Pet owners understand our furry friends are more than just pets; they are family. Their joy and well-being are just as important to us as anyone else in our household.
Like humans, animals have physical, emotional, and mental health which need to be maintained. They can experience happiness, strength, physical ailments, good nutrition, trauma, depression, and more.
The Numbers Behind the Pet Industry
The pet industry has been experiencing explosive growth over the past few years as owners are seeing the value of their pets’ well-being more than ever. Here are some statistics:
- The U.S. pet industry reached approximately $99 billion in 2020.
- 61% of U.S. pet owners will pay more for foods targeting their pets’ dietary needs.
- Dog owners spend $73 a year on grooming.
- Cat and dog owners spend about $300 a year on pet food and treats.
- Over 50% of cat and dog owners give their pet a Christmas gift or treat.
- 69% of millennials opt for natural and organic products for their pets.
- 43% of dog owners and 41% of cat owners buy premium pet food.
Forecast predicts the global pet care market will reach $358.62 billion by 2027. Smart technologies are making strides to make the lives of pet owners easier, coming out with GPS pet collars, pet cameras, smart feeders, and many more gadgets.
Furthermore, 61% of U.S. pet owners are willing to pay more for higher quality foods as they are becoming increasingly aware of the impact pet food has on their pets’ health.
The CBD Pet Market is Growing
Here is where CBD comes in.
69% of millennials prefer paying more for naturally-made products, especially CBD. Statistics show one in four dog and cat owners have given their pet CBD oil-infused products. Of those who have given CBD to their pets, two out of three dog owners would give CBD again, and three out of four cat owners would give CBD again.
As the pet market continues to boom and expand, so is the CBD pet market. Pet owners are realizing the potential cannabidiol brings for the wellness of their beloved pets. Forecast predicts the CBD pet market will be worth $125 million by next year, 2022.
If you are a pet owner looking to add CBD into your pets’ daily routine, it is important to know how to safely and effectively introduce it.
3 Things to Consider Before Giving CBD to Your Pet
Speaking with your veterinarian is a good idea before giving CBD to your pet. Every pet is different, and thus, their needs are different. Consulting with your vet can help answer any questions you may have, and bring clarity to your pets’ needs.
Just like anything else we supply our pets with, looking out for quality CBD products are imperative. When it comes to health, it is not worth it to just go for the cheapest option. Look for CBD products that are regulated, have been tested by a third party laboratory, and contain premium ingredients like this one. Your pet will thank you for it.
“Start low and go slow”. Here’s a motto to live by when supplying your pet with CBD. Several veterinarians recommend starting your pet out with 1mg of CBD per 10 pounds of body weight, twice a day. We recommend you to begin with a small serving size and monitor your pet’s reaction for 3-4 weeks. You can increase or decrease the serving size based on the results.
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