Opportunities in the Toys Market in China

The toy market in China has experienced rapid growth in recent years and is now a vast and dynamic industry. Generating approximately 56.28 billion U.S. dollars in 2022 in revenue, it is the largest toy market in the world, making it an essential player in the global toy industry.

The toys market in China is rapidly evolving, driven by demographic shifts, technological advancements, and changing consumer behaviors. As we look at how trends are shaping this industry, especially around events like Children’s Day and the influence of platforms like Douyin and Red (Xiaohongshu), here are ten key trends impacting the toys market in China:

1. Rise of Educational Toys: With a strong emphasis on education in Chinese culture, there’s a growing demand for educational and STEM toys that promote learning and cognitive development.
2. Influence of Social Media: Platforms like Douyin and Red have become vital for toy marketing. Brands use these platforms not just for advertising but for engaging content that includes unboxing videos, toy reviews, and live-streamed product launches, directly driving e-commerce sales.
3. Popularity of Licensed Merchandise: Children and parents alike are drawn to toys featuring characters from popular domestic and international media, including animations and movies. Merchandise related to popular franchises sees a spike around Children’s Day.
4. Customization and Personalization: There is an increasing trend toward customizable toys that allow children to personalize their play experience. This trend is powered by the desire of parents to provide unique products for their children.
5. Eco-Friendly Toys: As environmental awareness grows, more consumers are seeking out sustainably made toys, which include biodegradable materials and non-toxic paints, reflecting broader global concerns.
6. Augmented Reality (AR) and Technology-Integrated Toys: AR has transformed traditional play, providing interactive experiences that blend physical toys with digital enhancements, appealing to tech-savvy kids and parents.
7. Mobile-Driven Purchases: With the proliferation of mobile shopping, parents are increasingly buying toys through apps and mobile sites, particularly during promotional days like Children’s Day when discounts and special offers are abundant.
8. Safety and Quality Awareness: Chinese consumers are becoming more conscious of product safety and quality, particularly in the wake of past safety scares. This awareness affects buying decisions and benefits brands with strong reputations for safety.
9. Rising Middle Class: The expanding middle class in China is willing to spend more on toys, driving demand for premium and high-quality toy products.
10. Shift Towards Collectibles and Hobby Items: There’s a growing segment interested in collectibles and hobby toys, such as model building and DIY crafts, which are popular among older children and even adults, making them a dual market opportunity.

These trends depict a market that is rapidly adapting to new technologies and changing consumer expectations, where traditional play meets the digital world, and where cultural habits strongly influence purchasing decisions.

The Chinese toy market, data & Facts

The market is expected to continue to grow, with an estimated value of $78.21 billion by 2027. The annual growth would be 6.80% between 2022 and 2027. As this market continues to evolve, it presents both opportunities and challenges for businesses looking to enter or expand their presence in China.

In this post, we will explore key insights into China toys market – from consumer behavior and factors driving its growth to emerging trends and strategies for entry into this exciting space. So let’s dive deeper into understanding what makes China’s toys market so fascinating!

Background Of The Global Toy Industry

Understanding the global toy industry is crucial before focusing on China’s market dominance. The industry has grown significantly in recent years, with a projected value of $230.64 billion by 2028 and a rising demand for toys from young adults.

China is a major player in the industry, accounting for 70% of global toy manufacturers.

Influence Of Chinese Culture On Toy Preferences

It’s important to understand the influence of Chinese culture on toy preferences in China. Younger Chinese consumers are driving a boom in popularity and prices for collectible toys, reflecting their strong attachment to traditional cultural values that prioritize social connections and respect for elders.

Understanding this cultural context is crucial when developing marketing strategies targeting Chinese consumers.

For example, leveraging popular TV shows or movie franchises can be successful, but it’s also necessary to consider how they align with local tastes and customs. With over half of global toy exports originating from China, there is no denying the powerful impact of Chinese culture in shaping toy preferences across the world market.

China Toy Market Overview: Factors Driving Growth

Understand The Chinese Consumer And Cultural Nuances

To succeed in China’s toy market, toy companies need to understand the customs and cultural nuances of Chinese consumers. Unlike Western markets, China has unique cultural values and social customs that greatly influence consumer behavior.

For example, family plays a prominent role in Chinese society, which means products that promote family bonding or collectivism are more likely to resonate with Chinese consumers.

