This report states that the Indian educational toys market was worth $2.83 billion in 2023 and is expected to grow at a CAGR of 14% from 2024 to 2030. The report also notes that educational toys for toddlers accounted for 54% of the market in 2023.
The toys and small educational items industry in India is projected to grow significantly. The overall market for toys and games in India is expected to increase by 4.97% between 2024 and 2028, reaching a volume of approximately US$ 2.08 billion by 2028. This growth aligns with the broader trend in the educational toy market, which is seeing a global expansion, with a CAGR of around 9.50% expected through 2032.
The toy industry in India was valued at $1.7 billion in 2023 and is projected to grow to $4.4 billion by 2032, reflecting a robust annual growth rate of 10.6%. This expansion is driven by increasing disposable incomes, a rising middle class, and a growing demand for educational and interactive toys.
The toy business in India is highly profitable, with profit margins typically ranging between 25% to 30% per annum. This lucrative market benefits from the consistent demand for toys, driven by parents' ongoing desire to purchase new and engaging products for their children. Toys, especially enduring favorites like cloth dolls, remain a staple in the market, ensuring their continued popularity and profitability.
