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Global Cannabidiol (CBD) Market Growth 2023-2029

Global Cannabidiol (CBD) Market Growth 2023-2029

Product Code:455363

Published Date: Feb 08,2023

Pages: 122

Region: Global

Category: Pharma & Healthcare

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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.

LPI (LP Information)' newest research report, the “Cannabidiol (CBD) Industry Forecast” looks at past sales and reviews total world Cannabidiol (CBD) sales in 2022, providing a comprehensive analysis by region and market sector of projected Cannabidiol (CBD) sales for 2023 through 2029. With Cannabidiol (CBD) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cannabidiol (CBD) industry.

This Insight Report provides a comprehensive analysis of the global Cannabidiol (CBD) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cannabidiol (CBD) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Cannabidiol (CBD) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cannabidiol (CBD) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cannabidiol (CBD).

The global Cannabidiol (CBD) market size is projected to grow from US$ 539.2 million in 2022 to US$ 3268.2 million in 2029; it is expected to grow at a CAGR of 3268.2 from 2023 to 2029.

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.

This report presents a comprehensive overview, market shares, and growth opportunities of Cannabidiol (CBD) market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Hemp-derived Type
    Marijuana-derived Type

Segmentation by application
    Pharmaceuticals Industry
    Food Industry
    Cosmetics Industry
    Other

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    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

Key Questions Addressed in this Report
What is the 10-year outlook for the global Cannabidiol (CBD) market?
What factors are driving Cannabidiol (CBD) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Cannabidiol (CBD) market opportunities vary by end market size?
How does Cannabidiol (CBD) break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?