Austin, TX, USA, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Cannabidiol Market Size, Trends and Insights By Source Type (Hemp, Marijuana), By Sales Type (B2B, B2C), By Sales Channel (Hospital Pharmacies, Online, Retail Stores), By End-use (Medical, Chronic Pain, Mental Disorders, Cancer, Others, Personal Use, Pharmaceuticals, Wellness, Food & Beverages, Personal Care & Cosmetics, Nutraceuticals, Others) and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.
“According to the latest research study, the demand for global Cannabidiol Market size & share was valued at approximately USD 17.50 Billion in 2022 and is expected to reach USD 17.71 Billion in 2023 and is expected to reach a value of around USD 19.67 Billion by 2032, at a compound annual growth rate (CAGR) of about 18% during the forecast period 2023 to 2032.”
Click Here to Access a Free Sample Report of the Global Cannabidiol Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=32905
Cannabidiol Market: Growth Factors and Dynamics
The dynamics of the Cannabidiol (CBD) market are multifaceted and influenced by a combination of factors that shape its growth, opportunities, and challenges. These dynamics include:
- Increasing Acceptance and Legalization: The growing acceptance of cannabis and CBD products for medicinal and recreational use in various regions has created new market opportunities. Legalization efforts have expanded consumer access to CBD products and fostered industry growth.
- Research and Medical Discoveries: Ongoing research into the potential health benefits of CBD and its therapeutic applications has generated interest among consumers and healthcare professionals. Medical discoveries regarding CBD’s potential to alleviate symptoms of various health conditions continue to drive market growth.
- Regulatory Landscape: The regulatory environment surrounding CBD varies across different countries and regions. Evolving regulations can influence market dynamics, affecting product availability, distribution, and marketing practices.
- Consumer Awareness and Education: Increasing consumer awareness about CBD and its potential health benefits has driven demand for CBD products. Education about CBD’s usage, safety, and proper dosing plays a crucial role in market growth.
- Product Innovation: Companies in the CBD market continuously innovate to develop new and diverse CBD-infused products. This includes expanding product lines to cater to different consumer preferences and target specific health concerns.
- Supply Chain and Quality Control: As the market grows, ensuring quality control and transparency in the supply chain becomes crucial. Establishing rigorous testing standards and certification processes is essential to maintain consumer trust.
- Competition and Market Consolidation: The CBD market is becoming increasingly competitive, with new entrants and established companies vying for market share. Market consolidation through mergers and acquisitions is a growing trend to enhance market position and capabilities.
- International Trade and Export: The global nature of the CBD market requires companies to navigate international trade regulations and import-export restrictions to expand their reach in different countries.
- Health and Wellness Trends: The growing focus on health and wellness has driven consumer interest in natural and alternative remedies, positioning CBD products as attractive options for managing various health conditions.
- Sustainability and Ethical Practices: Consumers are increasingly conscious of sustainable and ethical practices. Companies that prioritize environmentally friendly cultivation methods and responsible sourcing gain a competitive edge.
- Economic Factors: Economic conditions and purchasing power can influence consumer spending on CBD products, especially in times of economic uncertainty.
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Report Scope
| Feature of the Report | Details |
| Market Size in 2023 | USD 17.71 Billion |
| Projected Market Size in 2032 | USD 19.67 Billion |
| Market Size in 2022 | USD 17.50 Billion |
| CAGR Growth Rate | 18% CAGR |
| Base Year | 2022 |
| Forecast Period | 2023-2032 |
| Key Segment | By Source Type, Sales Type, Sales Channel, End-use and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
(A free sample of the Cannabidiol report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request.
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
- Includes Tables and figures have been updated.
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the Cannabidiol report has been modified to include the COVID-19 impact study prior to delivery.)
Request a Customized Copy of the Cannabidiol Market Report @ https://www.custommarketinsights.com/report/cannabidiol-market/
Cannabidiol Market: COVID-19 Analysis
The COVID-19 pandemic has had a significant impact on the Cannabidiol (CBD) market, influencing various aspects of the industry. Here is an analysis of how the pandemic affected the CBD market:
- Increase in CBD Sales: During the pandemic, there was a notable increase in CBD sales as consumers sought products for stress relief, anxiety management, and overall wellness. The pandemic-induced uncertainty and anxiety contributed to the growing demand for CBD products.
- The shift in Consumer Behavior: With lockdowns and social distancing measures in place, many consumers turned to online shopping for CBD products, driving the e-commerce sales of CBD companies.
- Supply Chain Disruptions: The global pandemic caused disruptions in supply chains, impacting the availability and distribution of CBD products. Restrictions on transportation and trade posed challenges for CBD companies in sourcing raw materials and fulfilling orders.
