Product ID: SQMIG25K2025
Global Stuffed Animals And Plush Toys Market Size, Share, Growth Analysis, By Product(Stuffed animal, cartoon toy), By Distribution Channel(Online, offline) - Industry Forecast 2024-2031
Report ID:
SQMIG25K2025 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
63 |
Figures:
75
Global Stuffed Animals And Plush Toys Market Insights
Global Stuffed Animals And Plush Toys Market size was valued at USD 10.09 billion in 2019 and is poised to grow from USD 10.26 billion in 2023 to USD 14.29 billion by 2031, growing at a CAGR of 3.3% in the forecast period (2024-2031).
Popularity of numerous animated series and action films significantly contributes to the increase in demand for stuffed animals and plush toys. Additionally,the market is growing for personalized plush toys globally compels manufacturers to concentrate more on product innovation. It is anticipated that further product advancements, such as toys with cutting-edge technologies like GPS trackers and sensors, would help to drive up product demand. The functionality of the product will be further optimized through technological innovation and progress, increasing its use in downstream applications.
Manufacturers are introducing their new product during occasions and seasons, which are the peak times for sales throughout the world, such as Christmas, carnival fest, and another regional occasion, as electric and LED supportive plush toys have become increasingly popular in recent years.
A positive increase has been observed in demand for themed plush toys and electric dolls. Trade disputes between the US and China have affected plush toy manufacturers who rely on China as a manufacturing site, but businesses have started to increase their investment in developing countries like Indonesia and Vietnam. The idea is to make investments in these nations to get a competitive edge in manufacturing costs.
US Stuffed Animals And Plush Toys Market is poised to grow at a sustainable CAGR for the next forecast year.
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Global Stuffed Animals And Plush Toys Market Segmental Analysis
The global stuffed animals and plush toys market is subdivided into three categories namely, product, distribution channel, and region. Based on product, the market is segmented into stuffed animal, cartoon toy, action figures, and others. Based on distribution channel, the market is sub-divided into online and offline distribution channel. On the basis of region, the market is divided into North America, Asia Pacific, Europe and MEA.
Stuffed Animals and Plush Toys Market Analysis by Product
In 2022, the stuffed animals segment remains the leader with a share of more than 47%. Over the forecast period, the segment is expected to continue to grow at a constant CAGR. Over the projected period, the cartoon toy product segment is expected to grow at the quickest rate, with a CAGR of 7.62%. It is predicted that rising popularity of various cartoon series will fuel demand for these toys and support category expansion.
Stuffed Animals and Plush Toys Market Analysis by Distribution Channel
The offline segment brought in USD 6.89 billion in revenue in 2022. Gift shops, toy stores, hypermarkets, specialised shops, etc. are examples of offline distribution channels. The primary growth-promoting factor for the segment is the large variety of products that are offered in these stores. Additionally, these retailers' numerous promotions and special deals on name-brand goods and store helpers will accelerate segment growth.
At a CAGR of 9% from 2023 to 2030, the market's fastest-growing sector is anticipated to be the online channel. The major drivers of product sales through online platforms include the rapidly growing e-commerce sector, particularly in emerging nations, and the rising number of internet and smartphone users. Additionally, these platforms offer home delivery and a variety of payment methods, including Cash on Deliver (COD), which will help the market grow. Online channels also provide service around-the-clock.
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Global Stuffed Animals And Plush Toys Market Regional Insights
Due to the high demand for various kinds of stuffed and plush toys, particularly in the United States and Canada, North America now owns the greatest market share in the global business. Additionally, it is anticipated that demand for soft toys produced to order would fuel the regional market even more. Over the forecast period, Asia Pacific is anticipated to have the quickest CAGR of more than 6%. The increased demand for stuffed animal products in nations like China, Japan, and India is responsible for this growth. The demand for the product will be further boosted by rising disposable income levels and higher living conditions in these nations.
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Global Stuffed Animals And Plush Toys Market Dynamics
Stuffed Animals and Plush Toys Market Drivers
Innovative products to drive market demand in the forthcoming years
- Manufacturers are investing in the creation of stuffed popular cartoon characters as a result of the growing popularity of animated shows among kids. Another thing encouraging businesses to develop product innovations is the growing desire for soft toys with customizable capabilities. The installation of sensors, GPS trackers, and other devices is rapidly becoming popular with the target market. These advancements have made it possible for parents and guardians to watch over their kids even when they aren't around. In the years to come, factors like these are anticipated to significantly boost market revenue and spur the need for these items.
