Cbd Pet Products Market Size, Share, Industry Trends and Forecast to 2033
This report provides a comprehensive analysis of the CBD pet products market, including market size, industry trends, segmentation, and forecasts from 2023 to 2033. It encompasses regional insights and competitive landscape, aimed at guiding stakeholders in making informed decisions.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $5.80 Billion |
| CAGR (2023-2033) | 7.2% |
| 2033 Market Size | $11.86 Billion |
| Top Companies | Charlotte's Web Holdings, Inc., CBDfx, PetReleaf, HolistaPet |
| Last Modified Date | 15 Nov 2024 |
Cbd Pet Products Market Report (2023 - 2033)
Cbd Pet Products Market Overview
What is the Market Size & CAGR of Cbd Pet Products market in 2023?
Cbd Pet Products Industry Analysis
Cbd Pet Products Market Segmentation and Scope
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Cbd Pet Products Market Analysis Report by Region
Europe Cbd Pet Products Market Report:
The European market for CBD pet products is set to witness significant growth, rising from $1.80 billion in 2023 to $3.68 billion by 2033. The increasing pet ownership rate and growing consumer demand for holistic pet care solutions are key factors driving this trend, particularly in countries like Germany and the UK.Asia Pacific Cbd Pet Products Market Report:
In the Asia Pacific region, the CBD pet products market is projected to grow from $1.11 billion in 2023 to $2.26 billion by 2033. The growth is fueled by increasing pet ownership and rising awareness of CBD's therapeutic effects. Countries such as Australia and Japan are leading the trend, with growing acceptance of hemp-derived products among pet owners.North America Cbd Pet Products Market Report:
North America dominates the CBD pet products market, with a projected increase from $1.97 billion in 2023 to $4.03 billion by 2033. This growth is supported by favorable regulations in the United States and Canada, a strong focus on animal health, and widespread acceptance of CBD products among pet owners.South America Cbd Pet Products Market Report:
The South American market for CBD pet products is expected to expand from $0.47 billion in 2023 to $0.97 billion by 2033. Brazil and Argentina are emerging markets where pet wellness trends play a crucial role, with consumers increasingly looking for natural remedies for their pets' health issues.Middle East & Africa Cbd Pet Products Market Report:
The Middle East and Africa market is projected to grow from $0.45 billion in 2023 to $0.92 billion by 2033. Although still nascent, increasing awareness of CBD's benefits for pets and gradual regulatory changes in countries such as South Africa are paving the way for future market expansion.Request a custom research report for industry.
Cbd Pet Products Market Analysis By Product
Global CBD Pet Products Market, By Product Market Analysis (2023 - 2033)
The product segment of the CBD pet products market includes edibles, oils, and topicals. In 2023, the edibles segment is valued at $3.48 billion, representing 60.01% market share, and is projected to reach $7.11 billion by 2033. Oils follow with a market size of $1.34 billion in 2023 (23.17% share), expected to grow to $2.75 billion. Topicals are currently at $0.98 billion (16.82% share) and are anticipated to increase to $1.99 billion over the same period.
Cbd Pet Products Market Analysis By Pet Type
Global CBD Pet Products Market, By Pet Type Market Analysis (2023 - 2033)
The market is segmented by pet type into dogs, cats, and other pets. Dogs dominate this segment, with a market value of $3.48 billion in 2023, sharing 60.01% of the market, and expected to grow to $7.11 billion by 2033. The cat segment is valued at $1.34 billion (23.17% share) for 2023, and is projected to reach $2.75 billion. Other pets make up the remaining share with a market size of $0.98 billion (16.82% share) in 2023 and forecasted to increase to $1.99 billion.
Cbd Pet Products Market Analysis By Application
Global CBD Pet Products Market, By Application Market Analysis (2023 - 2033)
Applications of CBD pet products include anxiety relief, pain relief, general wellness, and other applications. The anxiety relief market size is estimated at $3.01 billion (51.86% share) in 2023, expected to grow considerably to $6.15 billion by 2033. Pain relief applications account for $1.35 billion (23.21%) and are projected to reach $2.75 billion. General wellness applications command a share of $0.86 billion (14.8%) for 2023, with a forecast of $1.75 billion, while other applications contribute $0.59 billion (10.13%) and are estimated to rise to $1.20 billion.
Cbd Pet Products Market Analysis By Distribution Channel
Global CBD Pet Products Market, By Distribution Channel Market Analysis (2023 - 2033)
Distribution channels for CBD pet products are segmented into online and offline. The online channel dominates the market, generating $4.80 billion (82.78% share) in 2023, forecasted to rise to $9.81 billion by 2033. Offline channels hold $1.00 billion (17.22% share) in 2023, with growth anticipated to reach $2.04 billion in the coming decade.
Cbd Pet Products Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Cbd Pet Products Industry
Charlotte's Web Holdings, Inc.:
A pioneer in the CBD industry, Charlotte's Web offers a range of CBD pet products, focusing on overall health and wellness for pets, and ensuring quality through rigorous testing processes.CBDfx:
CBDfx specializes in high-quality CBD products, including oils and edibles for pets, emphasizing transparency and consumer education about CBD benefits.PetReleaf:
PetReleaf is known for its organic CBD pet products, aimed at enhancing the quality of life for pets through natural remedies, with a strong commitment to sustainability.HolistaPet:
HolistaPet provides a variety of CBD pet products with an emphasis on holistic wellness, creating products designed to relieve common pet ailments such as anxiety and pain.We're grateful to work with incredible clients.
