NEW YORK, July 31, 2023 /PRNewswire/ -- The stuffed animal plush toys market size is estimated to grow by USD 3,566.08 million from 2022 to 2027, at a CAGR of 6.01% during the forecast period. The market is fragmented due to the presence of diversified international and regional vendors. The growing penetration of social media is notably driving market growth. Influencers utilize popular social media platforms to effectively promote stuffed animals and plush toys to their large number of followers. These influencers create engaging posts and videos, showcasing the features and benefits of their favourite stuffed animals and encouraging their audience to make purchases. Platforms like Instagram and YouTube have given rise to a new generation of influencers with a massive following, making them valuable partners for toy companies to collaborate with. Through unboxing videos, reviews, and demonstrations, influencers generate significant interest in stuffed animals and plush toys among their followers. As social media users continue to increase worldwide, this trend is expected to positively impact the growth of the global stuffed animal plush toys market during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Request sample report
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The soft skills training market report covers the following areas:
- Stuffed Animal Plush Toys Market 2023-2027 Size
- Stuffed Animal Plush Toys Market 2023-2027 Trends
- Stuffed Animal Plush Toys Market 2023-2027 Industry Analysis
Stuffed Animal Plush Toys Market 2023-2027: Vendor Analysis
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Aurora World, BUDSIES Co. LLC, Build A Bear Workshop Inc., Ganz USA LLC, Hallmark Card Inc., Hasbro Inc., LEGO System AS, Mary Meyer Corp., Mattel Inc., Melissa and Doug, MGA Entertainment Inc., NICI GmbH, Reliance Industries Ltd., Sanrio Co. Ltd., Simba Dickie Group GmbH, Spin Master Corp., Steiff Retail GmbH, Takara Tomy Co. Ltd., Teddy Hermann GmbH, and Ty Inc. are among some of the major market participants.
Vendors Offerings
- Aurora World - The company offers stuffed animal plush toys such as Aurora Miyoni sea otter.
- Build A Bear Workshop Inc. - The company offers stuffed animal plush toys such as Budsie turtle stuffed toys.
- Ganz USA LLC - The company offers stuffed animal plush toys such as spring green frogs.
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Stuffed Animal Plush Toys Market 2023-2027: Market Dynamics
Major Trends
The increasing demand for eco-friendly stuffed animals and plush toys is an emerging trend shaping market growth. The surge in demand for eco-friendly stuffed animals and plush toys can be attributed to the rising awareness of the environmental impact caused by traditional toys made from synthetic materials. Consumers now seek safer and more sustainable options for children, leading to the popularity of toys made from natural materials like organic cotton, wool, or bamboo. These eco-friendly toys offer advantages such as enhanced durability, resulting in longer-lasting products compared to traditional plastic toys that often end up in landfills after breaking down easily. As the market responds to this demand, an increasing number of manufacturers are specializing in eco-friendly stuffed animals and plush toys. Consequently, the growing adoption of eco-friendly toys is expected to drive the stuffed animal plush toys market during the forecast period.
Significant Challenges
The growing popularity of E-games and digital games is the major challenge hindering market growth. Over the past decade, video games have experienced a surge in popularity, particularly innovative ones like racing and sports games catering to both kids and adults. With the introduction of virtual and augmented reality, digital games are projected to maintain their growing popularity in the forecast period. The increasing online penetration is likely to boost the volume of mobile games, potentially impacting the sales of stuffed animal plush toys. Global smartphone penetration is estimated to reach nearly 60% in 2020, highlighting the rising preference for digital and electronic games. Consequently, the growing popularity of digital games is expected to hinder the growth of the stuffed animal plush toys market during the forecast period.
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Stuffed Animal Plush Toys Market 2023-2027: Segmentation
The stuffed Animal Plush Toys Market is segmented as below:
- Product
- Cartoon Toys
- Stuffed Animals
- Action Figures
- Distribution Channel
- Offline
- Online
- Geography
- North America
- APAC
- Europe
- South America
- Middle East And Africa
The market share growth by the cartoon toys segment will be significant during the forecast period. The dominance of this segment is driven by the production and sale of soft toys featuring characters from popular cartoons, movies, TV shows, and video games. These plush toys, made from synthetic fibers, are specifically designed to appeal to children. The increasing popularity of various cartoon series like Mickey Mouse and Pokemon has fueled the demand for these toys and significantly contributed to the segment's growth.