- Additionally, stuffed or plush toys are utilized to treat individuals with neurological conditions including dementia and Alzheimer's condition. These goods give the patients a sense of security and joy, which improves their chances of healing. The growth of stuffed animals and plush toys market is anticipated to be highly influenced by these variables
Stuffed Animals and Plush Toys Market Restraints
Improper waste disposal techniques to create market challenges
- Stuffed and plush toys have several limitations and drawbacks that may have a negative effect on consumer desire. Manufacturing facilities may release hazardous wastewater and other forms of pollutants as a result of the production of plush toys.
- Water must be used in enormous quantities for producing textiles for soft toys. This water may become contaminated throughout the textile procedure, and its reuse and clean-up might be challenging. Plastic derived from crude oil is needed to make soft toys, but when it's sourced and used, it can have an adverse effect on both the environment and people's health.
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Global Stuffed Animals And Plush Toys Market Competitive Landscape
The global stuffed animals and plush toys market is highly fragmented. Less than 49% of the market was held by the top 10 players in 2022. The top competitors are making investments to diversify their product lines. According to our survey, manufacturers are concentrating their efforts on the incorporation of innovative themes and trademarked titles. Companies like Mattel Inc. and Hasbro Inc. have been entering into collaborations or arrangements for the addition of unique concepts and trademarked titles. Other producers of stuffed animals and plush toys have used similar tactics.
Top Players in the Global Stuffed Animal and Plush Toys Market
- Build-A-Bear Workshop
- Ty Beanie Babies
- Disney Store
- Jellycat
- GUND
- Melissa & Doug
- FAO Schwarz
- Steiff
- Cuddle Barn
- Aurora World
- Squishmallows
- Pusheen
- Sanrio
- Douglas Cuddle Toys
- Folkmanis Puppets
- Wild Republic
- Hansa
- Manhattan Toy
- Russ Berrie
- Vermont Teddy Bear Company.
Stuffed Animals and Plush Toys Market Recent Developments
- In 2019, Mattel, Inc. and Sanrio Co., Ltd. signed into a global license deal for Hello Kitty and associated branded labels. Along with other Sanrio characters, Mattel will create dolls, play sets, stuffed animals, and plush toys that are inspired by these brands.
- The licensing agreement Mattel, Inc. has with Disney for Pixar Animation Studios was expanded in 2019. Movies including "Onward," "Coco," "Finding Nemo," "Monsters, Inc.," and "The Incredibles" were among the movies included by the licensing agreement.
- For the network's brand-new blockbuster preschool series Top Wing, Hasbro, Inc. partnered with Nickelodeon in 2018. The launch was primarily conducted in the United States, and the international launch took place in 2019.
Global Stuffed Animals And Plush Toys Key Market Trends
- Innovative Products: Product innovation for use of superior quality material is adding a new dimension to the growth of stuffed and plush toys market. Fur-stuffed toys are frequently a breeding ground for bacteria and germs.
- High Demand for Soft Toys: Product manufacturers prefer using fur with fabric that is safe for children to play with. Stuffed toys made of soft cotton fabric are skin-friendly and encourage children to cuddle them while sleeping. Stuffed toys have long been used by children as a companion while playing or sleeping, and sales in the stuffed and plush toys market continue to rise.
Global Stuffed Animals And Plush Toys Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to the global stuffed animals and plush toys market analysis, globally there is a rise in the demand of personalized plush toys compelling manufacturers to concentrate more on product innovation. By product, the stuffed animal dominates the market. By distribution channel, online channel is going to dominate the market during the forecast period and geographically North America has the largest market share. Growing population and investment in research and development will further aids in increasing the demand in the global stuffed animals and plush toys market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 10.09 billion |
| Market size value in 2031 | USD 14.29 billion |
| Growth Rate | 3.3% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Stuffed Animals And Plush Toys Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Stuffed Animals And Plush Toys Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Stuffed Animals And Plush Toys Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Stuffed Animals And Plush Toys Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Stuffed Animals And Plush Toys Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Stuffed Animals And Plush Toys Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Stuffed Animals And Plush Toys Market Report Snapshots
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