Sales of the cat toys market are projected to experience substantial growth, with anticipated sales reaching a value of US$ 1,015.1 million by 2023. According to forecasts by FMI, this growth trajectory is expected to continue with a Compound Annual Growth Rate (CAGR) of 6.1% throughout the forecast period, ultimately culminating in a remarkable figure of nearly US$ 1,840 million by the conclusion of 2033.
The global surge in pet ownership has notably included a marked increase in the popularity of cats as beloved companions. This heightened interest in feline companionship has in turn fueled a substantial demand for cat toys. This demand trend has emerged due to a growing desire for toys that offer both entertainment and interaction for pet cats. Beyond mere amusement, these toys play a pivotal role in providing enrichment, exercise, and mental stimulation for cats, thereby contributing to their overall well-being and effectively addressing behavioral concerns.
The shifting behaviors of consumers in recent years have significantly impacted the cat toy market. Today’s customers actively seek out a diverse array of cat toys that cater to a range of play preferences. Notably, categories such as interactive toys, puzzle toys, and toys that emulate real prey have garnered exceptional popularity and have emerged as the top-selling segments within this market.
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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.
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.
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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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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