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CBD Pet Market to Expand at a CAGR of 61.09 % from 2021 to 2030

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The global CBD Pet market size is expected to reach USD 8.79 billion by 2030 and is expected to expand at a CAGR of 61.09% from 2021 to 2030.

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Growth Factors

Increasing health expenditure and growing health concerns among the owners of domesticated animals are driving the market. In addition, increasing demand for cannabidiol (CBD) infused food products is boosting the market growth. For instance, in 2019, Nestle owned Purina, a pet food company, broadcasted its decision to invest in CBD-infused dog food production. Furthermore, increased usage of natural supplements in treating various lifestyle-related disorders in domesticated animals is fueling the growth.

During the outbreak of COVID-19, the companion animal industry witnessed manufacturing challenges, comprising altered consumption patterns, improved demand, worker protection protocols, dearth of employees, and spot shortages in packaging, which affected the company’s business in the initial months of 2020.  

Report Highlights

The dog segment dominated the market and accounted for a share of over 78.0% in 2020. Dogs are extremely popular as companion animals across the globe. They share a solid bond with their proprietors and are considered a part of the family.

The increased use of cannabidiol infused products and growing lifestyle-related disorders in companion animals are propelling the market growth

The general health/wellness segment dominated the market with a revenue share of over 33.0% in 2020. The growth can be attributed to the increasing pet healthcare expenditure and growing health concerns among pet owners.

In the animal type segment, the vitamins and supplements segment dominated the market in 2020 owing to the increased product availability and consumption. Moreover, the growing popularity of supplements among humans as well as companion animals is propelling the demand

The e-commerce segment dominated the market and accounted for a revenue share of more than 50.0% in 2020. The growth can be attributed to the easy availability of various CBD products on online portals. The prescription-related complication can be avoided using an online platform.

North America dominated the market and accounted for a revenue share of over 48.0% in 2020. This growth can be attributed to the presence of key market players such as HempMy Pet, Fomo Bone, and Canna-Pet, coupled with favorable government initiatives.

By indication, general health/wellness dominated the market in 2020. The growth can be attributed to the increasing pet healthcare expenditure and growing health concerns among the pet owners

The anxiety/stress indication segment is expected to witness the fastest growth over the forecast period owing to the increasing application of cannabidiol in anxiety-related disorders in companion animals

The cat segment is expected to witness lucrative growth over the forecast period. Cats are the second most popular choice of companion animals.

Report Coverage Details
Market Size US$ 8.79 billion by 2030
Growth Rate CAGR of 61.09% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Animal type, indication, end use
Regional Scope North America, Latin America, Europe, Asia Pacific, MEA
Companies Mentioned Honest Paws; Canna-Pet; Fomo Bones; Pet Relief; HolistaPet; Joy Organics; Wet Noses; CBD Living; Pet stock; Petco; Charlotte’s Web

Key Players

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

Market Segmentation

  • Animal Type Outlook
    • Dog
      • Foods/Treats
      • Vitamins &Supplements
    • Cat
      • Foods/Treats
      • Vitamins & supplements
  • Indication Outlook
    • Joint Pain
    • Anxiety/Stress
    • Epilepsy
    • General Health/Wellness
    • Others
  • End-use Outlook
    • Pet Specialty Stores
    • E-commerce
    • CBD Store
    • Others
  • Regional Outlook
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Italy
      • Spain
    • Asia Pacific
      • Japan
      • China
      • India
    • Latin America
      • Brazil
      • Mexico
      • Argentina
    • Middle East and Africa
      • South Africa
      • Saudi Arabia

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global CBD Pet Market, By Animal Type

