What is Pet CBD Gummies?
CBD gummies are a form of cannabidiol (CBD) edibles. These are foods containing the therapeutic compound CBD, which comes from the marijuana plant. CBD Gummies are an easy, tasty, and discreet way of ingesting CBD. Some common reasons for giving CBD Gummies to the pet are pain management and relief from anxiety or depression. Increasing adoption of pets in developed nations has led to significant growth of the global pet CBD gummies market over the forecast period.
The market study is broken down by Type (Low Concentration and High Concentration), by Application (Pet Hospital, Pet Shop, Home and Others) and major geographies with country level break-up.
Research Analyst at AMA estimates that Vendors from United States will contribute to the maximum growth of Global Pet CBD Gummies market throughout the predicted period.
CV Sciences (United States), Charlotte's Web Holdings, Inc (United States), cbdMD, Inc (United States), Dixie Brands, Inc. (United States), Reliva CBD (United States), Sunday Scaries (United States), Green Roads (United States), Medix CBD (United States), Hemp Bombs (United States), PureKana (Canada) and Diamond CBD Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Premium Jane (United States) and Veritas Farms (United States).
AdvanceMarketAnalytics has segmented the market of Global Pet CBD Gummies market by Type, Application and Region.
On the basis of geography, the market of Pet CBD Gummies has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Pet CBD Gummies market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Type, the sub-segment i.e. 150mg bag will boost the Pet CBD Gummies market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pet Types, the sub-segment i.e. Cats will boost the Pet CBD Gummies market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Dosage, the sub-segment i.e. 5mg will boost the Pet CBD Gummies market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 4th August 2020, cbdMD, Inc. one of the leading and most highly trusted and recognized cannabidiol (CBD) brands has announced that its pet CBD brand, Paw CBD, has seen an approximate 64% increase in net sales from its March 2020 quarter of approximately USD 750,000 to approximately USD 1,229,000 for its June 2020 quarter.
On 3rd June 2019, Charlotte's Web Holdings, Inc. has officially unveiled its newest CBD product line - hemp extract-infused CBD Gummies – made with whole-plant extract from its prized hemp genetics and featuring synergistic functional ingredients to support specific health-related functions including everyday stress, sleep, and recovery from exercise or active lifestyles.
- Increasing Popularity of the Dog among Other pets and
- Rising Concern Regarding the Health of the Pets
- Rising Disposable Income and Urbanization across the Globe
- Increasing Trends for own a Pet in the Developed Countries
- Growing Awareness about Pet Health among the Pet Owners
- Introduction to the New Processing Technologies along with the Automated Systems for the Production of Ingredients and Pet CBD Gummies
- High Cost Associated with Pet CBD Gummies
- Stringent Government Regulation Associated with Fresh Pet Food Products and CBD Gummies
Key Target AudiencePet CBD Gummies Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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