Recently, Petsmart, the largest pet chain in the United States, launched Mary's tails brand CBD pet products, according to the news agency. Mary's tails became the first CBD pet brand to enter the chain.
Mary's tails CBD products will be sold in 122 Petsmart stores in Colorado, Oregon, Indiana, Kentucky and Tennessee, and will expand to other Petsmart stores in the United States this summer.
Petsmart is the world's largest comprehensive pet products and services chain, operating more than 1500 retail and offline service stores in the United States, Canada, Puerto Rico and other places.
Mary's Tails's CBD products enter the PetSmart store, which is the same as the Lord Jones's CBD emulsion online Sephora (October 2018), which represents the acceptance of CBD products by mainstream consumer channels.
CBD (cannabinoids) is one of the cannabinoids in cannabis plants. It has no hallucinogenic and addictive properties of THC. It can also be extracted from industrial cannabis (hemp). At the end of 2017, who issued a report that "no adverse factors have been found in CBD, and naturally generated CBD, whether used in humans or animals, is safe and will not have a negative impact on public health."
By the end of 2018, after the United States legalized the industrial marijuana, CBD ingredients had an impact on cosmetics, food, beverage, medicine, pet food, e-cigarettes and other fields, and were soon accepted by these fields.
"Petsmart builds a world-class pet product shopping experience through product exhibition, product selection and service," Tim Milano, Petsmart's vice president of product sales, said in a statement. We evaluated a lot of CBD pet brands and finally chose Mary's tails as the first CBD brand to be launched. "
Luke Mullins, vice president of pet sales at Mary's brands, said: "the partnership with Petsmart will make it easier for pet parents to purchase full-spectrum CBD hemp extract and realize the benefits CBD brings to pet health."
According to a report of new frontier data in 2019, CBD pet products market is the fastest growing category in CBD industry. In 2017, the total sales volume of CBD pet products in the United States reached 13 million US dollars, and it is expected to reach 125 million US dollars by 2022, with a five-year compound growth rate of 57%, with rapid development.
In 2019, remedy rebiew investigated 1020 pet owners in the United States, and found that 30% of pet owners had used CBD products for their pets. The reasons for their use were joint pain, anxiety relief, and inflammation pain improvement. 94% of them are satisfied with the effect of CBD oil on pet health.
CBD is used in the field of pets, mainly focusing on "functional food" and "pet medicine". Pet food containing CBD, such as biscuits, dried meat, cans, etc., can be used to improve pet anxiety, inflammation, pain, etc.; research shows that CBD has the potential to treat pet epilepsy, depression, osteoarthritis, eye diseases, and even some specific cancers, which can be used to develop CBD pet medicine.
Mary's tails launched six CBD pet products in Petsmart this time, including bacon tincture containing 300mg CBD (used to relieve mood and improve health), daub containing 50mg CBD (used to improve health), ointment containing 75mg CBD (used to improve claws and dry nose), etc.
According to the latest data of AppA, 67% of households in the United States have pets in 2019, and the United States spent 95.7 billion US dollars on pets, which is expected to reach 99 billion US dollars in 2020, including 38.4 billion US dollars for pet food and snacks.
Frost & Sullivan's monitoring data on the global pet market shows that in 2018, the number of pet households in China increased from 69.34 million in 2013 to 99.78 million, a year-on-year increase of 43.9% in five years, and the proportion of pet households per 10000 in China also increased from 16% in 2013 to 22%.
The monitoring data also shows that in 2018, the market size of China's pet industry reached 172.2 billion yuan, more than three times the market size of 49.4 billion yuan in 2013. It is estimated that by 2023, the market size of China's pet industry will reach 473.2 billion yuan. In the pet segment, food and medical care account for the largest proportion.
If CBD can participate in China's pet market, the future will be unlimited!