According to FutureWise analysis, the market for CBD pet in 2023 is US$0.63 billion, and is expected to reach US$3.03 billion by 2031 at a CAGR of 21.60%.

The global CBD pet market has experienced significant growth, with a valuation of approximately USD 0.63 billion in 2023, and projections indicating it could reach around USD 3.03 billion by 2031. This growth represents a compound annual growth rate (CAGR) of 21.6%. Several factors contribute to this expansion, including an increase in pet ownership, heightened awareness of the therapeutic benefits of cannabidiol for animals, and the trend of pet humanization, which drives demand for wellness-focused products. The market can be categorized by product type, including therapeutic-grade supplements and pet CBD oil, as well as food-grade treats and chews. Additionally, it is segmented by application areas, such as joint pain relief, anxiety and stress management, epilepsy treatment, and general health and wellness. The primary end-user channels include pet specialty stores and e-commerce platforms. Currently, North America leads the regional demand for CBD pet products, although there is a notable increase in adoption in markets across Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

FutureWise Market Research has released a report that provides an intricate analysis of CBD Pet Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.

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CBD Pet Market Segmentation:

By Product

• Therapeutic Grade
  • Pet Supplements
  • Pet CBD Oil
• Food grade
  • Treats
  • Chews
  • Others

By Application

• Joint Pain
• Anxiety/Stress
• Epilepsy
• General Health/Wellness
• Others

By End-user

• Pet Specialty Stores
• E-commerce
• Others

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Competitive Landscape in CBD Pet Market:

• Honest Paws
• Canna-Pet
• Fomo Bones
• Pet Relief
• HolistaPet
• Joy Organics
• Wet Noses
• CBD Living
• Pet stock
• Petco
• Charlotte’s Web

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**Objectives of this Study: **

1. To provide a comprehensive analysis of the CBD Pet Market By Product, By Application, By End-user and By Region.
2. To offer detailed insights into factors such as drivers, restraints, trends, and opportunities, as well as segmental and regional influences on market growth.
3. To evaluate current market trends and forecast micro-markets, presenting overall market projections in the form of data sets and PowerPoint presentations.
4. To predict the market size in key regions, including North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

                                                                                                                
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