The North America Pet Toys Market would witness market growth of 7.2% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 1,13,613.98 thousand units, showcasing a growth of 14.5% (2020-2023).
Stuffed toys hold a significant presence in the pet toys market, offering a classic and comforting option for pets of all sizes and breeds. These toys often resemble animals, characters, or objects and are typically made from soft, plush materials that mimic the texture of fur, making them appealing for pets to cuddle and carry around. Therefore, the US market utilized 46,185.09 thousand units of stuffed toys segment in 2023.
The US market dominated the North America Pet Toys Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4,020.1 million by 2031. The Canada market is experiencing a CAGR of 9.6% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 8.7% during (2024 - 2031).
The market is a vibrant and dynamic sector within the broader pet care industry, catering to pet owners’ diverse needs and preferences. As beloved family members, pets bring joy, companionship, and enrichment to millions of households, driving demand for a wide range of toys designed to entertain, stimulate, and engage animals of all shapes and sizes.
In recent years, there has been a notable cultural shift towards viewing pets as valued companions and integral members of the family. This shift has increased spending on pet products to provide their furry friends with the best possible care and enrichment experiences. Moreover, consumers are increasingly willing to invest in high-quality, premium toys with superior durability, functionality, and design aesthetics.
Canada has experienced a steady increase in pet ownership, with a growing number of households welcoming pets into their homes. There is a growing emphasis on pet health and wellness in Canada, with pet owners seeking products and services that support their pets’ physical, mental, and emotional well-being. As per the Government of Canada, the pet population in Canada increased from 27.5 million pets in 2016 to 27.9 million in 2020. The number of pets is expected to grow from 28,1 million in 2021 to 28,5 million in 2025. Thus, the rising pet numbers in North America will assist in the growth of the regional market.
Free Valuable Insights: The 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 U.S., Mexico, Canada, and Rest of North America.
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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