Pet toy popularity remains high, market size continues to strengthen

1.The pet toy market is developing rapidly, with a global market size of $9 billion by 2023, expected to grow at a compound annual growth rate of 6.7% by 2032. 

2. The North American market leads the global pet toy industry with a market share of 32.5%, followed closely by the Asia Pacific region with a market share of 30.0%. 

3. The material of pet toys is mainly rubber, accounting for 41%, followed by cotton and nylon. 

4. The sales channels for pet toys are mainly online, and it is expected that by 2030, pet toys sold through online channels will grow at a compound annual growth rate of about 6.7%. 

5. Consumers of pet toys are mainly millennials and Generation Z, accounting for 32% and 14% respectively. 
There are various types of pet toys, including chew toys, sound toys, spherical toys, plush toys, etc. Among them, chew toys and sound toys have the highest sales volume. 

6.The development trend of the pet toy market is diversification and personalization, with an increasing demand for high-quality, multifunctional, and personalized pet toys.