Pet Toys Market Expected to Achieve 7.7% CAGR by 2029: Growth Forecast Insights

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How Large Will the Pet Toys Market Size By 2025?
In recent years, the pet toy market has seen significant expansion, with its size projected to increase from $3.28 billion in 2024 to $3.52 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.2%. This robust growth during the historical period is largely due to the growing preference for private labels, a surge in the demand for pet subscription boxes, an increase in pet ownership, rising adoption rates of pets, and the burgeoning interest in eco-friendly and sustainable pet toys.

How Big Is the Pet Toys Market Size Expected to Grow by 2029?
Expectations are high for substantial growth in the pet toys market in the coming years. By 2029, it is projected to expand to a worth of $4.74 billion, with a compound annual growth rate (CAGR) of 7.7%. This anticipated growth during the forecast period can be associated with increasing demand from millennials and younger children, rising interest in pet ownership to widen product requirements, growth in pet subscription boxes, concerted efforts toward pet humanization, and the launch of innovative, eco-friendly pet toys and accessories. Another significant factor is the escalating number of pet owners worldwide. Looking ahead to the forecast period, major trends to watch out for include a booming e-commerce industry, a rise in nuclear families, which boosts pet ownership, interactive intelligent toys, customizable toys, and fetch tech.

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Which Key Market Drivers Powering Pet Toys Market Expansion and Growth?
The escalating trend of pet-keeping is anticipated to fuel the expansion of the pet toy industry in the future. Having a pet for company or emotional support is what pet ownership entails. The rise in pet ownership can be attributed to various factors, including evolving societal norms, an increased understanding of the benefits of having a pet, and social media influence. Toys keep pets active and occupied, contributing to physical wellness and weight management. In addition, toy interaction helps bolster the relationship between pets and their owners. For example, the American Pet Products Association, a US-based non-profit organization, reported in October 2023 that there were 86.9 million pet-owning households in the US, translating to 66% of households in 2022. Furthermore, in November 2022, Animal Medicines Australia, a representative body for animal health, reported that 69% of households in Australia had pets in 2022. Consequently, the rising trend of pet ownership is stimulating the pet toy industry's progress.

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Which Fast-Growing Trends Are Poised to Disrupt the Pet Toys Market?
Main players in the pet toy industry are opting for strategic partnerships to widen their product range and strengthen their market presence. Strategic alliances involve businesses capitalizing on each other's expertise and resources to reap mutual advantages and achieve shared goals. For instance, HyperX, an American gaming products developer and P.L.A.Y., a US-based producer of exceptional, eco-friendly pet beds and toys rolled out a new series of pet toys inspired by gaming equipment in April 2023. This collaboration unveiled innovative pet merchandise designed to entertain for hours, with toys based off HyperX's gaming headset, keyboard, microphone and even a relaxation pad. Products like the Cloud Arfa headset and Alloy Keybark keyboard are manufactured from eco-friendly supplies, padding from reused plastic bottles. These toys are pet-safe, easy to maintain and ideal for pet owners with a focus on sustainability.

What Are the Emerging Segments in the Pet Toys Market?
The pet toysmarket 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

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Who Are the Global Leaders in the Pet Toys Market?
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

Which are the Top Profitable Regional Markets for the Pet Toys Industry?
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.

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