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Cannabidiol (CBD) Market Worth USD 59.3 Billion by 2030 at 18.2% CAGR | MRFR

March 16th, 2023 Market Research Future Releases

Cannabidiol (CBD) Market Trends, Growth and Size Analysis By Form (Solid and Liquid), Route of Administration (Tincture, Capsules, Inhalation (Smoke or Vapor), Aerosol Spray), Product (Food Grade and Therapeutic Grade), Application (Neurogenerative Disorder, Fibromyalgia, Diabetes, Protein Bars, Energy Drinks), End User (Food & Beverage, Healthcare), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030.

Cannabidiol market size was valued at USD 15.6 billion in 2021 and is projected to grow from USD 18.43 Billion in 2022 to USD 59.43 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 18.2% during the forecast period (2022 – 2030). The rising occurrence of chronic diseases and related complications and the legalization of CBD in various regions are the key market drivers enhancing the market growth. The cannabidiol (CBD) market refers to the commercial and financial aspect of the production, distribution, and sale of products containing cannabidiol. CBD is a chemical compound found in the cannabis plant that has been touted for its potential therapeutic benefits.

The CBD market now includes a wide range of products such as oils, tinctures, edibles, topicals, and more. These products are marketed for a variety of purposes including reducing anxiety and stress, improving sleep, and relieving pain and inflammation.

Get Free Sample PDF Brochure @  https://www.marketresearchfuture.com/sample_request/8090

The COVID-19 pandemic has had a significant impact on the cannabidiol (CBD) market. In general, the pandemic has caused a slowdown in the global economy, with many businesses closing or struggling due to lockdowns and other restrictions.

The demand for CBD products has increased as people look for natural ways to manage stress, anxiety, and other health issues caused by the pandemic. The increased interest in CBD has led to an increase in sales, particularly for products such as tinctures and edibles, which can be easily purchased online.

Key Players

Some of the key market players are:

  • Folium Biosciences
  • Aphria Inc.
  • Green Roads of Florida
  • Freedom Leaf Inc
  • Elixinol Global Limited
  • LLC CBD Health Solutions
  • CV Sciences
  • Isodiol International Inc
  • Canopy Growth Corporation
  • Medical Marijuana Inc.

Market Segmentation

The cannabidiol market has been segmented into type, application and end-user.

Based on the type, the market has been segmented into Tincture, Capsules, Aerosol spray and Inhalation.

Based on the application, the market has been segmented into Neurogenerative Disorder, Fibromyalgia, Diabetes, Protein bars and Energy drinks

Based on the end-user, the market has been segmented into Healthcare and Food and beverage.

Browse In-depth Market Research Report (104 Pages) on Cannabidiol (CBD):  https://www.marketresearchfuture.com/reports/cbd-market-8090

Regional Analysis

The largest region for the cannabidiol (CBD) market is currently North America, particularly the United States. The US has the largest market for CBD products, driven by the legalization of marijuana in several states and the growing popularity of CBD as a health and wellness product.

The US CBD market has experienced significant growth, driven by increased consumer interest in the potential benefits of CBD and the growing number of products available.

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Medical marijuana market Research Report Information By Product Type (Solid and Gas & Dissolvable/Powders), By Application (Alzheimer’s Disease, Cancer, and Schizophrenia & Multiple Sclerosis), By Distribution Channel (Retail & Pharmacy Stores and Online Platforms), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030.

CBD Oil Market Information By Product Type (Natural and Blended), By Price Point (Premium and Medium), By Application (Cosmetic, Industrial, Pharmaceuticals, and Food & Beverages), By Distribution Channel (B2B and B2C), and By Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2027

CBD Hemp Oil Market Research Report Information By Source (hemp and marijuana), By distribution channel (B2B, B2C, hospital pharmacies, online, retail Stores), By end-user (medical, chronic pain, mental disorders, cancer), By personal use (wellness, pharmaceuticals, food & beverages, personal care & Cosmetics and nutraceuticals), and By region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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