As per a recent study by Fact.MR, interactive dog toys potential is anticipated to sign a highly moderate growth over the forecast period of 2021-2031. Sales of dog toys are anticipated to behold mediocre increment over the short term and expected to gain huge traction over the long run. Huge demand from western countries is all set to gain attention and push the growth further to be flourished with optimum fruitful upshot. The growing adoption rate of pets is all set to make actors spend a colossal amount on the expansion of their businesses which indeed reinforces the sales to be garnered with a whopping CAGR of 5% over the forecast period.
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What is Driving the Demand for Interactive Dog Toys?
Adoption of pets being the foremost hustle factor driving the sales, increasing spending on dog accessories and much other auxiliary stuff is likely to couple and produce immense thrust. Millennials being the highest potential customers and lucrative opportunity, the amount of spending from enthusiastic pet owners makes it to top the list of the driving factors owing to their inclination towards spending huge expenditure on pet comforting devices.
Increasing awareness among pet owners to provide their dogs with a little physical exercise, the demand for dog toys is likely to face a never-before rise. The rising voice of Animal Rights Organizations to provide pet animals with proper health and mental stimulation is expected to bolster the sales and push the demand leaving the market on a highly positive note.
The US and Canada Interactive Dog Toys Market Outlook
US remains to be on top of the chart in the interactive dog toys market. The US is expected to drift on a surging curve throughout the forecast period owing to the high pet dog population and annual spending. It is expected to remain calm for the next year and is expected to gain propulsion over the long run owing to the crisis it is facing in these hard times.
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Who are the Key Actors present in Interactive dog toys Market?
Some of the key manufacturers and suppliers in the supply value chain of interactive dog toys include
- Kong
- Bark
- West paw Design
- PetSafe
- MULTIPET INTERNATIONAL
- Ethical Products
- Petstages
- Nerf
- Petlove
- PrideBites
- Duraforce
- Tuffy’s
- Hasbro
- Hyper Pet
- Chuckit
- Jolly Pet
- others.
Key Segments
By Type
- Chew
- Squeaky
- Treat Dispenser
- Plush
- Fetch
- Tug
- Others
By Material
- Fabric
- Plastics
- Wood
- Rubber
- Other
By Sales Channel
- Online
- Direct to Consumer
- Third Party Online
- Offline
- Supermarket
- Specialty Stores
- Pet Care Stores
- Others
By Region
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Germany
- France
- Spain
- UK
- Italy
- BENELUX
- Russia
- Rest of Europe
- East Asia
- China
- Japan
- South Korea
- South Asia & Oceania
- India
- Thailand
- Malaysia
- Indonesia
- Australia
- New Zealand
- Rest of South Asia & Oceania
- Middle East and Africa
- GCC Countries
- South Africa
- Turkey
- Rest of Middle East and Africa
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