CBD or Cannabidiol has become tremendously popular in the recent past, thus triggering interest in the use of CBD to treat pets. CBD for pets in 2024 has evolved from being a popular industry to becoming more of a scientific field with great extension and great market growth. People want a more natural and organic approach to addressing their pet’s health issues and so there is a growing trend in using CBD products to improve the quality of life of their pets.
Understanding CBD and Its Effects on Pets
CBD is a non-intoxicating concentration obtained from the Cannabis sativa plant for which a range of medical applications are demonstrated. CBD is non-psychoactive, unlike THC, which is why it is safer to use for both animals and human beings. Studies thus suggest that Cannabidiol engages with the endocannabinoid system (ECS) in mammals, including dogs and cats. ECS is critically important in modulating different bodily processes which include homeostasis, pain sensation, inflammation, appetite, and mood among others.
Although there is not a significant amount of research done on CBD for pets presently, initial studies do show potential. Studies suggest that CBD may offer benefits for pets dealing with various conditions, such as
1. Pain Management: CBD can help in the process of decreasing the signs of inflammation and binding with pain receptors thus reducing pain. This is especially true for pets that have constant pain, arthritis or pain resulting from surgery.
2. Anxiety and Stress Relief: Like people, animals can get stressed and, in particular, anxiety stricken pets. Another benefit of CBD is to help the pet relax, thus appealing to pet owners with pets that are anxious when left alone, scared of loud noises like thunderstorms and fireworks among others.
3. Seizure Management: CBD has been proven to give positive outcomes in decreasing the number and intensity of seizures in epileptic animals. According to a study done by Cornell University College of Veterinary Medicine, over 80% of the dogs suffering from arthritis felt relieved from the pain when they used CBD supplements well illustrating their abilities in managing seizures and chronic pains.
4. Appetite Stimulation: For pets experiencing appetite loss due to illness or medication side effects, CBD may help stimulate their appetite and maintain a healthy weight.
5. Skin Conditions: Topical CBD products, such as creams or balms, can be beneficial for pets with skin conditions like allergies or dry, itchy skin.
The Growing CBD Pet Market
The CBD pet market is experiencing exponential growth. In 2023, the market was valued at USD 693.4 million and is projected to grow at a compound annual growth rate (CAGR) of 18.2% from 2024 to 2032. This growth is driven by increased pet ownership, rising awareness of CBD’s potential benefits, and a shift towards natural, holistic treatments.
One of the key drivers of this market is the rising incidence of chronic conditions in pets, such as osteoarthritis, epilepsy, and anxiety. For example, studies show that feline epilepsy affects up to 2% of the general feline population, highlighting the need for effective treatments. The prevalence of these conditions has led to a surge in demand for CBD products, positioning CBD as a viable alternative to traditional medications.
4. Appetite Stimulation: In cases where pets lose their appetite because of illness or side effects of medications, they may benefit from the use of CBD since this can help restore their appetite and prevent obesity.
5. Skin Conditions: There are many topical forms of CBD products which are in the form of creams or balms, can be useful for animals with skin ailments including; allergies or dry and scratchy skin.
It is for this reason that we get to see the emerging CBD Pet Markets.
CBD pet marketplace has grown to become an exponential business. The market was valued at USD 693 in 2023. The number of patients suffering from neurological disorders are continually increasing every year due to its rising awareness amongst people and advancements in technology. 4 million but is expected to reach approximately 44. 3 million by end of the year 2022 with a CAGR of 18. down to 2% the year 2024 going to 2032. This growth is attributed to the rise in the number of households with pets, growing awareness about the benefits of CBD and the turn to natural products.
Another factor has to do with increasing prevalence of various diseases in pets based on factors of osteoarthritis, epilepsy, and anxiety. For instance, it has been estimated that feline epilepsy rate ranges from 0. 5 – 2% of the total cat population and this is why efficient management therapies are required. These conditions have made people turn towards CBD products and make CBD an option to normal medicines.
Market Trends and Segments
– Pet Type: Dogs are the largest revenue contributors in the CBD pet market while owning the largest share in 2023, USD 416. 1 million. This is due to diseases such as osteoarthritis, hip dysplasia, and the increasing use of CBD for dogs’ health by their owners. The availability of new CBD products including CV Sciences’ +PlusCBD Pet Hip and Joint Health Chews contributes to this segment’s growth.
– Product Type: The supplements segment turns up the largest share of the market at 62 percent. 7% in 2023. CBD supplements have pet products in chewable form, as treats, and in a droplet form which is easy to administer and deliver the best outcomes to pets.
– Application: Joint health and mobility is the largest and the most rapidly developing application area according to the CAGR of 18%. The many ailing pets suffering from joint disorders and other diseases such as osteoarthritis require the best treatment and this puts CBD products at the forefront of choice by many consumers.
– Distribution Channel: E-commerce service is likely to have the largest market share that is expected to grow to USD 1. 3 billion by 2032. This is because as compared to traditional stores, shopping can be done online and on top of this there are discounts during certain seasons. Another factor that is growing the market is the relations between the developers of CBD products and the e-commerce sites.
Legal Considerations and Safety
It is also important to know the laws as they apply to CBD for pets since the legal considerations of this substance are different for various areas. Thus, low THC content through hemp derived CBD is legal for humans as well as animals in many places. However, the product which contains THC or are derived from marijuana plants may have certain restrictions or banned in certain areas.
While selecting a CBD product for your pet, it is recommended to get only the best, third-party lab-tested, and formulated for the pets. There is typical dosage amount, but speaking with a vet familiar with CBD’s effects on canines, you can ensure that the right dose for the animal has been given and how its progress is, can be observed.
CBD for pets, or Cannabidiol for pets, is a topic that continues to elicit mixed debates which makes it important to look into the future of CBD for pets.
In 2024 CBD for pets rises to the surface into a natural middle that holds huge potential to help enhance the lives of the beloved animals. That’s the reason why it is expected the market for CBD products for pets’ use will continue to expand as more research is done, and more and more studies confirm the positive effects of cannabidiol on animals.
However, the use of CBD for pet owners, especially dog owners, should consult with the veterinarian. We have seen that, under the right supervision and direction, CBD can be an informative supplement to your pet’s health plan, and thus positively contribute to the pet’s well being and quality of life in a safe and holistic approach. With the increase of the market and a vast array of investigations, future for CBD for pets seems rather bright and illuminating new horizons. to improve pet health.