Huge Market for Pet CBD products!
The ever-growing CBD market has spawned an interesting sub-segment, pet products!
Hemp-based CBD products, typically pet products, will make up 3-5% of all hemp CBD sales in the US by 2025.
Other findings include of the pet cbd market include:
*74% of CBD buyers have pets.
- Pet products have racked up over $9.4 million in sales in California, Colorado, Nevada and Washington between 2018 and 2019
- The average price per pound for CBD dog treats is twice the average dog treat.
- 24% of pet owners use hemp-CBD either for themselves, their pet(s), or for both.
- Nearly 26% of American adults with dogs are using hemp-CBD products.
Read more on Forbes about the booming pet CBD market.
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