DUBLIN – (COMMERCIAL THREAD)–The “Cat Litter Products Market Size, Share and Trend Analysis Report by Product Type (Binder, Conventional), Raw Material (Clay, Silica), Distribution Channel, Region and Segment Forecast , 2021-2028 “ the report was added to ResearchAndMarkets.com offer.
The global cat litter market size is expected to reach USD 13.44 billion in 2028, registering a CAGR of 4% from 2021 to 2028.
The increasing number of cat owners across the world is expected to positively impact the growth of the market. Most cat owners prefer not to let their cats out of the house due to human hostility and adverse weather conditions. These factors are expected to drive product demand over the forecast period. On the basis of distribution channels, the market is segmented into retail and supermarket and online platforms.
Consumers’ inclination towards a one-stop shopping experience drives higher product sales through the retail and supermarket channel. However, the online platform segment is expected to experience the fastest CAGR from 2021 to 2028 due to the increasing use of smartphones across the country.
The retail and supermarket segment accounted for 76.6% market share in 2020. This segment is expected to grow at a stable CAGR during the forecast period. Supermarkets, such as Walmart, lead the list of cat litter product destinations among cat owners, according to data from the Packaged Facts survey.
Consumers are more likely to opt for low-cost, non-discretionary pet products, such as pet food and cat litter products. Businesses face negative effects; for example, several companies meet growing consumer demand but face distribution and inventory issues throughout the supply chain.
The demand for traditional litter products is driven by a strong preference for the complete elimination of odors associated with cat urine and feces. Conventional products generally consist of wood chips and non-biodegradable clay material, calcium silicate and clay crystals.
According to Boxscoop Designs Inc., the annual expense for cat litter, such as corn, grass, and walnut, for a large cat is $ 90, $ 87, and $ 75 for Boxscoop cat litter, respectively, and 147 USD for the clay litter. . It is estimated that this will drive the growth of the conventional segment during the forecast period.
Clumping cat litter is mainly composed of sodium bentonite. Several varieties of products including premium biodegradable clay-based ultra-caking, premium clay-based ultra-caking and standard clay-based agglutination are available in the market.
Silica cat litter includes crystals of silica gel, which are often used as preservatives in packaged foods, medications, and other products that are easily damaged by excess moisture. Silica raw material generally generates less waste than other raw materials. The companies are focused on expanding and establishing new manufacturing units to compete with rival companies. For example, in February 2019, Nestlé Purina announced the expansion of its Bloomfield plant in Southeast Missouri, where Tidy Cats brand cat litter is manufactured. Companies are also investing in mergers and acquisitions to strengthen their position in the market.
For example, in March 2018, Kent Pet Group, Inc., a business unit of Kent Corp., acquired FibreCycle Pty. Ltd., an Australian manufacturer of recycled paper cat litter and small animal bedding brands.
The Covid-19 pandemic has significantly influenced the purchasing decisions of consumers. The demand for home and health care products as well as personal and pet hygiene products has increased, which will support the market growth.
Highlights of the Cat Litter Products Market Report
Lump segment dominated the market in 2020 and accounted for 76% share and will grow further at the fastest CAGR from 2021 to 2028
Clay Raw Materials segment accounted for 83.6% market share in 2020 and is expected to grow at a stable CAGR from 2021 to 2028
The segment of retail and supermarket distribution channels accounted for the largest share of revenue of 76.6% in 2020
North America dominated the global market in 2020 and is expected to grow at a CAGR of 3.7% during the forecast period
The Middle East & Africa regional market is expected to account for a total market share of 4% by 2028
The Clorox company
Church and Dwight Co., Inc
Oil-Dri Corporation of America
Eco-Shell, Inc. (Naturally Fresh Cat Litter)
RETTENMAIER & SOHNE GmbH + Co KG (JRS)
H. von Gimborn GmbH
Sinchem Silica Gel Co., Ltd.
Weihai Pearl Silica Gel Co., Ltd.
Silgan Holdings Inc
For more information on this report, visit https://www.researchandmarkets.com/r/g2l07z