PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1793454
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1793454
Cannabidiol Market Introduction and Overview
According to SPER market research, 'Global Cannabidiol Market Size- By Component, By Industry - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Global Cannabidiol Market is predicted to reach 40.01 billion by 2034 with a CAGR 16.06%.
Cannabidiol, or CBD, is a natural compound derived from the cannabis plant. Unlike THC, its more famous counterpart, CBD is non-psychoactive and does not cause a "high." In recent years, it has gained widespread attention for its potential health benefits, such as easing pain, reducing inflammation, alleviating anxiety, and controlling seizures. CBD works by interacting with the body's endocannabinoid system, which plays a role in regulating mood, sleep, and immune function.
Restraints: The cannabidiol (CBD) oil market faces numerous challenges that could hinder its growth and progress. One of the biggest obstacles is regulatory uncertainty, as laws governing CBD products differ significantly across regions and can change quickly, causing confusion for both manufacturers and consumers. Issues with quality control and product consistency, including varying potency and potential contamination, also undermine consumer confidence.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Source Type, By Sales Type, By End Use
Regions covered North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered ENDOCA, NuLeaf Naturals, LLC, Isodiol International, Inc., PharmaHemp, The Cronos Group, Cannoid, LLC, Medical Marijuana, Inc., Folium Europe B.V., Canopy Growth Corporation, Elixinol.
Global Cannabidiol Market Segmentation:
By Source Type: Based on the Source Type, Global Cannabidiol Market is segmented as; Hemp, Marijuana.
By Sales Type: Based on the Sales Type, Global Cannabidiol Market is segmented as; B2B, B2C, By Sales Channel, Hospital Pharmacies, Online, Retail Stores.
By End Use: Based on the End Use, Global Cannabidiol Market is segmented as; Medical, Personal Use, Pharmaceuticals, Wellness, Food & Beverages, Personal Care & Cosmetics, Nutraceuticals, Others
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe and Middle East & Africa.