According to a new market research report published by Global Insight Services “Cannabidiol Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Cannabidiol (CBD) is a chemical component found in marijuana and hemp plants that is widely used in medicine. Pain, anxiety, muscle dysfunction (dystonia), Crohn’s disease, Parkinson’s disease, and a variety of other medical diseases are all treated with cannabidiol (CBD). As a result, cannabidiol is becoming increasingly popular in different parts of the world.
There has been an upsurge in demand as people become more aware of the health benefits of cannabidiol. The market’s rise has been aided by increased research and development activities as well as increased production.
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Key Players:
- Cronos Group
- Aurora Cannabis
- Folium Biosciences
- Tilray
- NuLeaf Naturals, LLC
- Isodiol International, Inc.
- CBD Health Solutions
Key Trends and Drivers:
- To achieve fitness goals and avoid ailments such as inflammation and pain, consumers look for new and healthy food products that are nutrient-dense.
- The pharmaceutical sector, which is constantly expanding around the world, acknowledges the value and benefits of cannabis and its by-products.
- Globally, favorable rules regulating the use of cannabis and related products are becoming more prevalent, and people are becoming more aware of the different benefits linked with cannabidiol.
- These items have grown in popularity as a result of their numerous applications, which include potential healing powers as well as the ability to soothe.
- There has been a considerable surge in medical treatment using cannabis-related drugs. Because of its healing capabilities, cannabidiols are in high demand for medical and wellness applications, which is one of the primary drivers of the global cannabidiol market’s growth.
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Segmentation:
By Product
- Oil
- Tinctures
- Suppository
- Transdermal patches
- Isolates
- Tablet
- Capsules
- Vape oil
- Creams and roll-on
- CBD inhalers
By Source
- Marijuana
- Hemp
By Application
- CBD for Food & Beverage
- CBD for Cosmetics & Personal Care
- CBD for Pharmaceuticals
- CBD for Other Applications
By Route of Administration
- Oral
- Topical
- Inhalation
- Transdermal patches
- Rectal
- Sublingual
By End-use Outlook
- Medical
- Chronic Pain
- Mental Disorders
- Cancer
- Others
- Personal Use
- Pharmaceuticals
- Wellness
- Food & Beverages
- Personal Care & Cosmetics
- Nutraceuticals
Reasons to buy Cannabidiol Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
About Global Insight Services:
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