Brazil Cbd Pet Market Size & Outlook, 2023-2030
Brazil cbd pet market, 2018-2030 (US$M)
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Brazil cbd pet market highlights
- The Brazil cbd pet market generated a revenue of USD 8.7 million in 2023 and is expected to reach USD 63.6 million by 2030.
- The Brazil market is expected to grow at a CAGR of 33% 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 8.7 million |
| Market revenue in 2030 | USD 63.6 million |
| Growth rate | 33% (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, Brazil accounted for 3.5% 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 Latin America, Brazil cbd pet market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 49.1 million by 2030.
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CBD Pet Market Scope
CBD Pet Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil 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 64.37% in 2023. Horizon Databook has segmented the Brazil cbd pet market based on dogs, cats covering the revenue growth of each sub-segment from 2018 to 2030.
The CBD pet market is expected to grow during the forecast period. The Brazilian Chamber of Deputies received a bill (369/2021) allowing veterinarians to prescribe cannabis products. The bill requires that products be approved by Brazilian regulatory authorities or, in the case of imported products, their equivalent in the country of origin.
The bill states that products must adhere to current restrictions for human-use products if the government does not adopt separate regulations for veterinary products. Since 2014, doctors have been permitted to prescribe cannabis products for medical purposes. However, cultivation is still prohibited.
The prescription of cannabis products is allowed once a patient has completed all other available alternative treatments. Products containing more than 0.2 percent THC can only be recommended for supportive care to patients who have no other therapeutic options and are in an irreversible or terminal clinical condition.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil cbd pet market , including forecasts for subscribers. This country databook contains high-level insights into Brazil cbd pet market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil cbd pet market size, by animal type, 2018-2030 (US$M)
Brazil CBD Pet Market Outlook Share, 2023 & 2030 (US$M)
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