PUBLISHER: Value Market Research | PRODUCT CODE: 1274348
PUBLISHER: Value Market Research | PRODUCT CODE: 1274348
The global demand for CBD Pet Market is presumed to reach the market size of nearly USD 3901.24 MN by 2030 from USD 211.95 MN in 2022 with a CAGR of 43.92% under the study period 2023 - 2030.
Cannabidiol or CBD refers to a natural compound found in hemp and cannabis plants, largely used due to its medicinal properties. Pet CBD treatment is given to treat nausea, stress, cancer, seizures, and anxiety. It is an alternative medicine used to treat such symptoms. 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 body's immune cells. Pet CBD is available in capsule, topical, and tincture forms in the veterinary market.
Rising R&D initiatives, increasing demand, pet humanization, and expenditure primarily drive the Pet CBD market. The positive impact included increased demand for CBD pet products owing to rising pet health concerns and pet expenditure. Moreover, the need to protect animals from viruses is expected to increase product demand, thus contributing to market growth. However, the complexity and uncertainty around regulations are key restraining factors for the cannabidiol (CBD) pet market. Nonetheless, favourable initiatives undertaken by the governing authorities to promote health awareness and increase expenditure are projected to propel the demand for CBD pets over the post-pandemic period.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of cbd pet. The growth and trends of cbd pet industry provide a holistic approach to this study.
This section of the cbd pet market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the CBD Pet market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the cbd pet market include Honest Paws, Canna-Pet, FOMO Bones, Pet Releaf, HolistaPet, Joy OrGaNics, Wet Noses Natural Dog Treat Co., CBD Living, PETstock, Petco Animal Supplies Inc., Charlotte's Web, Green Roads, HempMy Pet. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.