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With the popularization of pet culture and the deepening of pet-raising concepts, the pet toy decorations market is booming. According to a report by the China Research Institute of Industry, the scale of China's pet products market will reach 38.703 billion yuan in 2023, of which pet toys, as a core category, are expected to exceed 42 billion yuan in 2025 driven by the dual drive of the growth in the number of pets and consumption upgrades. This trend has brought huge market opportunities for pet toy decorations suppliers.
(I) Acceleration of integration of intelligence and technology
Intelligence has become an important development direction for pet toy decorations. In 2025, the penetration rate of smart pet toys is expected to reach 25%.
(II) Continuous explosion of market segments
Young pet market: The demand for educational toys for pets aged 3-12 months has surged, such as maze leak feeders and other products, with a repurchase rate of up to 45%.
Elderly pet care: The market share of low-noise, soft toys has increased by more than 30% annually, and buoyancy toys for joint problems of elderly dogs have become a new market blue ocean.
The rise of the exotic pet economy: the market size of exotic pet toys such as hamsters and birds has exceeded 500 million yuan, and the monthly sales of parrot puzzle rope-untying toys launched by a certain brand have exceeded 20,000 pieces.
(III) The rise of sustainability and green consumption
The popularization of environmentally friendly materials has become an important trend in the pet toy decoration industry. The EU's "Pet Toy Environmental Standard" has promoted the upgrading of Chinese export companies, and the proportion of toys using FSC-certified wood will increase to 20% in 2025. In addition, the circular economy model has also gradually emerged. The "Toy Recycling Program" launched by a certain brand allows users to exchange old toys for discounts on new products, and the reuse rate of recycled materials has reached 85%.
(I) Advantages
Flexibility and innovation: Suppliers can quickly adjust product design and production plans according to market demand, and can better meet consumers' demand for personalized and customized products.
Cost control: By establishing long-term cooperative relationships with suppliers, companies can achieve cost control in the process of raw material procurement and production, and improve the competitiveness of products.
Market insights: Suppliers usually cooperate with multiple brands and can obtain more extensive market information, so as to better grasp market trends.
(II) Challenges
Fierce competition: As the pet toy and decoration market continues to expand, more and more companies are entering this field, and competition is becoming increasingly fierce. Companies need to continuously improve their design and production capabilities to maintain their competitive advantage.
Quality control: Consumers have higher and higher quality requirements for pet toy decorations, and companies need to strengthen quality control to ensure the safety and durability of their products.
Environmental protection requirements: As environmental awareness increases, consumers have higher and higher requirements for environmentally friendly materials and sustainable production. Companies need to use environmentally friendly materials in the production process and reduce waste emissions to meet market demand.
(I) Growth in emerging markets
The Southeast Asian market has become the fastest growing region in the world due to the high enthusiasm of young people to keep pets. The market size is expected to reach US$25 billion in 2030. Suppliers can seize this growth opportunity by expanding overseas markets.
(II) Omni-channel integration and experience upgrade
The rise of the O2O2O model has brought new opportunities for suppliers. Users make appointments online, offline experience stores provide toy adaptation tests, and data is synchronized to the APP to generate personalized recommendation plans. This model not only improves consumers' shopping experience, but also provides suppliers with more accurate market data.
(III) Application of environmentally friendly materials
The world pays more attention to sustainable development, and biodegradable materials (such as corn starch-based and natural plant fibers) are increasingly used in pet products. Suppliers can improve the competitiveness of their products and meet consumers' demand for environmentally friendly products by adopting environmentally friendly materials.
The pet toy and decoration market shows a trend of intelligentization, segmentation and sustainability. Suppliers can better meet consumers' demand for personalized and customized products through flexible design and production capabilities, cost control and market insights. However, in the face of fierce market competition and increasing quality and environmental protection requirements, suppliers need to continuously improve their design and production capabilities to maintain their competitive advantage. With the further spread of pet culture, the pet toy and decoration market will show a more diversified and personalized development trend in the future.