The CBD Pet Market Size is valued at USD 624.0 million in 2023 and is predicted to reach USD 2,890.79 million by the year 2031 at a 21.25% CAGR during the forecast period for 2024-2031.
Hemp derivative products such as CBD Pet Supplements have become a huge market for pet owners as pet owners turn to the alternative option of non-traditional therapeutics. Cannabidiol is the main compound found in a hemp plant used because of its medicinal properties. There is an increase in demand for CBD among the population to control a range of conditions such as nausea, anxiety, stress, etc.
Increasing consumer awareness about the natural supplements with the therapeutic benefits of cannabis is driving the market's growth. Additionally, rising government support and favorable trade regulatory environments related to CBD, cannabis, and hemp fuel the market growth. For instance, the Farm Bill passed in December 2018 at United States Congress for the Agricultural Improvement Act of 2018 to separate hemp and hemp-derived CBD from marijuana-based products, expected to create ample opportunities for hemp-derived products, including CBD used in the pet food industry.
Market segmentation
The CBD pet market is segmented by product, application, and end-user. Based on product, the market is segmented into therapeutic grade- pet supplements, pet CBD oil, food grade- treats, chews. The market is segmented by application into joint pain, anxiety/stress, epilepsy, general health/wellness. The market is segmented by end-user into veterinary hospital pharmacies, pet specialty stores, e-commerce, CBD stores.
Competitive Landscape
Some Major Key Players In The CBD Pet Market:
- Honest Paws,
- Canna-Pet,
- Fomo Bones,
- Pet,
- Relief,
- HolistaPet,
- Joy Organics,
- Wet Noses,
- CBD Living,
- Pet stock,
- Petco,
- Charlotte’s Web,
- among others.
CBD Pet Market Report Scope
Report Attribute |
Specifications |
Market Size Value In 2023 |
USD 624.0 Mn |
Revenue Forecast In 2031 |
USD 2,890.79 Mn |
Growth Rate CAGR |
CAGR of 21.25% from 2024 to 2031 |
Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2024 to 2031 |
Historic Year |
2019 to 2023 |
Forecast Year |
2024-2031 |
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
Segments Covered |
By Product, By End-User, By Application |
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
Competitive Landscape |
Honest Paws, Canna-Pet, Fomo Bones, Pet, Relief, HolistaPet, Joy Organics, Wet Noses, CBD Living, Pet stock, Petco, Charlotte’s Web, among others. |
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |