The growing adoption of pets, especially in Europe, has played an integral role in the growth of the global pet CBD market. A research finds that every third person in Europe has, or is willing to pet an animal. Furthermore, the growing love of the people for animals like dogs and cats has paved way for advancements across multiple markets. Therefore, the global pet CBD market is expected to earn revenues from the rising population of pet-lovers. Research studies also find that the nuclear structure of families has led to increased adoption of pets.
In this blog, TMR Research presents a balanced take on the drivers and restraints pertaining to the global pet CBD market.
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Need for Hygiene
A large population of people prefers to pet their furry companions at home, rather than going out for social gatherings. Therefore, the global pet CBD market is expected to expand at a stellar pace in the years to come by. Petting an animal comes with several responsibilities, and maintaining proper hygiene for the pets is one of them. Hence, the use of pet CBD to ensure proper development and care of pets is an important consideration for pet owners. Furthermore, pet CBD can be used to relieve anxiety in dogs and cats. Hence, the substance comes in handy when the pets are affected by some form of trauma or distress.
Increased Spending on Pet-Care
People have become increasingly willing to spend a large part of their income on their pets. This factor has led to increased demand for pet CBD that can be used to relieve pain, stress, and seizures. Furthermore, several people consider their pets as a part of their family, and spend a large amount of money on pampering them.
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