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The CBD pet products market size is forecast to increase by USD 1.02 billion at a CAGR of 21.2% between 2023 and 2028. The market is experiencing significant growth due to the increasing popularity of non-psychoactive CBD-infused items for pets. These products cater to various health concerns, including anxiety and pain, making them an attractive alternative to traditional treatments. Commercial retailers and e-commerce platforms are capitalizing on this trend, offering a wide range of CBD-based beverages, skincare, and cosmetics for pets. Hospital pharmacies and clinical trials are also exploring the potential health benefits of CBD for animals. The launch of new CBD-based products continues to fuel market growth, as pet owners seek effective solutions to enhance their pets' wellbeing. Despite the promising outlook, challenges persist, including regulatory compliance and consumer education on proper dosage and usage. Overall, the market is poised for continued expansion, offering innovative solutions for pet health and wellness.
Cannabis, a plant long known for its psychoactive properties, has recently gained popularity for its therapeutic benefits, particularly in the form of Cannabidiol (CBD). This non-psychoactive compound has been making waves in the human health industry due to its potential medical benefits, and now, it's making its way into pet care. Pet humanization, the trend of treating pets as family members, has led to an increase in pet care expenditure. Moreover, it can aid in treating sleep disorders and even help in managing cancer symptoms in pets. The legalization of hemp-based CBD products has made it easier for pet owners to access these supplements. Hemp-based CBD products are non-psychoactive, meaning they do not contain THC, the psychoactive compound found in cannabis. This makes them a safe and effective option for pets.
Furthermore, the market offers a wide range of options, including edibles, topicals, and beverages. Edibles come in various forms, such as treats, capsules, and oils. Topicals, on the other hand, are applied directly to the skin and can be used to target specific areas. Beverages are a convenient option for pet owners who want to incorporate CBD into their pet's daily routine. The e-commerce industry has played a significant role in the growth of the CBD pet product market. Online retailers offer a wide range of options, competitive pricing, and easy delivery, making it convenient for pet owners to purchase CBD products for their pets. Commercial retailers, such as pet stores and veterinary clinics, also offer CBD pet products, providing pet owners with a more traditional shopping experience.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The dogs segment is estimated to witness significant growth during the forecast period. The market in the United States has witnessed notable expansion, primarily in the canine sector. This trend is fueled by health-conscious pet owners seeking natural supplements for their beloved dogs. As CBD gains acceptance for human use, an equivalent trend emerges in the pet industry. CBD oil and other cannabinoid-based products offer potential therapeutic benefits for pets, providing relief without the harsh side effects commonly associated with conventional medications. Anecdotal evidence and preliminary research suggest CBD's potential in managing various conditions, although further scientific validation is necessary. The CBD market encompasses a range of products, including CBD capsules, tinctures, and CBD-infused foods.
CBD-infused products are perceived as a more benign option compared to conventional medications, providing relief without the undesirable side effects commonly linked to pharmaceuticals. The burgeoning collection of anecdotal evidence and ongoing research substantiates the use of CBD in addressing anxiety, pain, and skincare concerns in pets. However, it's essential to acknowledge that scientific substantiation is still in its infancy. Commercial retailers, including e-commerce platforms and hospital pharmacies, are increasingly stocking CBD-infused beverages, cosmetics, and other pet products.
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The dogs segment accounted for USD 205.80 million in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 64% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The North American market for CBD pet products is witnessing notable expansion due to heightened consumer understanding and approval of CBD as a valuable supplement for animals. The United States is a key player in the global CBD pet products industry, with an increasing number of high-profile introductions and collaborations boosting market presence and consumer confidence. This new product line, featuring pet treats, was created in partnership with Canopy Growth, a prominent Canadian cannabis corporation backed by Constellation Brands, a significant US beverage conglomerate.
CBD, derived from the cannabis plant, offers various medical and therapeutic benefits for pets, including relief from bowel problems, GIT-related problems, anxiety disorders, and sleep disorders. Furthermore, CBD is increasingly being explored as a potential treatment for cancer in pets. The growing trend of pet humanization, where pets are considered as family members, is fueling the demand for natural and effective supplements like CBD pet products. According to market research, the North American market is expected to continue its growth trajectory in the coming years.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
New CBD-based product launch by companies is the key driver of the market. The market in the United States is witnessing notable growth due to the rising demand for natural and effective health solutions for pets. This trend is fueled by pet owners' increasing focus on providing high quality food, supplements, veterinary care, grooming aids, toys, and other essentials for their beloved companions. In response to this growing need, companies are introducing a variety of CBD-infused pet products.
