Pet Industry Growth & CBD Trends
Total U.S. pet market sales have increased every single year over the past decade, growing from $51 billion in 2011 to an estimated $110 billion in 2021. The market has doubled and shows no signs of slowing down. Pet supplements are leading this explosive growth.
Pet Supplement Market Trends
The pet supplements industry is projected to exceed $1 billion by 2027. Pet parents are increasingly seeking solutions like vitamins, probiotics, omega oils, and most notably, CBD supplements. Google Trends shows that “CBD for dogs” remains one of the most popular search terms in the pet wellness space.
Pets and Parents Want Something Better
Research shows dog owners are more likely to eat a diverse diet including plant-based foods compared to non-dog owners. This wellness-forward mindset extends to their pets, leading to increased demand for hemp-based pet products like soft chews, oils, and joint support supplements.
New studies, like those from Baylor College of Medicine, confirm that CBD oil may reduce symptoms of canine osteoarthritis, a condition that affects 20% of dogs over the age of one.
Future Outlook
As more pet parents seek natural solutions, supplements — especially CBD products — will continue to lead growth in the pet industry. Expect to see more innovation in plant-based wellness solutions for dogs and cats throughout 2024 and beyond.
Shop Hemp Well® Near You
Ready to try trusted hemp supplements for your pet? Use our Store Finder to locate CBD treats and oils near you or shop online for fast delivery.
