- Food-Grade
- Therapeutic-Grade
- Personal Care
Veterinary CBD Market size was valued at USD 197.89 million in 2022 and is poised to grow at a significant CAGR of 14.2% from 2023-2029. The potential therapeutic applications of CBD in the context of evidence-based medicine, especially in dogs and horses in relation to the treatment of pain, epilepsy, and anxiety in order to give veterinarians a succinct summary of scientific results in this area. Increasing interest in the therapeutic approach in veterinary medicine is logically connected to expanding the use of cannabinoids or medical cannabis in humans. Due to legal restrictions, the use of medical cannabis for veterinary purposes is not permitted in many nations; however, the use of CBD alone is generally possible. However, the number of trustworthy sources for the clinical use of cannabis in veterinary medicine is substantially smaller. Cannabidiol (CBD) products have become very popular recently, both among pet owners and in the veterinary field. Over-the-counter hemp-based CBD is extremely well-liked due to its widespread accessibility and Internet "buzz," and cannabis, in general, has turned into one of the most influential natural medications to be brought into contemporary veterinary practice.
Veterinary CBD Market Key Developments:
- In Feb 2019, Canopy Growth and Martha Stewart worked together to introduce a line of CBD-infused animal health products.
Veterinary Cbd Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
14.2%
Largest Market
North-America
Fastest Growing Market
Asia-Pacific
Veterinary CBD Market Dynamics
Over the past ten years, a rise in the proportion of homes with several pets has been crucial in maintaining the size of the pet population. In the US, there were 149 million dogs and cats kept as pets in 2020 compared to 140 million in 2019, an increase of around 7%. That growth greatly outstripped pre-pandemic projections, which expected an increase of 1%-2%. Due to the peculiarities of the lockdown situation, many Americans choose to adopt or purchase pets as companions. The epidemic also significantly decreased birth rates, which may have led some millennial couples to choose dogs over children. Hence, the flood of CBD supplements that entered the market to treat concerns like anxiety, pain management, and inflammation for pets led to an increase in the sales of pet supplements in 2020.
Asia-Pacific Got Significant Share
Veterinary CBD Market Regional Analysis
The Veterinary CBD market in Asia Pacific is likely to hold a significant revenue share in 2021, and, in the following years, it is predicted to increase rapidly. The growth for the region can be attributed to raising consumer knowledge of natural supplements and the present focus on cannabis's medicinal uses. Additional factors that are anticipated to fuel market growth include the rise in pet adoption and the rising demand for high-end care products. USA is the major contributor for the growth of the market in the region. Asia Pacific held considerable market share during estimated period. The manufacturing of CBD oil cakes and capsules for pets is expected to increase in the region, particularly in China, which is located in the APAC region and has had a quick expansion of the pet CBD industry.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Veterinary Cbd Market Segmentation
By Product Type
By Source
- Marijuana-Derived
- Hemp-Derived
By Distribution Channel
- E-Commerce
- Retail Pharmacies
- Vetcare Clinics
Frequently Asked Questions
The Veterinary CBD Market size was valued at USD 197.89 million in 2022
The major players in the global veterinary CBD market are Canna-Pet (US), Fomo Bones (US), Green Roads of Florida (US), HempMy Pet (US), HolistaPet (US), Honest Paws (US), Joy Organics (US), Pet Releaf (US) and Wet Noses (US).
The Veterinary CBD Market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 1. Executive Summary |
| 2. Global Veterinary CBD Market Introduction |
| 2.1.Global Veterinary CBD Market - Taxonomy |
| 2.2.Global Veterinary CBD Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.Source |
| 2.2.3. Distribution Channel |
| 2.2.4.Region |
| 3. Global Veterinary CBD Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Veterinary CBD Market Analysis, 2018 - 2022 and Forecast 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Veterinary CBD Market By Product Type , 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 5.1. Food-Grade |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Therapeutic-Grade |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Personal Care |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Global Veterinary CBD Market By Source, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 6.1. Marijuana-Derived |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Hemp-Derived |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7. Global Veterinary CBD Market By Distribution Channel, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 7.1. E-Commerce |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Retail Pharmacies |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Vetcare Clinics |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 8. Global Veterinary CBD Market By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9. North America Veterinary CBD Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 9.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Food-Grade |
| 9.1.2.Therapeutic-Grade |
| 9.1.3.Personal Care |
| 9.2. Source Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Marijuana-Derived |
| 9.2.2.Hemp-Derived |
| 9.3. Distribution Channel Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.E-Commerce |
| 9.3.2.Retail Pharmacies |
| 9.3.3.Vetcare Clinics |
| 9.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10. Europe Veterinary CBD Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Food-Grade |
| 10.1.2.Therapeutic-Grade |
| 10.1.3.Personal Care |
| 10.2. Source Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Marijuana-Derived |
| 10.2.2.Hemp-Derived |
| 10.3. Distribution Channel Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.E-Commerce |
| 10.3.2.Retail Pharmacies |
| 10.3.3.Vetcare Clinics |
| 10.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11. Asia Pacific (APAC) Veterinary CBD Market,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Food-Grade |
| 11.1.2.Therapeutic-Grade |
| 11.1.3.Personal Care |
| 11.2. Source Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Marijuana-Derived |
| 11.2.2.Hemp-Derived |
| 11.3. Distribution Channel Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.E-Commerce |
| 11.3.2.Retail Pharmacies |
| 11.3.3.Vetcare Clinics |
| 11.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12. Middle East and Africa (MEA) Veterinary CBD Market,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Food-Grade |
| 12.1.2.Therapeutic-Grade |
| 12.1.3.Personal Care |
| 12.2. Source Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Marijuana-Derived |
| 12.2.2.Hemp-Derived |
| 12.3. Distribution Channel Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.E-Commerce |
| 12.3.2.Retail Pharmacies |
| 12.3.3.Vetcare Clinics |
| 12.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13. Latin America Veterinary CBD Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 13.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Food-Grade |
| 13.1.2.Therapeutic-Grade |
| 13.1.3.Personal Care |
| 13.2. Source Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Marijuana-Derived |
| 13.2.2.Hemp-Derived |
| 13.3. Distribution Channel Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.E-Commerce |
| 13.3.2.Retail Pharmacies |
| 13.3.3.Vetcare Clinics |
| 13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Canna-Pet (US) |
| 14.2.2.Fomo Bones (US) |
| 14.2.3.Green Roads of Florida (US) |
| 14.2.4.HempMy Pet (US) |
| 14.2.5.HolistaPet (US) |
| 14.2.6.Honest Paws (US) |
| 14.2.7.Joy Organics (US) |
| 14.2.8.Pet Releaf (US) |
| 14.2.9.Wet Noses (US) |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
- Canna-Pet (US)
- Fomo Bones (US)
- Green Roads of Florida (US)
- HempMy Pet (US)
- HolistaPet (US)
- Honest Paws (US)
- Joy Organics (US)
- Pet Releaf (US)
- Wet Noses (US)