Sales of cat toys market are expected to grow to US$ 1,015.1 million in 2023. FMI predicts it to rise at a CAGR of 6.1% during this forecast period and reach nearly US$ 1,840 million by 2033 end.
Pet ownership has increased significantly over the world, with cats being among the most popular pet animals. The demand for cat toys is increasing significantly in recent years, reflecting the rising desire for entertaining and interactive toys for pet cats. Such toys are also crucial for offering enrichment, exercise, and mental stimulation, enhancing general well-being, and minimizing behavioral concerns.
Customer behavior has changed in recent years and they are actively looking for a range of cat toys that appeal to various play preferences. Interactive toys, puzzle toys, and toys that replicate real prey are some of the highest-selling categories in this market. In addition to this, the sales of cat toys are also surging through the expanding reach of e-commerce platforms or online retail stores.
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Emerging trends in this market have been significantly influenced by improvements in cat toy design and technology adopted by many manufacturers. A broad variety of cutting-edge and engaging cat toys are readily available, which has stoked pet owners’ enthusiasm and accelerated industry growth.
Key Takeaways from the Cat Toys Market Study Report
- The overall market share in the United States was figured out to be 15.5% in 2022.
- With rising pet ownership, the demand for cat toys in the United Kingdom has seen tremendous expansion in recent years. Over the forecast years, the market in the United Kingdom is anticipated to witness a yearly growth rate of 5.5%.
- Owing to a strong base of small-scale industries, the production of cat toys in China is expected to progress at 8.5% through 2033.
Competitive Landscape for the Cat Toys Market Players
Leading manufacturers are concentrating on product variety, using sustainable materials, and meeting the unique requirements of various cat breeds and age groups in the market.
New toy designs are continually being developed by manufacturers that appeal to cats’ innate inclinations and provide special characteristics. It has also led to fragmentation of the market and fair competition among players to dominate the marketplace by diversifying their product lines.
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Many individuals are now interested in buying toys for pets as a result of digital media advertising and the aesthetically appealing character of cat toys. So new players trying to enter the market have to strengthen their presence on social media sites and promote the uniqueness of their products.
Recent Developments by the Cat Toys Manufacturing Industries
- In March 2023, the Honest Company debuted a new collection of eco-friendly cat toys using organic cotton, recyclable cardboard, and non-toxic inks. Additionally, the company also announced to give a percentage of the toy sales revenue to animal shelters.
- In April 2023, PetSmart Company implemented the beginning of its new subscription service for providing its users with a brand-new cat toy each month. The toys are all made to promote play and exercise and are chosen based on the personality and preferences of the cat.
Key Segments Profiled in the Cat Toys Market Survey
By Product Type:
- Cat Ball Toy
- Sponge Ball
- Feeder Ball
- Fuzzy & Furry Ball
- Others
- Interactive Toys
- Plush Toys
- Cat Scratching Toys
- Cardboard
- Sisal
- Carpet
- Wood
- Other Product Types
By Material Type:
- Edible
- Non-Edible
By Distribution Channel:
- Hypermarkets/Supermarkets
- Pet Stores
- Online Retail
By Region:
- North America
- Latin America
- Asia Pacific
- The Middle East and Africa
- Europe
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