Saudi Arabia Cbd Pet Market Size & Outlook, 2023-2030
Saudi Arabia cbd pet market, 2018-2030 (US$M)
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Saudi Arabia cbd pet market highlights
- The Saudi Arabia cbd pet market generated a revenue of USD 0.9 million in 2023 and is expected to reach USD 4.8 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 28% 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 0.9 million |
| Market revenue in 2030 | USD 4.8 million |
| Growth rate | 28% (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, Saudi Arabia accounted for 0.3% 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 Middle East & Africa, South Africa cbd pet market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 10.1 million by 2030.
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CBD Pet Market Scope
CBD Pet Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 66.67% in 2023. Horizon Databook has segmented the Saudi Arabia cbd pet market based on dogs, cats covering the revenue growth of each sub-segment from 2018 to 2030.
In the Middle East and Arab countries such as Saudi Arabia, there are several restrictions regarding CBD, including a lack of research on cannabis' potential medical applications, legal & ethical prohibition of its usage, and a lack of funding for such studies.
Arab and Middle Eastern countries continue to ban the use of cannabis and cannabis-derived products completely. The Arab countries might legalize cannabis in the future as the use of cannabis expands globally
To meet medical needs and provide additional treatment options for certain diseases or ailments. Moreover, rising investments in pet care products are expected to drive the market over the forecast period.
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Target buyers of Saudi Arabia cbd pet market databook
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Our clientele includes a mix of cbd pet market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia cbd pet market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia cbd pet market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia cbd pet market size, by animal type, 2018-2030 (US$M)
Saudi Arabia CBD Pet Market Outlook Share, 2023 & 2030 (US$M)
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