Veterinary CBD Market 2021 Industry Key Player, Trend and Segmented Data, Demand and Forecast by 2030 | Says Kenneth Research

In a recent published report, Kenneth Research has updated the market report for Veterinary CBD Market  for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.  

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Veterinary CBD Market  products.  

The Global Veterinary CBD Market value is expected to increase to USD 125 million by 2022, at a phenomenal CAGR of 57%.The Global CBD Market is projected to register an impressive CAGR of 36.3%, increasing from USD 1.453 billion in 2018 to USD 17.345 billion by 2026.The global pet care market is also expanding due to the increasing adoption of pets across the world, along with a higher propensity for people to spend on pet healthcare. This market is expected to cross USD 202.6 billion by 2025 at a respectable CAGR of 4.9%.

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At the confluence of both these markets is the relatively new global veterinary CBD market which is poised to grow aggressively, especially in North America. The market stands to benefit from the factors that are propelling both these industries along with its own drivers which ensure that the environment for the global veterinary CBD market is conducive to unprecedented growth as reflected by its astronomical 57% CAGR for the forecast period.

Fewer side effects than conventional medication

Proven to work against many diseases for which the only current alternative is expensive drugs; case in point is osteoarthritis, a disease afflicting canines as they age.Works miraculously toward the maintenance of the mental health of pets with proven reports stating its utility in reducing tiredness, fatigue, balancing mood swings, and aiding pets in adjusting to old age.

Unclear regulatory environment for the use of CBD products and manufacturing of source product (hemp and/or marijuana)Legal allowances and restrictions differ not only from country to country but also within different regions of the same country.Differing laws and regulations pertaining to the purchase and manufacturing/processing of CBD products raw materials across countries, import and export are highly problematic, which tends to limit the growth of the market size.

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Key Players

Honest Paws (US)

HolistaPet (US)

HempMy Pet (US)

Canna-Pet (US)

Joy Organics (US)

Fomo Bones (US)

Pet Releaf (US)

Green Roads of Florida (US)

Wet Noses (US)


By Source

Marijuana-Derived: Completely legal in Canada, South Africa, and a few US states, marijuana is still one of the top raw materials for CBD products due to the potency of the THC. Though very few countries have legalized marijuana completely, many more are expected to effectively legalize it in the near future.Hemp-Derived: Unlike marijuana, hemp is legal in almost all countries of the world and is, thus, used primarily for CBD products. Hemp is somewhat limited only by the weak concentration of THC.

By Product

Food-Grade: The current leading market segment, it has been further divided intoTherapeutic-Grade: This segment is expected to be the fastest-growing due to increased support for these products by veterinarians and consumer concern for the mental wellbeing of pets. The segment has been further classified as

Personal Care: An upcoming niche segment, these items are focused on managing the aptitude of pets and largely deal with hyperactivity, mood management, and elder pet care.

By Distribution Channel

E-Commerce: One of the best distribution channels for veterinary CBD products is the online market space. It easily circumvents the confusing legality pertaining to CBD products while providing a platform where almost all products can be compared and sold.

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Retail Pharmacies: Petcare pharmacies are increasingly stocking CBD pet products as knowledge about them grows and they find wider acceptance among the populace.Vetcare Clinics: Arguably Ground Zero for any pet care product, veterinary clinics have increasingly started stocking pet CBD products as they deem them as efficient and inexpensive alternatives to drug therapy.

Others: This includes most informal channels of sale.

By Region


North America



Latin America


Western Europe






Rest of Western Europe

Eastern Europe






South Korea

Rest of Asia-Pacific

Middle East & Africa

Middle East


Regional Analysis

Americas: Leading the global veterinary CBD market due to the legislative allowances for marijuana and the large-scale infrastructure support for new industries, the North American market is expected to maintain its lead for the foreseeable future. Latin America is keen to follow North America’s lead when it comes to veterinary CBD products, albeit with a significantly smaller market share.Europe: A focus on pet health along with a well-established tradition for research and implementation in the region means the European market is a strong contender to the North American market.

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Asia-Pacific: Boasting highest numbers of pets and livestock, the Asia-Pacific market is currently limited only by regulatory norms and a preference for traditional medical practices. However, being the largest producer of hemp, along with a recorded history of medicinal marijuana use, the region shows the most promise for aggressive market growth once awareness of the benefits of veterinary CBD products increases.

Middle East & Africa: The market in the Middle East & Africa remains the smallest due to low per capita income, fewer household pets, and an underdeveloped pet healthcare industry in these regions.

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

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Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.

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