The global stuffed animal & plush toys market size is expected to reach USD 13.3

Posted by Nicky Arora on April 5th, 2021

The global stuffed animal & plush toys market size is expected to reach USD 13.34 billion by 2025 registering a CAGR of 7.61%, according to a new report by Grand View Research, Inc. Growing target population across the globe is expected to be the major factor driving the growth of this market. Moreover, high impact of various cartoon shows and action movies plays a key role in boosting the demand for stuffed and plush toys. In addition, collaborations among key companies and constant product innovations are expected to have a positive impact on the growth of this market.

For instance, Reliance Retail acquired one of the world’s largest toy store, Hamleys, to expand its geographical reach. Manufacturers are focusing on innovation and development to offer products equipped with advanced features, such as GPS trackers and sensors. North America is anticipated to be the largest regional stuffed & plush toys market by 2025 due to increasing sales of custom-made toys, such as action figures and cartoon toys. On the other hand, Asia Pacific is estimated to register the fastest CAGR over the forecast period. The offline distribution channel segment is expected to account for the largest market share by 2025.

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Further key findings from the study suggest:

• In terms of revenue, cartoon toy products segment is projected to ascend at the fastest CAGR of 9.32% over the forecast period
• The offline distribution channel segment dominated the global stuffed animal & plush toys market with an overall share of 86.33% in the year 2018
• North America was the dominant regional market in 2018 and is projected expand further at a steady CAGR over the next few years
• Mattel, Inc.; Bandai Namco Group; LEGO A/S; Hasbro, Inc.; Simba Dickie Group; Spin Master Ltd.; and Budsies LLC are some of the key companies in this market

Grand View Research has segmented the global stuffed animal & plush toys market on the basis of product, distribution channel, and region:

Stuffed Animal & Plush Toys Product Outlook (Revenue, USD Billion, 2015 - 2025)

• Stuffed Animals
• Cartoon Toys
• Action Figures
• Others

Stuffed Animal & Plush Toys Distribution Channel Outlook (Revenue, USD Billion, 2015 - 2025)

• Online
• Offline