Pet CBD Market Overview
This Pet Cbd market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study.
This study is one of the most comprehensive documentation that captures all the facets of the evolving Pet Cbd market.
CBD is cannabidiol is a natural compound found in the cannabis and hemp plant. Pet CBD treatment is given to treat a disease like cancer, seizures, and anxiety. Cannabis oil can serve as an alternative medication to treat such kind of symptoms in the pet CBD market.
In pet CBD market, CBD oil cake is the main source of the dosage form to the pets. Pet CBD oil cake don’t have THC (tetrahydrocannabinol) so it will not have a psychoactive effect on the nervous system. Pet CBD oil can help to improve sleep quality and sleep duration in pets. Pet CBD oil helps to treat inflammatory bowel disease, which is due to an abnormal immune response which leads to the inflammation of the intestine.
Pet CBD has anti-inflammatory action since it interacts with the receptors in the immune cells of the body. In the veterinary market, pet CBD available in the topical, capsule & tincture form.
Pet CBD Market: Drivers and Restraints
Rising prevalence of the bowel and GIT related problems in the pets may show the propelling growth for the pet CBD market. Pets are also suffer from the anxiety and sleep disorders like in human beings, growing rate of such disorders in the pets may show the increasing demand for the pet CBD market.
Cannabidiol treatment is important for the cancer related complications in pets, rising demand of the CBD derivatives for the veterinary treatment market, may show the lucrative growth for the pet CBD market. In the some cases pets are suffering from the cardiac disorders also, like heart attack and tachycardia.
CBD is also used to treat cardiac disease, hence the rising demand of the pet CBD for the chronic disorders may show the fueling growth for the pet CBD market. CBD dosage regime is the most critical part of the pet CBD market, higher dose than the normal level may be the fatal for the pets, so such kind of the scenarios may show the slow growth for the pet CBD market.
After treatment side effects like dry mouth, drowsiness & low blood pressure may show the restraining growth for the pet CBD market in future.
Pet CBD Market: Overview
The pet CBD market is expected to significant growth over the forecast period owing rise in the research funding by the investor in pet CBD market, by source type, hemp plant-derived CBD expected to gain a majority of revenue in pet CBD market. Since the easy availability in the market and less stringent government regulation may help to propel the good growth for the hemp sub-segment.
Followed by the hemp, Marijuana -derived CBD may show slow growth for the pet CBD market since the more stringent regulations and more costly as compared to the hemp-derived CBD. By indication type, epilepsy and sleep disorders may show the dominating growth for the pet CBD market, due to the more umber of pets suffering from the same disorders.
Cancer treatment may show the slower growth for the pet CBD market, due to the more cost of therapy and complex dosage pattern. Bowel disorders may show the slow and less demanding for the pet CBD market, due to the alternative treatment methods are available in the market for the GIT related complications.
By end-user, veterinary hospital pharmacies may show the propelling growth for the pet CBD market, due to the more number of the people visiting the hospitals for the pet-related complications. Pet shop and e-commerce may show the lucrative growth for the pet CBD market, due to the prescription related complication, since the CBD belongs to the narcotics category, and the sale in under the government regulations.
Pet CBD Market: Regional Overview
Among the regional presence, North America is the lucrative region for pet CBD market which is then followed by Europe. North America contributes to being the high revenue generating segment due to the presence of a large number of animal research and development centers.
North America and Europe cumulatively account for a substantial revenue share in pet CBD market, due to the high prevalence rate of bowel related disorders and GIT related disorders in pets. The Middle East and Africa are expected to account for being the least lucrative market for pet CBD market due to lack of research funding in the veterinary disease area.
The Asia Pacific is projected to expand the production of CBD oil cake and capsule for the pets, especially the China country from APAC region shows the rapid growth of pet CBD market over the forecast period.
Pet CBD Market : Key Players
Examples of some of the market participants in pet CBD market identified across the value chain include Canna-Pet, Choom Holdings Inc., Receptra Naturals, Curaleaf, Trulieve Cannabis Corporation, Pure Spectrum, Cannabis Strategies Acquisition Corp., Pet Releaf, Diamond CBD, Inc., PotNetwork Holdings, Inc., Kat's Naturals, Bluebird Botanicals, and others.
The research report on pet CBD market presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report on pet CBD market provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on pet CBD market
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Report on pet CBD market includes regional analysis
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Europe (Germany, Italy, France, U.K, Spain, , Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, ASEAN)
- Oceania (Australia, New Zealand)
- Middle East and Africa (GCC Countries, South Africa, Northern Africa)
The report on pet CBD market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Pet CBD Market: Segmentation
Pet CBD market is segmented on the basis of source, dosage form, indication, end user and geography.
Based on source type pet CBD market is segmented into following:
Based on indication pet CBD market is segmented into following:
- Bowel disorders
- Sleep disorders
Based on end user pet CBD market is segmented into following:
- Veterinary Hospital Pharmacies
- Pet shops
- E-commerce websites