PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1358078
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1358078
The Global Cat Litter Market is projected to reach around US$ 6.82 Billions by the end of 2030, growing at CAGR of 4.2% during the forecast period (2023-2030).
Report Coverage | Report Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 4.72 Bn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 5.40% | 2030 Value Projection: | US$ 6.82 Bn |
Cat litter is available in different types. Some types are clumping, while others are non-clumping. Cat litter was traditionally made of clay, a natural mineral that absorbs moisture. This clay is not flushable, so some brands have turned to alternative materials like silica crystals. Also, clay has the disadvantage of taking much longer to biodegrade. Moreover, it can be dusty and hard to carry and these material is not flushable so marker shift for using alternative. These alternative materials are biodegradable have a fresher, more pleasant scent. Biodegradable cat litter is an option that can be composted at home. It is available in many forms, and some pet owners prefer this type for its flushability and deodorizing properties. Biodegradable litter also be beneficial for certain pets, because it reduces dust.
In 2020, there were an estimated 89.82 million pet dogs in Europe and, with the population of pet dog estimated to exceed 136 million by 2022. In 2020, 67% of the U.S. households owned a pet, which is an estimated 84.9 million homes. Also, increasing disposable income is another key factor, which is expected to drive the growth of this market. Increase in the number of pet shop in a globe emerging the cat litter market growth.
On the other hand, increasing cost of raw materials is projected to hamper the cat litter market growth The material which need in the cat litter market as a raw material increase cost for that material hamper market growth because it affect of the cat litter price.