Exploring Ferret Toys Market Potential: Size and Share Revenue Surpasses USD 2600 Million by 2030, At 6.5% CAGR

[208 + Pages Research Study] According to a market research study published by Zion Market Research, the demand analysis of Global Ferret Toys Market size & share revenue was valued at around USD 1600 million in 2022 and is estimated to grow about USD 2600 million by 2030, at a CAGR of approximately 6.5% between 2023 and 2030. The key market players are listed in the report with their sales, revenues and strategies are WARE and Kaytee, Funny Fur Inc., Ferret Nation, The Kong Company, Marshall Pet, SPOT, Superpet Ltd, Niteangel Pet., Marshall Pet Zone, MidWest Homes for Pets, Jolly Pets, Nylabone, Coastal Pet Products, McCann Pet Group, Doskocil Manufacturing Company Inc., dba Petmate, FLUFF & TUFF INC., Benebone LLC, Petsport USA Inc. and WEST PAW DESIGN among others.

New York, NY, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Ferret Toys Market By Type (Plush Toys, Rope And Tug Toys, Balls, Chew Toys, Squeaky Toys, Interactive Toys, And Others), By Material (Rubber, Cotton, Nylon, Plastic, And Others), By Size (Small, Medium And Large), By Sales Channel (Modern Trade Channels, Online Channel, Animal Pharmacy, And Others) And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.

“According to the latest research study, the demand of global Ferret Toys Market size & share in terms of revenue was valued at USD 1600 million in 2022 and it is expected to surpass around USD 2600 million mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 6.5% during the forecast period 2023 to 2030.”

What are Ferret Toys? How big is the Ferret Toys Industry?

Ferret Toys Report Coverage & Overview:

The ferret (Mustela furo), a diminutive domesticated creature belonging to the Mustelidae family, shares a strong interfertility with the wild European polecat (Mustela putorius), suggesting the latter to be a domesticated variant of the former. Resembling other members of the mustelid family, ferrets possess elongated, slender bodies. Typically measuring around 50 cm (20 inches) in total length, including their tail, and weighing between 0.7 to 2.0 kg (1.5 to 4.4 lb), ferrets display fur that can exhibit various combinations of black, brown, and white hues.

A distinct sexual dimorphism is evident in the species, with males significantly larger than females. Ferret toys, specially designed objects or games, play a crucial role in entertaining, mentally engaging, and providing physical exertion for pet ferrets. These highly active and curious creatures require consistent stimulation to prevent boredom and enhance their overall well-being. Ferret toys come in diverse forms, sizes, and materials, catering to the unique preferences and inclinations of these charming animals.

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Global Ferret Toys Market: Growth Factors/Dynamics

The expansion of the industry is driven by the rising popularity of pet ownership.

Toys specifically designed for ferrets are in great demand due to the growing interest in keeping pets overall, which includes less conventional species such as ferrets. A growing number of people are looking for activities that will entertain and enrich their companion ferrets. According to the 2021–2022 National Pet Owners Survey conducted by the American Pet Products Association (APPA), around 90.5 million families in the United States, which accounts for 70% of all households, have pets. This represents an increase from 67 percent in 2019 and 56 percent of American houses in 1988, which was the first year that the study was carried out. As a result, the aforementioned facts are the primary drivers of market expansion during the aforementioned time period.

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Report Scope

Report Attribute

Details

Market Size in 2022

USD 1600 million

Projected Market Size in 2030

USD 2600 million

CAGR Growth Rate

6.5% CAGR

Base Year

2022

Forecast Years

2023-2030

Key Market Players

WARE and Kaytee, Funny Fur Inc., Ferret Nation, The Kong Company, Marshall Pet, SPOT, Superpet Ltd, Niteangel Pet., Marshall Pet Zone, MidWest Homes for Pets, Jolly Pets, Nylabone, Coastal Pet Products, McCann Pet Group, Doskocil Manufacturing Company Inc., dba Petmate, FLUFF & TUFF INC., Benebone LLC, Petsport USA Inc. and WEST PAW DESIGN among others.

Key Segment

By Type, By Material, By Size, By Sales Channel, and By Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa

Purchase Options

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Ferret Toys Market: Segmentation Analysis

The global Ferret Toys industry is segmented based on type, material, size, sales channel, and region.

Based on the type, The plush toy market, the rope and tug toy market, the ball market, the chew toy market, the squeaky toy market, the interactive toy market, and other markets make up the global market.

Based on the material, The market for ferret toys can be broken down into several subcategories, including rubber, cotton, nylon, plastic, and others. Over the course of the projected period, it is anticipated that the rubber sector will have the majority share of the market. Rubber is a common component in the construction of toys for animals because of its ability to last.

Toys made of rubber can withstand the sharp teeth and claws of ferrets for longer before showing signs of wear and tear. This makes rubber ferret toys more durable than other types. Durability is of the utmost importance given that ferrets are notorious for their high-energy play and tendency for chewing on various objects.

In addition, rubber toys are typically very easy to clean and disinfect, which is vital for maintaining a clean environment for ferrets. Frequent cleaning can assist in preventing the buildup of grime and bacteria on rubber toys. As a result, it is anticipated that this will propel the segment's expansion.

Based on the size, the market is segmented into small, medium, and large.

