South Africa Cbd Pet Market Size & Outlook, 2023-2030
South Africa cbd pet market, 2018-2030 (US$M)
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South Africa cbd pet market highlights
- The South Africa cbd pet market generated a revenue of USD 1.6 million in 2023 and is expected to reach USD 10.1 million by 2030.
- The South Africa market is expected to grow at a CAGR of 29.7% 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 1.6 million |
| Market revenue in 2030 | USD 10.1 million |
| Growth rate | 29.7% (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, South Africa accounted for 0.7% 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 |
|---|
South 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 68.75% in 2023. Horizon Databook has segmented the South Africa cbd pet market based on dogs, cats covering the revenue growth of each sub-segment from 2018 to 2030.
As a treatment for various illnesses, such as arthritis and anxiety, cannabis oil for pets is gaining popularity. Unfortunately, little research has been done on consequences & safety, and no regulation exists.
Therefore, veterinarians find it challenging to safely and reliably administer CBD to pets until there are certified products accessible because the CBD business is mainly uncontrolled.
Although hemp/CBD-based products and recreational cannabis usage have both been authorized in South Africa, there is minimal regulation governing the control and monitoring of production standards.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa cbd pet market , including forecasts for subscribers. This country databook contains high-level insights into South Africa cbd pet market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa cbd pet market size, by animal type, 2018-2030 (US$M)
South Africa CBD Pet Market Outlook Share, 2023 & 2030 (US$M)
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