Germany Cbd Pet Market Size & Outlook, 2023-2030
Germany cbd pet market, 2018-2030 (US$M)
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Germany cbd pet market highlights
- The Germany cbd pet market generated a revenue of USD 15.5 million in 2023 and is expected to reach USD 107.1 million by 2030.
- The Germany market is expected to grow at a CAGR of 31.8% 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 15.5 million |
| Market revenue in 2030 | USD 107.1 million |
| Growth rate | 31.8% (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, Germany accounted for 6.3% 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 Europe, UK cbd pet market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 123.2 million by 2030.
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CBD Pet Market Scope
CBD Pet Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany 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 65.16% in 2023. Horizon Databook has segmented the Germany cbd pet market based on dogs, cats covering the revenue growth of each sub-segment from 2018 to 2030.
Germany is one of the top five countries cultivating hemp in the European region. As the government legalized cannabis usage for medical purposes, the market is expected to expand considerably. Germany also has the largest medicinal cannabis industry in the region.
The Federal Institute for Drugs and Medical Devices (BfArM) began cultivating cannabis at the beginning of 2020, which was earlier strictly imported. Germany is expected to produce cannabis for industrial use. These factors are expected to accelerate market growth.
Germany has a vast number of companion animals in Europe. A recent report by the Central Association of Zoological Specialist Companies (ZZF) stated that in 2023, 45% of German households owns at least one pet.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany cbd pet market , including forecasts for subscribers. This country databook contains high-level insights into Germany cbd pet market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany cbd pet market size, by animal type, 2018-2030 (US$M)
Germany CBD Pet Market Outlook Share, 2023 & 2030 (US$M)
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