The growth of the world’s middle-class population is the key driver for the stuffed and plush toys market as demand for durable items and eco-friendly items grows. Discretionary income allows middle-class customers to purchase entertainment items suc
The global market for stuffed and plush toys is projected to expand at a 6.9% CAGR from 2022 to 2032, reaching US$ 9,089.4 million in 2022. The increasing demand from children for plush and distinctive figurines is driving market growth. The report projects that by 2032, the market’s demand will amount to US$ 17,689.4 million.
Rising preference for purchasing stuffed or plush toys for leisure and other purposes due to a growing passion for vintage cartoon and anime characters will boost the market. A significant number of children in the globe come from middle-class families, where consumers have significant spending power due to rising surplus incomes.
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Key Takeaways from the Stuffed & Plush Toys Market Study
“Stuffed and plush toy manufacturers are developing strategies to expand their product line to gain competitive edge. Some of the key companies are focusing on innovation to increase product durability and features through extensive investments.” Says an FMI analyst.
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Who is winning?
Leading manufacturers of stuffed and plush toys are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of stuffed and plush toys market globally.
Major players present in the stuffed and plush toys market
Global Stuffed and Plush Toys Market by Category
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About Future Market Insights (FMI) Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the
Feb 18, 2024