Cat Litter Market Set to Surge to $11,293.30 Million by 2030, Growth Rate (CAGR) of 4.7% From 2021 to 2030

The clumping segment is projected to witness the highest CAGR of 5.5% in terms of revenue during the forecast period.

WILMINGTON, NEW CASTLE, DELAWARE 19801 USA, UNITED STATES, April 23, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, “Cat Litter Market by Product, Raw Material and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2031". The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends. The global cat litter market was valued at $7,212.80 million in 2020, and is projected to reach $11,293.30 million by 2030, growing at a CAGR of 4.7% from 2021 to 2030.

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The growing number of cat owners around the world is likely to boost cat litter market growth. Most cat owners prefer not to let their cats out of the house for a variety of reasons, including human animosity and inclement weather. These variables are expected to drive the product demand during the forecast period. Product sales are being boosted by the growing trend of pet humanization as well as rise of the pet population in the U.S. As a result, growing pet expenditure will drive market growth.

Rapid urbanization and globalization, coupled with an increase in disposable income, are pivotal in reshaping pet care habits worldwide, driving consumer demand for unique pet care products. Pet owners globally are increasingly regarding their pets as integral family members, seeking high-quality care solutions. Consequently, there's a growing emphasis on stringent safety standards and product efficacy. The rise in spending by cat owners on care and luxury products for their feline companions is propelling the expansion of the global cat litter industry.

In response to the digital age, many brands are leveraging digital media to connect with clients, with companies like Laviosa, Tolsa Company, Boxiecat, and Dr. Elsey's Cat Products aiming to expand their reach through social media networks. The direct-to-consumer trend has also penetrated the cat litter business, prompting several brands, such as Boxiecat, to launch their own websites. These platforms offer an array of products, including cat litter deodorizers, jugs, and mats, directly to consumers. Such initiatives are anticipated to foster consumer trust and cultivate long-term brand loyalty.

The global cat litter market is segmented into product type, raw material, distribution channel, and region. By product type, the cat litter industry is classified into clumping and non-clumping. On the basis of raw material, it is fragmented into clay, silica, and others. Depending on distribution channel, it is categorized into hypermarkets/supermarkets, specialty pet stores, and online channels. Region wise, the market is studied across North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, and the rest of Asia Pacific), and LAMEA (Brazil, Argentina, South Africa, and the rest of LAMEA).

On the basis of product type, the clumping segment accounted for the highest share in 2020. This is attributed to the fact that clumping litter is a popular and convenient choice among pet owners. Many people say that it makes cleaning up a lot easier. In addition, clumping litter comes in a variety of fragrances, granule sizes, and textures. The litter soon attaches to the waste, cupping around to form a barrier. It prevents waste from spreading throughout the litter box, keeping the kitty box fresher for longer.

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Depending on raw material, the clay segment garnered the largest share of the global cat litter market share in 2020, and is expected to dominate the market throughout the forecast period. This is attributed to the fact that clay absorbs ample amount of water in a short time span, keeping the litter box dry and clean.

By distribution channel, the hypermarkets/supermarkets segment accounted for the highest share in 2020, as customers benefit from the availability of a wide choice of products, product discounts, sales representative assistance, and speedy checkouts at hypermarkets/supermarkets. Thus, these advantages are predicted to promote shopping at hypermarket/supermarket growth during the cat litter market forecast.

By Region, Asia-Pacific registered the highest growth in 2020, followed by Europe and North America. China and the U.S. were the most prominent countries accounting for a sizeable share in the global market.

Key players in the cat litter market have relied on product launch as their key strategic move to stay relevant in the global market. The key players profiled in the report are Mars Inc., Nestle SA, Church & Dwight Co. Inc., The Clorox Company, Dr. Elsey's, Oil-Dri Corporation of America, Pestell Pet Products, ZOLUX SAS, Cat Litter Company, and Healthy Pet.

𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 𝐚𝐧𝐝 𝐏𝐫𝐨𝐬𝐩𝐞𝐜𝐭𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐂𝐚𝐭 𝐋𝐢𝐭𝐭𝐞𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐏𝐞𝐭 𝐎𝐰𝐧𝐞𝐫𝐬𝐡𝐢𝐩: The global pet population, particularly cats, continues to grow steadily. As more people choose to keep cats as pets, the demand for cat litter also increases, driving market growth.

