Latin America Cbd Pet Market Size & Outlook, 2023-2030
Latin America cbd pet market, 2018-2030 (US$M)
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Latin America cbd pet market highlights
- The Latin America cbd pet market generated a revenue of USD 23.2 million in 2023.
- The market is expected to grow at a CAGR of 33.6% 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, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 23.2 million |
| Market revenue in 2030 | USD 176.3 million |
| Growth rate | 33.6% (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, Latin America region accounted for 9.3% 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 |
|---|
Latin America 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 65.09% in 2023. Horizon Databook has segmented the Latin America cbd pet market based on dogs, cats covering the revenue growth of each sub-segment from 2018 to 2030.
The Latin America CBD pet market is anticipated to grow during the forecast period. Decriminalization of cannabis, therapeutic properties of CBD, and domestic hemp production are some of the factors driving the growth of the Latin America market.
Moreover, Furthermore, the CBD market in the region is growing due to increasing government initiatives to legalize the industry. In addition, the anticipated increase in demand for CBD in medicinal treatments, along with the promotion of more accessible regulatory laws by international market
Participants, is expected to drive market growth. In LATAM and Caribbean countries, the legalization of cannabis has increased. The country's authorities have conducted a long campaign to decriminalize marijuana usage while combating the widespread illegal marijuana trade.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America cbd pet market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America cbd pet market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America cbd pet market size, by country, 2018-2030 (US$M)
Latin America CBD Pet Market Outlook Share, 2023 & 2030 (US$M)
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