risks and obstacles affecting the pet toys market.
•Competitive Landscape: Review strategic developments in the pet toys market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Pet Toys Market Projected to Surpass $4.78 Billion by 2029 with 7.8% Annual Growth here
News-ID: 3917184 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Toys
Miniature Construction Site Market Is Booming Worldwide | Major Giants Caterpill …
HTF MI recently introduced Global Miniature Construction Site Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2025-2033). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence.
Major companies in Miniature Construction Site Market are:
LEGO, Playmobil, Bruder, Tonka, Hasbro, Mattel, Meccano, K'NEX, Revell, Walthers, Atlas Model, Bachmann,…
Bubble Drone Market to See Booming Growth | Zhenlong toys, WL toys, JiaYuan toys …
Bubble Drone Market Report research report is a wide-ranging analysis and Impact of COVID19 in the global market and the in-detail information with segmentation has been added in this intelligence report. In this report a comprehensive analysis of current global Global Bubble Drone Market market in terms of demand and supply environment is provided, as well as price trend currently and in the next few years. Global leading players are…
Sustainable Toys Market In-detail Analysis till 2028 & COVID-19 Effect on Indust …
A worldwide Sustainable Toys Market research report offers marketing and business managers a platform to obtain critical information about their consumers so that existing customers can be retained and new ones can get onboard. Be it about looking for new product trends or competitive analysis of an existing or emerging market, an excellent market document has the best market research offerings and the required critical information. With this business report,…
Bubble Drone Market Is Booming Worldwide | WL toys, MJX, SYMA toys, UdiR/C, JiaY …
This report discusses many vital industry facets that influence Global Bubble Drone industry acutely which includes extensive study of competitive edge, latest advancements, region-wise industry environment, contemporary market and manufacturing trends, leading market contenders, and current consumption tendency of the end user. The report also oversees market size, market share, growth rate, revenue, and CAGR reported previously along with its forecast estimation. The impact of the COVID-19, and also forecasts…
Educational Toys & Learning Toys Market is Booming Worldwide with Goldlok Toys, …
The latest research on “Global Educational Toys & Learning Toys Report 2021” offered by HTF MI provides a comprehensive investigation into the geographical landscape, industry size along with the revenue estimation of the business. Additionally, the report also highlights the challenges impeding market growth and expansion strategies employed by leading companies in the “Market”.
Get Free Sample PDF including full TOC, Tables and Figures and Available customizations) in Global Educational Toys…
Electronic Toys Market Swot Analysis by key players HW Toys, Auldey Toys, Bandai …
Latest Market intelligence report released by HTF MI with title "Global Electronic Toys Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)" is designed covering micro level of analysis by manufacturers and key business segments. The Global Electronic Toys Market survey analysis offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is…
