The Global Cat Litter Market Growth Accelerated By Increasing Pet Ownership

The Global Cat Litter Market Growth Accelerated By Increasing Pet Ownership
Cat litter products effectively absorb odors and liquids from indoor cat waste. There is a growing demand for cat litter due to increasing pet ownership especially in developed countries.

The global Cat Litter Market is estimated to be valued at US$ 4.97 Bn in 2024 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

 The demand for cats as domestic pets has significantly increased over the years. According to the American Pet Products Association (APPA), nearly 85 million pet cats were owned in the U.S. in 2021, reflecting a continued upward trend. Rising disposable income and growing pet humanization are leading people to consider their pets as family members. This has increased spending on pet care products like cat litter. Furthermore, growing awareness about responsible pet ownership and availability of innovative litter products is fueling the market growth.

Segment Analysis

The Global Cat Litter Market Size is dominated by clumping clay litter segment. Clay litter works as an absorbent that clumps when wet to trap waste in small, clump balls that are easy to scoop. It is widely used by cat owners as it effectively controls odor. This segment accounts for over 60% of total market share as clay is very affordable and meets basic needs of cats.

Key Takeaways

The global cat litter market is expected to witness high growth over the forecast period. The market size is projected to reach US$ 4.97 billion by 2024, rising at a CAGR of 6.8% between 2023-2030.

Regional analysis

North America currently dominates the global cat litter market accounting for over 35% share. The US holds the largest share owing to growing pet ownership and increased spending on pet care products in the country. Asia Pacific is expected to emerge as the fastest growing regional market led by China, India and other Southeast Asian countries. Rising pet adoption coupled with growing disposable incomes are driving the demand for cat litter in the region.

Key players

Key players operating in the cat litter market include Givaudan SA, International Flavors & Fragrances Inc., Firmenich SA, Symrise AG, Takasago International Corporation, Sensient Technologies Corporation, T. Hasegawa Co., Ltd. These companies have strong foothold in North America and are focusing on expanding in emerging markets through new product launches and partnerships.

Givaudan SA is one of the leading players with wide array of cat litter products catering to diverse needs of cats and their owners.

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