The projected growth of the United States dog toys market indicates an increase from USD 3,083.2 million in 2023 to USD 4,359.2 million by 2033. Over the next decade, from 2023 to 2033, sales of dog toys in the US market are forecasted to rise steadily at a compound annual growth rate (CAGR) of 3.5%.
Factors Shaping the Market Dynamics:
- The increasing pet population throughout the United States is expected to be a significant driver of growth for the dog toys industry over the next decade.
- High expenditure on pets and pet care products is anticipated to create promising growth opportunities for the target market.
- Increasing spending on training and behavioral products is poised to fuel sales in the United States market, reflecting a growing emphasis on pet training and well-being.
- The rising trend of humanization of pets is expected to have a positive impact on dog toy sales in the United States, as pet owners seek to provide their furry companions with products that enhance their quality of life.
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Dog toys can help owners train pets and provide channels for their natural instincts as well as encourage positive behaviour with health benefits for their dogs.
The market is highly competitive, with a large number of brands and manufacturers offering a wide range of products. A few of the leading dog toy manufacturers across the United States include COLLAR LLC, Ethical Products Inc., West Paw Inc., and others.
Key Takeaways from this Market:
- The United States dog toys industry is estimated to reach US$ 3,083.2 million in 2023.
- From 2023 to 2033, dog toy sales in the United States market are set to thrive at around 3.5% CAGR.
- By 2033, the United States market size is expected to reach US$ 4,359.2 million by 2033.
- By product type, floating toys segment is expected to rise at 5.6% CAGR during the projection period.
- By sales channel, the modern trade segment holds a share of 26.9% in the market while the online retailers segment is expected to thrive at a higher CAGR of 7.3% through 2033.
- The West region dog toys market is likely to expand at a CAGR of ~4.4% during the assessment period.
“Dogs are considered as family members which leads to a rise in the humanization of dogs. As pet owners are willing to invest in high-quality and premium products that enhance their dogs’ comfort, health, and overall well-being, sales of dog toys are likely to rise at a steady pace across the United States during the next ten years. To gain profits, companies are expanding their product portfolios by introducing new dog toys,” – says an analyst at FMI.
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Who is Winning?
A few of the leading dog toy manufacturers listed in the report include
- American Dog
- COLLAR LLC
- Doskocil Manufacturing Company Inc.
- Ethical Products Inc.
- Goughnuts Inc.
- Hagen Inc.
- Penn-Plax Inc.
- Radio Systems Corporation
- Unicharm Corporation
- West Paw Inc.
- Others (as requested)
These key companies are continuously innovating for developing novel pet toys. They are also focusing on reducing product prices and strengthening their distribution networks. Further, various players are implementing strategies such as mergers, agreements, partnerships, collaborations, etc. to gain a competitive edge in the market.
Recent developments:
In 2022, new dog toys were launched by Huxley & Kent, a prominent leader in pet toys and accessories.
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Get More Valuable Insights:
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the United States dog toys market, presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study divulges compelling insights on the United States dog toys industry based on product category (training toys, health toys, grooming toys, and others), product type (chew toys, rope toys, squeak toys, interactive toys, ball toys, plush toys, squeaky toys, tug toys, floating toys, and others), material (fabric, plastic, rubber, wood, and others), age group (puppies, adult dogs, and senior dogs), and sales channel (modern trade, convenience stores, pet specialty stores, multi-brand stores, online retailers, and other sales channel).
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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 ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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