The global Cat Litter Market is estimated to be valued at US$ 4.97 Bn in 2023 and is expected to exhibit a CAGR of 5.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Cat litter absorbs odors and liquids from cat urine and feces while clumping for easier scooping and disposal. It comes in clay, silica gel, and paper pellet forms. With rising pet ownership and concern over odor control, cat litter sees steady demand.
Market key trends:
Clumping litters have emerged as a popular option that absorbs liquids to form clumps, allowing easy removal of waste without stirring up dust. These clump heavily soiled areas for discrete disposal. Relative to clay varieties, clumping litters control odor better and their clumps can be flushed, appealing to urban pet owners. This has driven their rapid uptake, pushing the overall cat litter market growth higher in recent years.
Segment Analysis
The global cat litter market is segmented on the basis of type, end use, and distribution channel. By type, clumping clay litter accounts as the dominant segment and holds around three-fourth of the overall market share. It provides several advantages over traditional clay &silica-based litter such as absorbing liquids rapidly, controlling odor effectively, and remaining drier for longer periods.
Key Takeaways
The Global Cat Litter Market Share is expected to witness high growth, exhibiting CAGR of 5.4% over the forecast period, due to increasing pet ownership and growing humanization of pets. The global cat litter market size is expected to reach US$ 4.97 Bn by 2023.
Regional analysis shows that North America dominates the global market and accounts for over 40% market share, owing to high pet adoption rates in countries like US and Canada. Asia Pacific exhibits the fastest growth due to rising pet care spending in China and India.
Key players operating in the cat litter market are Mars Inc., Nestle SA (Purina), Church & Dwight Co Inc., The Clorox Company, Dr. Elseyâ€TMs, Oil-Dri Corporation of America, Pestell Pet Products, Zolux Sas, Cat Litter Company, and Healthy Pet. These players are focusing on new product development and expansion in emerging markets to strengthen their market position.
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https://www.newswirestats.com/cat-litter-market-size-share-growth-outlook-2023/
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