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Cannabidiol (CBD) Pet Market Share

Report ID: GMI9941
Published Date: Jun 2024
Report Format: PDF

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CBD Pet Market Share

The global market for CBD pet products is highly competitive, with numerous key players competing for market dominance. Leading companies offer a diverse array of CBD pet products, comprising oils, treats, and supplements. The companies are strongly focusing on strategies for market expansion emphasizing adherence to regulatory requirements, diversification of product offerings, and forging strategic partnerships to capitalize on the expanding global demand for CBD pet products.

Cannabidiol Pet Market Companies

Some of the prominent players operating in the CBD pet industry include:

Antelope
CBDfx
CBD living
CannPal Animal Therapeutics (AusCann Group Holdings)
Canna-Pet
Canopy Animal Health
Charlotte's Web Holdings, Inc.
CV Sciences, Inc.
Elixinol Wellness Limited
Hempstrol
Holistapet
Honest Paws
Nature Can Pets
Petco Health and Wellness Company, Inc.
Rabbit CBD Company

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Cannabidiol pet industry size was worth 693.4 million in 2023 and is projected to expand at 18.2% CAGR from 2024 to 2032, due to the growing pet ownership coupled with increasing awareness and acceptance of the potential therapeutic benefits of hemp-derived CBD for pets.

The dog pet type segment in the CBD pet industry accounted for USD 416.1 million in 2023 and is estimated to showcase notable gains between 2024 and 2032, due to increasing popularity of dogs as pets globally.

The supplements product type segment in the cannabidiol (CBD) pet industry recorded 62.7% share in 2023 and is estimated to depict substantial gains between 2024 and 2032, owing to the increasing demand for CBD supplements among pet owners.

U.S. cannabidiol pet industry size recorded USD 384.9 million in 2023 and is estimated to expand at significant CAGR from 2024 to 2032, on account of the large population of pet dogs and cats with millions of households owning at least one canine and feline as a companion.