#Cannabidiol Cbd Market forecast
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Cannabidiol Cbd Market to see Booming Business Sentiments | Kazmira, Aurora Cannabis, Gaia Botanicals, Bud & Tender
Advance Market Analytics published a new research publication on “Global Cannabidiol Cbd Market Insights, to 2027” with 232 pages and enriched with self-explained Tables and charts in presentable format. In the study, you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market-associated stakeholders. The growth of the Cannabidiol Cbd market was mainly driven by the increasing R&D spending across the world.
Major players profiled in the study are:
ENDOCA BV (Netherlands), Gaia Botanicals LLC (United States), Bud & Tender Ltd (United Kingdom), ALWAYS PURE ORGANICS LTD (United Kingdom), Prásino CBD solutions (Netherland), Medical Marijuana, Inc. (United States), Isodiol International Inc. (Canada), Medical Marijuana Inc. (United States), Aurora Cannabis Inc. (Canada), Canopy Growth Corporation (Canada), CV Sciences, Inc. (United States), Elixinol LLC (United States), FOLIUM BIOSCIENCES (United States), Kazmira LLC (Orochem Technologies) (United States)
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Scope of the Report of Cannabidiol Cbd
Cannabidiol (CBD) is one of the hundreds of cannabinoids that are found in the cannabis plant. This is a naturally occurring substance, can be extracted & mixed with a carrier oil, often hemp seed or coconut, to create CBD oil. Cannabidiol oil can be derived from two different species of cannabinoids such as marijuana and hemp. Rising awareness about the health benefits of Cannabidiol is the major factors that are expected to drive the growth of the global Cannabidiol market. The demand for Cannabidiol is increasing around the globe owing to their capacity to cure various ailments in the human body. In the current scenario, European countries government authorities come to grips with legislation of cannabis-based products and rapidly expanding CDB market year on year.
The Global Cannabidiol Cbd Market segments and Market Data Break Down are illuminated below:
by Type (Marijuana-Derived Cannabidiol Products, Hemp-Derived Cannabidiol Products), Application (Personal Care & Cosmetics, Pharmaceutical (Anxiety, Fibromyalgia (FM), Diabetes and Other), Food & Beverages, Others), Sales Channel (Hospital Pharmacies, Retail Pharmacies, Online Stores, Others), Cultivation Type (Organic, Inorganic)
Market Opportunities:
Growing Investments in the Production of Cannabis Oil
Market Drivers:
High Acceptance of Cannabidiol Cbd for Pharmaceutical Purposes
Growing Awareness Regarding Health Benefits of CBD Oil in European Countries
Increasing Millennial Population and Rising E-Commerce Industry
Market Trend:
Legalization of Cannabis for Medicinal and Recreational Activities
Increasing Legalization of Cannabis-Based Products
What can be explored with the Cannabidiol Cbd Market Study?
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Cannabidiol Cbd Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Cannabidiol Cbd
Understand the Competitive Scenarios
Track Right Markets
Identify the Right Verticals
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Strategic Points Covered in Table of Content of Global Cannabidiol Cbd Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Cannabidiol Cbd market
Chapter 2: Exclusive Summary – the basic information of the Cannabidiol Cbd Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Cannabidiol Cbd
Chapter 4: Presenting the Cannabidiol Cbd Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2016-2021
Chapter 6: Evaluating the leading manufacturers of the Cannabidiol Cbd market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2022-2027)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, Cannabidiol Cbd Market is a valuable source of guidance for individuals and companies.
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#Cannabidiol (CBD) Market Growth#Cannabidiol (CBD) Market Trends#Cannabidiol Cbd market analysis#Cannabidiol Cbd Market forecast#Cannabidiol Cbd Market Opportunity#Cannabidiol Cbd Market share
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#CBD Cannabidiol Oil Market#CBD Cannabidiol Oil Market size#CBD Cannabidiol Oil Market share#CBD Cannabidiol Oil Market trends#CBD Cannabidiol Oil Market analyis#CBD Cannabidiol Oil Market forecast
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#Cannabidiol (cbd) market#Cannabidiol (cbd) market size#Cannabidiol (cbd) market forecast#Cannabidiol (cbd) market growth
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Exploring CBD's Impact: Market Trends and Consumer Insights
The cannabis sativa plant contains over 100 cannabinoids, with cannabidiol (CBD) and tetrahydrocannabinol (THC) being the primary active components extracted and isolated for commercial use. CBD is a non-intoxicating cannabinoid found in cannabis and hemp plants. It has been used to treat various medical conditions such as chronic pain, nausea, anxiety, depression and insomnia due to its antioxidant and neuroprotective properties. CBD products are available in various forms such as oils, tinctures, gels, creams and soft gels. The need for CBD products has been increasing owing to the legalization of cannabis derivatives and awareness about the therapeutic benefits of CBD in managing medical conditions without the psychoactive effects of THC.