Another key factor to consider when targeting Chinese consumers is their preference for local toy brands over international brands. Brands that cater to local tastes by using traditionally-inspired designs or collaborating with popular local celebrities tend to perform better than those that do not acknowledge these nuances.

China’s Millennial Parents are Investing in Premium Toys to Pamper Their Kids

In the Chinese toys market, the largest consumer group comprises Millennials, which comes as no surprise given that many of them are now parents with young children. Millennials belong to the one-child policy in China, and while some might assume they wouldn’t excel as parents due to their playful nature, market research proves otherwise.

A study conducted by The Chinese Academy of Social Sciences revealed that 30% of Millennial parents dedicate over 3 hours daily to play with their children, surpassing the involvement of parents from the 80s (24%) and 70s (12%).

These modern parents firmly believe in the educational value of playtime and are buying toys that can enhance their children’s learning abilities. Contrary to popular notions, they actively participate in their kids’ development and prioritize the role of play in their educational journey. Their toy purchases reflect that.

Two-Child Policy and Its Impact

The two-child policy in China has led to an increase in the number of newborns added each year, resulting in a demographic shift and an increase in demand for products catering to children, including toys.

The toy industry is expected to benefit from this trend with sales projected to grow as more families welcome new additions, presenting a unique opportunity for businesses looking to enter or expand their presence in China’s toy market.

Unveiling the Latest Toy Market Trends in China

In China, the toy market exhibits several notable trends, such as:

• Home Entertainment Demand: With many Chinese cities enforcing a zero-covid policy, the need for home entertainment is on the rise. Parents seek toys, particularly educational and activity toys, to keep their kids engaged and entertained while staying indoors.
• Intelligent Toys and High-End Electronic Toys: High-tech electronic toys, including remote-controlled plastic toys and robots that can respond to commands, have gained immense popularity among Chinese children. Interactive and programmable toys like Bo and Yana are especially sought after for their educational value.
• Traditional Stuffed Toys Resurgence: The relaxation of the one-child policy and increasing disposable incomes among middle-class Chinese parents have led to a surge in demand for traditional and decorative toys made of cloth (especially if they are cartoon characters), especially for newborns in China.
• Educational Toys: Modern parents, especially in the competitive Chinese environment, prefer educational toys that promote early learning and development. STEM items incorporating AI and virtual reality are particularly in demand among Chinese parents willing to invest in their children’s education. Also, various toys for the outdoors develop their gross motor skills.
• Toys for All Ages: The toy market isn’t solely focused on children and teenagers. Adults also show interest in the gaming sector, known as “Kidults,” where products range from LEGO buildings to pop toys, board games, and puzzles.
• Trending Toys and IP-Licensed Products: “Fashionable toys” or Chowan are gaining rapid popularity, particularly among children who desire what their peers have. These toys, often linked to the latest market trends, also appeal to collectors and adults. For example, Molly’s dolls in “blind boxes” have created a buzz in the Chinese toy market.

Chinese consumers have a special fondness for “blind box” purchases, a trend seen across various industries, including toys, food, and even pets.

Strategies For Entry Into China’s Toy Market

The key to success in China’s toy market lies in effective branding. Any toy business seeking to enter this market should recognize that Chinese consumers prefer products from recognizable brands. This is particularly crucial for toys, as children significantly influence purchasing decisions. The most desirable toys are typically those featured in videos, and commercials, and widely owned by their peers in kindergartens or schools.

Moreover, to sell products on China’s e-commerce platforms, establishing a strong presence in the country is essential. Without an established brand, these platforms are unlikely to permit sales. Therefore, increasing brand visibility becomes paramount, and achieving this goal involves several strategies, including having a Chinese website, implementing good Baidu SEO, leveraging social media platforms, and collaborating with influencers.

Douyin, the Chinese equivalent of TikTok, has rapidly evolved into a powerful marketing and sales platform, particularly for consumer goods like toys. Here are five notable trends in how toys are marketed and sold on Douyin, followed by four concrete tips for toy brands looking to leverage this dynamic platform effectively.

