As more people turn to natural remedies for their pets’ health issues, CBD pet products are becoming increasingly popular. However, pet businesses may wonder if they should carry CBD pet products in their retail. In this blog post, we’ll explore the benefits and considerations of carrying CBD pet products in your pet business.
Benefits of Carrying CBD Pet Products
- Meet Customer Demand
As more people turn to natural remedies for their pets’ health issues, CBD pet products are becoming increasingly popular. The market for CBD pet products has seen significant growth, with Google search queries for “CBD for pets” increasing by over 50% in the last year alone. This reflects a broader trend in the pet care industry, where the CBD Pet Market in 2023 is US$ 0.63 billion, and is expected to reach US$ 3.03 billion by 2031 at a CAGR of 21.60% (LinkedIn). Given these trends, pet businesses may wonder if they should carry CBD pet products in their retail. In this blog post, we’ll explore the benefits and considerations of carrying CBD pet products in your pet business.
CBD pet products’ growth is fueled by the increasing consumer awareness of natural supplements and the current spotlight on the medical and therapeutic benefits of cannabis. The market is primarily driven by factors such as increasing R&D initiatives, pet humanization, increasing demand, and expenditure. The rising incidence of bowel and GIT-related problems in pets, the increase in the number of pets that suffer from anxiety and sleep disorders like in human beings, and the growing rate of such disorders in pets are propelling growth for the pet CBD pet products market in the forecast period.
- Enhance Your Product Line
Adding CBD pet products to your retail can also enhance your product line. CBD pet products can complement other natural and holistic products that you already offer, and can add to the variety of options you provide to customers. This can help your business stand out and show that you are committed to providing a comprehensive and effective range of products.
Several players are launching new CBD-based products in the market. For instance, in November 2022, Happy Paws launched a premier line of hemp-derived THC-free CBD pet products that enable dogs and cats to enjoy the benefits of CBD. The company has an innovative process that infuses all the good properties of CBD oil into a range of products that includes three unique Tinctures (Daily, Calming, and Hip & Joint).
- Provide Health Benefits
CBD pet products have been shown to have numerous health benefits for pets, such as reducing anxiety, relieving pain, and improving overall wellness. By carrying CBD pet products, you can provide a natural and effective solution to pet health issues, and help pets lead happier and healthier lives.
Moreover, cannabidiol treatment is important for cancer related difficulties in pets, growing demand for CBD derivatives for the veterinary treatment market, shows the lucrative growth for the pet CBD market. In some cases, pets suffering from cardiac disorders, like heart attacks and tachycardia are treated with CBD products, which is further fueling the growth of the market.
Considerations of Carrying CBD Pet Products
- Legal Considerations
While CBD pet products are legal in most areas, they are not legal in all. It’s important to research the laws in your area regarding CBD pet products and ensure that you are complying with all regulations. This can include obtaining any necessary licenses or permits and following labeling requirements.
- Quality Control
Not all CBD pet products are created equal. It’s important to ensure that the products you carry are of high quality and are safe for pets. This can involve researching the brands and manufacturers of CBD pet products, and making sure that they are reputable and have a history of producing quality products.
- Customer Education
Many customers may not be familiar with CBD pet products or may have misconceptions about them. It’s important to educate customers about the benefits and potential risks of CBD pet products, and provide guidance on how to properly use them. This can involve training staff on CBD pet products and providing informational materials to customers.
In conclusion, carrying CBD pet products in your retail can provide numerous benefits, such as meeting customer demand, enhancing your product line, and providing health benefits to pets. However, there are also considerations to keep in mind, such as legal regulations, quality control, and customer education. By carefully researching and evaluating CBD pet products, and providing proper education and guidance to customers, you can successfully incorporate CBD pet products into your pet business and provide a valuable service to your customers.
Retail capabilities are seamlessly integrated at no extra cost with your PawsAdmin pet software. Start selling CBD pet products today and expand your business.
Reference:
1 Mordor Intelligence Industry Reports
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