The global CBD Pet Market is anticipated to value USD 399.2 million until 2027. It is also expected to register a CAGR of 40.3% over the forecasted years, 2020 to 2027. The rising health concerns of pets coupled with surging expenditure across the health and wellbeing sector is projected to drive the market growth.
The general health/ wellness segment dominated the global market in 2019 owing to surging expenditure on pet healthcare and increasing concerns regarding pets among their owners. On the other hand, the joint pain application segment accounted for 23.6% in 2019 on account of the increasing number of joint-pain cases among pets owing to immobility and obesity.
To download the sample PDF of “Global CBD Pet Market” please click here: https://www.millioninsights.com/industry-reports/global-cbd-pet-market/request-sample
In 2019, the e-commerce end-use segment dominated the global cannabidiol pet market on account o salient features like hassle-free instant delivery, quick replacement facility, and availability of a wide range of products on a single platform. Also, ease of availability and surging usage of smartphones and the internet is projected to further fuel up the market demand.
North America accounted for the highest share of around 35.0% across the global market in 2019 due to the surging presence of key players and the imposition of favorable initiatives by governing authorities across the U.S. and Canada. Europe also accounted for a significant share owing to the legalization of CBD and increasing pet population across this region.
The market for CBD Pet across the globe includes key players such as Nestle, Mars Inc., General Mills Inc., Canna-Pet, Honest Paws, Pet Relief, and Fomo Bones. These players are developing various strategies like product launches, collaborations, and acquisitions for widening their geographical reach.
To browse report summary & detailed TOC, please click the link below:
Further key findings from the report suggest:
• The therapeutic grade segment is expected to account for significant CAGR from 2020 to 2027 across the global market.
• In 2019, the e-commerce end-use segment dominated the global CBD pet market.
• North America accounted for the highest share of around 35.0% across the global market in 2019.
• The key players operating in this market are Nestle, Mars Inc., General Mills Inc., Canna-Pet, Honest Paws, Pet Relief, and Fomo Bones.
Million Insights has segmented the global CBD pet market on the basis of product, application, end-use, and region:
CBD Pet Product Outlook (Revenue, USD Million, 2016 – 2027)
• Therapeutic Grade
• Pet Supplements
• Pet CBD Oil
• Food grade
CBD Pet Application Outlook (Revenue, USD Million, 2016 – 2027)
• Joint Pain
• General Health/Wellness
CBD Pet End-Use Outlook (Revenue, USD Million, 2016 – 2027)
• Pet Specialty Stores
CBD Pet Regional Outlook (Revenue, USD Million, 2016 – 2027)
• North America
• The U.S.
• The U.K.
• Asia Pacific
• Latin America
• Middle East & Africa
• South Africa
• Saudi Arabia
Read the Latest Press Releases available with Million Insights:
1. Road Safety Market – The global road safety market size is anticipated to touch USD 5.1 billion by 2025. The market is projected to exhibit a CAGR of 10.5% over the forecast duration.
2. Data Protection & Recovery Solutions Market – The global data protection and recovery solutions market size is anticipated to reach USD 14.1 billion in the year 2025.
About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar