Market Overview
The CBD (Cannabidiol) Market is expected to grow at a CAGR of 125.58% and reach a valuation of USD 2,207,162 Million during the forecast period. The market value was recorded at USD 3,088.51 Million during the historic forecast period. Cannabidiol is the most frequently utilized of all the cannabinoids due to its lack of intoxicating effects. The said market product is used to treat a variety of ailments. Cannabidiol oil has a variety of medical applications, including anxiety, depression, stress, diabetes, pain, cancer symptoms, and inflammation.
The global market for CBD oil is expected to increase significantly due to the widespread use of CBD for medical purposes. Buyers are increasingly interested in CBD products, regardless of price, because of their therapeutic benefits and growing awareness and popularity. Commercial merchants are also investing more in it due to the high-profit margins. CVS Health, Rite Aid, Walgreens Boots Alliance, and other wellness and health merchants are recommending and selling CBD oil-based products.
Market Segmentation
Based on the Form, the global CBD (Cannabidiol) Market has been segmented into Solid and Liquid.
Based on the Routes of Administration, the global CBD (Cannabidiol) Market has been segmented into Tincture, Capsules, Aerosol spray, and Inhalation (smoke or vapor).
Based on the Product, the global CBD (Cannabidiol) Market has been segmented into Food grade and Therapeutic grade.
Based on the Application, the global CBD (Cannabidiol) Market has been segmented into Neurogenerative Disorder, Fibromyalgia, Diabetes, Protein bars, and Energy drinks.
Based on the End-user, the global CBD (Cannabidiol) Market has been segmented into Healthcare and Food & beverage.
Based on the Source, the global CBD (Cannabidiol) Market has been segmented into Organic and Inorganic.
Based on the Region, the global CBD (Cannabidiol) Market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
Regional Classification
The Americas are the dominant region of the global cbds stock predictions due to the increasing use of cannabis-based goods. According to a WHO report, 2.5 percent of the world's population, or around 147 million individuals, use marijuana and cannabis-related products. Furthermore, Americans aged 12 and up to make up 22.2 million of the overall number of persons who use cannabis-based products. Diverse market participants are creating various opportunities and development possibilities.
Europe holds the second-largest share of the CBD regional market. The usage of CBD has been made legal throughout Europe. Many European agencies, including the Ministry of Agriculture, the Bulgarian Food Safety Agency, and the Ministry of Agriculture, have given CBD products a free certificate of sale. Legalization and acceptance from such prestigious authorities are propelling the European market forward. Although it is legal in Europe, it is subject to various favorable regulations in the region. Furthermore, different European countries have varying cannabis legislation.
Industry News
The major key players in the CBD (Cannabidiol) Market are Aphria Inc., Folium Biosciences, The Florida Green Roads, LLC, Freedom Leaf, Inc., CBD Health Solutions, LLC, Isodiol International Inc., CV Sciences, Inc., ENDOCA, Medical Marijuana, Inc., Canopy Growth Corporation, and Elixinol Global Limited.
CBD Oil Market Competitive Landscape:
phria Inc. (Canada)
Folium Biosciences (US)
Freedom Leaf, Inc. (US)
Green Roads of Florida, LLC (US)
Charlotte's Web Holdings, Inc. (US)
ENDOCA (Netherlands), CBD American Shaman (US)
CV Sciences, Inc. (US)
Medical Marijuana, Inc. (US)
Canopy Growth Corporation (US)
Aurora Cannabis (US)
MedMen Enterprises Inc. (US)
Curaleaf Holdings, Inc. (US)
Kazmira LLC (US)
HempLife Today (US)
Pharmahemp (Slovenia)
Whistler Medical Marijuana Corporation (Canada)
Absolute Terps (US)
NuLeaf Naturals (US)
Emblem Cannabis (Canada)
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