Jul 19, 2022, 08:47 EST
Shibuya-ku, Tokyo, Japan, Japan, Jul 19, 2022, 08:47 /Comserve / -- Hemp derivative products such as CBD Pet Supplements have become a huge market for pet owners as pet owners are turning to alternative option of non-traditional therapeutics.
InsightAce Analytic Pvt. Ltd. announces the release of market assessment report on “Global CBD Pet Market Assessment – Revenue (US$ Mn) Forecast Till 2031”
Hemp derivative products such as CBD Pet Supplements have become a huge market for pet owners as pet owners are turning to alternative option of non-traditional therapeutics. Cannabidiol is the main compound found in a hemp plant that is being used because of its medicinal properties. There is an increase in demand of CBD among population to control a range of conditions such as nausea, anxiety, stress, etc.
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Increasing consumer awareness of the natural supplements with therapeutic benefits of cannabis driving the growth of market. Additionally, raising government support and favourable trade regulatory environments related to CBD, cannabis and hemp fuelling the growth of market. For instance, the Farm Bill passed in December 2031, at United States Congress for the the Agricultural Improvement Act of 2018, to separating hemp and hemp-derived CBD from marijuana-based products, expected to create ample opportunities for the hemp-derived products including CBD to be used in the pet food industry.
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Why should buy this report:
- To receive a comprehensive analysis of the prospects for Global CBD Pet Market
- To receive industry overview and future trends CBD Pet market
- To analyze the CBD Pet market drivers and challenges
- To get information on CBD Pet size value/revenue (US$ Mn) forecast till 2028
- Major Investments, Mergers & Acquisition in CBD Pet industry.
The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.
For more information, please contact:Lauren Brown
Shibuya Data Count
Tel: + 81 50 50509159
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