Europe Cbd Pet Market Size & Outlook, 2023-2030
Europe cbd pet market, 2018-2030 (US$M)
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Europe cbd pet market highlights
- The Europe cbd pet market generated a revenue of USD 85.4 million in 2023.
- The market is expected to grow at a CAGR of 31.4% 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, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 85.4 million |
| Market revenue in 2030 | USD 579.2 million |
| Growth rate | 31.4% (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, Europe region accounted for 34.4% 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 |
|---|
Europe 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 65.11% in 2023. Horizon Databook has segmented the Europe cbd pet market based on dogs, cats covering the revenue growth of each sub-segment from 2018 to 2030.
The growing popularity of CBD in Europe can be attributed to the approval or authorization of CBD in most European countries. According to the European Food Safety Authority (EFSA), CBD qualifies as a novel food. Moreover, the European Union (EU) states that CBD products are legal for consumption and storage because there are no known health hazards.
Such factors are fueling the growth of the regional pet CBD market. Increasing pet healthcare awareness is driving market growth. Furthermore, the substantial number of insured pets is supporting the growth of Europe pet CBD market.
For instance, 90% of dogs in Sweden have insurance, according to the North American Pet Health Insurance Association. In addition, trade organizations such as the European Free Trade Association (EFTA) among Liechtenstein, Iceland, Norway, & Switzerland have facilitated trade between countries and increased growth opportunities in the region.
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Our clientele includes a mix of cbd pet market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe cbd pet market , including forecasts for subscribers. This continent databook contains high-level insights into Europe cbd pet market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe cbd pet market size, by country, 2018-2030 (US$M)
Europe CBD Pet Market Outlook Share, 2023 & 2030 (US$M)
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