According to data from Brightfield Group, overall, the US CBD (cannabidiol) market is expected to reach $24 billion by 2023, with the pet market accounting for 7% of total market sales.
The sale of pet supplies is a huge market. Among the pet consumer products, medical and food consumption are essential categories. More and more pet owners in the United States are beginning to try pet supplies that contain CBD (cannabidiol).
What are the benefits of CBD for pets?
CBD (cannabidiol) in cannabis is not as addictive as THC (tetrahydrocannabinol), but also has many medical values in anti-inflammatory, anti-epileptic, anxiolytic, anti-cancer, and other aspects.
Cannabis plants can act on our bodies because each of us has an endocannabinoid system (ECS), which not only accepts cannabis plants to make people feel "high." It can also regulate our body balance and maintain balance in the body.
The ECS system exists not only in the human body. This system plays an indispensable role in maintaining the homeostasis of fish, reptiles, birds, and mammals (including humans). The ECS system is involved in pain, stress, appetite, energy, cardiovascular function, reward perception, reproduction, and sleep. CBD (cannabidiol) affects ECS, thereby regulating pain, anxiety, appetite, and other functions. Because pets, like humans, have an endocannabinoid system (ECS), CBD can act on pets just like humans do.
- 1. Relieve anxiety. The survey shows that many pet dogs have suffered from "pet separation anxiety disorder." If the pet owner cannot accompany the pet frequently, the pet does not learn to be alone, and over-reliance on the owner will cause pet separation anxiety. When the owner went out, the pets became restless, ruined their homes, and yelled loudly; they were uneasy; they could not help excretion, causing urination and defecation; severe anxiety also caused vomiting, diarrhea, etc. Pet foods or health products containing CBD can relieve pets' stress and let them relax.
- 2. Reduce aggressive behavior. This problem is complex, and many factors can lead to canine attacks, such as medical problems, behavioral problems, and trauma. Using CBD can help pets feel more calm and relaxed; it reduces the possibility of dogs triggered by specific conditions.
- 3. Relieve seizures. Epilepsy is more common in pet dogs, manifested as sudden fall to the ground, convulsions, cramps, restlessness, irritability, wailing, hiding in the dark, stiffness in the body, etc. CBD drugs have used for anti-epilepsy in humans. Many pet owners have epilepsy. After using CBD oil drops and CBD foods for pets, they found that their seizures have significantly reduced.
- 4. Anti-inflammatory and pain relief. Like people, dogs get older and suffer from the geriatric disease. Arthritis is a common one, and swelling and pain are often factors that afflict them. After suffering from arthritis, the dog's activities are always stiff after waking up; the paw joints are fat, swollen, and painful when touching; suddenly become irritable and changeable. The anti-inflammatory and analgesic effects of CBD (cannabidiol) are well known. Foods and health products that use CBD for dogs will help their anti-inflammatory and pain relief. In addition to these, CBD also has the effect of relieving pets' loss of appetite, reducing fear, and improving glaucoma symptoms.
The status of Chinese pet CBD product market
In China, CBD products' main direction in the pet market in the future will be medical and food. According to data released by iiMedia Research, in 2018, there were about 68 million households with pets in China.
The Chinese pet industry reached a market size of $24.1 billion in 2018, with a growth rate of close to 30%. It expected that the market size would reach $42.3 billion by 2020. Among them, pet food (including staple foods, snacks, and health products) reached a market size of $13.15 billion in 2018, with a growth rate of up to 86.8%, a substantial increase from 2017. Once China opens the CBD (cannabidiol) pet food market, the market scale is considerable.