CONSUMER PRODUCT & SERVICES
Global CBD Pet Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global CBD Pet Market, By Pet Type (Cats, Dogs, Other pet types), Product Type (Therapeutics and Supplements), Application (Pain management, Anxiety and stress relief, Joint health and mobility, Skin and allergies, Other applications), Distribution Channel (Pet specialty stores, CBD stores, E-commerce, Other distribution channels), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global CBD pet market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
CBD Pet refers to products infused with cannabidiol (CBD), a non-psychoactive chemical produced from the cannabis plant, that are specifically designed for pets such as dogs and cats. These products are used to promote general well-being in animals by helping to treat a variety of health issues such as anxiety, pain, and inflammation. The CBD Pet Market includes a variety of goods that are intended to provide medicinal advantages to pets, such as oils, snacks, capsules, and topical treatments. Growing pet ownership and more knowledge of the possible health advantages of CBD are driving this industry. The need from consumers for safe, efficient, and natural pet care solutions, regulatory concerns, and the development and marketing of CBD-infused pet products are all involved.
The respective global report analyses market trends, consumer behaviour and industry dynamics to guide towards entry into new markets with ease. Also, it assists in tailoring market specific and related products and services to meet the needs, preferences, and expectations of target audience by delving into their psychology. The report also specializes with comprehensive and extensive competitive analysis which offers useful insights into competitor strengths, weaknesses, opportunities, and threats. The respective report offers exclusive insights into the potential impact of disruptive developments and technologies that are expected to completely transform corporate operations. The context includes tailor-made research solutions to create a stronger footprint in their particular industries thereby offering dedicated customized solutions according to the client needs which helps in addressing unique business challenges with more simplified and efficient decision-making solutions.
Market Dynamics
DRIVERS
- Increasing prevalence of pet health issues.
- Higher demand for natural and holistic pet care solutions.
RESTRAINTS
- Regulatory uncertainties and legal restrictions.
- Lack of standardization in product formulations
OPPORTUNITIES
- Growing pet ownership and spending on pet health.
- Expansion into new geographical markets.
CHALLENGES
- Navigating complex and evolving regulations.
- Ensuring product safety and quality control.
SEGMENTATION
- Pet Type
- Cats
- Dogs
- Other pet types
- Product Type
- Therapeutics
- CBD oil
- CBD tincture
- CBD capsules
- CBD topicals
- Supplements
- Application
- Pain management
- Anxiety and stress relief
- Joint health and mobility
- Skin and allergies
- Other applications
- Distribution Channel
- Pet specialty stores
- CBD stores
- E-commerce
- Other distribution channels
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, and segments as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- Honest Paws LLC
- Canna-Pet LLC
- Laboratoire Francodex
- Pet Releaf
- HolistaPet
- Joy Organics
- Wet Noses Natural Dog Treat Co.
- CBD Living
- PETstock
- Garmon Corp.
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global CBD Pet Market, by Pet Type
- 3.2 Global CBD Pet Market, by Product Type
- 3.3 Global CBD Pet Market, by Application
- 3.4 Global CBD Pet Market, by Distribution Channel
- 3.5 Global CBD Pet Market, by Geography
- 3.6 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Growing awareness of CBD benefits for pets.
- 5.1.2 Increased adoption of CBD products by pet owners.
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Increasing prevalence of pet health issues.
- 5.2.2 Higher demand for natural and holistic pet care solutions.
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 Regulatory uncertainties and legal restrictions.
- 5.3.2 Lack of standardization in product formulations
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Growing pet ownership and spending on pet health.
- 5.4.2 Expansion into new geographical markets.
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Navigating complex and evolving regulations.
- 5.5.2 Ensuring product safety and quality control.
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL CBD PET MARKET, BY PET TYPE
- 6.1 Pet Type Summary
- 6.2 Market Attractive Index
- 6.3 Global CBD Pet Market, by Pet Type (2019-2032)
- SECTION 7 - GLOBAL CBD PET MARKET, BY PRODUCT TYPE
- 7.1 Product Type Summary
- 7.2 Market Attractive Index
- 7.3 Global CBD Pet Market, by Product Type (2019-2032)
- SECTION 8 - GLOBAL CBD PET MARKET, BY APPLICATION
- 8.1 Application Summary
- 8.2 Market Attractive Index
- 8.3 Global CBD Pet Market, by Application (2019-2032)
- SECTION 9 - GLOBAL CBD PET MARKET, BY DISTRIBUTION CHANNEL
- 9.1 Distribution Channel Summary
- 9.2 Market Attractive Index
- 9.3 Global CBD Pet Market, by Distribution Channel (2019-2032)
- SECTION 10 - GLOBAL CBD PET MARKET, BY GEOGRAPHY
- 10.1 Regional Summary
- 10.2 Market Attractive Index
- 10.3 Global CBD Pet Market, by Geography (2019-2032)
- SECTION 11 - NORTH AMERICA CBD PET MARKET
- 11.1 North America Summary
- 11.2 Market Attractive Index
- 11.3 North America CBD Pet Market, by Pet Type (2019-2032)
- 11.4 North America CBD Pet Market, by Product Type (2019-2032)
- 11.5 North America CBD Pet Market, by Application (2019-2032)
- 11.6 North America CBD Pet Market, by Distribution Channel (2019-2032)
- 11.7 North America CBD Pet Market, by Country (2019-2032)
- 11.7.1 U.S.
