Cannabidiol (CBD) Market Size Reveals the Best Marketing Channels In Global Industry | 127 Pages
Cannabidiol (CBD) Market Trends, Growth Opportunities, and Forecast Scenarios
Cannabidiol (CBD) is a natural botanical concentrate that is high in the compound CBD. Of the more than 85 cannabinoids so far identified in the cannabis plant, CBD is the second most common after tetrahydrocannabinol (THC).
And in our report, the Cannabidiol (CBD) product refers in particular to Cannabidiol (CBD) Oil.
Market Analysis and Insights: Global Cannabidiol (CBD) Market
Due to the COVID-19 pandemic, the global Cannabidiol (CBD) market size is estimated to be worth USD 720.5 million in 2022 and is forecast to a readjusted size of USD 3213.4 million by 2028 with a CAGR of 28.3Percent during the review period. Fully considering the economic change by this health crisis, Hemp-derived Type accounting for Percent of the Cannabidiol (CBD) global market in 2021, is projected to value USD million by 2028, growing at a revised Percent CAGR in the post-COVID-19 period. While Pharmaceuticals Industry segment is altered to an Percent CAGR throughout this forecast period.
Cannabidiol (CBD) oil is a natural botanical concentrate that is high in the compound CBD. Of the more than 85 cannabinoids so far identified in the cannabis plant, CBD is the second most common after tetrahydrocannabinol (THC).
In the last few years, global market of Cannabidiol Oil (CBD Oil) developed rapidly, stimulated by the increasing demand from North America and Europe.
Presently, the production of Cannabidiol Oil (CBD Oil) is mainly concentrated in Europe and North America. Many producers of Cannabidiol Oil (CBD Oil) in the industry have formed an integrated industry chain, from the industrial hemp to downstream industries. Most of them can provide various finished products of Cannabidiol Oil (CBD Oil) to customers directly.
Online sales are the most common marketing channel for CBD based products in Europe and North America.
Global Cannabidiol (CBD) Scope and Segment
Cannabidiol (CBD) market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Cannabidiol (CBD) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2017–2028.
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Cannabidiol (CBD) Market Competitive Analysis
The Cannabidiol (CBD) Market is Highly competitive, with major players including Kazmira, CW Hemp/CW Botanicals, Freedom Leaf, Green Road, Medical Marijuana, Folium Biosciences, HempLife Today, Cannavest, Pharmahemp, ENDOCA, CBD American Shaman, NuLeaf Naturals, Select Oil, K.I.N.D. Concentrates, Canopy Growth Corporation, Aphria, Emblem Cannabis Oils, Whistler, The Lab, Absolute Terps. These companies utilize Cannabidiol (CBD) to support the growing demand.
In terms of Product Type, the Cannabidiol (CBD) market is segmented into:
Types of Cannabidiol (CBD) include Hemp-derived Type, Marijuana-derived Type.
Factors that Driving the growth of the Cannabidiol (CBD) Market are Pharmaceuticals Industry, Food Industry, Cosmetics Industry, Other.
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Cannabidiol (CBD) Industry Growth Analysis, by Geography
The Cannabidiol (CBD) market is expected to witness substantial growth in several regions, including North America (NA), Asia Pacific (APAC), Europe, the United States (USA), and China.
It is difficult to provide specific market share percent valuations as they can vary depending on the specific factors and fluctuations in the industry. Nonetheless, these regions are expected to hold a substantial market share in the Cannabidiol (CBD) market in the coming years.
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