Japan Cbd Pet Market Size & Outlook, 2023-2030
Japan cbd pet market, 2018-2030 (US$M)
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Japan cbd pet market highlights
- The Japan cbd pet market generated a revenue of USD 8.1 million in 2023 and is expected to reach USD 62.0 million by 2030.
- The Japan market is expected to grow at a CAGR of 33.7% 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 8.1 million |
| Market revenue in 2030 | USD 62.0 million |
| Growth rate | 33.7% (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, Japan accounted for 3.3% 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 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 |
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Japan 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 65.43% in 2023. Horizon Databook has segmented the Japan cbd pet market based on dogs, cats covering the revenue growth of each sub-segment from 2018 to 2030.
The rising aging population, as pets are considered good companions for the elderly; the use of organic or natural materials for manufacturing pet products like CBD oils by manufacturers; and growing pet ownership, leading to increased spending on service packages with more options, including CBD products, are the factors responsible for CBD pet market growth in Japan.
The CBD market is expanding despite the strict legal frameworks, and high-quality CBD products are available in major cities such as Tokyo. Moreover, Japan CBD pet market is fueled by government approvals that promote and permit the use of cannabis.
The Japanese government allowed the use of CBD in its provinces in 2016, which helped the CBD pet market grow. Another contributing factor is the Japanese culture's use of herbal remedies to address various medical conditions. These factors are expected to propel market growth in the near future.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan cbd pet market , including forecasts for subscribers. This country databook contains high-level insights into Japan cbd pet market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan cbd pet market size, by animal type, 2018-2030 (US$M)
Japan CBD Pet Market Outlook Share, 2023 & 2030 (US$M)
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