7.1.  CBD Pet Market, by Animal Type, 2021-2030

7.1.1.    Dog

7.1.1.1.        Market Revenue and Forecast (2016-2030)

7.1.2.    Cat

7.1.2.1.        Market Revenue and Forecast (2016-2030)

Chapter 8.  Global CBD Pet Market, By Indication

8.1.  CBD Pet Market, by Indication, 2021-2030

8.1.1.    Joint Pain

8.1.1.1.        Market Revenue and Forecast (2016-2030)

8.1.2.    Anxiety/Stress

8.1.2.1.        Market Revenue and Forecast (2016-2030)

8.1.3.    Epilepsy

8.1.3.1.        Market Revenue and Forecast (2016-2030)

8.1.4.    General Health/Wellness

8.1.4.1.        Market Revenue and Forecast (2016-2030)

8.1.5.    Others

8.1.5.1.        Market Revenue and Forecast (2016-2030)

Chapter 9.  Global CBD Pet Market, By End User

9.1.  CBD Pet Market, by End User, 2021-2030

9.1.1.    Pet Specialty Stores

9.1.1.1.        Market Revenue and Forecast (2016-2030)

9.1.2.    E-commerce

9.1.2.1.        Market Revenue and Forecast (2016-2030)

9.1.3.    CBD Store

9.1.3.1.        Market Revenue and Forecast (2016-2030)

9.1.4.    Others

9.1.4.1.        Market Revenue and Forecast (2016-2030)

Chapter 10.      Global CBD Pet Market, Regional Estimates and Trend Forecast

10.1.        North America

10.1.1.  Market Revenue and Forecast, by Animal Type (2016-2030)

10.1.2.  Market Revenue and Forecast, by Indication (2016-2030)

10.1.3.  Market Revenue and Forecast, by End User (2016-2030)

10.1.4.  U.S.

10.1.4.1.      Market Revenue and Forecast, by Animal Type (2016-2030)

10.1.4.2.      Market Revenue and Forecast, by Indication (2016-2030)

10.1.4.3.      Market Revenue and Forecast, by End User (2016-2030)

10.1.5.  Rest of North America

10.1.5.1.      Market Revenue and Forecast, by Animal Type (2016-2030)

10.1.5.2.      Market Revenue and Forecast, by Indication (2016-2030)

10.1.5.3.      Market Revenue and Forecast, by End User (2016-2030)

10.2.        Europe

10.2.1.  Market Revenue and Forecast, by Animal Type (2016-2030)

10.2.2.  Market Revenue and Forecast, by Indication (2016-2030)

10.2.3.  Market Revenue and Forecast, by End User (2016-2030)

10.2.4.  UK

10.2.4.1.      Market Revenue and Forecast, by Animal Type (2016-2030)

10.2.4.2.      Market Revenue and Forecast, by Indication (2016-2030)

10.2.4.3.      Market Revenue and Forecast, by End User (2016-2030)

10.2.5.  Germany

10.2.5.1.      Market Revenue and Forecast, by Animal Type (2016-2030)

10.2.5.2.      Market Revenue and Forecast, by Indication (2016-2030)

10.2.5.3.      Market Revenue and Forecast, by End User (2016-2030)

10.2.6.  France

10.2.6.1.      Market Revenue and Forecast, by Animal Type (2016-2030)

10.2.6.2.      Market Revenue and Forecast, by Indication (2016-2030)

10.2.6.3.      Market Revenue and Forecast, by End User (2016-2030)

10.2.7.  Rest of Europe

10.2.7.1.      Market Revenue and Forecast, by Animal Type (2016-2030)

10.2.7.2.      Market Revenue and Forecast, by Indication (2016-2030)

10.2.7.3.      Market Revenue and Forecast, by End User (2016-2030)

10.3.        APAC

10.3.1.  Market Revenue and Forecast, by Animal Type (2016-2030)

10.3.2.  Market Revenue and Forecast, by Indication (2016-2030)

10.3.3.  Market Revenue and Forecast, by End User (2016-2030)

10.3.4.  India

10.3.4.1.      Market Revenue and Forecast, by Animal Type (2016-2030)

10.3.4.2.      Market Revenue and Forecast, by Indication (2016-2030)

10.3.4.3.      Market Revenue and Forecast, by End User (2016-2030)

10.3.5.  China

10.3.5.1.      Market Revenue and Forecast, by Animal Type (2016-2030)

10.3.5.2.      Market Revenue and Forecast, by Indication (2016-2030)

10.3.5.3.      Market Revenue and Forecast, by End User (2016-2030)

10.3.6.  Japan

10.3.6.1.      Market Revenue and Forecast, by Animal Type (2016-2030)

10.3.6.2.      Market Revenue and Forecast, by Indication (2016-2030)

10.3.6.3.      Market Revenue and Forecast, by End User (2016-2030)

10.3.7.  Rest of APAC

10.3.7.1.      Market Revenue and Forecast, by Animal Type (2016-2030)

