Market Research Report
CBD Consumer Health - Global Market Outlook (2019-2027)
|Published by||Stratistics Market Research Consulting||Product code||956082|
|Published||Content info||196 Pages
Delivery time: 2-3 business days
|CBD Consumer Health - Global Market Outlook (2019-2027)|
|Published: August 1, 2020||Content info: 196 Pages||
According to Stratistics MRC, the Global CBD Consumer Health Market is accounted for $7.89 billion in 2019 and is expected to reach $40.20 billion by 2027 growing at a CAGR of 22.6% during the forecast period. Growing legalization of cannabis-based CBD products, rise in disposable income and positive government reforms for the legalization of cannabidiol (CBD) in various regions are some of the factors propelling the growth of the market. However, the availability of alternatives and the high price of CBD products are hampering the growth of the market.
Cannabidiol is one of the main cannabinoids extracted from the hemp or from marijuana, which is primarily found in the Cannabis sativa plant. Cannabidiol is a compound which is being utilized due to its therapeutic properties in humans.
Based on the product, the nutraceuticals segment is anticipated to hold considerable market share during the forecast period owing to the increasing awareness amongst consumers regarding the health benefits of cannabidiol, changing consumer preferences towards organic ingredients in dietary supplements, and favourable government reforms regarding CBD. By geography, Europe is expected to grow at a significant market share during the forecast period due to an increase in consumption, rising awareness, positive attitude regarding CBD products, and strategic investments by major companies in the region.
Some of the key players profiled in the CBD Consumer Health Market include Elixinol Global Limited, CV Sciences Inc, NuLeaf Naturals LLC, Medical Marijuana Inc, Lord Jones, Kazmira, Joy Organics, ENDOCA, and Charlotte's Web.
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