- Regulatory Changes: Some regions implemented changes to CBD regulations during the pandemic, allowing for expanded access to CBD products or easing restrictions on CBD sales.
- Increased Focus on Health and Wellness: The pandemic led to a heightened focus on health and wellness, prompting consumers to seek natural remedies like CBD to support their well-being.
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Key questions answered in this report:
- What is the size of the Cannabidiol market and what is its expected growth rate?
- What are the primary driving factors that push the Cannabidiol market forward?
- What are the Cannabidiol Industry's top companies?
- What are the different categories that the Cannabidiol Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Cannabidiol market sample report and company profiles?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2023−2032
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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List of the prominent players in the Cannabidiol Market:
- ENDOCA
- Cannoid LLC
- Medical Marijuana Inc.
- Folium Biosciences
- Elixinol
- NuLeaf Naturals LLC
- Isodiol International Inc.
- Pharmahemp d.o.o.
- Others
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(We customized your report to meet your specific research requirements. Inquire with our sales team about customizing your report.)
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Cannabidiol Market – Regional Analysis
- North America: North America, particularly the United States and Canada, is one of the largest CBD markets globally. The region’s early adoption of cannabis legalization for medical and recreational use has driven the CBD market’s growth. The presence of established CBD brands, a mature distribution network, and favorable consumer attitudes toward CBD contributes to the market’s expansion.
- Europe: Europe is witnessing rapid growth in the CBD market, driven by increasing awareness of CBD’s potential health benefits and a progressive regulatory environment in several countries. The European CBD market is diverse, with different regulations in individual countries, creating opportunities for local and international CBD companies.
- Asia-Pacific: The Asia-Pacific region, including countries like China, Japan, South Korea, and Australia, is experiencing significant growth in the CBD market. While regulations regarding CBD can be stringent in some countries, changing attitudes toward cannabis and increasing consumer interest in CBD products are driving market growth.
- Latin America: Latin America is emerging as a promising CBD market, with countries like Brazil, Mexico, and Colombia showing increasing interest in CBD products. The region’s potential lies in its vast agricultural resources for hemp cultivation and growing acceptance of CBD for medicinal and wellness purposes.
- Middle East and Africa: The CBD market in the Middle East and Africa is relatively nascent, with varying levels of acceptance and regulation across different countries. Some regions are exploring the potential of CBD for medical use, while others have stricter regulations.
- Rest of the World: Other regions not covered in the above categories also contribute to the global CBD market. Some regions may have limited CBD acceptance due to cultural or regulatory factors, while others may be exploring opportunities for market growth.
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The Cannabidiol Market is segmented as follows:
By Source Type
- Hemp
- Marijuana
By Sales Type
- B2B
- B2C
By Sales Channel
- Hospital Pharmacies
- Online
- Retail Stores
By End-use
- Medical
- Chronic Pain
- Mental Disorders
- Cancer
- Others
- Personal Use
- Pharmaceuticals
- Wellness
- Food & Beverages
- Personal Care & Cosmetics
- Nutraceuticals
- Others
Click Here to Get a Free Sample Report of the Global Cannabidiol Market @ https://www.custommarketinsights.com/report/cannabidiol-market/
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
This Cannabidiol Market Research/Analysis Report Contains Answers to the following Questions.
- Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Cannabidiol Market? What are Their Company Profile, Product Information, and Contact Information?
- What Was the Global Market Status of the Cannabidiol Market? What Was the Capacity, Production Value, Cost and PROFIT of the Cannabidiol Market?
- What Is the Current Market Status of the Cannabidiol Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Cannabidiol Market by Considering Applications and Types?
- What Are Projections of the Global Cannabidiol Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Cannabidiol Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is the Economic Impact On Cannabidiol Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Cannabidiol Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Cannabidiol Industry?
Click Here to Access a Free Sample Report of the Global Cannabidiol Market @ https://www.custommarketinsights.com/report/cannabidiol-market
Reasons to Purchase Cannabidiol Market Report
- Cannabidiol Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
- Cannabidiol Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Cannabidiol Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Cannabidiol Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
Reasons for the Research Report
- The study provides a thorough overview of the global Cannabidiol market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
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What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Cannabidiol market analysis.
- The competitive environment of current and potential participants in the Cannabidiol market is covered in the report, as well as those companies' strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide Cannabidiol market should find this report useful. The research will be useful to all market participants in the Cannabidiol industry.
- Managers in the Cannabidiol sector are interested in publishing up-to-date and projected data about the worldwide Cannabidiol market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Cannabidiol products' market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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