One of the main factors driving the growth of the cat litter industry is the increasing humanization of pets. For instance, the American Pet Products Association found that the number of cats in the US increased significantly from 73 million in 2000 to nearly 95 million in 2017. This figure is rising and will likely continue to do so over the predicted period. Moreover, the country had over 37.9 million cats in 2017, according to the Brazilian Association of the Industry of Pet Products (Abinpet). The humanization of pets is a result of increased incomes, shifting demographics, and changing consumer tastes. The continued introduction of novel solutions into the market is anticipated to boost market expansion. For instance, the Dow Chemical Company (Dow)'s PRIVENTZ Ammonia Prevention Technology was used by Scooper Cat LLC to introduce the Scooper Cat brand litter in April 2018. To reduce cats' exposure to ammonia, the product works harder to combat dangerous situations. Major players are spending a lot of money to increase the capacity of kitty litter manufacture. Over the projected term, this is anticipated to offer players attractive growth prospects.
According to Coherent Market Insights, The market for Cat Litter was estimated at USD 4,517.30 million globally in 2021, and from 2022 to 2030, it is expected to increase at a CAGR of 5.40%.
Leading Companies in the Cat Litter Industry:
1. Mars Inc.
The company was started in 1911 and has its main office in McLean, Virginia, United States. The business provides animal care services in addition to producing confections, drinks, pet food, and other food items. The whole-fruit snacking company Trü Frü, with its headquarters in West Valley City, was acquired by Mars, according to a December 2022 announcement. Mars paid $5 billion to fully acquire Kind North America, a maker of snack foods, in November 2020.
2. Nestle SA (Purina)
The business was founded in 2001 and is based in St. Louis, Missouri, US. A worldwide corporation that produces and sells a variety of packaged foods is Nestle S.A. The Nestle SA (PURINA) advanced a USD 128 million project in June 2021 to expand the area and production capabilities of the cat litter manufacturing facility in King William County, Virginia.