Cannabidiol (CBD) Pet Market - By Pet Type, Product Type, Application, Distribution Channel

Description

Cannabidiol Pet Market size will record 18.2% CAGR from 2024-2032, led by the growing focus on the expansion of product offerings, including oils, treats, capsules, and topical applications tailored to different pet needs. For example, in May 2022, Polish hemp firm Kombinat Konopny disclosed plans to produce pet treats and related products for cats and dogs by using cannabidiol (CBD) oil. Of late, numerous CBD products are designed for specific conditions, such as anxiety relief, pain management, and joint support. Increased availability of CBD pet products on e-commerce platforms for making them more accessible to a wider audience will also anchor the market growth.

The CBD pet industry is classified into pet type, product type, application, distribution channel, and region.

By pet type, the industry value from the cats segment is anticipated to witness lucrative growth between 2024 and 2032, owing to the potential health benefits, particularly for pain relief, anxiety, and overall wellness. In addition to stimulating appetite in cats who are ill or undergoing treatments like chemotherapy, CBD supports general health and can improve the quality of life, especially in aging cats. The development of various product forms, such as oils, treats, and topicals will also boost the segment growth.

In terms of application, the cannabidiol pet market share from the pain management segment will depict significant expansion through 2032. CBD offers anti-inflammatory properties that help reduce inflammation-related pain, making it beneficial for conditions like arthritis and inflammatory diseases. With pet owners increasingly seeking natural and holistic alternatives to traditional pharmaceuticals, CBD has evolved as a safer option with fewer side effects.

Regionally, the Asia Pacific CBD pet industry size may accrue a noteworthy CAGR between 2024 and 2032, due to the onset of urban living and the growing popularity of smaller pets. More veterinarians across the region are recognizing and endorsing the use of CBD products for pets, further increasing consumer confidence. Growing awareness among pet owners about the health benefits of CBD for pets, such as pain relief, anxiety reduction, and overall wellness will influence the product demand.

Product Code: 9941

Chapter 1 Methodology & Scope

1.1 Market scope & definitions
1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
1.3 Base estimates & calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
1.4 Forecast model
1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Increasing incidence of chronic disorders in pets
  - 3.2.1.2 Growing pet care expenditure
  - 3.2.1.3 Increasing R&D investment and activities
- 3.2.2 Industry pitfalls & challenges
  - 3.2.2.1 Adverse effects
  - 3.2.2.2 Regulatory challenges
3.3 Growth potential analysis
3.4 Future market trends
3.5 Regulatory landscape
3.6 Porter's analysis
3.7 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company matrix analysis
4.3 Competitive analysis of major market players
4.4 Competitive positioning matrix
4.5 Strategy dashboard

Chapter 5 Market Estimates and Forecast, By Pet Type, 2021 - 2032 ($ Mn)

5.1 Key trends
5.2 Cats
5.3 Dogs
5.4 Other pet types

Chapter 6 Market Estimates and Forecast, By Product Type, 2021 - 2032 ($ Mn)

6.1 Key trends
6.2 Therapeutics
- 6.2.1 CBD oil
- 6.2.2 CBD tincture
- 6.2.3 CBD capsules
- 6.2.4 CBD topicals
6.3 Supplements

Chapter 7 Market Estimates and Forecast, By Application, 2021 - 2032 ($ Mn)

7.1 Key trends
7.2 Pain management
7.3 Anxiety and stress relief
7.4 Joint health and mobility
7.5 Skin and allergies
7.6 Other applications

Chapter 8 Market Estimates and Forecast, By Distribution Channel, 2021 - 2032 ($ Mn)

8.1 Key trends
8.2 Pet specialty stores
8.3 CBD stores
8.4 E-commerce
8.5 Other distribution channels

Chapter 9 Market Estimates and Forecast, By Region, 2021 - 2032 ($ Mn)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 France
- 9.3.4 Spain
- 9.3.5 Italy
- 9.3.6 Netherlands
- 9.3.7 Rest of Europe
9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 South Korea
- 9.4.6 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Rest of Latin America
9.6 Middle East and Africa
- 9.6.1 Saudi Arabia
- 9.6.2 South Africa
- 9.6.3 UAE
- 9.6.4 Rest of Middle East and Africa

Chapter 10 Company Profiles

10.1 Antelope
10.2 CBDfx
10.3 CBD living
10.4 CannPal Animal Therapeutics (AusCann Group Holdings)
10.5 Canna-Pet
10.6 Canopy Animal Health
10.7 Charlotte's Web Holdings, Inc.
10.8 CV Sciences, Inc.
10.9 Elixinol Wellness Limited
10.10 Hempstrol
10.11 Holistapet
10.12 Honest Paws
10.13 Nature can pets
10.14 Petco Health and Wellness Company, Inc.
10.15 Rabbit CBD Company

Cannabidiol (CBD) Pet Market - By Pet Type, Product Type, Application, Distribution Channel - Global Forecast 2024-2032