The global cannabidiol (CBD) market size is expected to reach USD 15.15 billion in 2028 and register a revenue CAGR of 22.6% over the forecast period, according to the latest report by Reports and Data. The most important factors driving market revenue growth are rising awareness about the medicinal uses of CBD and increasing government approvals for cannabidiol use in numerous consumer products. Increasing research & development activities related CBD, increasing incorporation of CBD in a wide range of food and beverage products, rising health consciousness among consumers, and growing demand for cannabis in the pharmaceutical and cosmetics & personal care industries are other major factors expected to support market growth during the forecast period.
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The companies operating in the market and profiled in the report include
Folium Biosciences LLC, Elixinol Wellness Limited, Medterra, CV Sciences, Inc., Aurora Cannabis Inc., Medical Marijuana Inc., Isodiol International Inc., Cannoid, LLC, PharmaHemp CBD Izdelki, and ENDOCA.
The report offers complete portfolios of the key companies operating in the market including production capacity, revenue share and size, gross margin, sales revenue and margin, business expansion plans, technological advancements, product portfolio, global market position, and financial standing. The report also discusses in detail the recent mergers and acquisitions, joint ventures, product launches and brand promotions, partnerships, collaborations, agreements, and corporate and government deals.
The report further discusses in detail the market segmentation
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- Tinctures
- Isolates
- Pills & Capsules
- Oils
- Vape Oil
- Ointment Roll-on
- Transdermal Patches
- Suppository
- Others
Source Outlook (Revenue, USD Billion; 2018-2028)
- Hemp
- Marijuana
Application Outlook (Revenue, USD Billion; 2018-2028)
- Personal Use
- Medical
- Cancer
- Chronic Pain
- Mental Disorders
- Others
- Food & Beverages
- Cosmetics & Personal Care
- Nutraceuticals
- Others
Distribution Channel Outlook (Revenue, USD Billion; 2018-2028)
- Offline Channels
- Online Channels
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The report focuses on evaluation of the Cannabidiol (CBD) market in major regions and the countries included in those regions. The report evaluates the key aspects of the global market such as production and consumption patterns, supply and demand ratio, import and export, economic growth, technological developments, and robust presence of key players in the region. The report also offers a country wise analysis to offer better information about the Cannabidiol (CBD) market scope in key regions and crucial factors influencing market growth in major countries. Regional analysis covers the following:
- North America
- Canada
- U.S.
- Mexico
- Europe
- Germany
- Italy
- U.K.
- Rest of EU
- Asia Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- A.E
- Rest of MEA
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Key Advantages of the Cannabidiol (CBD) Market Report:
- Detailed analysis of changing dynamics of the global Cannabidiol (CBD) market
- Valuable insights on key market growth driving trends and monetary competence over the forecast period
- SWOT analysis and Porter’s Five Forces analysis for each key market player to offer competitive advantage to readers and investors
- Comprehensive assessment of competitive landscape and regional analysis
- Assessment of key factors driving and restraining market growth
- Analysis of threats, limitations, growth prospects, opportunities, and barriers in the market
- Strategic recommendations to key market players and new entrants to assist them in gaining a robust footing in the market
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