Canada Cbd Pet Market Size & Outlook, 2023-2030
Canada cbd pet market, 2018-2030 (US$M)
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Canada cbd pet market highlights
- The Canada cbd pet market generated a revenue of USD 10.1 million in 2023 and is expected to reach USD 77.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 33.8% 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 10.1 million |
| Market revenue in 2030 | USD 77.5 million |
| Growth rate | 33.8% (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, Canada accounted for 4.1% 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 North America, U.S. cbd pet market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 77.5 million by 2030.
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CBD Pet Market Scope
CBD Pet Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 65.35% in 2023. Horizon Databook has segmented the Canada cbd pet market based on dogs, cats covering the revenue growth of each sub-segment from 2018 to 2030.
The CBD pet market in Canada is expected to grow rapidly during the forecast period. This can be attributed to pet owners' growing demand for CBD-based products used to treat various health disorders in pet animals, including digestive problems, anxiety, mobility problems, chronic pain, skin irritation, and inflammation.
Moreover, American producers who have received FDA authorization can easily enter the Canadian market. This is because the Canadian Food Inspection Agency (CFIA) and the Department of Health Canada (Health Canada) have an agreement that Canada's food.
The production of hemp and CBD products has expanded due to several industrial hemp business registries & licenses in Canada. For instance, the Canadian government reported that 1,269 hemp licenses were issued in 2020, with over 1,091 of these licenses still in effect.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada cbd pet market , including forecasts for subscribers. This country databook contains high-level insights into Canada cbd pet market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada cbd pet market size, by animal type, 2018-2030 (US$M)
Canada CBD Pet Market Outlook Share, 2023 & 2030 (US$M)
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