North America Cbd Pet Market Size & Outlook, 2023-2030
North America cbd pet market, 2018-2030 (US$M)
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North America cbd pet market highlights
- The North America cbd pet market generated a revenue of USD 99.9 million in 2023.
- The market is expected to grow at a CAGR of 30.8% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 99.9 million |
| Market revenue in 2030 | USD 654.4 million |
| Growth rate | 30.8% (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, North America region accounted for 40.2% 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 |
|---|
North 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 64.96% in 2023. Horizon Databook has segmented the North America cbd pet market based on dogs, cats covering the revenue growth of each sub-segment from 2018 to 2030.
The North America region includes the U.S. and Canada. The region is expected to dominate the CBD pet market during the forecast period. The increased benefits of cannabis, coupled with high awareness among owners, are driving the market growth.
The rising legalization of cannabis for medical purposes in the U.S., coupled with favorable government regulations, is increasing opportunities for CBD pet market players. Furthermore, an overall increase in the acceptance of cannabidiol for pet care, pharmaceuticals, and wellness is expected to fuel market growth.
The market growth can also be attributed to the increasing R&D activities of major CBD pet companies. These companies launch new products and increase strategic collaborations with other market players. In addition, multiple owners are moving toward pet parenting from pet ownership.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America cbd pet market , including forecasts for subscribers. This continent databook contains high-level insights into North America cbd pet market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America cbd pet market size, by country, 2018-2030 (US$M)
North America CBD Pet Market Outlook Share, 2023 & 2030 (US$M)
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