U.S. Cbd Pet Market Size & Outlook, 2023-2030
U.S. cbd pet market, 2018-2030 (US$M)
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U.S. cbd pet market highlights
- The U.S. cbd pet market generated a revenue of USD 89.8 million in 2023 and is expected to reach USD 576.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 30.4% 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 89.8 million |
| Market revenue in 2030 | USD 576.9 million |
| Growth rate | 30.4% (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, U.S. accounted for 36.2% 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 North America, U.S. cbd pet market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 77.5 million by 2030.
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CBD Pet Market Scope
CBD Pet Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 64.92% in 2023. Horizon Databook has segmented the U.S. cbd pet market based on dogs, cats covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. accounted for the largest share of the CBD pet market as of 2023. The CBD pet market in the country is anticipated to grow due to the increasing demand for natural & organic pet products such as CBD-infused oils, treats, and other products.
For instance, in the U.S., 65% of pet owners in 2023 utilized CBD for their animals. Moreover, the market growth is fueled by high spending on pet food & treats, The growth of the CBD pet market has been positively impacted by the presence of significant market
Players such as Pet Releaf and Petco Animal Supplies, Inc. These companies are focusing on launching new products and forming strategic alliances. As CBD pet supplements are gaining popularity and are being readily accepted, the players are anticipated to have tremendous growth opportunities.
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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 U.S. cbd pet market , including forecasts for subscribers. This country databook contains high-level insights into U.S. cbd pet market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. cbd pet market size, by animal type, 2018-2030 (US$M)
U.S. CBD Pet Market Outlook Share, 2023 & 2030 (US$M)
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