𝐔𝐫𝐛𝐚𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐀𝐩𝐚𝐫𝐭𝐦𝐞𝐧𝐭 𝐋𝐢𝐯𝐢𝐧𝐠: Urbanization trends, especially in densely populated areas, where outdoor space is limited, have led to more people opting for indoor cats. This trend has significantly boosted the demand for cat litter products.

𝐇𝐮𝐦𝐚𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐏𝐞𝐭𝐬: There's a growing trend toward treating pets as members of the family, leading pet owners to prioritize their comfort and well-being, including their litter box experience. This has resulted in higher demand for premium and innovative cat litter products that offer better odor control, clumping properties, and eco-friendliness.

𝐇𝐞𝐚𝐥𝐭𝐡 𝐚𝐧𝐝 𝐄𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭𝐚𝐥 𝐂𝐨𝐧𝐜𝐞𝐫𝐧𝐬: With increasing awareness of environmental issues and health concerns related to traditional clay-based litters (e.g., silica dust), there's a rising demand for eco-friendly and natural alternatives such as biodegradable, recycled paper, wood-based, or plant-based litters.

𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐃𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭𝐢𝐚𝐭𝐢𝐨𝐧: Manufacturers are continually innovating to differentiate their products in the market. This includes introducing new materials, such as silica gel crystals or natural fibers, incorporating odor control technologies, offering lightweight options for easier handling, and developing self-cleaning litter boxes.

𝐄-𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐞 𝐚𝐧𝐝 𝐂𝐨𝐧𝐯𝐞𝐧𝐢𝐞𝐧𝐜𝐞: The rise of e-commerce platforms has made it easier for pet owners to access a wide range of cat litter products conveniently. Subscription-based services for litter delivery further enhance convenience for pet owners, driving online sales.

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𝐊𝐞𝐲 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐅𝐨𝐫 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬:

○ This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cat litter market analysis from 2020 to 2030 to identify the prevailing cat litter market opportunity.
○ The market research is offered along with information related to key drivers, restraints, and opportunities.
○ Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
○ In-depth analysis of the cat litter market segmentation assists to determine the prevailing market opportunities.
○ Major countries in each region are mapped according to their revenue contribution to the global cat litter market size.
○ Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
○ The report includes the analysis of the regional as well as global cat litter market trends, key players, market segments, application areas, and market growth strategies.

𝐑𝐞𝐚𝐬𝐨𝐧𝐬 𝐭𝐨 𝐛𝐮𝐲 𝐂𝐚𝐭 𝐋𝐢𝐭𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭:

• Procure strategically important competitor information, analysis, and insights to formulate effective R&D strategies.
• Recognize emerging players with potentially strong product portfolio and create effective counter-strategies to gain competitive advantage.
• Classify potential new clients or partners in the target demographic.
• Develop tactical initiatives by understanding the focus areas of leading companies.
• Plan mergers and acquisitions meritoriously by identifying Top Manufacturer.
• Develop and design in-licensing and out-licensing strategies by identifying prospective partners with the most attractive projects to enhance and expand business potential and Scope.
• Report will be updated with the latest data and delivered to you within 2-4 working days of order.
• Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
• Create regional and country strategies on the basis of local data and analysis.

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 "𝐀𝐌𝐑 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

○ Mexico Cat Litter Market Opportunity Analysis and Industry Forecast, 2020-2030
○ Cat Treats Market Top Factors That Are Leading The Demand Around The Globe

○ Pet Treats Market is projected to reach $29.7 billion by 2031
https://www.alliedmarketresearch.com/pet-treats-market-A16950

○ Vegan Pet Food Market is estimated to reach $16.3 billion by 2030
https://www.alliedmarketresearch.com/vegan-pet-food-market-A15847

○ Pet Boarding Market is projected to reach $35.8 billion by 2031
https://www.alliedmarketresearch.com/pet-daycare-market-A10555

○ Pet Training Services Market is projected to reach $6.84 billion by 2031
https://www.alliedmarketresearch.com/pet-training-services-market-A16891

○ Pet Clothing Market is projected to reach $7.66 billion by 2031
https://www.alliedmarketresearch.com/pet-clothing-market-A16890

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