Based on the sales channel, The market for ferret toys can be broken down further into subcategories such as modern trade channels, internet trade channels, and animal pharmacies, amongst others. During the time covered by the projection, it is anticipated that the internet channel sector would experience the highest rate of growth. As the pet care industry has grown, its participants have realised the need for individualised and specialised solutions that satisfy the specific end-use requirements of pet owners.

In response to the growing demand for bespoke pet toys, the leading providers are now making it possible for pet owners to tailor the wants of their pets through the use of their online platforms. By utilising cutting-edge online distribution channels, key players have built a unique brand value and provided customers with a one-of-a-kind experience to differentiate their products. It is projected that the availability of a diverse selection of items supplied by a multitude of companies will fuel the expansion of the market. Additionally, the possibility to compare prices and product characteristics is another element that drives the growth of the segment.

The global Ferret Toys market is segmented as follows:

By Type

Plush Toys

Rope and Tug Toys

Balls

Chew Toys

Squeaky Toys

Interactive Toys

Others

By Material

Rubber

Cotton

Nylon

Plastic

Others

By Size

Small

Medium

Large

By Sales Channel

Modern Trade Channels

Online Channel

Animal Pharmacy

Others

Browse the full “Ferret Toys Market By Type (Plush Toys, Rope And Tug Toys, Balls, Chew Toys, Squeaky Toys, Interactive Toys, And Others), By Material (Rubber, Cotton, Nylon, Plastic, And Others), By Size (Small, Medium And Large), By Sales Channel (Modern Trade Channels, Online Channel, Animal Pharmacy, And Others) And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” Report at https://www.zionmarketresearch.com/report/ferret-toys-market

Competitive Landscape

Some of the main competitors dominating the global Ferret Toys market include -

WARE and Kaytee

Funny Fur Inc.

Ferret Nation

The Kong Company

Marshall Pet

SPOT

Superpet Ltd

Niteangel Pet.

Marshall Pet Zone

MidWest Homes for Pets

Jolly Pets

Nylabone

Coastal Pet Products

McCann Pet Group

Doskocil Manufacturing Company Inc.

dba Petmate

FLUFF & TUFF INC.

Benebone LLC

Petsport USA Inc.

WEST PAW DESIGN

Key Insights from Primary Research:

As per the analysis shared by our research analyst, the global Ferret Toys market is estimated to grow annually at a CAGR of around 6.5% over the forecast period (2023-2030).

In terms of revenue, the global Ferret Toys market size was valued at around USD 1600 million in 2022 and is projected to reach USD 2600 million, by 2030.

The global Ferret Toys market is being driven by growing product innovation and increased pet ownership.

Based on the material, the rubber segment is expected to dominate the market over the forecast period.

Based on the sales channel, the online channel segment is expected to grow at the fastest rate over the forecast period.

Based on region, North America is expected to dominate the market over the forecast period.

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Key questions answered in this report:

What is the market size and growth rate forecast for Ferret Toys industry?

What are the main driving factors propelling the Ferret Toys Market forward?

What are the leading companies in the Ferret Toys Industry?

What segments does the Ferret Toys Market cover?

How can I receive a free copy of the Ferret Toys Market sample report and company profiles?

Key Offerings:

Market Size & Forecast by Revenue | 2023−2030

Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities

Market Segmentation – A detailed analysis By Type, By Material, By Size, By Sales Channel, and By Region

Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Regional Dominance:

Anticipated for dominance throughout the projected timeline, North America is poised to hold a commanding position in the global Ferret toys market. The regional market's ascendancy can be attributed to a multifaceted interplay of factors, including the escalating adoption of pets, a discernible uptick in disposable income across the populace, and a growing awareness of pet well-being. Notably, within this region, the United States emerges as the dominant force, maintaining the largest market share throughout the analytical span.

The United States exhibits a remarkable surge in pet ownership, driven by a mounting number of conscientious pet guardians who spare no effort in ensuring their pets' welfare. This dedication translates into substantial expenditures, encompassing both essentials like nourishment and dietary supplements, as well as indulgent pet amenities such as toys tailored for their ferret companions.

As evidence of this fervor, statistics from the American Ferret Association underscore the US's dedication, revealing an impressive ratio of 501 ferrets per 1,000 individuals and 326 ferrets per 1,000 households. This phenomenon translates into a willingness among pet proprietors to allocate resources towards both fundamental requirements and creature comforts for their cherished ferret companions. Consequently, these dynamics collectively serve as potent catalysts propelling the region's robust market expansion.

By Region

North America

U.S.

Canada

Rest of North America

Europe

France

UK

Spain

Germany

Italy

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia

South Africa

Rest of the Middle East & Africa

Latin America

Brazil

Argentina

Rest of Latin America

The Opportunities in the Ferret Toys Market

The increasing number of people who are concerned about the well-being and health of their pets is a lucrative prospect for the expansion of the market.

The increased awareness that people have regarding the wellbeing and health of their pets is anticipated to present a lucrative opportunity for the expansion of the ferret toys business over the course of the forecast year. Pet owners are beginning to place a larger emphasis on the need of caring for their animals' well-being in addition to their overall health.

Toys that provide enrichment and opportunities for play are important components of a healthy way of life for ferrets, and owners may look for such toys. For instance, the annual expenditure on pet toys in the United States itself increased from a total of USD 64 spent during the year 2013-2014 to a total of USD 79 spent during the year 2019-2020, as indicated by the results of the APPA National Pet Owners Surveys. The rise of market revenue is consequently driven by the statistics presented above.

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