UK Cbd Pet Market Size & Outlook, 2023-2030
UK cbd pet market, 2018-2030 (US$M)
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UK cbd pet market highlights
- The UK cbd pet market generated a revenue of USD 21.1 million in 2023 and is expected to reach USD 138.3 million by 2030.
- The UK 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 21.1 million |
| Market revenue in 2030 | USD 138.3 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, UK accounted for 8.5% 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 |
|---|
UK 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 65.4% in 2023. Horizon Databook has segmented the UK cbd pet market based on dogs, cats covering the revenue growth of each sub-segment from 2018 to 2030.
The UK CBD pet market is expected to grow lucratively during the forecast period. An increase in pet ownership and pet insurance is contributing to market growth. Approximately 53% of UK households owned pets in 2023, with 29% of these pets being dogs, according to FEDIAF.
Furthermore, pets are increasingly getting insured due to the prevalence of pet diseases. About 25% to 30% of pets were insured in the country. Although growing, possessing, or distributing cannabis was banned in the country, the use of medical cannabis was approved in 2018.
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Our clientele includes a mix of cbd pet market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK cbd pet market , including forecasts for subscribers. This country databook contains high-level insights into UK cbd pet market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK cbd pet market size, by animal type, 2018-2030 (US$M)
UK CBD Pet Market Outlook Share, 2023 & 2030 (US$M)
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