Trendy “on “Douyin for Toy Marketing & ecommerce”:

1. Interactive Video Content: Douyin users gravitate towards content that is interactive. Toy brands often use features like polls, quizzes, and augmented reality filters that engage users with the toy in a virtual format before they make a purchase.
2. Influencer Collaborations: Toy influencers and KOLs (Key Opinion Leaders) on Douyin not only demonstrate how toys work but also create narratives around them, making toys more appealing through storytelling. Influencers can significantly amplify a toy’s reach and desirability among followers.
3. Live Streaming Sales: Live streaming sessions where hosts unbox, demonstrate, and play with toys are extremely popular. These sessions often feature direct purchasing links and limited-time offers, driving impulse buying.
4. User-Generated Content Campaigns: Encouraging users to create content with their toys fosters a community around the brand. Challenges and competitions where users show their own creative ways of playing or incorporating toys in everyday life are especially effective.
5. Seasonal and Festival Campaigns: Aligning toy promotions with holidays and special events, such as Children’s Day or the Chinese New Year, maximizes engagement and sales, with themed toys and accessories.

Four Concrete Tips for Selling Toy Brands on Douyin:

1. Optimize Product video Showcases: Make sure that each toy is shown in a fun and visually appealing way. Use high-quality videos that highlight the toy’s features, usability, and entertainment value. Videos should be short, engaging, and optimized for vertical viewing.
2. Engage with Rich video entertaining Formats: Develop a content calendar that incorporates a mix of live demos, influencer reviews, and interactive posts. Create rich, varied content that taps into the latest Douyin trends and features to keep the audience engaged.
3. Utilize Douyin’s E-commerce Features: Integrate Douyin’s built-in e-commerce capabilities, allowing users to purchase toys directly through the app. Make use of in-video shopping links and the platform’s ability to handle transactions smoothly.
4. Leverage ads & Data : Use Douyin’s analytics tools to track engagement and sales performance. Understanding which types of content and products resonate with your audience allows you to refine your strategy and optimize future campaigns.

By employing these strategies, toy brands can effectively tap into the vast user base of Douyin, creating engaging content that converts views into sales, and cultivating a loyal customer base interested in the brand’s latest offerings.

Chinese Website and Baidu SEO

Having a Chinese website is a vital first step. When Chinese parents search for information, they often turn to Baidu. Hosting a Chinese website in China enhances its visibility in Baidu’s search results. Although some Chinese people have improved their English proficiency, the majority still prefer Mandarin.

Thus, a Chinese website has a greater chance of attracting an audience and ranking higher in search results, as Baidu favors Mandarin websites hosted in Mainland China. To capture the attention of parents and children open exclusive online stores. It is advisable to include engaging videos on the website and ensure reliable customer service, enabling interested consumers to ask questions through a chat box.

Besides Baidu SEO, it is essential to explore other avenues to bolster brand reputation and website visibility. Engaging with Chinese consumers on various online forums like Baidu Tieba, Zhihu, or Baidu Zhidao can offer valuable insights into shopping habits and opinions on toys and foreign companies. Creating discussions or topics about the brand or participating in conversations related to the toys market in China can help increase brand recognition.

Additionally, participating in parenting websites and forums allows toy businesses to understand the specific needs and preferences of Chinese children and parents regarding toys. Investing in Baidu Paid Advertising can also generate more buzz and direct traffic to the brand’s website.

Chinese Social Media

The Chinese social media market is a behemoth. More than 90% of the population there has an account on one or more networks, and having a strong presence will increase your chances of becoming viral through those channels. For this to happen, you can share content across both WeChat and Weibo’s large platforms in China.

Digital marketing in China has its pros and cons. Different social media are used for different purposes, but most importantly an official account on these platforms is necessary to appear more legitimate than those who do not have one. These channels allow companies to share stories with their audience as well as advertise themselves through paid content if they choose- the sky’s the limit!

KOL Marketing

Utilizing Key Opinion Leaders (KOLs) is an exceptional marketing strategy to gain traction in China’s market. This form of marketing relies on individuals who have significant influence over potential customers through content sharing. KOL marketing is widely embraced and highly effective in China. These opinion leaders hold a unique position, as Chinese users place immense trust in these web celebrities.

From popular social platforms like WeChat to Douyin (also known as TikTok in other regions), each platform boasts its own pool of influencers. However, not every influencer is suitable for promoting any brand. The key lies in selecting the right KOL who can genuinely engage the community and align with the brand’s values. This is especially pertinent when promoting toys in China, given the plethora of parenting accounts with large follower bases that can be reached through KOLs.

