Spain Cbd Pet Market Size & Outlook, 2023-2030
Spain cbd pet market, 2018-2030 (US$M)
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Spain cbd pet market highlights
- The Spain cbd pet market generated a revenue of USD 7.7 million in 2023 and is expected to reach USD 50.5 million by 2030.
- The Spain 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.
Cbd pet market data book summary
| Market revenue in 2023 | USD 7.7 million |
| Market revenue in 2030 | USD 50.5 million |
| Growth rate | 30.8% (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, Spain accounted for 3.1% 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 Europe, UK cbd pet market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 123.2 million by 2030.
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CBD Pet Market Scope
CBD Pet Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Spain 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 64.94% in 2023. Horizon Databook has segmented the Spain cbd pet market based on dogs, cats covering the revenue growth of each sub-segment from 2018 to 2030.
The CBD pet market in Spain is anticipated to grow over the forecast period. Cannabis cultivation in the country is permitted by the Spanish Agency for Medicines and Medical Products. Spain is one of the countries in the EU that produces the most hemp.
Spanish regulations support the general EU industrial hemp law's decision to formally permit the manufacturing and purchase of CBD products with less than 0.2% THC. Furthermore, Spain is one of the biggest countries for cannabis research in Europe and a hotspot for industrial hemp growth.
Such factors are expected to boost growth opportunities for CBD pet market players. The annual expenditure on veterinary care for pets has increased due to heightened awareness among owners. In addition, the expanding adoption of pets in the country is driving market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain cbd pet market , including forecasts for subscribers. This country databook contains high-level insights into Spain cbd pet market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain cbd pet market size, by animal type, 2018-2030 (US$M)
Spain CBD Pet Market Outlook Share, 2023 & 2030 (US$M)
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