The global pet toys market is valued at US$ 11.60 billion in 2026 and is projected to reach US$ 22.61 billion by 2033, growing at a CAGR of 10.0%.
Market growth is driven by increasing demand for safety-certified pet toys, rising pet insurance adoption, and greater focus on pet health and enrichment.
The Dog segment leads with a 67.8% market share due to higher activity needs and greater spending on toys compared to other pet types.
North America dominates with a 38.7% market share, supported by high pet ownership rates and a well-established specialty pet retail network.
Smart and connected pet toys present the largest growth opportunity due to rising consumer demand for interactive and technology-enabled pet products.