The CBD pet market is currently going through a boom with a large array of CBD companies along with traditional pet care companies looking to position themselves in the market.
While the CBD pet care market is growing as one of the fastest growing CBD segments, global pet CBD sales are expected to reach US $ 424.38 million by 2024, the regulations and legal terms regarding products CBD pet remains moderately gray and unregulated.
Currently, the legality surrounding CBD pet care products is undergoing a period of evolution. The US, while still the most mature market is without Food and Drug Administration (FDA) approval.
The FDA works closely with the Association of Food Control Officers of America (AAFCO), a nonprofit and non-governmental organization that acts as an advisory board for pet food labeling and management. According to AAFCO, cannabis and cannabis products cannot be used in animal feed or pet food in the US.
Although AAFCO does not have regulatory authority, some states adhere to their guidelines. Colorado, one of the first states to legalize cannabis in human food products, is a prime example as it adheres to AAFCO ‘s pet feeding regulation.
While some states adhere to AAFCO directives, other states such as Oregon have authorized the manufacture, distribution, and sale of hemp-CBD pet food, which is restricted to “dog and cat” food. ”Containing no more than 0.3% total THC. These products, sold in Oregon, must meet testing requirements submitted by the Oregon Health Authority that include tests for microbiological contaminants. Other states have not stood by and thus making the sale of illegal or unregulated pet CBD products leaving the U.S. gray market open.
In other emerging markets such as Europe, regulations for CBD products have been controversial with the EU commission’s debate on CBD labels and member states adopting different rules.
These rules and discussions targeted CBD for human consumption leaving pet CBD products in the dark. Although there are no specific CBD regulations for pets in most UK countries, pet CBD products are still widely available. In Latin America CBD pet care rules have changed over time, as Columbia Colombia and Uruguay allow cannabis products for pet care, signaling a growing industry, with significant navigation market potential.
However, in the UK under the Medicines Directive (VMD), pet products are considered CBD as a drug and should be regulated as such. Therefore, CBD products for human consumption require a marketing license before they can be sold or supplied in the UK.
CBD-based products are not currently licensed for veterinary marketing in the UK. Even though the law prohibits over-the-counter sale of pet CBD products there are still several companies on the market that advertise their products specifically for use by pets.
The lack of regulation in the CBD pet market is largely due to the lack of meaningful analysis in the field and level of market confidence. In 2020, the FDA conducted a randomized product analysis of pet CBD products and found that out of 22 products only 12 of the products examined contained the amount of CBD marked on the package. . What is alarming is that 9 of the tested pet care products had THC levels that were above the permitted legal limits. Because THC can be lethal to pets this is causing a lot of public confidence in CBD pet care products.
To date, little scientific research has been done on the effects of CBD’s medical properties on pets, but few have shown good results. In 2019, Colorado State University (CSU) conducted a small study to evaluate the short-term effects of CBD on dog uptake levels. A 2019 clinical trial found that 89% of dogs that received CBD saw a reduction in seizures.
A 2018 study at Cornell University concluded that CBD at 2mg per kilogram administered twice daily, over a month, had positive results on dogs with pain and osteoarthritis-related activity. Although there is little research on this issue, there is a large series of testimonials by veterinarians, veterinarians and pet owners, stating that CBD products have strong pharmacological properties for animals with various medical conditions.
Prohibited Partners COMMENTARY SERIES: Concerns about pet care bringing a deep dive into the current state of the CBD pet care market and consumer trends. The report includes:
- Legislation and Regulation
- Market Size and Forecasts
- Market trends
- User Data
- Companies companies and brand
- The future of the industry