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CBD Explosion Drives Rapid Growth in Pet Supplements Market

39% of dog owners and 34% of cat owners say they like the idea of CBD supplements for their pets.

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ROCKVILLE, MD — From notable market growth to the expanding presence of CBD (cannabidiol) products, these are “exciting and innovative times” for the pet supplements industry, according to market research firm Packaged Facts.

In the new report Pet Supplements in the U.S., 7th Edition, Packaged Facts notes that pet supplements have rebounded from the sluggish annual increases following the Great Recession. Pet supplement sales growth has increased steadily since 2014. The strongest year of the current five-year period, 2018, registered 5% growth in U.S. retail sales driven by factors including the improved economy, the overall pet market’s focus on health and wellness, and the impact of pet owners who view their pets as family members.

At the same time, growth in the segment likely hinges on greater acceptance of the expanding array of CBD pet supplement products. The explosion of CBD onto the market has had a “halo effect,” spawning a burgeoning new product segment and putting a spotlight on the market as a whole that is expected to last for years.

“Through the years, the pet supplements market has benefited from the popularization and cross-over of various ingredients from the human side, such as glucosamine and omega fatty acids,” said David Sprinkle, research director for Packaged Facts.

“Looking back, however, it’s hard to recall anything making more of a splash in both human and pet supplements than CBD.”

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Even with regulatory issues yet to be settled, Packaged Facts consumer survey data show that among pet owners, 39% of dog owners and 34% of cat owners agree that they like the idea of CBD supplements for their pets.

Additionally, 29% of dog and cat owners agree that they would be interested in purchasing CBD supplements for their pets if they were legal.

Since launching in 2017, PETS+ has won 11 major international journalism awards for its publication and website. Contact PETS+'s editors at editor@petsplusmag.com.

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Pizzeria Helps Reunite Missing Pets With Owners

The effort is a hit with patrons.

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Angelo’s Pizza in Matawan, NJ, has launched an effort to get missing pets back with their owners.

It’s putting missing-pets posters on its pizza boxes, the New York Post reports.

The restaurant recently posted on Facebook: “Anyone in the Matawan/Aberdeen area who has a missing pet can drop off flyers for us to place on all your pizza boxes. No charge.”

In a later post, the restaurant wrote: “Thank you for your support and responses from all of you! This initiative has been very very successful and has raised a lot of awareness for missing pets. Thank you everyone! Let’s all keep helping pets be reunited with their families!”

The initiative has been popular with customers. One commented on the restaurant’s Facebook page: “It’s wonderful when businesses care about animals and their patrons.”

Read more at the New York Post

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25 Cities Honored for Pet-Friendliness

The certification was created by Mars Petcare and experts from the Civic Design Center.

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FRANKLIN, TN — Twenty-five cities throughout North America have landed on the inaugural list of Better City for Pets certified cities.

The certification “honors the work that has been done to create a friendly environment for two- and four-legged citizens and the commitment from each of these cities to continue improving their pet-friendly programs and policies,” according to a press release from Mars Petcare.

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Mars Petcare and experts from the Civic Design Center created the certification as an extension of the Mars Petcare Better Cities for Pets program. The program works with local governments, businesses and non-profits to provide resources, tools and grants that help communities make pets more welcome.

“On behalf of Mars Petcare, I want to thank and congratulate the 25 cities that have prioritized people and pets in their communities,” said Mark Johnson, president of Mars Petcare North America. “From helping people live healthier lives to creating social connections, pets can truly transform our communities. These certified cities are helping to make a more pet-friendly world and we hope that many more cities will join us in this commitment.”

The following cities share the honor of being the first to achieve the Better City for Pets certification:

  • Bloomington, IN
  • Nashville, TN
  • Calumet City, IL
  • Oakland, CA
  • Cleveland, OH
  • Plano, TX
  • Dallas, TX
  • Port St. Lucie, FL
  • Fort Wayne, IN
  • Reno, NV
  • Franklin, TN
  • Rochester, MI
  • Hallandale Beach, FL
  • Royalton, MN
  • Henderson, NN
  • Santa Clarita, CA
  • Laguna Niguel, CA
  • Southport, NC
  • Meaford, Ontario
  • St. Petersburg, FL
  • Memphis, TN
  • Topeka, KS
  • Miami Lakes, FL
  • Tucson, AZ
  • Miami, FL

Through an online assessment at BetterCitiesForPets.com, participating cities were asked to share data on existing and future pet-friendly features within three sections: city profile, survey and priorities. Cities were then evaluated based on 12 traits of pet-friendly cities across the areas of businesses, parks, shelters and homes. Cities that met the certification criteria and committed to continuing their progress in creating a welcoming community for people and pets received the Better City for Pets certification. All cities that completed the assessment received a personalized report outlining their strengths and areas of opportunity, along with resources and tools from the Better Cities for Pets program to help them on their pet-friendly journey.

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Here Are the Most (and Least) Expensive Cities to Own a Pet

6 of the most expensive cities to own a pet are in California.

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GOBankingRates has released rankings of the “most and least expensive cities in the U.S. to own a cat or dog.”

The top-10 lists are based on the cost of pet day care, pet insurance and overall cost of living. (To compile its ranking, GOBankingRates evaluated the 50 largest cities in the U.S.)

The most expensive city to own a pet, according to GOBankingRates, is San Jose, CA. The city has an average cost of pet day care of $40 and average insurance cost per month of $42.

San Francisco is the second most expensive city, with an average cost of pet day care of $36 and average insurance cost per month of $42.

In fact, the study suggests that six of the most expensive cities to own a pet are in California.

Out of the 50 cities, the city named “least expensive” to own a pet is Indianapolis, where the average cost of pet day care is $19, the average insurance cost per month is $31.50 and the general cost of living is comparatively low, according to the ranking.

Wichita is second on the “least expensive list,” with an average cost of pet day care of $22.67, an average insurance cost per month of $29.50 and a low overall cost of living.

Read more at GOBanking Rates

 

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