Global Stuffed Animals and Plush Toys Market

Stuffed Animals And Plush Toys Market Size, Share, Growth Analysis, By Product(Stuffed animal, cartoon toy, action figures, others), By Distribution Channel(Online, offline), By Region - Industry Forecast 2024-2031

Report ID: SQMIG25K2025 | Region: Global | Published Date: July, 2001
Pages: 157 | Tables: 63 | Figures: 75

Stuffed Animals And Plush Toys Market News

  • In 2019, Mattel, Inc. and Sanrio Co., Ltd. signed into a global license deal for Hello Kitty and associated branded labels. Along with other Sanrio characters, Mattel will create dolls, play sets, stuffed animals, and plush toys that are inspired by these brands.
  • The licensing agreement Mattel, Inc. has with Disney for Pixar Animation Studios was expanded in 2019. Movies including "Onward," "Coco," "Finding Nemo," "Monsters, Inc.," and "The Incredibles" were among the movies included by the licensing agreement.
  • For the network's brand-new blockbuster preschool series Top Wing, Hasbro, Inc. partnered with Nickelodeon in 2018. The launch was primarily conducted in the United States, and the international launch took place in 2019.
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Global Stuffed Animals And Plush Toys Market size was valued at USD 10.09 billion in 2019 and is poised to grow from USD 10.26 billion in 2023 to USD 14.29 billion by 2031, growing at a CAGR of 3.3% in the forecast period (2024-2031).

The global stuffed animals and plush toys market is highly fragmented. Less than 49% of the market was held by the top 10 players in 2022. The top competitors are making investments to diversify their product lines. According to our survey, manufacturers are concentrating their efforts on the incorporation of innovative themes and trademarked titles. Companies like Mattel Inc. and Hasbro Inc. have been entering into collaborations or arrangements for the addition of unique concepts and trademarked titles. Other producers of stuffed animals and plush toys have used similar tactics. 'Build-A-Bear Workshop', 'Ty Beanie Babies', 'Disney Store', 'Jellycat', 'GUND', 'Melissa & Doug', 'FAO Schwarz', 'Steiff', 'Cuddle Barn', 'Aurora World', 'Squishmallows', 'Pusheen', 'Sanrio', 'Douglas Cuddle Toys', 'Folkmanis Puppets', 'Wild Republic', 'Hansa', 'Manhattan Toy', 'Russ Berrie', 'Vermont Teddy Bear Company.'

Manufacturers are investing in the creation of stuffed popular cartoon characters as a result of the growing popularity of animated shows among kids. Another thing encouraging businesses to develop product innovations is the growing desire for soft toys with customizable capabilities. The installation of sensors, GPS trackers, and other devices is rapidly becoming popular with the target market. These advancements have made it possible for parents and guardians to watch over their kids even when they aren't around. In the years to come, factors like these are anticipated to significantly boost market revenue and spur the need for these items.

Innovative Products: Product innovation for use of superior quality material is adding a new dimension to the growth of stuffed and plush toys market. Fur-stuffed toys are frequently a breeding ground for bacteria and germs.

Due to the high demand for various kinds of stuffed and plush toys, particularly in the United States and Canada, North America now owns the greatest market share in the global business. Additionally, it is anticipated that demand for soft toys produced to order would fuel the regional market even more. Over the forecast period, Asia Pacific is anticipated to have the quickest CAGR of more than 6%. The increased demand for stuffed animal products in nations like China, Japan, and India is responsible for this growth. The demand for the product will be further boosted by rising disposable income levels and higher living conditions in these nations.

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Global Stuffed Animals and Plush Toys Market

Report ID: SQMIG25K2025

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