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Stuffed Animal Plush Toys Market 2023-2027: Key Highlights
- CAGR of the market during the forecast period 2023-2027
- Detailed information on factors that will assist stuffed animal plush toys market growth during the next five years
- Estimation of the stuffed animal plush toys market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behaviour
- The growth of the stuffed animal plush toys market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of the stuffed animal plush toys market vendors
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Stuffed Animal Plush Toys Market Scope |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.01% |
Market growth 2023-2027 |
USD 3,566.08 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.9 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 33% |
Key countries |
US, China, Japan, Germany, and the UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Aurora World, BUDSIES Co. LLC, Build A Bear Workshop Inc., Ganz USA LLC, Hallmark Card Inc., Hasbro Inc., LEGO System AS, Mary Meyer Corp., Mattel Inc., Melissa and Doug, MGA Entertainment Inc., NICI GmbH, Reliance Industries Ltd., Sanrio Co. Ltd., Simba Dickie Group GmbH, Spin Master Corp., Steiff Retail GmbH, Takara Tomy Co. Ltd., Teddy Hermann GmbH, and Ty Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global stuffed animal plush toys market 2017 - 2021
- Exhibit 18: Historic market size – Data table on global stuffed animal plush toys market 2017 - 2021 ($ million)
- 4.2 Product Segment Analysis 2017 - 2021
- Exhibit 19: Historic market size – Product segment 2017 - 2021 ($ million)
- 4.3 Distribution Channel Segment Analysis 2017 - 2021
- Exhibit 20: Historic market size – Distribution Channel segment 2017 - 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic market size – Geography segment 2017 - 2021 ($ million)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic market Size – Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Product
- 6.1 Market segments
- Exhibit 30: Chart on Product - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
- 6.2 Comparison by Product
- Exhibit 32: Chart on Comparison by Product
- Exhibit 33: Data Table on Comparison by Product
- 6.3 Cartoon toys - Market size and forecast 2022-2027
- Exhibit 34: Chart on Cartoon toys - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Cartoon toys - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Cartoon toys - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Cartoon toys - Year-over-year growth 2022-2027 (%)
- 6.4 Stuffed animals - Market size and forecast 2022-2027
- Exhibit 38: Chart on Stuffed animals - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Stuffed animals - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Stuffed animals - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Stuffed animals - Year-over-year growth 2022-2027 (%)
- 6.5 Action figures - Market size and forecast 2022-2027
- Exhibit 42: Chart on Action figures - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Data Table on Action figures - Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Chart on Action figures - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Action figures - Year-over-year growth 2022-2027 (%)
- 6.6 Market opportunity by Product
- Exhibit 46: Market opportunity by Product ($ million)
- Exhibit 47: Data Table on Market opportunity by Product ($ million)
7 Market Segmentation by Distribution Channel
- 7.1 Market segments
- Exhibit 48: Chart on Distribution Channel - Market share 2022-2027 (%)
- Exhibit 49: Data Table on Distribution Channel - Market share 2022-2027 (%)
- 7.2 Comparison by Distribution Channel
- Exhibit 50: Chart on Comparison by Distribution Channel
- Exhibit 51: Data Table on Comparison by Distribution Channel
- 7.3 Offline - Market size and forecast 2022-2027
- Exhibit 52: Chart on Offline - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
- Exhibit 54: Chart on Offline - Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Offline - Year-over-year growth 2022-2027 (%)
- 7.4 Online - Market size and forecast 2022-2027
- Exhibit 56: Chart on Online - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Data Table on Online - Market size and forecast 2022-2027 ($ million)
- Exhibit 58: Chart on Online - Year-over-year growth 2022-2027 (%)
- Exhibit 59: Data Table on Online - Year-over-year growth 2022-2027 (%)
- 7.5 Market opportunity by Distribution Channel
- Exhibit 60: Market opportunity by Distribution Channel ($ million)
- Exhibit 61: Data Table on Market opportunity by Distribution Channel ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 63: Chart on Market share by geography 2022-2027 (%)
- Exhibit 64: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 65: Chart on Geographic comparison
- Exhibit 66: Data Table on Geographic comparison
- 9.3 North America - Market size and forecast 2022-2027
- Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.4 APAC - Market size and forecast 2022-2027
- Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.5 Europe - Market size and forecast 2022-2027
- Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.6 South America - Market size and forecast 2022-2027
- Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.8 US - Market size and forecast 2022-2027
- Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.9 China - Market size and forecast 2022-2027
- Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.10 Germany - Market size and forecast 2022-2027
- Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.11 UK - Market size and forecast 2022-2027
- Exhibit 99: Chart on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Data Table on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on UK - Year-over-year growth 2022-2027 (%)
- 9.12 Japan - Market size and forecast 2022-2027
- Exhibit 103: Chart on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 104: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 105: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on Japan - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 107: Market opportunity by geography ($ million)
- Exhibit 108: Data Tables on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 109: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 111: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 112: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 113: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 114: Matrix on vendor position and classification
- 12.3 Aurora World
- Exhibit 115: Aurora World - Overview
- Exhibit 116: Aurora World - Product / Service
- Exhibit 117: Aurora World - Key offerings
- 12.4 BUDSIES Co. LLC
- Exhibit 118: BUDSIES Co. LLC - Overview
- Exhibit 119: BUDSIES Co. LLC - Product / Service
- Exhibit 120: BUDSIES Co. LLC - Key offerings
- 12.5 Build A Bear Workshop Inc.
