Global CBD Market Overview and Analysis By Form (Solid (CBD wax, CBD crystals) and Liquid (e-liquid, Cream, Tincture, CBD oil)), Application (Neurogenerative Disorder, Fibromyalgia, Diabetes, Protein Bars, Energy Drinks), End User, Source, Size, Share, and Emerging Trends Forecast To 2030
The cannabidiol market size was valued USD 9.1 billion in 2021 and is expected to reach USD 59.3 Billion by 2030 at 18.2% CAGR during the forecast period 2022-2030. CBD or cannabidiol, simply put, is a chemical compound from cannabis plants. This is a substance that is naturally occurring and used in edibles and oils to impart the feeling of calm and relaxation. It is non-psychoactive, thus does not possess a strong effect on the brain as well as will not cause the high related to marijuana. CBD has vital therapeutic benefits such as seizure suppressant properties, anti-anxiety, analgesic, and anti-inflammatory properties. It comes in different forms, including edibles, oils and tinctures, pills and capsules, topicals, and vaping.
Various factors are propelling the CBD market growth. These factors, in accordance with the MRFR report, include the adoption of numerous cannabis products, growing consumers investing on cannabis products, growing use in medical application, increasing investments in research and development, and rapid technological advancements. Moreover, CBD products have numerous benefits such as protection from Alzheimer’s, treat mental health disorders and epilepsy, and contains anti-inflammatory properties. Besides, CBD is also recommended in cancer cases and drug withdrawal.
On the contrary, stringent regulations concerning the use of CBD may restrict the CBD market growth over the forecast period.
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CBD Market Key Players
Leading players profiled in the cannabidiol market report include Elixinol Global Limited, Canopy Growth Corporation, Medical Marijuana, Inc., CV Sciences, Inc, Isodiol International Inc, ENDOCA, CBD Health Solutions, LLC, Green Roads of Florida, LLC, Freedom Leaf, Inc, Folium Biosciences, and Aphria Inc. Key players have adopted different strategies for maintaining their presence in the market such as partnership, collaborations, joint venture, recent developments, mergers and acquisitions, and product innovations.
CBD Market Segmentation:
The MRFR report provides a complete segmental analysis of the CBD market report on the basis of source, end user, application, route of administration, and form.
Based on form, the CBD market is segmented into liquid and solid. The solid segment is further segmented into softgel/capsule, hash, CBD wax, CBD crystals, and other. The liquid segment is further segmented into e-liquid, cream, tincture, CBD oil, and others.
Based on product, the CBD market is segmented into therapeutic grade, food-grade, and others. Of these, the therapeutic grade will have the largest share in the market over the forecast period.
Based on application, the CBD market is segmented into protein bars, energy drinks, diabetes, fibromyalgia, neurogenerative disorder, and others. Of these, the fibromyalgia segment will dominate the market over the forecast period.
Based on end user, the CBD market is segmented into food and beverage, healthcare, and others.
Based on source, the CBD market is segmented into organic and inorganic.
Cannabidiol Market Regional Analysis:
By region, the CBD market report covers the latest trends and growth opportunities across Latin America, North America, Europe, the Asia Pacific, and the Middle East and Africa. Of these, North America will dominate the market over the forecast period. This is on account of the rising consumption of cannabis-based products. The availability of cannabis-based products online is also boosting the market growth. Moreover, its increasing legalization for recreational and medical purposes, growing awareness about the benefits of taking cannabis, and the presence of leading cannabis giants are adding to the growth of the market.
The CBD market in the APAC region is predicted to have a notable growth over the forecast period owing to the economic conditions in the region that is driving the market to new heights.
The CBD market in Europe will grow at the fastest pace over the forecast period owing to the changing legislative framework.
The CBD market in the Middle East and Africa is predicted to have a steady growth over the forecast period.
Cannabidiol Industry Updates:
September 2019: Nextleaf Solutions has been granted US patent for CBD oil and THC processing. The patented process of the company yields odorless, tasteless CBD or THC distillate, made at scale, standardized for potency as well as ready for infusion in various value-added products including beverages, edible oils, and vape technology.
Browse the market data and information spread across 104 pages with 157 data tables and 16 figures of the report “CBD Market Research Report – Global Forecast till 2026” in depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/cbd-market-8090
Table Of Content
- Report Prologue
- Executive Summary
- Market Introduction
- Research Methodology
- Market Factor Analysis
- CBD By Type
- CBD By Routes of Administration
- CBD By Product
- CBD By Application
- CBD By End User
- CBD By Source
- CBD By Region
- Competitive Landscape
- Company Profiles
- List of Tables
- List of Figures
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