Spending Surge: U.S. Pet Toys Market Thrives on Pet Owners' Generosity 2033

The United States asserted its dominance in the Pet Toys Market, holding an impressive share of 88.2%. The country’s pet ownership is experiencing rapid growth, with approximately 70% of households reported to own a pet, as stated by the American Pet Products Association. Among these, dogs have a more prominent presence than cats.

Pet owners in the United States are deeply committed to their furry companions, and they spare no expense when it comes to providing both luxuries and necessities for their pets.

The country’s pet spending witnessed a remarkable surge of 10% in 2017, compared to the previous year. This substantial increase in pet-related expenditure has been a significant driving force behind the market’s growth in the United States. The willingness of pet owners to invest in their pets’ well-being and happiness has further facilitated the region’s overall growth in the pet toys market.

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The pet toys market is predicted to be worth US$ 2.89 billion in 2023, and rise to US$ 5.90 billion by 2033. Initially, the global market was expanding at a CAGR of 5.2% between 2018 and 2022.

The industry is anticipated to develop due to the rise in pet shops and e-commerce sites. Due to the growing habit of giving pet toys and rising consumer interest in and expenditure on pets, the market has seen tremendous expansion.

The industry is expanding due to the growing popularity of pet toys on social media channels. Social media has been a major factor in this rise, with websites like Instagram and Facebook giving pet owners a place to post pictures of their animals and learn about new items.

Influencers and celebrities have promoted pet products on social media, further raising awareness of pet toys. Moreover, e-commerce platforms have made it simple for pet owners to buy pet toys online, which has aided in the market’s expansion.

Want to know more about our latest market report? Ask our analyst today! https://www.futuremarketinsights.com/ask-question/rep-gb-12550The development of smart toys is projected to be one of the key growth factors impacting the demand for pet toys. As they provide a variety of interactive and entertaining options to keep pets amused, smart toys are becoming popular among pet owners.

Key Takeaways

Key Strategies in the Industry

Key players in the pet toys sector include Central Garden & Pet Company, Cosmic Pet, ZippyPaws, Radio Systems Corporation, Multipet, Kyjen Company LLC, KONG Company, and others.

In order to get an advantage over other companies in the market, these players are concentrating on product innovation and strategic alliances.

For instance,

Players in the pet toy sector are also spending money on advertising initiatives to raise their brand awareness and draw in new clients. Also, it is now simpler for pet owners to buy pet toys due to the availability of pet toys on online shopping platforms like Amazon.

Pet Toys Market by Category

By Product Type:

By Pet Type:

By Material Type:

By Type:

By Size:

By Price Range:

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More on the Report

FMI provides in-depth insights on the pet toys market. The market is segmented in terms of product type (plush toys, rope and tug toys, balls, chew toys, squeaky toys, interactive toys, and others), pet type (dogs, cats, birds, and others), material type (rubber, cotton, nylon, plastic, and others), type (non-edible and edible), size (small, medium, and large), price range (economy, mid-range, and premium), and sales channel (wholesalers/distributors, hypermarkets/supermarkets, convenience stores, multi-brand stores, online retailers, and pet specialty stores), across seven regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa).

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