- 11.7.2 Canada
- 11.7.3 Mexico
- 11.7.4 Rest of North America
- SECTION 12 - EUROPE CBD PET MARKET
- 12.1 Europe Summary
- 12.2 Market Attractive Index
- 12.3 Europe CBD Pet Market, by Pet Type (2019-2032)
- 12.4 Europe CBD Pet Market, by Product Type (2019-2032)
- 12.5 Europe CBD Pet Market, by Application (2019-2032)
- 12.6 Europe CBD Pet Market, by Distribution Channel (2019-2032)
- 12.7 Europe CBD Pet Market, by Country (2019-2032)
- 12.7.1 Germany
- 12.7.2 U.K.
- 12.7.3 France
- 12.7.4 Italy
- 12.7.5 Spain
- 12.7.6 Russia
- 12.7.7 The Netherlands
- 12.7.8 Belgium
- 12.7.9 Turkey
- 12.7.10 Rest of Europe
- SECTION 13 - ASIA-PACIFIC CBD PET MARKET
- 13.1 Asia-Pacific Summary
- 13.2 Market Attractive Index
- 13.3 Asia-Pacific CBD Pet Market, by Pet Type (2019-2032)
- 13.4 Asia-Pacific CBD Pet Market, by Product Type (2019-2032)
- 13.5 Asia-Pacific CBD Pet Market, by Application (2019-2032)
- 13.6 Asia-Pacific CBD Pet Market, by Distribution Channel (2019-2032)
- 13.7 Asia-Pacific CBD Pet Market, by Country (2019-2032)
- 13.7.1 China
- 13.7.2 India
- 13.7.3 Japan
- 13.7.4 South Korea
- 13.7.5 Singapore
- 13.7.6 Malaysia
- 13.7.7 Australia
- 13.7.8 Thailand
- 13.7.9 Philippines
- 13.7.10 Rest of Asia-Pacific
- SECTION 14 - SOUTH AMERICA CBD PET MARKET
- 14.1 South America Summary
- 14.2 Market Attractive Index
- 14.3 South America CBD Pet Market, by Pet Type (2019-2032)
- 14.4 South America CBD Pet Market, by Product Type (2019-2032)
- 14.5 South America CBD Pet Market, by Application (2019-2032)
- 14.6 South America CBD Pet Market, by Distribution Channel (2019-2032)
- 14.7 South America CBD Pet Market, by Country (2019-2032)
- 14.7.1 Brazil
- 14.7.2 Argentina
- 14.7.3 Chile
- 14.7.4 Colombia
- 14.7.5 Rest of South America
- SECTION 15 - MIDDLE EAST AND AFRICA CBD PET MARKET
- 15.1 Middle East and Africa Summary
- 15.2 Market Attractive Index
- 15.3 Middle East and Africa CBD Pet Market, by Pet Type (2019-2032)
- 15.4 Middle East and Africa CBD Pet Market, by Product Type (2019-2032)
- 15.5 Middle East and Africa CBD Pet Market, by Application (2019-2032)
- 15.6 Middle East and Africa CBD Pet Market, by Distribution Channel (2019-2032)
- 15.7 Middle East and Africa CBD Pet Market, by Country (2019-2032)
- 15.7.1 Kingdom of Saudi Arabia
- 15.7.2 South Africa
- 15.7.3 U.A.E.
- 15.7.4 Egypt
- 15.7.5 Rest of Middle East and Africa
- SECTION 16 - COMPANY SHARE ANALYSIS
- 16.1 Global CBD Pet Market, Company Share Analysis
- 16.2 North America CBD Pet Market, Company Share Analysis
- 16.3 Europe CBD Pet Market, Company Share Analysis
- 16.4 Asia-Pacific CBD Pet Market, Company Share Analysis
- SECTION 17 - COMPANY PROFILES
- 17.1 Honest Paws LLC
- 17.1.1 Company Snapshot
- 17.1.2 Financial Overview
- 17.1.3 Product Portfolio
- 17.1.4 Recent Developments
- 17.2 Canna-Pet LLC
- 17.2.1 Company Snapshot
- 17.2.2 Financial Overview
- 17.2.3 Product Portfolio
- 17.2.4 Recent Developments
- 17.3 Laboratoire Francodex
- 17.3.1 Company Snapshot
- 17.3.2 Financial Overview
- 17.3.3 Product Portfolio
- 17.3.4 Recent Developments
- 17.4 Pet Releaf
- 17.4.1 Company Snapshot
- 17.4.2 Financial Overview
- 17.4.3 Product Portfolio
- 17.4.4 Recent Developments
- 17.5 HolistaPet
- 17.5.1 Company Snapshot
- 17.5.2 Financial Overview
- 17.5.3 Product Portfolio
- 17.5.4 Recent Developments
- 17.6 Joy Organics
- 17.6.1 Company Snapshot
- 17.6.2 Financial Overview
- 17.6.3 Product Portfolio
- 17.6.4 Recent Developments
- 17.7 Wet Noses Natural Dog Treat Co.
- 17.7.1 Company Snapshot
- 17.7.2 Financial Overview
- 17.7.3 Product Portfolio
- 17.7.4 Recent Developments
- 17.8 CBD Living
- 17.8.1 Company Snapshot
- 17.8.2 Financial Overview
- 17.8.3 Product Portfolio
- 17.8.4 Recent Developments
- 17.9 PETstock
- 17.9.1 Company Snapshot
- 17.9.2 Financial Overview
- 17.9.3 Product Portfolio
- 17.9.4 Recent Developments
- 17.10 Garmon Corp.
- 17.10.1 Company Snapshot
- 17.10.2 Financial Overview
- 17.10.3 Product Portfolio
- 17.10.4 Recent Developments
- SECTION 18 - RELATED REPORTS
- SECTION 19 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.