Mexico Cbd Pet Market Size & Outlook, 2023-2030
Mexico cbd pet market, 2018-2030 (US$M)
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Mexico cbd pet market highlights
- The Mexico cbd pet market generated a revenue of USD 5.8 million in 2023 and is expected to reach USD 49.1 million by 2030.
- The Mexico market is expected to grow at a CAGR of 35.7% 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 5.8 million |
| Market revenue in 2030 | USD 49.1 million |
| Growth rate | 35.7% (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, Mexico accounted for 2.3% 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 Latin America, Brazil cbd pet market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 49.1 million by 2030.
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CBD Pet Market Scope
CBD Pet Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 65.52% in 2023. Horizon Databook has segmented the Mexico cbd pet market based on dogs, cats covering the revenue growth of each sub-segment from 2018 to 2030.
Due to increasing regulatory authorization for the use of cannabis in Mexico, the CBD pet market is anticipated to grow over the forecast period. For instance, in 2017, the Mexican government approved the cultivation, consumption, and production of medical cannabis with less than 1% THC.
The CBD pet market players now have more opportunities due to these favorable laws. Moreover, the Mexican Federal Commission approved & granted the import and sale of 38 cannabis-infused items in November 2018, expanding the market for products derived from hemp.
Another factor anticipated to boost the expansion of the CBD pet market is the enforcement of several government regulations for animals that depend on people for survival. For instance, according to the Domestic Animal Protection.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico cbd pet market , including forecasts for subscribers. This country databook contains high-level insights into Mexico cbd pet market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico cbd pet market size, by animal type, 2018-2030 (US$M)
Mexico CBD Pet Market Outlook Share, 2023 & 2030 (US$M)
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