Asia Pacific Cbd Pet Market Size & Outlook, 2023-2030
Asia Pacific cbd pet market, 2018-2030 (US$M)
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Asia Pacific cbd pet market highlights
- The Asia Pacific cbd pet market generated a revenue of USD 33.5 million in 2023.
- The market is expected to grow at a CAGR of 34.7% from 2024 to 2030.
- In terms of segment, dogs was the largest revenue generating animal type in 2023.
- Cats is the most lucrative animal type segment registering the fastest growth during the forecast period.
- Country-wise, South Korea is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 33.5 million |
| Market revenue in 2030 | USD 269.5 million |
| Growth rate | 34.7% (CAGR from 2023 to 2030) |
| Largest segment | Dogs |
| Fastest growing segment | Cats |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Dogs, Cats |
| Key market players worldwide | Petco Health and Wellness Co Inc Ordinary Shares - Class A, Charlottes Web Holdings Inc Ordinary Shares, Woolworths Group Ltd, SNDL Inc Ordinary Shares, Honest Paws, Canna-Pet, Green Roads, Pet Releaf, Holistapet, Joy Organics, Wet Noses, CBD Living, Hemp My Pet |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 13.5% of the global cbd pet market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 269.5 million by 2030.
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CBD Pet Market Scope
CBD Pet Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific cbd pet market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cbd pet market will help companies and investors design strategic landscapes.
Dogs was the largest segment with a revenue share of 65.07% in 2023. Horizon Databook has segmented the Asia Pacific cbd pet market based on dogs, cats covering the revenue growth of each sub-segment from 2018 to 2030.
The CBD pet market in Asia Pacific is expected to grow rapidly during the forecast period. The region's CBD pet market is expanding due to factors such as the increasing authorization of CBD in various countries and supportive government initiatives by Thailand, South Korea, & Australia for the use of CBD.
Moreover, since 2016, medical cannabis has been allowed in Australia. To promote the cannabis market, the federal government authorized the export of medical cannabis in 2018. Consequently, the country's CBD companies are now allowed to cultivate, manufacture, and sell cannabis.
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Target buyers of Asia Pacific cbd pet market databook
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Our clientele includes a mix of cbd pet market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific cbd pet market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific cbd pet market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific cbd pet market size, by country, 2018-2030 (US$M)
Asia Pacific CBD Pet Market Outlook Share, 2023 & 2030 (US$M)
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