Authored By: Sarah
21 Oct 2024

new cbd-based product launch by vendors is driving the CBD Pet Products Market

Latest News:- CBD Pet Products Market: Dogs is expected to lead the Animal Type segment during 2024-2028

Technavio analyzes that the CBD Pet Products Market is expected to grow at a CAGR of 21.2% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1022.1 million.There are various factors that contribute to the growth of the market. Vendors in the CBD pet products market are expanding their offerings with the introduction of new CBD-based products. These innovative offerings cater to the growing demand for natural solutions for pets' health and wellness. The new product launches include CBD oils, treats, and capsules, all formulated to enhance pet health and provide relief from various conditions. These products are sourced from high-quality hemp and undergo rigorous testing to ensure safety and efficacy. The addition of these new offerings is expected to boost market growth and cater to an increasing number of pet owners seeking natural alternatives for their pets' healthcare needs.

The CBD pet products market has witnessed substantial growth, particularly in the canine sector, driven by pet owners' increasing preference for holistic wellness solutions. This trend is mirroring the expanding acceptance of CBD for human health applications. Broad-spectrum CBD products, such as those offered by Sky Wellness and Pet Releaf, are gaining popularity for their potential benefits in joint health and pain relief. Hemp-based CBD edibles and topicals from brands like Healthy TOKYO and Cannabidiol are also gaining traction as gentler alternatives to traditional medications. The legalization of CBD in many regions is further fueling market expansion. Despite anecdotal evidence and emerging research, it is essential to acknowledge that scientific validation for CBD's efficacy in managing conditions like arthritis and anxiety in pets is still in its infancy. 

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CBD Pet Products Market Segmentation

  • Animal Type
    • Dogs
    • Cats
    • Others
  • Distribution Channel
    • Offline
    • Online
  • Geography
    • North America
    • Europe
    • APAC
    • South America
    • Middle East and Africa

Top Performing Companies

As per our research findings, here are some of the key competitors that are leading the industry

  • Canna Pet
  • CBD American Shaman
  • CBD Living
  • CBDfx
  • Gaia Botanicals LLC
  • Green Roads.
  • Hemp Bombs
  • HempMyPet
  • Honest Paws
  • Innovet Pet Products
  • Joy Organics LLC
  • King Kanine
  • Koi CBD
  • Lazarus Naturals
  • NuLeaf Naturals LLC
  • Paw CBD
  • Pet Releaf
  • PureKana
  • Treatibles
  • Veritas Farms

Find out what is trending in the market by accessing the free PDF report

Research Analysis Overview

The CBD pet products market is experiencing significant growth due to the increasing humanization of pets and the belief in the medical and therapeutic benefits of natural supplements like Cannabidiol (CBD). With legalization of cannabis and hemp-based products, pet owners are spending more on CBD-infused edibles, topicals, beverages, and e-commerce purchases for their furry friends. CBD is known to help with various health issues such as bowel problems, GIT-related disorders, anxiety disorders, sleep disorders, cancer treatment, and cardiac disorders. Non-psychoactive CBD offers health benefits without the psychoactive effects associated with THC. Commercial retailers and Quality pet food brands like Healthy TOKYO are also jumping on the CBD bandwagon to cater to this growing demand.

Market Research Overview

The CBD pet products market encompasses businesses engaged in the production and distribution of cannabidiol (CBD) supplements for animals. The market's expansion is driven by the increasing humanization of pets and the recognition of CBD's medical and therapeutic benefits for animals. Conditions such as bowel problems, GIT-related issues, anxiety disorders, and sleep disorders are common in pets, leading to significant expenditure on CBD treatments. In the context of cancer treatment, CBD's antitumor properties have shown promise. The market's size is determined by the combined revenue generated by these businesses. The market does not include CBD equipment manufacturers or producers of alcoholic and non-alcoholic beverages. The market's growth is fueled by the increasing awareness of CBD's health benefits for pets and the rising demand for natural alternatives to conventional treatments.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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