10.3.7.2.      Market Revenue and Forecast, by Indication (2016-2030)

10.3.7.3.      Market Revenue and Forecast, by End User (2016-2030)

10.4.        MEA

10.4.1.  Market Revenue and Forecast, by Animal Type (2016-2030)

10.4.2.  Market Revenue and Forecast, by Indication (2016-2030)

10.4.3.  Market Revenue and Forecast, by End User (2016-2030)

10.4.4.  GCC

10.4.4.1.      Market Revenue and Forecast, by Animal Type (2016-2030)

10.4.4.2.      Market Revenue and Forecast, by Indication (2016-2030)

10.4.4.3.      Market Revenue and Forecast, by End User (2016-2030)

10.4.5.  North Africa

10.4.5.1.      Market Revenue and Forecast, by Animal Type (2016-2030)

10.4.5.2.      Market Revenue and Forecast, by Indication (2016-2030)

10.4.5.3.      Market Revenue and Forecast, by End User (2016-2030)

10.4.6.  South Africa

10.4.6.1.      Market Revenue and Forecast, by Animal Type (2016-2030)

10.4.6.2.      Market Revenue and Forecast, by Indication (2016-2030)

10.4.6.3.      Market Revenue and Forecast, by End User (2016-2030)

10.4.7.  Rest of MEA

10.4.7.1.      Market Revenue and Forecast, by Animal Type (2016-2030)

10.4.7.2.      Market Revenue and Forecast, by Indication (2016-2030)

10.4.7.3.      Market Revenue and Forecast, by End User (2016-2030)

10.5.        Latin America

10.5.1.  Market Revenue and Forecast, by Animal Type (2016-2030)

10.5.2.  Market Revenue and Forecast, by Indication (2016-2030)

10.5.3.  Market Revenue and Forecast, by End User (2016-2030)

10.5.4.  Brazil

10.5.4.1.      Market Revenue and Forecast, by Animal Type (2016-2030)

10.5.4.2.      Market Revenue and Forecast, by Indication (2016-2030)

10.5.4.3.      Market Revenue and Forecast, by End User (2016-2030)

10.5.5.  Rest of LATAM

10.5.5.1.      Market Revenue and Forecast, by Animal Type (2016-2030)

10.5.5.2.      Market Revenue and Forecast, by Indication (2016-2030)

10.5.5.3.      Market Revenue and Forecast, by End User (2016-2030)

Chapter 11.  Company Profiles

11.1.              Honest Paws

11.1.1.  Company Overview

11.1.2.  Product Offerings

11.1.3.  Financial Performance

11.1.4.  Recent Initiatives

11.2.              Canna-Pet

11.2.1.  Company Overview

11.2.2.  Product Offerings

11.2.3.  Financial Performance

11.2.4.  Recent Initiatives

11.3.              Fomo Bones

11.3.1.  Company Overview

11.3.2.  Product Offerings

11.3.3.  Financial Performance

11.3.4.  Recent Initiatives

11.4.              Pet Relief

11.4.1.  Company Overview

11.4.2.  Product Offerings

11.4.3.  Financial Performance

11.4.4.  Recent Initiatives

11.5.              HolistaPet

11.5.1.  Company Overview

11.5.2.  Product Offerings

11.5.3.  Financial Performance

11.5.4.  Recent Initiatives

11.6.              Joy Organics

11.6.1.  Company Overview

11.6.2.  Product Offerings

11.6.3.  Financial Performance

11.6.4.  Recent Initiatives

11.7.              Joy Organics

11.7.1.  Company Overview

11.7.2.  Product Offerings

11.7.3.  Financial Performance

11.7.4.  Recent Initiatives

11.8.              CBD Living

11.8.1.  Company Overview

11.8.2.  Product Offerings

11.8.3.  Financial Performance

11.8.4.  Recent Initiatives

11.9.              Pet stock

11.9.1.  Company Overview

11.9.2.  Product Offerings

11.9.3.  Financial Performance

11.9.4.  Recent Initiatives

11.10.           Petco

11.10.1.               Company Overview

11.10.2.               Product Offerings

11.10.3.               Financial Performance

11.10.4.               Recent Initiatives

11.11.           Charlotte’s Web

11.11.1.               Company Overview

11.11.2.               Product Offerings

11.11.3.               Financial Performance

11.11.4.               Recent Initiatives

Chapter 12.  Research Methodology

12.1.              Primary Research

12.2.              Secondary Research

12.3.              Assumptions

Chapter 13.  Appendix

13.1.              About Us

13.2.              Glossary of Terms

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