The Latin America, Middle East and Africa Pet Toys Market would witness market growth of 10.1% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 39,478.46 thousand units, showcasing a growth of 11.7% (2024-2031).
The online channel has become increasingly popular for purchasing pet toys due to its convenience, extensive product range, and ease of comparison shopping. Pet owners can browse through a wide selection of toys from various brands and retailers without leaving the comfort of their homes, allowing them to find the perfect toys for their furry companions with ease. Therefore, the Brazil market utilized 4,133.71 thousand units of Pet Toys through online channels in 2023.
The Brazil market dominated the LAMEA Pet Toys Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $307.1 million by 2031. The Argentina market is showcasing a CAGR of 11% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 9.7% during (2024 - 2031).
Integrating artificial intelligence (AI) and machine learning technologies is revolutionizing the toys market, enabling the development of sophisticated interactive toys that adapt to pets’ behavior and preferences. AI-powered toys can identify and address specific behavioral needs or challenges pets face, such as anxiety, boredom, or destructive behaviors. By tailoring play experiences to address these needs, helping pets lead happier and healthier lives.
AR technology is leveraged to create immersive and interactive toy experiences for pets and owners. AR-enabled toys overlay digital elements onto the physical, allowing pets to interact with virtual objects and environments through specially designed apps or devices. This versatility allows owners to customize play sessions based on their pets’ interests, abilities, and energy levels, ensuring that each session is engaging and enjoyable.
Brazil has a diverse culture that values companionship and the human-animal bond. Many Brazilians view pets as integral members of their families, leading to increased pet ownership across the country. This rise in pet ownership directly correlates with an increased demand for pet-related products and services, including toys. According to the National Library of Medicine data released in 2021, Brazil had an estimated pet dog population of more than 52 million animals. Thus, the increasing pet numbers and rising e-commerce trends in LAMEA will help in the expansion of the regional market.
Free Valuable Insights: The Worldwide Pet Toys Market is Projected 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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