Report Code: A13857 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Cbd Pet Market
Request Now !Cannabidiol (CBD) is a natural compound found in the hemp and cannabis plant, which is being largely used due to its medicinal properties. Pet CBD treatment is given to treat nausea, stress, cancer, seizures, and anxiety. Cannabis oil cake is alternative medicine used to treat such symptoms.Â
As the CBD oil cake does not contain tetrahydrocannabinol, it has no psychotropic effects on the neurological system, and therefore helps to improve sleep quality and sleep duration in pets. In addition, pet CBD exhibits anti-inflammatory action, as it interacts with the receptors in the immune cells of the body. In the veterinary market, pet CBD is available in capsule, topical, and tincture form.
COVID-19 Impact analysis
Top Impacting Factors
The perceived benefits of cannabis in fixing physical and mental issues in pets, preference for natural pet supplements, and high awareness among pet owners have augmented the market growth.Â
Hemp derivative products (seed oil, fiber, CBD) are widely used as pharmaceuticals, personal care, animal feed, food, and beverage, which further propel the CBD pet market growth.Â
Raising government support and favorable trade regulatory environments related to CBD, hemp, and cannabis is fueling the growth of the CBD pet market.
Industry players are constantly trying to develop new products to sustain their CBD pet market share. For instance, in March 2020, CBD Living launched 19 new products, which include chews, tinctures, topical, and gels. Â
The rising prevalence of bowel and GIT-related problems, cardiac disorders (heart attack and tachycardia), anxiety, insomnia, and excessive licking behavior in pets is expected to foster the growth of the pet CBD market.
However, side effects such as drowsiness, dry mouth, hypotension in pets after the treatment restrain the growth for the pet CBD market.
Market Trends
New product launches to flourish the market
Surge in usage due to varying consumer preferences toward organic healthcare CBD pet products
Key Benefits of the Report
Questions Answered in the CBD Pet Report
CBD Pet Market Report Highlights
Aspects | Details |
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By Product Type |
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By Application |
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By End User |
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By Region |
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Key Market Players | CBD Living, Petco, Honest Paws, Canna-Pet, Pet Relief, Charlotte’s Web, Joy Organics, Fomo Bones, HolistaPet, Wet Noses, Pet stock |
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