Middle East & Africa Cbd Pet Market Size & Outlook
Middle East & Africa cbd pet market, 2018-2030 (US$M)
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MEA cbd pet market highlights
- The MEA cbd pet market generated a revenue of USD 6.4 million in 2023.
- The market is expected to grow at a CAGR of 29.6% 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, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 6.4 million |
| Market revenue in 2030 | USD 39.1 million |
| Growth rate | 29.6% (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, MEA region accounted for 2.6% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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CBD Pet Market Scope
CBD Pet Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 65.63% in 2023. Horizon Databook has segmented the Middle East & Africa cbd pet market based on dogs, cats covering the revenue growth of each sub-segment from 2018 to 2030.
The MEA region comprises South Africa and Saudi Arabia. The CBD pet market in the Middle East and Africa is driven by rising adoption rates of companion animals and increasing awareness among pet owners. Increasing government efforts to support animal healthcare facilities are anticipated to drive the market in this region.
However, it is expected that a complex regulatory framework for cannabis use, and cannabis-related myths may restrict market expansion. The cannabis market is expected to face challenges from intensive energy use and problems maintaining product uniformity for cannabis cultivation.
However, pet owners are becoming increasingly aware of the possible advantages of CBD (cannabidiol) for their animals. This includes its claimed advantages for treating inflammation, pain, anxiety, and other ailments in animals.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa cbd pet market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa cbd pet market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA cbd pet market size, by country, 2018-2030 (US$M)
Middle East & Africa CBD Pet Market Outlook Share, 2023 & 2030 (US$M)
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