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Cat Litter Market to Reach $11.2 Bn, Globally, by 2030 at 4.7% CAGR: Allied Market Research

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Allied Market Research

04 Apr, 2022, 14:00 GMT

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Increase in cat population and surge in number of multi-cat households drive the growth of the global cat litter market

PORTLAND, Ore., April 4, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Cat Litter Market by Product (Clumping, Non-Clumping), Raw Material (Clay, Silica, Others) and Distribution Channel (Hypermarkets/Supermarkets, Specialty Pet Stores, Others) Global Opportunity Analysis and Industry Forecast, 2021-2031". According to the report, the global Cat Litter industry generated $7.2 billion in 2020, and is anticipated to generate $11.2 billion by 2030, witnessing a CAGR of 4.7% from 2021 to 2030.

Prime determinants of growth

Increase in cat population and surge in number of multi-cat households drive the growth of the global cat litter market. However, the industry is experiencing supply chain disruptions all across the world which hinders the market growth. On the other hand, growing trend of pet humanization presents new opportunities in the coming years.

Covid-19 Scenario

  • As the countries were imposed with lockdown globally, consumers purchased pet products with more shelf life, thus raising the sales of cat litter during the COVID-19 pandemic.
  • The pandemic disrupted the sales of cat litter industry via brick and mortar stores, which resulted in shift of consumers toward online sales channels to purchase pet products, thus driving the growth of online sales in pet products.

Request Sample Report @https://www.alliedmarketresearch.com/request-sample/16247

The clay segment to maintain its leadership status throughout the forecast period

Based on raw material, the clay segment held the highest market share in 2020, accounting for two-fifths of the global cat litter market, and is estimated to maintain its leadership status throughout the forecast period, owing to usage in the creation of cat litter products. Moreover, the silica segment is projected to manifest the highest CAGR of 5.4% from 2021 to 2030, owing to usage as preservatives in packaged foods, pharmaceuticals, and other products.

The hypermarkets/supermarkets segment to maintain its lead position during the forecast period

Based on distribution channel, the hypermarkets/supermarkets segment accounted for the largest share in 2020, contributing to nearly half of the global cat litter market, and is projected to maintain its lead position during the forecast period. Hypermarkets/supermarkets are the most convenient place for shopping. Customers easily get the product in the hypermarkets/supermarkets market. These factors make this segment to hold largest segment in 2020. However, the online channels segment is expected to portray the largest CAGR of 5.8% from 2021 to 2030, the use of social media and increasing digital shopping platforms across the world.

North America to maintain its dominance by 2030

Based on region, North America held the highest market share in terms of revenue 2020, accounting for nearly two-fifths of the global cat litter market, due to an increase in the number of cat owners. Moreover, the Asia-Pacific region is expected to witness the fastest CAGR of 5.9% during the forecast period, owing to an increase in nuclear households and an increase in disposable money.

For Purchase Enquiry @https://www.alliedmarketresearch.com/purchase-enquiry/16247

Leading Market Players

  • 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
  • Healthy pet

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

Similar Reports:

  • Otc Pet Medication Market Opportunity Analysis and Industry Forecast, 2022-2029
  • Cat Treats Market Opportunity Analysis and Industry Forecast, 2021-2030
  • Pet Accessories Market Opportunity Analysis and Industry Forecast, 2022-2029
  • Pet Toys Market Opportunity Analysis and Industry Forecast, 2022-2029
  • Online Pet Food Supplies Market Opportunity Analysis and Industry Forecast, 2022-2029

About Us:           

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:                 

David Correa 
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
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Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
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