New York, NY, Feb. 15, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Cannabidiol Products Market by Application (Food & Beverages, Pharmaceuticals, Cosmetics, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global cannabidiol products market was valued at approximately USD 1,445 million in 2018 and is expected to generate around USD 15,040 million by 2025, at a CAGR of around 39.7% between 2019 and 2025.
Cannabidiol is a non-psychoactive compound in marijuana that possesses healing or therapeutic benefits. Marijuana-based cannabidiol products have a comparatively high content of tetrahydrocannabinol as compared to hemp-derived cannabidiol products. The latest trend that is gaining popularity in the market in various parts of the world is increasing the impact of online retailing of cannabidiol products.
Browse through 20 Tables & 17 Figures spread over 120 Pages and in-depth TOC on “Global Cannabidiol Products Market: Industry Size, Share, Trends, Growth, Applications, Analysis and Forecast, 2018–2025”.
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Cannabidiol has a list of health benefits, which is making companies from almost every consumable category, i.e., counting dietary supplements, beverages, pet products skin care, etc., vigorously explore the business in the cannabidiol products market in different parts of the world. This is the primary factor that is likely to drive the development of the cannabidiol products market on a global scale over the estimated timeframe. Due to the growing awareness about cannabidiol products and a large number of product applications in different industries, the market players are immensely attracted toward the cannabidiol products market. Moreover, the high-profit margin in the cannabidiol products is likely to further propel the growth of the cannabidiol products market globally.
The global cannabidiol products market is segmented based on application. By application, the global cannabidiol products market is segmented into food and beverages, pharmaceuticals, cosmetics, and others. The food and beverages segment is further divided into cannabidiol edibles and cannabidiol beverages. The pharmaceutical segment includes capsules, suppository, tinctures, topicals, transdermal patches, inhalers, and others. The pharmaceutical segment held the largest share of the global cannabidiol products market in 2018. Cannabis has been legalized for medicinal purpose in various countries since quite some time now. Various emerging countries are in process to legalize cannabis for medicinal purposes in the upcoming years. The food and beverages segment is expected to register a high growth rate in the global cannabidiol products market in the future, owing to the growing investment for developing cannabidiol edibles and beverages and increasing acceptance of cannabidiol in food products.
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The growth of cannabidiol products market is likely to gain momentum in North America in the years ahead, owing to the legalization of marijuana in the U.S. and Canada for various purposes and the presence of a large number of players operating in the cannabidiol market in the region. The continuous investments made for new product development and product launches in the region are anticipated to further boost the growth of the North American cannabidiol products market over the estimated timeframe. For instance, in June 2018, Epidiolex, a cannabidiol drug, received the FDA approval for treating severe and rare forms of epilepsy in patients aged two years and above. The Canadian government has legalized the recreational use of marijuana and hemp in 2018 under”The Cannabis Act.” This, in turn, is likely to create new growth prospects in the country in the upcoming years. The Act also referred as Bill C-45, also comprises rules for enhancing the legal applications of hemp in across various industries.
Europe is anticipated to hold the second position in the global cannabidiol products market in the future, owing to the high disposable income and high awareness about cannabidiol products. Moreover, Germany, Italy, and Holland are trying to lift the embargo on the medical use of cannabis products, which, in turn, is also expected to drive the growth of the European cannabidiol products market over the estimated timeframe.
Browse the full “Cannabidiol Products Market by Application (Food & Beverages, Pharmaceuticals, Cosmetics, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/cannabidiol-products-market
In terms of growth rate, Asia Pacific is expected to show high growth in the cannabidiol products market over the forecast time period. The increasing traditional applications of cannabidiol products in various food items in India, China, and Nepal are likely to boost the growth of the cannabidiol products market in the Asia Pacific. The increasing number of agreements and partnerships among the companies operating in the market for the development of new products in cannabidiol category is projected to further boost the growth of the Asia Pacific cannabidiol products market over the estimated timeframe. For instance, in March 2017, the Canada based cannabidiol company, Naturally Splendid, signed two sales agreements to launch CBD products in Japan. The company has also launched a range of 14 Natera brands with FoddEx Japan Show in Tokyo. The products list includes CBD containing oral spray, topicals, and capsules, among others.
Some key players of the global cannabidiol products market are CV Sciences, Gaia Botanicals, ENDOCA, Isodiol International, Medical Marijuana, Aurora Cannabis (AC), CBD American Shaman, Canopy Growth Corporation, Elixinol, IRIE CBD, Beverages Trade Network, Coca–Cola, Lagunitas, The Supreme Cannabis Company, General Cannabis Corporation, Heineken, Cannabis Sativa, Inc., and Insys Therapeutics, Inc.
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This report segments the global cannabidiol products market into:
Global Cannabidiol Products Market: Application Analysis
- Food and Beverages
- Cannabidiol Edibles
- Cannabidiol Beverages
- Pharmaceuticals
- Capsules
- Suppository
- Tinctures
- Topicals
- Transdermal Patches
- Inhalers
- Others
- Cosmetics
- Others
Global Cannabidiol Products Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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