Cbd Pet Food Market

Pet food giant purina owned by nestlé is now considering making cbd dog food while small pet cbd brands are expected to be taken over by companies such as mars inc nestlé general mills inc.

Cbd pet food market.

Cbd or cannabidiol is a compound found in cannabis and hemp. Pet and animal product sales are estimated to reach usd 125 million by 2022 representing a 5 year cagr of 57 among the fastest growing sectors in the cbd market and it s easy to see why cannabis companies are pouncing on the opportunity. On november 25 the fda announced that it sent warning letters to the cbd product makers. Thirteen companies making cannabidiol cbd products for pets were among the 15 warned by the u s.

The global cbd pet products market is a niche market with various small and medium sized companies coining a very minimal share in the world. In fact most cbd products are derived from hemp and not from marijuana. Food and drug administration that their sales of cbd containing pet and human items violated the federal food drug and cosmetic act fd c act. We have great deals on all the best brands to keep your dog happy and healthy.

In recent years growth in the 130 billion global pet market has been fueled by dog and cat owners willingness to spend heavily on premium products such as grain free foods or organic treats. The ecs which interacts with many bodily systems is activated by cbd and other cannabinoids in full spectrum hemp. However the ongoing activities of the pet food giants such as nestle purina mars inc and jm smucker among others into the cbd industry is likely to provide a slighly consolidated view of the market. The regulatory situation is still murky for cbd the food and drug administration hasn t yet ruled it s safe to put it in food or drinks and there are no.

Klein says it is essential to note that in most cases cbd does not contain delta 9 tetrahydrocannabinol thc the compound that gives marijuana its psychoactive properties. The cbd market could be worth almost 24 billion in the u s. Find your pup s favorite food treats toys and more dog supplies. Cbd binds to endocannabinoid system ecs receptors in an animal s body.

Cbd or cannabidiol is one of 80 cannabinoids found in hemp plants flowers and leaves. Recently nielsen the well known measurement company and headset a provider of data and analytics.