This expansion underscores CV Sciences' dedication to delivering top-tier, targeted health solutions for pets using organic and natural CBD extracts. As the aging pet population continues to grow, the demand for CBD pet products is expected to increase further, making this an exciting and lucrative market for businesses.
CBD pet supplement gaining traction is the upcoming trend in the market. The market in the United States is experiencing notable growth due to the increasing recognition of the potential health advantages for animals. This trend is reflected in the expanding range of CBD-infused offerings from prominent brands, which cater to various health concerns in pets. These supplements are formulated using premium, natural components, including cannabidiol (CBD) and cannabigerol (CBG), derived from hemp, to ensure water-soluble and calming properties.
The availability of these products through e-commerce platforms and commercial retailers, including hospital pharmacies, further facilitates their accessibility to pet owners. Clinical trials are ongoing to validate the efficacy of CBD in addressing specific pet health issues, adding to the market's promising future.
Health issues associated with CBD is a key challenge affecting the market growth. The market in the United States is witnessing increasing demand due to the perceived health benefits for pets. Companies like Sky Wellness and Pet Releaf offer broad-spectrum CBD products, which contain various cannabinoids and terpenes, believed to enhance the entourage effect. These products are marketed for various wellness purposes, including joint health.
However, the use of CBD in pets is not without controversy. Reports suggest potential side effects, such as drowsiness, dry mouth, and lowered blood pressure. Prolonged use may also lead to elevated liver enzymes, indicating potential liver stress or damage. As the legalization of hemp-based products continues, the market for CBD pet edibles, topicals, and grooming products is expected to grow. However, it is crucial to consult with a veterinarian before administering CBD to pets to ensure their safety and well-being.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Canna Pet - The company offers CBD pet products, including capsules and MaxCBD liquid for dogs, cats, and other pets.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is experiencing significant growth due to the increasing humanization of pets and the recognition of the medical and therapeutic benefits of cannabidiol treatment (CBD) for animals. With the legalization of hemp-derived CBD, pet owners are turning to this natural supplement for various health issues, including bowel problems, skin conditions, anxiety disorders, and sleep disorders. The market for CBD pet products includes a wide range of offerings, from CBD oil and capsules to topical creams, treats, and even edibles and beverages. CBD sales are on the rise as more pet owners seek out natural alternatives to traditional pharmaceutical treatments for their pets.
The market for CBD pet products is expected to continue growing, driven by the aging population of pets and the increasing expenditure on pet care, which includes high-quality food, veterinary care, grooming aids, toys, and other accessories. CBD's therapeutic properties, including its anti-inflammatory, analgesic, and anti-anxiety effects, make it an attractive option for pet owners looking to improve their pet's health and well-being. Broad-spectrum CBD products are popular in the market, offering the entourage effect of other cannabinoids and terpenes, enhancing the therapeutic benefits of CBD. The regulatory framework for CBD pet products is evolving, with clinical trials and studies being conducted to further understand the safety and efficacy of CBD for pets.
The market includes commercial retailers, hospital pharmacies, and e-commerce platforms, making CBD pet products easily accessible to pet owners. CBD pet products are non-psychoactive and come in various forms, including capsules, tinctures, edibles, and topical creams. They are used for both pharmaceutical purposes and wellness purposes, with many pet owners reporting improved joint health, mobility, and overall well-being in their pets. The market for CBD pet products is expected to continue growing as more pet owners seek out natural alternatives for their pets' health concerns.
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Market Scope |
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Report Coverage |
Details |
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Page number |
200 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 21.2% |
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Market growth 2024-2028 |
USD 1.02 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
20.4 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 64% |
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Key countries |
US, Canada, Mexico, UK, Australia, Germany, Brazil, France, The Netherlands, and Switzerland |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
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, and Veritas Farms |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Animal Type
9 Market Segmentation by Distribution Channel
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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