CBD pet market to hit $399.2 Million by 2027?

The global CBD Pet Market is anticipated to reach a of value USD 399.2 million by 2027. It’s expected to register a CAGR of 40.3% over the forecasted years, 2020 to 2027. The rising health concerns of pets coupled with surging expenditure across the health and wellbeing sector is projected to drive the market growth.

North America accounted for the highest share of around 35.0% across the global market in 2019 due to the surging presence of key players and the imposition of favourable initiatives by governing authorities across the U.S. and Canada. Europe also accounted for a significant share owing to the legalisation of CBD and increasing pet population across this region.