Veterinary CBD Market Overview
The veterinary CBD market is anticipated to grow by US$125 million by 2022 rapidly growing at a CAGR of 57% during the forecast period. The growing number of household dogs, favoured by pet owners for being organic and low deployment costs, drives the global veterinary CBD industry. In the veterinary CBD market report, an updated overview of the veterinary CBD market trends, new innovations, and overall industry performance information are discussed. Primary and secondary data are the basis of the study study. This knowledge is gathered from leading organisations, veterinary CBD industry players, business leaders, and key decision makers. The data is then reviewed and checked with reputable sources for the veterinary CBD market study.
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Veterinary CBD Market Segmental Analysis
Vet Cbd Price is segmented by source, product, and distribution channel.
By source, it is segmented into hemp derived and marijuana derived. The hemp derived segment is expected to perform exceptionally due to being a source of tetrahydrocannabinol (THC) and the unclear policies regarding marijuana. On the other hand, the marijuana derived segment can drive the fortunes of the global veterinary CBD market due to the legalization of marijuana farming in few countries.
By product, it is segmented into therapeutic-grade, food-grade, and personal care. Therapeutic-grade is further segmented into pet supplements and pet CBD oils. Food-grade, on the other hand, is segmented into soft chews, treats, and others. The therapeutic-grade segment is projected to exhibit a stellar growth rate during the forecast period due to rollback of certain policies restricting production of CBD. On the flip side, the personal care segment is expected to expand in size due to opportunities for mood management and elderly pet care.
By distribution channel, it is segmented into veterinary clinics, retail pharmacies, e-commerce websites, and others.
Veterinary CBD Market Regional Analysis
A substantial number of enterprises have been involved players in the worldwide demand for CBD veterinary products. These businesses working in the market for veterinary CBD are scattered across the globe in numerous locations. The researchers of the CBD veterinary industry have segmented the overall market into regional markets. North America, Asia-Pacific (APAC), Europe, and the rest of the world are the regions covered in the veterinary CBD market study. Many businesses working in the veterinary CBD industry are distributed across the United States, Canada, and Mexico in the North American market. The European veterinary CBD industry involves companies in major European countries, including Germany, France, Spain, Italy, and the UK. Similarly, in the Asia-Pacific region, the global veterinary CBD market is also expanding across India, China, and Japan. Other areas of the world, including the Middle East, Africa, and others, are also included in the business study.
Competitive Landscape
Major industry participants in the global veterinary CBD market include Joy Organics, Fomo Bones, Green Roads of Florida, LLC, HempMy Pet, Honest Paws, Pet Releaf, Wet Noses, Canna-Pet, and HolistaPet.
Industry News
Willie’s Reserve, a U.S.-based chain of stores offering marijuana-based products, is launching a new line exclusively for pets. The company is willing to reach its consumer by showcasing its line at pet product exhibitions.
Table of Contents
1. EXECUTIVE SUMMARY
1.1. Market Attractiveness Analysis
1.1.1. Global Veterinary CBD Market, by Source
1.1.2. Global Veterinary CBD Market, by Product
1.1.3. Global Veterinary CBD Market, by Distribution Channel
1.1.4. Global Veterinary CBD Market, by Region
2. MARKET INTRODUCTION
2.1. Definition
2.2. Scope of the Study
2.3. Market Structure
2.4. Key Buying Criteria
2.5. Macro Factor Indicator Analysis
3. RESEARCH METHODOLOGY
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List of Assumptions
4. MARKET DYNAMICS
4.1. Introduction
4.2. Drivers
4.2.1. Rise in the Adoption of Pets
4.2.2. Growing Animal Healthcare Expenditure
4.2.3. Increasing Awareness of Animal Health
4.3. Restraints
4.3.1. XX
4.3.2. XX
4.4. Opportunities
4.4.1. Regulatory Scenario
5. MARKET FACTOR ANALYSIS
5.1. Value Chain Analysis/Supply Chain Analysis
5.2. Porter’s Five Forces Model
5.2.1. Bargaining Power of Suppliers
5.2.2. Bargaining Power of Buyers
5.2.3. Threat of New Entrants
5.2.4. Threat of Substitutes
5.2.5. Intensity of Rivalry
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