The latest published report by Polaris Market Research The report “CBD Nutraceuticals Market Share, Size, Trends, Industry Analysis Report, By Product (CBD Capsules, CBD Tinctures, Others); By Distribution Channel (Offline, Online); By Regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa); Segment Forecast, 2021 – 2028” covers an exhaustive list of market tables and figures, thus providing in-depth analytical data for segments across different regions.
Market Analysis:
The global CBD nutraceuticals market size was valued at USD 5.16 billion in 2020 and is expected to reach USD 19.25 billion by 2028 to grow at a CAGR of 18.2% during the forecast period [2021 – 2028]. The demand for CBD nutraceuticals is expected to increase during the forecast period owing to increasing obesity and related disorders, growing health consciousness, and greater awareness regarding benefits associated with cannabidiol nutraceuticals. The legalization of the U.S. Farm Bill in late 2018 leading to the commercialization of hemp-derived products, increasing disposable income of consumers, and growing shift towards health and wellness products has significantly increased the demand for cannabidiol nutraceuticals.
Request A Sample Report at : https://www.polarismarketresearch.com/industry-analysis/cbd-nutraceuticals-market/request-for-sample
Competitive Insight:
The increasing geriatric population coupled with rising awareness regarding the benefits of CBD nutraceuticals fuels the growth in this region. Leading global players are expanding their presence in developing nations of China, Japan, India, and South Korea to tap the growth opportunities offered by these countries.
Owing to technological advancements, and the greater need to cater to customer requirements, companies are collaborating to strengthen the market presence and gain market share. Broadening of the product portfolio is another trend that is visible in the industry. Some of the major market participants include Foria Wellness, CV Sciences, Inc., Green Roads, Charlotte’s Web, Isodiol, Garden of Life LLC, Diamond CBD, MGC Pharma, Elixinol, Medterra CBD, Endoca BV, Medical Marijuana, Inc., Aphria Inc., and Irwin Naturals.
Market Insight:
In March 2018, MGC Pharma expanded its product portfolio through the introduction of cannabis and hemp-enhanced nutraceutical products. The company launched several vegan products including supplements and food-grade products under its new line, MGC Nutraceuticals. Its new offerings include capsules, water-soluble cannabinoids, and ready-to-drink products containing high-grade phytocannabinoids aimed at reducing stress, boosting immunity, and maintaining muscle and bone structure. This product launch enables the company to tap growing opportunities in the dietary supplement and cannabidiol nutraceuticals market.
To get Incredible Discounts on this Premium Report, Click At : https://www.polarismarketresearch.com/industry-analysis/cbd-nutraceuticals-market/request-for-discount-pricing
On the basis of product, the market is segmented into CBD capsules, CBD tinctures, and others. The tinctures segment accounted for a major share in 2019. Health benefits associated with the tinctures, increasing health consciousness among users, and shifting trend towards diet and nutritious food products boosts the growth of this segment.
Cannabidiol tinctures are increasingly being used for pain relief, insomnia, muscle spasms, nervous system degradation, and anxiety, among others. Governments across the globe are gradually introducing regulations supporting the growth of cannabidiol nutraceuticals. The different distribution channels covered in the report include offline sales channels and online sales channels. The offline sales channel accounted for a major market share of the global CBD nutraceuticals industry. Rapid urbanization, increasing penetration of retail stores, and growing awareness towards health have driven the overall growth of this distribution channel.
Regional Insight:
North America is estimated to witness an exponential growth rate with the largest revenue share over the forecast period. Growing awareness about the health benefits offered by CBD-based nutraceuticals owing to increasing legalized cultivation of hemp and the presence of leading players in the region helping the market to grow at a rapid rate. In the regional market of Europe, the increasing number of health-conscious consumers, availability of well-established healthcare infrastructure, and rise in funding for R&D activities are driving significant growth.
Have Any Query Or Specific Requirement? Feel Free To Ask Our Industry Experts At: https://www.polarismarketresearch.com/industry-analysis/cbd-nutraceuticals-market/speak-to-analyst
Polaris Market Research has segmented the CBD nutraceuticals market report on the basis of product, distribution channel, and region:
CBD Nutraceuticals Product Outlook (Revenue, USD Million, 2016 – 2028)
- CBD Capsules
- CBD Tinctures
- Others
CBD Nutraceuticals Distribution Channel Outlook (Revenue, USD Million, 2016 – 2028)
- Offline Sales Channel
- Online Sales Channel
CBD Nutraceuticals Regional Outlook (Revenue, USD Million, 2016 – 2028)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Netherlands
- Austria
- Asia Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Indonesia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- Saudi Arabia
- South Africa
- Israel
- UAE
Leading Company Profiles Of Cbd Nutraceuticals Industry
- Foria Wellness
- CV Sciences, Inc.
- Green Roads
- Charlotte’s Web
- Garden of Life LLC
- Diamond CBD
- MGC Pharma
- Elixinol
- Medterra CBD
- Isodiol
- Endoca BV
- Medical Marijuana, Inc.
- Irwin Naturals
- Aphria Inc
*Note: Additional companies can be included on request
Find more research reports on Healthcare Industry by PMR
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavour to deliver value-added business solutions to our customers.
Contact Us:
Polaris Market Research
Phone: 1-646-568-9980
