Veterinary CBD Market to Grow at CAGR of 129%, to Reach USD 98.83 million through 2025, Says MRFR

Veterinary CBD Market Research Report Insights and Industry Analysis by Source (Marijuana-Derived, Hemp-Derived); Product (Food-Grade, Therapeutic-Grade, Personal Care); Distribution Channel (E-Commerce, Retail Pharmacies, Vetcare Clinics) and Regions, Competitive Market Size, Share, Trends, and Forecast, 2019-2025

Pune, India - August 14, 2019 /MarketersMedia/ —

Market Overview

The Global CBD Veterinary Market is poised to register a CAGR of 129.97% during the forecast period.

This impressive CAGR is possible due to the increasing number of household pets, the rising demand for humane practices in livestock management, and the easing of restrictions governing the use of CBD products to treat various ailments.

The market for global veterinary CBD products is already very diverse with multiple channels of sale.

Get Free Sample of This Report @ https://www.marketresearchfuture.com/sample_request/8138

SEGMENTATION

By Source

CBD products are derived from two principle sources. Each source produces its own strain and strength of CBD-related products and independently rank within the legal framework of nations.

Marijuana-Derived: Marijuana is prized for its potent THC production but is hampered by the lack of a supporting legal framework for manufacture and processing. This is changing rapidly with marijuana being legalized in countries such as Canada and South Africa and various states in the US. Many countries are moving toward legalization the growth and sale of marijuana and are, therefore, potential markets for CBD products in the foreseeable future.

Hemp-Derived: Hemp has been traditionally valued for the strength of its fiber which is used in numerous industries. With the advent of CBD products and the laws restricting marijuana production, hemp is being used as a source of THC for the production of numerous CBD items. Though it has a weaker THC count than marijuana, hemp is legal throughout the world, resulting in the larger market share for the segment.

By Product

There is a vast array of veterinary CBD products available in the market.

Food-Grade: Leading the market for global veterinary CBD products are food-grade items. This can be attributed to the increasing spending by pet owners. The US pet food market is expected to grow by 4.5% from 2018 to 2019, while the pet healthcare market is projected to reach USD 18.98 billion by 2019, growing by 4.8% from the previous year. The segment can be further divided into:

Treats: Ideal for small doses and inducing calmness

Chews: Best for animals that tend to gnaw

Others: Items such as hemp capsules and hemp biscuits

Therapeutic-Grade: Though the certification process for therapeutic products for animals is lengthy, the easing of restrictions on CBD products for medicinal purposes shall ensure that the segment registers the highest growth rate.

Pet Supplements: CBD-infused pet supplements is a growing market increasing research on the beneficial effects of CBD in treating various mental and physiological pet afflictions.

Pet CBD Oils: Used for a plethora of ailments

Personal Care: These products focus on the mental health of animals, an area which has seen remarkable growth in recent years.

By Distribution Channel

The growth of the global veterinary CBD market is directly impacted by the distribution channels. The distinguishable channels are:

E-Commerce: Top distribution channel for this market, it is expected to as long as THC manufacture and processing remain in the legal gray area globally.

Retail Pharmacies: The primary distribution point for CBD products for household pets, with an edge over the livestock CBD market.

Veterinary Clinics: The primary distribution point for the global livestock CBD market, this segment is expected to register the highest growth rate as veterinary CBD products find greater acceptance.

Others: Direct distribution from the manufacturer and mass orders for large-scale livestock farms are covered in this segment.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/veterinary-cbd-market-8138

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 Region

The global veterinary CBD market is currently concentrated in North America but there is significant untapped potential in other regions due to the increasing number of pets with a corresponding rise in spending on pets.

Americas
North America
US
Canada
Latin America
Europe
Western Europe
Germany
France
UK
Italy
Spain
Rest of Western Europe
Eastern Europe
Asia-Pacific
China
India
Japan
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
Middle East
Africa
Get access to full summary @ https://www.marketresearchfuture.com/reports/veterinary-cbd-market-8138

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact Info:
Name: Akash Anand
Email: Send Email
Organization: Market Research Future
Address: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India
Phone: 6468459312
Website: https://www.marketresearchfuture.com/reports/veterinary-cbd-market-8138

Source URL: https://marketersmedia.com/veterinary-cbd-market-to-grow-at-cagr-of-129-to-reach-usd-9883-million-through-2025-says-mrfr/88908081

Source: MarketersMedia

Release ID: 88908081

More News From chillhype.com

Kanye West hosts service honoring Ohio mass shooting victims

Aug 25, 2019

DAYTON, Ohio — Kanye West hosted a Sunday Service in Ohio in support of those affected by the recent mass shooting. A large crowd gathered at the musician's service in a park in Dayton. The event featured choir singers and was also attended by comedian Dave Chappelle. Chappelle, who resides in nearby Yellow Springs, was scheduled to host a special block party and benefit concert later Sunday in Dayton for those affected by the shooting. That event was expected to feature national and local entertainers. Organizers of Sunday night's "Gem City Shine" event say it would be an effort to...

Stokes leads England to stunning win in Ashes 3rd test

Aug 25, 2019

LEEDS, England — Cricket World Cup hero Ben Stokes scored a stunning 135 not out as England kept its Ashes hopes alive with a one-wicket win over Australia in the third test at Headingley. Stokes scored the winning four Sunday in the afternoon session on Day 4 as England finished on 362-9 in its second innings in its chase of 359. Stokes was dropped by Marcus Harris at third man off Pat Cummins and survived an easy runout and lbw decision close to the end. Allrounder Stokes finished with 11 fours and eight sixes in one of the greatest innings...

Plácido Domingo to perform for first time since accusations

Aug 25, 2019

SALZBURG, Austria — Plácido Domingo returns to the stage at the Salzburg Festival in his first appearance since nine women accused him of sexual harassment in a report by The Associated Press. The case has divided the opera world. Two U.S. opera houses immediately canceled planned appearances. European opera houses have so far confirmed engagements scheduled through November 2020, in what some see as an effort to slow a perceived rush to judgment in the #MeToo movement. The 78-year-old star, who rose to global fame as a tenor, will sing the baritone role of Miller in the Sunday performance of...

Domingo to return to the stage amid harassment allegations

Aug 25, 2019

MILAN — Placido Domingo returns to the stage at the Salzburg Festival this weekend to perform for the first time since multiple women accused the opera legend of sexual harassment in allegations brought to light by The Associated Press. Two opera houses in the United States have canceled performances, but no European opera house has taken Domingo off the bill. Instead, some colleagues and venues there have come to his defense, resisting what they see as a rush to judgment. The 78-year-old Domingo has received the full support from Salzburg Festival management and his co-stars ahead of Sunday's performance of...

Olympic gold medalists Lindsey Vonn, PK Subban engaged

Aug 25, 2019

Lindsey Vonn and P.K. Subban can add a diamond (ring) to their gold (medals): The star athletes say they're engaged. Vonn, a three-time Olympic champion in Alpine skiing, and Subban, a defenseman for the NHL's New Jersey Devils who won a Winter Games hockey title with Canada, posted the good news on social media. Vonn sent out a photo of the happy couple via Twitter on Saturday, writing: "Here's our mature engagement pic lol. How cute is he?!"

ChillHype brings to you the latest trends, viral, and entertainment news. We create a happy community and keep every Malaysian connected. Let’s chill and catch up with the hype together!

Contact us: sales@chillhype.com