A CAGR is a compound annual growth rate - the mean annual growth
rate of an investment over a period of time longer than a year.
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The Global Dust-free Cat Litter Market Size is projected to grow at CAGR of approximately 5.6% during the forecast period.
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CAGR means Compounded Annual Growth Rate in terms of stock
market terms. Suppose Rs. 100 is invested in year 1 for 5 years
& after 5 years Rs. 100 become Rs.180 then CAGR in this case
shall be 16% i.e. Rs.Rs.80(Return)/Rs.100(Initially invested).