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                  • Algeria

                    Algeria faces hurdles in sourcing milk from Uganda – Pulse Uganda

                    Algeria Embarks on a New Era of Technological Sovereignty: Inauguration of the First National Electronic Chip Laboratory – دزاير توب

                    Algeria Expelled Record of 31,404 Migrants to Niger in 2024 Amid Global Uproar – Morocco World News

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                    Strained Relations: France and Algeria’s Diplomatic Woes – Qhubo

                    Algeria Cuts Taxes, Introduces Exemptions to Spur Digital Innovation – We Are Tech

                  • Egypt

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                    Rambo’s Story: A Window into Animal Dignity and Suffering in Egypt – Egyptian Streets

                    Swiss logistics giant MEDLOG to build new state-of-the-art dry port in Egypt – Economy – Business – Ahram Online

                    Explainer: Towards a cashless future! Exploring e-wallets in Egypt – Tech – Business – Ahram Online

                    Egypt’s net foreign assets decline by $3.25bn in November – Gulf Business

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                  • Libya

                    Libya Exhibition for Energy, Electricity and Lighting Technologies – The Libya Observer

                    Libya has around 124,000 Point of Sales machines – needs 200 to 250,000 to solve its liquidity problem: Former senior banker – Libya Herald

                    Libya's oil ambitions face Russian threat amid production boost – MSN

                    Russia is shifting military gear from Syria to Libya after the fall of Assad, Ukraine says – Business Insider

                    France’s Alpha-Cim and FB Technology‎ make a presentation to the Airports Authority – Libya Herald

                    Libyan Foreign Bank announces preliminary 2024 Year-End Results showing US$ 440 million net profits – change of CEO – Libya Herald

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                    • Morocco

                      We work remotely, so we moved from the US to Morocco. We plan to stay for years. – Business Insider

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                      Morocco Jails Activist Over Earthquake Response Remarks – News Central

                      Blockchain Technology Providers: Catalysts for Supply Chain Innovation in Emerging Markets – Morocco World News

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                      Moroccan Treasury Raises 700 Million USD in Strong January 2025 Auction – Morocco World News

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                      • South Sudan

                        Royal Palace Hotel rooftop solar, South Sudan – ESI-Africa.com

                        Sudan Lifts Force Majeure on South Sudan's Oil Exports – MarketWatch

                        Turkish aid agency TIKA delivers food aid to 250 children at South Sudan orphanage – Türkiye Today

                        Sudan drops out of hunger-monitor system on eve of famine report – Arab News

                        China donates nearly 1,000 tonnes of emergency food to support vulnerable people in South Sudan – China.org.cn

                        Arab League hopes for immediate halt to fighting in Sudan – China.org.cn

                        Trending Tags

                        • Sudan

                          French military tech found in Sudan, likely violating U.N. arms embargo – Sudan Tribune

                          Sudan – Manufacturing, Textiles, Oil – Britannica

                          South Sudan to Resume Oil Production Following Year-long Halt – Africa.com

                          South Sudan under pressure to disclose oil production deals – The East African

                          French military technology used in Sudan war despite UN arms embargo: Amnesty – News.Az

                          KUNA : Sudan's banknote replacement triggers off economic challenges – Economics – 06/01/2025 – Kuwait News Agency

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                          • Tunisia

                            China's Huawei supports Tunisia's smart education – People's Daily

                            List of Banks in Tunisia – Global Banking And Finance Review

                            Tunisia's ODC tenders for 75,000 tonnes of feed barley for Feb-Mar – AgriCensus

                            Tunisia: 2nd mission to Senegal’s construction and infrastructure fair SENCON – African Manager EN

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                            • North Africa
                              تدخل GOMUNOINAKI CO., LTD. اليابانية أسواق الشرق الأوسط وأفريقيا بعلامة “feminak” وتشارك في Africa Health ExCon 2025

                              تدخل GOMUNOINAKI CO., LTD. اليابانية أسواق الشرق الأوسط وأفريقيا بعلامة “feminak” وتشارك في Africa Health ExCon 2025

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                              As Part of the “AfriSummit 2024” Activities A High-Level Meeting between Uganda and Egypt to Strengthen Pharmaceutical Cooperation and Expand the African Market

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                              ضمن فعاليات “قمة إفريقيا للشؤون التنظيمية 2024” اجتماع رفيع بين أوغندا ومصر لتعزيز التعاون الدوائي وتوسيع السوق الإفريقية

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                              خلال قمّة إفريقيا للشؤون التنظيمية 2024 الهيئات الصحيّة وقادة الصناعة يبحثون أهمّ اللوائح والابتكارات في القطاع الصيدلاني

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                                عرض حصري من شركة XM للاحتفال بمرور 15 عامًا من الإنجازات!

                                عرض حصري من شركة XM للاحتفال بمرور 15 عامًا من الإنجازات!

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                                تقرير استقصائي يلقي ضوءاً جديداً على الأموال الكويتية في قضية صندوق الجيش

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                                  CBD Pet Market Size Estimated to Reach $285.6 Million by 2026

                                  admin by admin
                                  January 28, 2022
                                  in Press Releases
                                  Phototherapy Equipment Market Size Forecast to Reach $1.2 Billion by 2026
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                                  (EMAILWIRE.COM, January 28, 2022 ) CBD Pet Market size is estimated to reach $285.6 million by 2026, growing at a CAGR of 40.6% during the forecast period 2021-2026. Cannabidiol (CBD) is the second most prevalent of the active ingredients of marijuana. CBD pet products are increasingly being adopted across the world owing to the rise in health consciousness among pet owners and the growing number of diseases in pets. The rise in the adoption of medium chain triglycerides oil in CBT products for wellness, increase in the demand for CBD products for treating deficiencies in the endocannabinoid system, rise in the demand for tetrahydrocannabinol drugs in the form of treats, and the growing investment by the key players to develop healthier CBD products are the factors that are set to drive the growth of the CBD Pet Market for the period 2021-2026.

