Report Overview:
The following report titled “Global Cannabidiol Market: By Application (Medicinal Use, Beauty, & Personal Care, Pets, Recreational), By Product Type (Edibles, Flower, Oil & Tinctures, Pills & Capsules, Topicals, Others) and other forecast 2024-2030” provides a comprehensive analysis of the market, focusing on key details such as market size, growth trends, determinants of growth, segments covered, and the role of leading players in the industry.
Global Cannabidiol Market Summary
The Global Cannabidiol (CBD) Market size was valued at around USD 22.7 billion in 2023 and is projected to grow at a CAGR of around 19.21% during the forecast period, i.e., 2024-30. The growing inclination of consumers toward natural and plant-based products is a primary factor propelling the growth of the Global Cannabidiol (CBD) Market. This trend is indicative of a larger movement in consumer behavior toward sustainable, healthier lifestyle options as well as a rising knowledge of the possible advantages of compounds derived from plants for well-being and health.
Report Coverage & Details
- Forecast Period: 2024-2030
- Base Year: 2023
- Market Size in 2023 : USD 22.7 Billion
- CAGR: 19.21%
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Cannabidiol Market Trend:
Functional CBD Products Gaining Traction – As customers look for focused solutions for a range of health and wellness issues, such as stress management, pain reduction, sleep support, immune support, and skincare, functional CBD products are becoming more and more popular. Products including substances like turmeric or ginger may target inflammation and pain treatment, while CBD-infused products with additional melatonin may be promoted to induce relaxation and improve sleep quality.
Segmentation Analysis: Cannabidiol Market
By Application
- Medicinal Use
- Beauty & Personal Care
- Pets
- Recreational
By Product Type
- Edibles
- Flower
- Oil & Tinctures
- Pills & Capsules
- Topicals
- Others (Vape, Spray, etc.)
By Distribution Channel
- Regulated Dispensary
- Stand-Alone Retailers
- Department/Super Stores
- Online Portals
By Region
- North America
- South America
- Europe
- Asia Pacific
- Rest of the World
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Region: North America Holds a Major Market Share
Among them, In terms of market size, revenue generation, product diversity, consumer adoption, etc., North America holds the largest share of the Global CBD Market.
Leading Players Analysis: Cannabidiol Market
The report provides detailed analysis of key players in the global Cannabidiol market, highlighting their strategies and competitive scenario.
- Aurora Cannabis Inc
- CV Sciences
- Endoca
- Cannabidiol (CBD) American Shaman
- Bluebird Botanicals
- Isodiol International
- Medical Marijuana Inc
- Elixinol
- Hemp Inc
- Canopy Growth Corporation
- Others
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- Identifying Investment Opportunities: Through trend analysis and industry insights, stakeholders can identify attractive investment opportunities and stay ahead in the market for better ROI.
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