Americans love their pets. How much do we love our pets? Well, if the size of the market for toys for pets is any indication, quite a lot. And we spend more on toys each year.
Retail sales for dog and cat toys in the U.S. reached $1 billion in 2016, according to market research firm Packaged Facts. This is an 18% increase from 2011, when Americans spent $849 million on toys for dogs and cats. The toys market for dogs and cats accounts for 28% of the larger durable petcare products market, which also includes items such as beds, kennels, apparel, and leashes.
Dog owners are the biggest spenders, accounting for 69% of the toys sold in 2016. Of course, dogs may wear out or devour toys at a higher rate than cats. There are also a greater number of households that have dogs as pets than cats. There are 60.2 million households with dogs compared with the 47.1 million households with cats.
24/7 Wall St. reviewed the best-selling and top-rated dog toys online in order to determine the best toys for dogs. Whatever type of lovable canine one has at home, there exists a perfect plaything for them.