The Asia Pacific Pet Toys Market would witness market growth of 8.3% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 1,18,082.05 thousand units, showcasing a growth of 15.5% (2020-2023).
Offline channels remain a significant part of the pet toys market, offering pet owners a tactile shopping experience and immediate access to products. Brick-and-mortar pet stores provide a hands-on shopping experience, allowing customers to interact with toys before making a purchase decision. Therefore, the China market utilized 22,504.54 thousand units of Pet Toys through offline channels in 2023.
The China market dominated the Asia Pacific Pet Toys Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,023.7 million by 2031. The Japan market is registering a CAGR of 7.6% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 9% during (2024 - 2031).
Advancements in technology have paved the way for innovative toys equipped with interactive features, motion sensors, and remote-control capabilities. Smart toys, such as automated laser pointers, robotic fetch machines, and app-controlled gadgets, offer novel ways to entertain and engage pets while providing convenience and entertainment for owners. Smart toys leverage interactive features to engage pets in stimulating and entertaining play experiences.
Built-in sensors, lights, sounds, and motion-activated responses mimic natural prey behaviors, encouraging pets to chase, pounce, and interact with the toys, promoting physical activity and mental stimulation. Moreover, pet toy manufacturers are experimenting with novel materials. Cork’s natural resilience and elasticity make it suitable for chewing, fetching, and interactive play, satisfying pets’ instinctual behaviors and promoting dental health.
Australian pet owners increasingly view their pets as family members and prioritize their well-being and happiness. This humanization of pets translates into higher spending on pet care products, including toys, as owners seek to provide enrichment, entertainment, and companionship for their furry companions. According to data from the Government of Australia, 58% of Victorian adults owned a pet in 2023, and an estimated 1.4 million Victorian households had a pet. Therefore, the proliferation of e-commerce platforms and increasing pet numbers in Asia Pacific will boost the demand for toys in the region.
Free Valuable Insights: The Global Pet Toys Market is Predict to reach USD 15 Billion by 2031, at a CAGR of 7.7%
Based on Distribution Channel, the market is segmented into Offline, and Online. Based on Type, the market is segmented into Stuffed Toys, Chew Toys, Chase & Fetch Toys, Interactive & Self-Play Toys, and Others. Based on Pet, the market is segmented into Dog, Cat, Bird, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Distribution Channel (Volume, Thousand Units, USD Billion, 2020-2031)
By Type (Volume, Thousand Units, USD Billion, 2020-2031)
By Pet (Volume, Thousand Units, USD Billion, 2020-2031)
By Country (Volume, Thousand Units, USD Billion, 2020-2031)
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