Asia Pacific cannabidiol (CBD) market is projected to register a substantial CAGR of 24.1% in the forecast period of 2022 to 2029. The new market report contains data for the historic year 2021, the base year of calculation is 2022, and the forecast period is 2022 to 2029.
Market Segmentation:
Asia Pacific cannabidiol (CBD) market, By Source (hemp and marijuana), Grade (food grade and therapeutics grade), Nature (organic and inorganic), Application (tincture, food, beverages, pharmaceutical, topicals, dietary supplements and others), Product Type (CBD oil, CBD concentrates, CBD isolates and others), Countries (China, Japan, India, South Korea, Thailand, Malaysia, Australia, New Zealand and rest of Asia-Pacific) Industry Trends and Forecast to 2029.
Some of the major factors contributing to the growth of the Asia Pacific cannabidiol (CBD) market are:
- Increasing demand for CBD in health & fitness
- Improving government approvals and regulations for CBD products
Market Segmentation:
Asia Pacific cannabidiol (CBD) market is categorized into five notable segments: source, grade, application, product type, nature.
- On the basis of source, the Asia Pacific cannabidiol (CBD) market is segmented into hemp and marijuana.
- On the basis of grade, the Asia Pacific cannabidiol (CBD) market is segmented into food grade and therapeutics grade
- On the basis of nature, the Asia Pacific cannabidiol (CBD) market is segmented into organic and inorganic.
- On the basis of application, the Asia Pacific cannabidiol (CBD) market is segmented into tincture, food, beverages, pharmaceutical, topicals, dietary supplements and others
- On the basis of product type, the Asia Pacific cannabidiol (CBD) market is segmented into CBD oil, CBD concentrates, CBD isolates and others
Market Players
The key market players operating in the Asia Pacific cannabidiol (CBD) market are listed below:
- CV Sciences, Inc.
- Groff North America Hemplex
- Joy Organics
- Elixinol Wellness Limited
- Isodiol International Inc.
- Healthy Food Ingredients, LLC
- NuLeaf Naturals, LLC
- Diamond CBD
- Medterra CBD
- ENDOCA
- Green Roads