Importance Of E-commerce In China’s Toy Market

Tmall, Taobao, and JD.com stand out as the primary platforms for online stores and sales in China, each housing various product categories. Selecting the most suitable platform is crucial, considering the rules, policies, and costs applicable to foreign brands.

While these platforms provide great exposure and potential for sales, they can be expensive, making them more viable for larger brands with a solid market presence. For smaller brands or those wanting to test the waters first, starting with a WeChat Store or selling products on Xiaohongshu (Little Red Book) can be a more cost-effective solution. These platforms allow brands to gauge market interest, identify potential audiences, and gradually build their presence in the Chinese market before committing to larger-scale operations on the major e-commerce platforms.

Collaborations And Partnerships

One potential strategy for businesses considering entering China’s toy market is to pursue collaborations and partnerships with existing players in the industry.

This approach not only helps companies gain access to established distribution channels and networks, but also provides opportunities to tap into local expertise and cultural insights.

For example, foreign brands like Lego have successfully entered the Chinese toy market by partnering with e-commerce giant Alibaba Group’s Tmall platform and creating exclusive product offerings tailored for Chinese consumers.

Additionally, there are various opportunities for collaboration within emerging trends in the Chinese toy market such as designer toys. According to a recent report by Euromonitor International, this subcategory of collectible toys has gained popularity among young adults in China seeking unique products that reflect their personalities and interests.

Localization: The Lego Case Study

Lego has been in China for a really long time (1993) and has encountered many challenges, the main one being to compete against counterfeit selling at a much cheaper price. Not only does Lego work on its reputation in the country: safety first but also focused on offering China a fully localized experience and product line.

In terms of localization, it’s important to mention Lego’s Chinese name. Lego’s Chinese name, “Legao,” is the result of playing with words in both English and Mandarin. The two characters used to form Lego are 乐高 which when translated from Mandarin means happiness or cheerfulness. This adds a sense of joy that translates well into our home-building toys! (We can help you come up with a great Chinese name for your brand as well!)

The iconic Danish toy company Lego invested a lot of time and effort to broaden its product range in China. In 2000, they began producing watches, umbrellas, and posters as well as featuring adverts for the toys in the Chinese children’s magazine “Milaoshu”.

Lego’s designers in China have a new idea to attract more attention – what if people could play with the Lego products before they buy them? The 1st store was opened in Beijing with 2/3 of its space dedicated to playing with all sorts of cool toys followed by another one in Shanghai. These initiatives seem successful because their sales increased by about 50% in two years!

As of 2023, the company boasts an impressive network of 380 stores strategically located throughout China. Lego has established a substantial foothold in China’s toy market, commanding an impressive 43% share of the construction and building toys market in the country.

It is not the first time Lego China releases China Edition sets. One example is sets of blocks that portray scenes such as the Dragon Dance and a traditional New Year celebration. The company also added constructions like China’s Great Wall or Shanghai.

Trust Our Agency to Promote your Toys Brand in China

In summary, the toys market in China offers a lucrative opportunity for businesses looking to enter this industry. The market has immense growth potential, thanks to the country’s large population, burgeoning middle class, increasing disposable income, and supportive government policies.

However, it is crucial to understand consumer behavior and cultural nuances and adopt effective marketing strategies.

SEO Agency China, a digital marketing agency located in Shanghai specializes in the development and elaboration of the marketing and digital strategies of companies to help the latter to develop and promote their activities in China. Our international team of 70+ experts makes us an ideal agency to develop your interests in China.

Feel free to reach out to us with any comments or inquiries regarding your project. We are more than happy to discuss your brand’s potential in China. Take advantage of our complimentary discovery call, where one of our specialists will assess the opportunities that await your brand in the Chinese market.

The 2026 market reality: what the data shows

China’s toy market reached USD 48.7 billion in 2026, up from USD 30.68 billion in 2024, and analysts project it will hit USD 85 billion by 2035 at a 6.4% CAGR (MarkWide Research). Inside that figure, the trendy toy segment is moving much faster: RMB 58.7 billion in 2024, up 36.5% year-on-year, with a forecast CAGR of 18.7% through 2030 (China Trading Desk). The educational toys sub-segment adds another layer: USD 9.94 billion in 2025, projected to reach USD 25.72 billion by 2034 (IMARC Group). These are not incremental gains. They reflect a structural shift in how Chinese consumers spend on play, learning, and self-expression.

