Global CBD Infused Pet Food Market, By Product (Therapeutic Grade, Food Grade), Application (Joint Pain, Anxiety or Stress, Epilepsy, General Health or Wellness, Others), End-use (Pet Specialty Stores, Online Retail Channel, Retail Pharmacies, Veterinary Clinics, e-commerce, Others),Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global CBD Infused Pet Food market
The CBD infused pet food market is expected to be growing at a growth rate of 7.00% in the forecast period of 2021 to 2028 and is expected to reach USD 0.34 million by 2028. The growing amount of the household pets will act as a driving factor to the growth of the CBD infused pet food market.
CBD (cannabidiol) is one of the primary chemical compounds also called as cannabinoids originated from the cannabis plant, Cannabis sativa L. THC (tetrahydrocannabinol), which is the psychoactive agent in marijuana, is the other marquis cannabinoid.
Factors such as the increasing number of organic healthcare products which are favoured by pet owners have less side effects than conventional medication. It is effective in several diseases like osteoarthritis for which the only current substitute is expensive drugs. CBD is known to handle and ease pain, anxiety, and seizures in pets. The comparatively new and available market, the increasing number of household pets, the growing readiness to employ on the pet healthcare, small application costs and Different from the predictable medication for the pets the CBD healthcare products do not need to be customised for each separate pet species which in turn are expected to boost the growth of the CBD infused pet food market in the forecast period. However, the uncertain governing atmosphere for the use of CBD infused pet food and manufacturing of the source product, the legal payments and limitations vary not only from country to country but also within different regions of the same country are the factors most likely anticipated to further impede the growth of the CBD infused pet food market in the near future.
This CBD infused pet food market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on CBD infused pet food market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
CBD Infused Pet Market Scope and Market Size
The CBD infused pet food market is segmented on the basis of product, application, and end-use. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on the product, the CBD infused pet food market is segmented therapeutic grade, food grade. Therapeutic grade is further sub segmented into pet supplements and pet CBD oil. Food grade is further sub segmented into treats, chews, others.
- Based on the application, the CBD infused pet food market is segmented joint pain, anxiety or stress, epilepsy, general health or wellness, others.
- Based on the end-use, the CBD infused pet food market is segmented pet specialty stores, online retail channel, retail pharmacies, veterinary clinics e-commerce, others.
CBD Infused Pet Market Country Level Analysis
The CBD infused pet food market is analysed and market size, volume information is provided by country, product, application, and end-use as referenced above.
The countries covered in the CBD infused pet food market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the CBD infused pet food market because of the occurrence of key market players in the region for example HempMy Pet, Fomo Bone, and Canna-Pet. Furthermore, the suitable government initiatives which in turn will boost the growth of the CBD infused pet food market during the forecast period. Asia Pacific is projected to observe considerable amount of growth in the CBD infused pet food market because of the growing pet population. Moreover, the growing of the disposable income, and a highly tolerant market scenario which in turn is anticipated to propel the growth of the CBD infused pet food market in the region in the coming years.
The country section of the CBD infused pet food market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and CBD Infused Pet Market Share Analysis
The CBD infused pet food market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to CBD infused pet food market.
The major players covered in the CBD infused pet food market report are Honest Paws, LLC., Canna-Pet., Fomo Bones., Pet Releaf, HolistaPet, Joy Organics., Wet Noses Inc., CBD Living, PET stock, Petco Animal Supplies, Inc., Charlotte’s Web., Nestle Purina, GCH, Inc, HempMy Pet, SCHELL & KAMPETER, INC., Mars, Incorporated, The J.M. Smucker Company., Green Roads., Colgate-Palmolive Company., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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