Australia Cbd Pet Market Size & Outlook, 2023-2030
Australia cbd pet market, 2018-2030 (US$M)
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Australia cbd pet market highlights
- The Australia cbd pet market generated a revenue of USD 6.3 million in 2023 and is expected to reach USD 49.8 million by 2030.
- The Australia market is expected to grow at a CAGR of 34.3% 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.
Cbd pet market data book summary
| Market revenue in 2023 | USD 6.3 million |
| Market revenue in 2030 | USD 49.8 million |
| Growth rate | 34.3% (CAGR from 2023 to 2030) |
| Largest segment | Dogs |
| Fastest growing segment | Cats |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Australia accounted for 2.5% of the global cbd pet market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan cbd pet market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 14.2 million by 2030.
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CBD Pet Market Scope
CBD Pet Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia 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 65.08% in 2023. Horizon Databook has segmented the Australia cbd pet market based on dogs, cats covering the revenue growth of each sub-segment from 2018 to 2030.
The use of CBD for pets is on the rise in Australia's expanding medicinal cannabis market. The country has plans to cultivate, market, and export CBD to meet the growing demand. CBD is gaining popularity as a treatment for pet health issues as part of a comprehensive approach to managing chronic illnesses.
As long as they have received approval from the Australian Register of Therapeutic Goods (ARTG), products with small amounts of CBD are considered safe and legal. Moreover, according to INN report, on February 1, 2021, purchasing low-dose CBD products from pharmacies was officially legal.
This modification marked a reclassification of CBD by Australia's Therapeutic Goods Administration; it was moved from Schedule 4 (prescription medicine) to Schedule 3 (nonprescription medicine) (pharmacist-only medicine).
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia cbd pet market , including forecasts for subscribers. This country databook contains high-level insights into Australia cbd pet market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia cbd pet market size, by animal type, 2018-2030 (US$M)
Australia CBD Pet Market Outlook Share, 2023 & 2030 (US$M)
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