The kidult boom: adults are now the biggest toy buyers

The fastest-growing buyer segment in China’s toy market is not children. It is adults aged 18 to 35, a group marketers now call “kidults.” Gen Z (18-24) and Millennials (25-30) together account for over 60% of collectible toy consumers in China, according to Daxue Consulting. Women make up 60.81% of this group. They spend money on figurines, blind boxes, and assembly models not as gifts for children, but as personal purchases tied to identity, fandom, and social signaling.

This shift changes what brands need to do. A toy marketed to parents as “educational” reaches one audience. A toy marketed to adults as “collectible” or “IP-licensed” reaches a different, larger, and faster-spending audience. The two strategies require different channels, different KOLs, and different price anchors. Most foreign toy brands entering China still default to the parent-and-child positioning. That is a mistake when the higher-margin segment is adults buying for themselves.

The blind box category illustrates both the opportunity and the risk. Pop Mart’s Labubu IP alone generated RMB 3 billion in revenue in 2024, representing 23.3% of the company’s total revenue. Pop Mart operates 215 physical stores and 1,477 Robo Shops across China, with 11.42 million registered digital members and a 49% repurchase rate. Those numbers show what loyal collectible consumers look like. But there is a ceiling: 43% of previous blind box buyers say they plan to reduce future purchases, a sign of category fatigue setting in. The opportunity is not blind boxes as a format. It is IP-driven collectibles with genuine scarcity, storytelling, and secondary market value.

For foreign brands, the entry point is IP licensing and collaboration. LEGO’s success in China is partly explained by its willingness to develop China-specific sets tied to local culture and global franchises simultaneously. A foreign toy brand entering China in 2026 without a clear IP or licensing strategy is entering a fight where the Chinese players already have the home advantage.

E-commerce and platform strategy: where toys actually sell

Online channels now drive the majority of toy sales in China. Tmall, JD.com, and Pinduoduo are the three dominant platforms, but they serve different buyer profiles. Tmall is the default for premium and imported brands. JD.com performs strongly on electronics, STEM toys, and fast logistics. Pinduoduo captures price-sensitive buyers in lower-tier cities.

For foreign brands without a Chinese legal entity, Tmall Global and JD Worldwide provide cross-border entry. Tmall Global uses a bonded-warehouse model: stock sits in a China Free Trade Zone, duties are collected at the point of sale, and delivery reaches consumers within 2 to 5 days. In 2025, over 2,415 new international brands opened stores on Tmall Global, an average of more than six per day. That figure signals both the opportunity and the growing noise. A listing alone does not generate sales.

Beyond the marketplaces, Douyin (TikTok’s Chinese counterpart) has become a critical sales channel for toys, particularly in the collectible and trendy segments. Live commerce on Douyin drives impulse purchases. A KOL unboxing a blind box or assembling a model kit in real time can move thousands of units in a single session. Brands that treat Douyin as an advertising channel rather than a sales channel miss the point. The content and the buy button need to be in the same place.

Xiaohongshu (Little Red Book) plays a different but equally important role. It functions as a discovery and validation engine. Chinese consumers, especially women in first-tier cities, use the platform to research purchases before buying. A toy with strong Xiaohongshu presence, genuine user reviews, and aesthetic content converts better on Tmall than one without it. The platforms are not independent. They form a funnel: discovery on Xiaohongshu, social proof on WeChat, purchase on Tmall or Douyin.

Geographic targeting also matters. 26% of collectible toy buyers are in first-tier cities like Shanghai, Beijing, Guangzhou, and Shenzhen. Another 21% are in new first-tier cities like Chengdu, Hangzhou, and Wuhan. These cities should anchor any initial China e-commerce strategy. Lower-tier cities can follow once the brand has established credibility.

What changed between 2024 and 2026

Two years ago, the conversation about China’s toy market was still framed around post-COVID recovery and the end of the one-child policy’s long shadow. That framing is now outdated.

The birth rate decline is structural, not cyclical. China recorded 9.54 million births in 2023, down from a peak of over 17 million in 2016. Fewer children means the traditional toy market (0-12 age group) is shrinking as a volume story. Brands that built their China strategy around a growing child population need to revise the model. Growth now comes from premium positioning and from adult buyers, not from volume.

