Toy Association unveils top toy trends of 2023
This year’s biggest trends in toys, play, and kids’ entertainment strike a balance between turning back to classic play and leaning into new platforms, technologies, and consumer spending habits to drive innovation across the toy space, according to The Toy Association.
New data to support the “kidult” trend has also proven that play isn’t just for kids, the association said, and this year, there are new demographics of consumers that toymakers will focus on for growth opportunities.
These and other top 2023 toy trends were named by The Toy Association during The Play Date, its Q1 media event held in partnership with Adventure Media & Events in New York City.
“If there is one key takeaway that ties all the latest toy and play trends together, it’s that what consumers want matters more than ever,” said Adrienne Appell, executive vice president of marketing communications at The Toy Association. “In part due to the current economic climate, today’s shoppers hold the power and the purse strings. Yes, they are being budget-savvy, but they are also being smart about what they invest in. These toy trends underscore the industry’s ability to deftly respond to this constantly evolving landscape shaped by the way toy lovers of all ages are spending their leisure time — on and off their screens — and their money.”
The Toy Association’s team of trend-spotters met with hundreds of global toy companies over the past several months to track the latest developments in play and youth entertainment as well as scout trends across tech, fashion, home, social media and other industries. The insights they gathered are predicted to drive toy sales now through the 2023 holiday season.
A summary of the top trends follows:
Back to basics
According to The Toy Association, 79% of U.S. parents view play as an important form of self-care. And while 77 % of parents used toys during the pandemic to help their child with social-emotional learning, most are still doing so today (92%).
In the toy space, this self-care concept is taking shape across a range of products that instill healthy habits — from mindfulness and good sleep habits to increased social emotional awareness through nurturing play — as well as toys that introduce kids to new hobbies and help families find joy through classic play.
There is now enough data on the kidult consumer to know that play isn’t just for kids. The NPD Group recently reported that kidults (ages 12 and up) are currently the biggest driver of growth in the toy industry.
While adults have been turning to play to destress and incorporate more fun into their daily lives since the onset of the pandemic, this year we expect to see a surge in tween and teen toy buyers.
Thanks to social media, this demographic sees a cool factor to collecting, customizing and displaying toys on social platforms. The toy industry will respond to this demand with more toys that cater to the tween/teen demographic and beyond, including fidget/sensory toys, collectibles, arts & crafts and tech toys.
n the toy space, shoppers will be on the lookout for toys that offer deep play value while supporting companies that are enacting positive change in the world, The Toy Association reported.
In 2023, the association said to expect toys that incorporate various ways to play for consumers of all ages, including the elderly; new tech enhancements that reinforce fun and learning; and toys that not only teach social responsibility, diversity and sustainability, but are made by companies that engage in such practices behind the scenes.
Companies will forge or expand partnerships with verified experts in fields related to education, diversity, and sustainability as the toy industry goes the extra mile to “be authentic” and deliver what truly matters to families.
Macro to micro
From jumbo-sized plush and oversized versions of classic games that have a novelty factor, to tiny craft projects and micro-sized, functional collectibles and playsets, this year’s macro-to-micro trend is driven primarily by social media, where unique and quirky toys have the potential to go viral and bolster consumer demand.
While novelty and online shareability are a plus, these playthings are also sought after for their distinctive play elements — including collectability, new gaming mechanics and highly stylized details.
Pop culture lifestyle
In 2023, expect to see more toymakers digging into a wider array of fandoms and reaching into verticals for their brands. From tapping into gaming and anime themes, to leveraging “core” aesthetic trends on social media, to hitting a nostalgic note with re-launches from past decades, such as the 90s and Y2K, this is a trend that will engage multiple audiences, from nostalgic kidults with deeper pockets to younger kids engaging with their favorite characters and shows through streaming channels, digital worlds, and physical product.
For brand owners, focusing on different fanbases offers new opportunities to expand their revenue streams.
2023 entertainment update
With licensed toys and games accounting for 31% of total toy sales, The Toy Association said it continues to track highly anticipated movie and TV/streaming releases that will have an impact on the toy market. This year, studios will capitalize on evergreen toy and kids’ entertainment brands with refreshing new takes for the “big screen” (Barbie, Teenage Mutant Ninja Turtles, Super Mario Bros., and more) as well as sequels, trilogies and spin-offs of fan-favorites (Indiana Jones, Guardians of the Galaxy, Spider-Man, etc.).
In toy aisles, this will translate to fresh new playthings and opportunities for innovation on shelves in 2023. Streaming services, digital worlds, and gaming will also continue to invite toymakers to bring today’s most popular properties to the toy aisles, The Toy Association reported.