by The bird toys market has witnessed substantial growth in the last few years owing to the increasing adoption of pet birds globally. Bird toys provide entertainment, mental stimulation, and encourage natural behaviors in birds. They help in reducing stress in pet birds by keeping them engaged. The variety of bird toys available in the market includes foraging toys, swings, perches, ropes, balls, mirrors, and shredding toys made from natural materials like wood, rattan, cotton, and hemp which benefit birds. The increasing humanization of pets has led to rising spending on pet accessories including bird toys which ensure the health and happiness of pet birds.
The Global Bird Toys Market Size Is Estimated To Be Valued At US$ 1.29 Bn In 2024 And Is Expected To Exhibit A CAGR Of 7.6% Over The Forecast Period 2024-2031.
Key Takeaways
Key players operating in the bird toys market are Petsmart, Petco, Petedge, Paradise Pet, Cardinal Gates, Prevue Pet, Hagen, Caitec, Super Bird Creations, And The Bird Toy Company. These key players are focusing on offering a wide range of innovative and trending bird toys made from natural, non-toxic, and durable materials.
Growing demand in the market is attributed to rising humanization of pet birds and increasing spending on bird accessories to ensure the mental and physical stimulation for pet birds. Especially the eco-friendly bird toys made from biodegradable materials are gaining traction among conscious bird owners.
Global expansion of the bird toys market players has also contributed to the market growth. Many players are entering untapped emerging markets of Asia Pacific and Latin America through online retail platforms to tap the potential of evolving pet bird owners in these regions.
Market Key Trends
The emerging trend of customized bird toys is gaining momentum in the market. Players are offering DIY bird toy kits that allow owners to make toys tailored to their bird’s size, personality, and interests. These trending bird toys encourage natural foraging behaviors in pet birds and help in enhancing the bird-owner bonding experience.
Porter’s Analysis
Threat Of New Entrants: Low barrier to entry as bird toy industry requires low initial capital investment. However established players have economy of scale advantages.
Bargaining Power Of Buyers: Buyers have moderate bargaining power as there are many manufacturers and retailers. However branded products attract loyal customers.
Bargaining Power Of Suppliers: Suppliers of raw materials like plastic, wood have low bargaining power due to availability of substitute materials. Suppliers of specialized accessories have some bargaining power.
Threat Of New Substitutes: Threat of substitution is low as bird toys offer entertainment tailored for pet birds. However, bird owners may substitute with other play items occasionally.
Competitive Rivalry: Intense competition among major players to capture market share through new product offerings, pricing and partnerships with retailers. Small firms compete based on niche products and ecommerce channels.
Geographical Regions Of Value Concentration: North America accounts for the largest share currently due to high pet bird ownership particularly in United States. Asia Pacific is another major market led by China, Japan and India.
Fastest Growing Region: Asia Pacific region is forecast to witness fastest CAGR during the forecast period owing to rising adoption of pet birds, increasing disposable incomes and expanding retail infrastructure in emerging nations. Social media marketing is further fueling the product awareness and trials in the region.
What are the key data covered in this Bird Toys Market report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Bird Toys Market’s growth between 2024 and 2031.
:- Accurate calculation of the size of the Bird Toys Market and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behavior
:- Bird Toys Market Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Bird Toys Market vendors
FAQ’s
Q.1 What are the main factors influencing the Bird Toys market?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Bird Toys Market companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Bird Toys market’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
*Note:
- Source: CoherentMI, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