The IP economy accelerated sharply. Between 2024 and 2026, domestic Chinese IPs such as Labubu, Dimoo, and Skullpanda went from niche collector items to mainstream cultural products. Global IPs like Star Wars, Harry Potter, and Pokémon maintained strong traction, but the price premium for domestic IPs narrowed. Chinese consumers no longer automatically equate foreign with better. Quality, story, and scarcity now matter more than country of origin.

Regulation tightened around product safety standards. GB/T certification requirements became stricter, and customs scrutiny on imported toys increased. Foreign brands entering via cross-border e-commerce need compliant documentation before launching. This is an operational reality, not a barrier: brands that prepare in advance move faster than those that discover the requirement after a shipment is held.

Finally, the retail environment consolidated. Smaller specialty toy stores lost ground to flagship stores in malls and to online channels. Physical retail still matters for the experience factor, particularly for assembly toys and collectibles where touch and display are part of the purchase. But the economics favor brands with both a strong online presence and selective physical partnerships.

Frequently asked questions

How big is China’s toy market in 2026?

China’s toy market is valued at approximately USD 48.7 billion in 2026, according to MarkWide Research. That figure covers traditional toys, educational toys, collectibles, and the growing trendy toy segment. The trendy and collectible segment is the fastest-growing part of the market, expanding at 18.7% annually through 2030. China holds a 33% share of the Asia-Pacific toy market, making it the region’s largest single market. For a foreign brand, the market is large enough to justify serious investment. The question is not whether the market is big enough. It is whether the entry strategy fits the specific segment being targeted.

Which toy categories have the most growth potential for foreign brands?

Three categories stand out. First, STEM and educational toys, particularly for children aged 3 to 12 whose parents prioritize learning outcomes alongside play. The educational toy segment is growing at 11.14% CAGR and is projected to reach USD 25.72 billion by 2034. Second, IP-licensed collectibles aimed at adults aged 18 to 35. This segment rewards brands with strong storytelling and authentic scarcity. Third, assembly and construction toys, where LEGO has demonstrated that Chinese consumers will pay a premium for quality and brand heritage. All three categories share a common factor: the purchase decision is driven by perceived value, not price alone.

What platforms should a foreign toy brand use to sell in China?

The core e-commerce stack is Tmall Global for primary sales, Douyin for live commerce and discovery, and Xiaohongshu for content and social proof. JD Worldwide is a strong alternative for brands in the electronics toy or STEM category where JD’s logistics reputation adds credibility. WeChat mini-programs work well for brands with an established fan base who want to build a direct relationship with buyers. Avoid spreading across all platforms at launch. Pick two or three, execute them well, and expand once volume justifies the investment. Many foreign brands underperform in China because they spread budget too thin rather than concentrating it where their target buyer actually spends time.

Do foreign toy brands need a local entity to sell in China?

No, not to start. Tmall Global and JD Worldwide allow foreign brands to sell into China from overseas using a bonded-warehouse model. Goods are stored in a Free Trade Zone, duties are paid at point of sale, and delivery is domestic-speed for the buyer. This is the standard entry path for brands testing the market or building initial volume. A local entity (WFOE or joint venture) becomes relevant when a brand reaches a scale where direct Tmall (domestic) listings, local employment, or broader distribution partnerships make financial sense. Most brands that enter through cross-border e-commerce and succeed transition to a local entity within two to four years.

How to move forward

China’s toy market in 2026 rewards brands that understand the platform logic, the IP economy, and the adult buyer segment. It does not reward generic approaches. If you are a foreign toy brand looking to enter or grow in China, the first step is getting your digital presence right: Baidu indexing, Douyin content, and a cross-border e-commerce listing that converts. Our team at SEO Agency China works specifically on this. We can help with Baidu advertising to capture search intent from Chinese buyers, and with Douyin campaigns to drive awareness and live sales for your toy products. If you want a review of your current China strategy or a plan to enter the market, contact us here and we will get back to you within 24 hours.

Marcus Zhan is a China marketing specialist based in Shanghai.

Sources: MarkWide Research, China Toys Market 2026-2036 | IMARC Group, China Toys Market Report 2025-2034 | Daxue Consulting, China Collectible Toys Market | China Trading Desk, IP Toy Trend 2024-2030