What is Global Pet CBD (cannabidiol) Market?
The Global Pet CBD (cannabidiol) Market is a rapidly growing sector within the broader pet care industry. CBD, or cannabidiol, is a compound derived from the cannabis plant that is non-psychoactive, meaning it doesn't produce the "high" associated with marijuana. In recent years, pet owners have increasingly turned to CBD products to help manage various health issues in their pets, such as anxiety, pain, and inflammation. The market includes a wide range of products like CBD oils, capsules, treats, and topicals, all designed to provide therapeutic benefits to pets. The growing awareness of the potential health benefits of CBD, coupled with increasing acceptance of cannabis-derived products, has fueled the expansion of this market. As more research supports the efficacy and safety of CBD for pets, the demand for these products is expected to continue rising. This market is not only limited to dogs and cats but also extends to other pets like birds, rabbits, and even horses, making it a diverse and dynamic segment within the pet care industry.
CBD Capsule, CBD Oil, CBD Jelly, Other in the Global Pet CBD (cannabidiol) Market:
CBD capsules are one of the most popular forms of CBD products for pets. These capsules are easy to administer and provide a precise dosage, making them a convenient option for pet owners. They are typically made with high-quality CBD extract and are designed to be easily digestible for pets. CBD oil, on the other hand, is a versatile product that can be added to a pet's food or administered directly into their mouth. It is known for its fast-acting effects and is often used to manage acute conditions like anxiety or pain. CBD oil is available in various concentrations, allowing pet owners to choose the right strength for their pet's needs. CBD jelly is another innovative product in the Global Pet CBD Market. These jellies are usually flavored to appeal to pets and can be given as a treat. They are a fun and tasty way to provide the benefits of CBD to pets, making it easier for pet owners to incorporate CBD into their pet's routine. Other CBD products in the market include topicals, which are applied directly to the skin to target localized pain or inflammation, and CBD-infused treats, which combine the benefits of CBD with the enjoyment of a tasty snack. These products are designed to cater to the diverse needs of pets and their owners, offering a range of options to suit different preferences and requirements. The variety of CBD products available in the market reflects the growing demand for natural and holistic solutions for pet health. As more pet owners seek alternatives to traditional medications, the Global Pet CBD Market is expected to continue expanding, offering new and innovative products to meet the needs of pets and their owners.
Pets Gastrointestinal Diseases, Pet Sleep Disorder, Pet Anxiety, Other in the Global Pet CBD (cannabidiol) Market:
The usage of CBD in the Global Pet CBD Market spans various health issues, including gastrointestinal diseases, sleep disorders, anxiety, and other conditions. For pets suffering from gastrointestinal diseases, CBD has been found to have anti-inflammatory properties that can help reduce inflammation in the digestive tract, easing symptoms like pain and discomfort. It can also stimulate appetite, which is beneficial for pets that have lost their desire to eat due to illness. In the case of sleep disorders, CBD can promote relaxation and improve sleep quality. Pets that struggle with insomnia or disrupted sleep patterns can benefit from the calming effects of CBD, leading to better rest and overall well-being. Anxiety is another common issue that CBD can help manage. Many pets experience anxiety due to various factors such as separation from their owners, loud noises, or changes in their environment. CBD has been shown to have anxiolytic properties, which can help reduce anxiety and promote a sense of calm in pets. This can be particularly beneficial for pets that suffer from chronic anxiety or stress-related behaviors. Other conditions that CBD can help manage include chronic pain, arthritis, and seizures. The anti-inflammatory and analgesic properties of CBD make it an effective option for managing pain and inflammation associated with conditions like arthritis. Additionally, CBD has been found to have anticonvulsant properties, which can help reduce the frequency and severity of seizures in pets with epilepsy. Overall, the usage of CBD in the Global Pet CBD Market offers a natural and holistic approach to managing various health issues in pets. As more research supports the efficacy and safety of CBD, it is likely to become an increasingly popular option for pet owners seeking alternative treatments for their pets' health conditions.
Global Pet CBD (cannabidiol) Market Outlook:
The global Pet CBD cannabidiol market was valued at US$ 8 million in 2023 and is anticipated to reach US$ 10 million by 2030, witnessing a CAGR of 3.4% during the forecast period 2024-2030. According to Vetnosis, the value of the global animal health industry increased by 12% to $38.3 billion in 2021. Additionally, data from the 2022 China Pet Medical Industry White Paper indicates that the market size of China's pet medical market is about 67.5 billion, accounting for approximately 22.5% of the entire pet industry. This growth reflects the increasing demand for pet healthcare products, including CBD, as pet owners become more aware of the potential health benefits of these products. The expanding market for pet CBD products is driven by factors such as the growing pet population, increasing disposable income of pet owners, and rising awareness of the therapeutic benefits of CBD. As more research supports the efficacy and safety of CBD for pets, the demand for these products is expected to continue rising, contributing to the overall growth of the Global Pet CBD Market.
| Report Metric | Details |
| Report Name | Pet CBD (cannabidiol) Market |
| Accounted market size in 2023 | US$ 8 million |
| Forecasted market size in 2030 | US$ 10 million |
| CAGR | 3.4% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Canna-Pet, Choom Holdings, Receptra Naturals, Curaleaf, Trulieve Cannabis, Pure Spectrum, Cannabis Strategies Acquisition, Pet Releaf, Diamond CBD, PotNetwork Holdings, Kat's Naturals, Bluebird Botanicals |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