- Exhibit 121: Build A Bear Workshop Inc. - Overview
- Exhibit 122: Build A Bear Workshop Inc. - Business segments
- Exhibit 123: Build A Bear Workshop Inc. - Key offerings
- Exhibit 124: Build A Bear Workshop Inc. - Segment focus
- 12.6 Hasbro Inc.
- Exhibit 125: Hasbro Inc. - Overview
- Exhibit 126: Hasbro Inc. - Business segments
- Exhibit 127: Hasbro Inc. - Key news
- Exhibit 128: Hasbro Inc. - Key offerings
- Exhibit 129: Hasbro Inc. - Segment focus
- 12.7 LEGO System AS
- Exhibit 130: LEGO System AS - Overview
- Exhibit 131: LEGO System AS - Product / Service
- Exhibit 132: LEGO System AS - Key news
- Exhibit 133: LEGO System AS - Key offerings
- 12.8 Mattel Inc.
- Exhibit 134: Mattel Inc. - Overview
- Exhibit 135: Mattel Inc. - Business segments
- Exhibit 136: Mattel Inc. - Key news
- Exhibit 137: Mattel Inc. - Key offerings
- Exhibit 138: Mattel Inc. - Segment focus
- 12.9 Melissa and Doug
- Exhibit 139: Melissa and Doug - Overview
- Exhibit 140: Melissa and Doug - Product / Service
- Exhibit 141: Melissa and Doug - Key offerings
- 12.10 MGA Entertainment Inc.
- Exhibit 142: MGA Entertainment Inc. - Overview
- Exhibit 143: MGA Entertainment Inc. - Product / Service
- Exhibit 144: MGA Entertainment Inc. - Key offerings
- 12.11 Sanrio Co. Ltd.
- Exhibit 145: Sanrio Co. Ltd. - Overview
- Exhibit 146: Sanrio Co. Ltd. - Business segments
- Exhibit 147: Sanrio Co. Ltd. - Key offerings
- Exhibit 148: Sanrio Co. Ltd. - Segment focus
- 12.12 Simba Dickie Group GmbH
- Exhibit 149: Simba Dickie Group GmbH - Overview
- Exhibit 150: Simba Dickie Group GmbH - Product / Service
- Exhibit 151: Simba Dickie Group GmbH - Key offerings
- 12.13 Spin Master Corp.
- Exhibit 152: Spin Master Corp. - Overview
- Exhibit 153: Spin Master Corp. - Business segments
- Exhibit 154: Spin Master Corp. - Key offerings
- Exhibit 155: Spin Master Corp. - Segment focus
- 12.14 Steiff Retail GmbH
- Exhibit 156: Steiff Retail GmbH - Overview
- Exhibit 157: Steiff Retail GmbH - Product / Service
- Exhibit 158: Steiff Retail GmbH - Key offerings
- 12.15 Takara Tomy Co. Ltd.
- Exhibit 159: Takara Tomy Co. Ltd. - Overview
- Exhibit 160: Takara Tomy Co. Ltd. - Business segments
- Exhibit 161: Takara Tomy Co. Ltd. - Key offerings
- Exhibit 162: Takara Tomy Co. Ltd. - Segment focus
- 12.16 Teddy Hermann GmbH
- Exhibit 163: Teddy Hermann GmbH - Overview
- Exhibit 164: Teddy Hermann GmbH - Product / Service
- Exhibit 165: Teddy Hermann GmbH - Key offerings
- 12.17 Ty Inc.
- Exhibit 166: Ty Inc. - Overview
- Exhibit 167: Ty Inc. - Product / Service
- Exhibit 168: Ty Inc. - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 169: Inclusions checklist
- Exhibit 170: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 171: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 172: Research methodology
- Exhibit 173: Validation techniques employed for market sizing
- Exhibit 174: Information sources
- 13.5 List of abbreviations
- Exhibit 175: List of abbreviations
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