                                  CBD Pet Market Segment Analysis – By Product Type

                                  The CBD Pet Market based on the Product Type can be further segmented into Oil Tincture, Capsules, Treats, Topical, and Others. The Treats segment held the largest share owing to the factors such as the rise in the demand for tetrahydrocannabinol drugs in the form of treats and the increase in the adoption of CBD for treating deficiencies in the endocannabinoid system. The growing demand for CBD among pet owners in developed nations is driving the growth of the CBD Pet Market. The Oil Tincture segment is estimated to be the fastest-growing segment with a CAGR of 41.2% over the period 2021-2026. This growth is owing to the factors such as the growing adoption of medium chain triglycerides oil in CBT products and the increase in awareness about the benefits of oil tincture.

                                  CBD Pet Market Segment Analysis – By Application

                                  The CBD Pet Market based on the Application can be further segmented into Epilepsy, Joint Pain, General Health & Wellness, Anxiety/Stress, and Others. The General Health & Wellness segment held the largest share in 2020 owing to the factors such as the rise in the pet healthcare expenditure owing to the growing concern among pet owners and the increase in the adoption of medium chain triglycerides oil in CBT products for wellness. The growing demand for advanced CBT products for health and wellness is driving the growth of the CBD Pet Market. The Joint Pain segment is estimated to be the fastest-growing segment with a CAGR of 41.4% over the period 2021-2026. This growth is owing to the factors such as the growing demand for tetrahydrocannabinol drugs for treating joint pains and the rise in research and development activities for developing specific CBT products for treating joint pains.

                                  Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=19491

                                  Report Price: $ 4500 (Single User License)

                                  CBD Pet Market Segment Analysis – By Geography

                                  North America held the largest share with 30% of the overall market in 2020. The growth in this segment is owing to the factors such as the increase in the adoption of medium chain triglycerides oil in CBT products for wellness and the increase in product launches by the key players. The rise in the demand for tetrahydrocannabinol drugs for treating joint pains is driving the growth of the CBD Pet Market. Asia-Pacific segment is estimated to be the fastest-growing segment over the period 2021-2026. The growth in this segment is owing to the factors such as the increase in the demand for CBD products for treating deficiencies in the endocannabinoid system, the rise in the adoption of tetrahydrocannabinol drugs in the form of treats, and the growing investment by the key players to develop advanced CBD pet products.

                                  CBD Pet Market Drivers

                                  Increase in the Adoption of Tetrahydrocannabinol Drugs

                                  Tetrahydrocannabinol Drugs and CBD products are extensively being adopted for pets owing to the growing awareness about their potential in treating various diseases, such as chronic pain, arthritis, and sleep disorders. The key players across the world are focusing on developing Tetrahydrocannabinol drugs and CBD products for treating joint pains, which is one of the major factors driving the growth of the CBD Pet Market.

                                  Rise in CBB Research and Development Activities for Pets

                                  The rise in health consciousness among pet owners owing to the growing number of diseases in pets has propelled the demand for healthier products for pets. Moreover, manufacturers are launching medium chain triglycerides oil for CBT products, which is further propelling the growth of the CBD Pet Market.

                                  Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=19491

                                  CBD Pet Market Challenges

                                  Side Effects owing to High Dosage

                                  The key players in the market are increasing their investment to carry out various research and development activities for developing CBD that treats deficiencies in the endocannabinoid system. However, High doses of CBB adversely affect the liver and results in elevated enzymes, such as alkaline phosphatase, which is one of the major factors that is estimated to reduce the growth of the CBD Pet Market.

                                  CBD Pet Market Competitive Landscape:

                                  Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the CBD Pet Market. Key companies of this market are Veritas Farms, Canopy Growth Corporation, Honest Paws, Joy Organics, CBD Living, HolistaPet, PETstock, FOMO Bones, Pet Releaf, and Petco among others.

                                  Partnerships/Product Launches:

                                  In July 2020, Canopy Growth Corporation has launched SurityPro™ backed CBD products for supporting joint health and flexibility, calm behavior, healthy aging, and overall physical well-being in dogs.

                                  In January 2020, Veritas Farms has launched CBD supplements that are designed specifically for the pet industry. These CBD supplements are made with organic ingredients to attract pet owners who are looking for organic products.

                                  In December 2019, Honest Paws has entered into a partnership with American Manufacturing and Distribution Company to enhance their CBD pet through their B2B and direct-to-consumer partnerships.

                                  Key Takeaways

                                  Geographically, the North America CBD Pet Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the rise in the adoption of medium chain triglycerides oil in CBT products for wellness.

                                  The increase in the demand for CBD products for treating deficiencies in the endocannabinoid system is driving the Treats segment. However, High doses of CBB adversely affect the liver and results in elevated enzymes, such as alkaline phosphatase, which is one of the major factors that are said to reduce the growth of the CBD Pet Market.

                                  Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the CBD Pet Market report.

                                  Related Reports

                                  A. Hemp CBD Market

                                  https://www.industryarc.com/Report/19545/hemp-cbd-market.html

                                  B. Animal Healthcare Market

                                  https://www.industryarc.com/Research/Animal-Healthcare-Market-Research-504317

                                  For more Lifesciences and Healthcare Market reports, please click here

                                  About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.



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