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Recent research on the global cat litter market provides a detailed analysis of key market dynamics, such as drivers, constraints, opportunities and trends shaping the future. The report also includes a detailed assessment of the competitive landscape, covering value chain and supply chain analysis.
Dubai, UAE, September 22, 2021/PRNewswire/ - Driven by the increasing adoption of pets worldwide, the demand for cat litter market is expected to compound by more than 5.3% between 2021 and 2031 Annual growth rate increases. Nursing products will lead to a growing demand for cat litter.
Some leading companies operating in the cat litter market rely extensively on e-commerce platforms to build their global presence. In this context, market participants are investing heavily in promotional activities and new product launches to attract cat owners.
The demand for natural cat litter is growing exponentially. This can be attributed to more and more cat owners adopting natural cat litter such as plant fiber cat litter. Increased environmental awareness has also promoted the adoption of recyclable and environmentally friendly cat litter.
Therefore, the demand for pine, walnut and corn cat litter is increasing. Under this guidance, some leading market participants are investing in research programs to provide environmentally friendly cat litter at a reasonable price. For example, Yesterday's News, a brand under Nestlé Purina, uses post-consumer waste from newspapers to produce odorless cat litter. These developments are expected to contribute to the growth of the market in the next few years.
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According to FMI, clumping garbage will become a highly sought after product category. The report predicts that by 2031, accumulated garbage will account for more than 79.3% of total market sales.
Private labels may become more and more popular in the market. FMI predicts that during the evaluation period of the report, the demand for the private label market segment will grow at a compound annual growth rate of 6.3%.
“The rapid digitization and expansion of e-commerce platforms have forced major manufacturers to focus on product innovation and new marketing strategies, such as Instagram and Facebook marketing, to expand their customer base,” said Future Market Insight analyst.
Key points of cat litter market research
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According to Future Market Insights, Nestlé Purina, Clorox, Dr. Elsie, Kent Pet Group and Torsa are the top five. New product offerings and promotional activities are some of the key expansion strategies adopted by the aforementioned industry players.
The well-known companies operating in the cat litter market introduced by Future Market Insights include:
More valuable market insights
In its latest report, Future Market Insights provides a comprehensive insight into the global cat litter market, showing historical demand data for 2016-2020 and forecast statistics for the period 2021-2031. The research conducted an in-depth report on the global cat litter market through fair analysis, which is subdivided into:
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Key issues covered in the cat litter market report
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving customers in more than 150 countries. FMI is headquartered in Dubai and has delivery centers in the United Kingdom, the United States and India. FMI's latest market research reports and industry analysis can help companies confidently and clearly respond to challenges and make key decisions in the fierce competition. Our customized joint market research reports provide actionable insights to drive sustainable growth. FMI's expert-led analyst team keeps track of emerging trends and events in various industries to ensure that our customers are prepared for the ever-changing needs of consumers.
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