Hemp-Derived CBD Market For Pets Worth $60 Million In 2020

A threefold growth is still projected

CBD has already changed the game for makers of dietary supplements and beauty products.

Now hemp-derived CBD has the opportunity and momentum to do the same for the enormous pets market.

Two-thirds of American households currently have pets, and according to data from market analytics giant Nielsen Global Connect, hemp-CBD consumers are 10% more likely to have a pet than non-CBD consumers.

Nielsen projects that by 2025, hemp-CBD dog food and treats will increase by threefold among current users of non-CBD products and nearly that much among all dog owners. Dog vitamins and supplements with hemp-derived CBD are on track to more than double among dog owners and current users of traditional consumer packaged goods, non-CBD products.

To Read The Rest Of This Article On Hemp Industry Daily, Click Here

CHAMPS Smoke Shop Report, or ‘CSS’, online source for the updates and innovations on the smoke shop scene. News and information are geared strictly to accessories retail channels, with distribution limited to retailers that Smoke Shop products and wholesalers.


Stay informed with the most up-to-date industry news to help you grow your business: subscribe to our newsletter below!

Copyright © 2021 CHAMPS Smoke Shop Report. Terms & Conditions | Privacy Policy

To Top