The global cannabidiol market is estimated to be valued at US$ 323.23 million in 2024 and is expected to exhibit a CAGR of 4% over the forecast period of 2023 to 2030.
Key Takeaways
Key players operating in the cannabidiol market are Geographically, the anesthesia gas evaporator market has been classified into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America hold the major share due to higher per capita income and technological advancement. Also, rise in health concerns among the people formed a major factor for rise in surgical and minimally invasive procedures in the U.S. According to American Society of Plastic Surgeons (ASPS), around 15.9 million surgical and minimally-invasive cosmetic procedures performed in the U.S. in 2015 which showed a 2% increase over 2014.
The increasing legalization of cannabis and rising awareness about the therapeutic properties of CBD provide lucrative growth opportunities. Many countries and states have legalized the use of CBD products derived from hemp containing less than 0.3% of THC. Around 7.8 million Americans are estimated to have used legal CBD in 2020 according to Brightfield Group.
Key companies are focusing on geographical expansion to penetrate developing regions having lenient CBD regulations such as Asia Pacific and Latin America. Companies are investing in new product development and acquisitions to consolidate their market share globally.
Market Drivers
Increasing legalization of cannabis derivatives: Legalization of cannabis and THC/CBD-containing hemp derivatives for medical and recreational adult use in various countries is expected to fuel the CBD market growth over the forecast period. This alleviates the restrictions over processing, distribution and retail of CBD-infused products.
Awareness about therapeutic properties: With increased scientific research validating the therapeutic effects, consumers are gaining awareness about CBD’s benefits in easing symptoms of medical conditions such as epilepsy, multiple sclerosis and chronic pain. This drives its demand for both medical and wellness applications.
Market Restraints
Stringent regulations over CBD content: Distributors and manufacturers face challenges regarding varying regulations defining the maximum permissible levels of THC in CBD derivatives across different regions. Products violating these norms are at risk of facing legal consequences.
Limited clinical evidence and research: More extensive clinical studies are still required to validate the therapeutic efficacy, safety, optimal dosage and potential drug interactions. This hinders the widespread adoption of CBD till now.
Segment Analysis
The cannabidiol market can be segmented based on product type into hemp-derived CBD and marijuana-derived CBD. Presently, the hemp-derived CBD segment dominates the market as it is legal in most parts of the world. Hemp-derived CBD is easily available, affordable, and has various therapeutic applications like reducing inflammation, pain, and anxiety. This wide demand and legal acceptance has made hemp-derived CBD the dominant segment currently.
Global Analysis
North America holds the largest share in the global cannabidiol market. Higher healthcare spending, presence of major players, and growing legal acceptance of marijuana drive the North America cannabidiol market. Within North America, the U.S. dominates due to presence of major companies and favorable laws allowing CBD products. The Asia Pacific region is expected to grow the fastest during the forecast period due to rising disposable incomes, growing health awareness, and relaxation of laws regarding CBD items in certain countries. China, India, Japan, and Australia are major markets in Asia Pacific supporting the regional growth of the cannabidiol industry. Rapidly developing healthcare sector also assists market expansion across Asia Pacific.
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Nutraceuticals Market Is Expected To Grow Swiftly By 2030
The global nutraceuticals market size is projected to reach USD 599.71 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to grow at a CAGR of 9.6% from 2024 to 2030. Rising awareness regarding calorie reduction and weight loss in the major markets including the U.S., China, and India is expected to promote the application of the health and wellness segment and thus, in turn, will have a substantial impact on the industry.
Nutraceuticals are products that provide health advantages and additional nutrition to the human body. It comprises fortified nutrients, such as taurine, CoQ10, omega-3, calcium, zinc, and antioxidants, that develop the complete health of consumers. These nutrients further benefit in averting medical conditions such as hypertension, diabetes, heart diseases, and allergies. As nutraceuticals develop the digestive and immune systems and enhance the cognitive behavior of consumers, their demand is witnessing a surge at the global level.
The increasing trend among consumers to alter dietary habits is likely to boost the demand for nutraceuticals. The consumer belief that improper diet results in an increase in the costs of pharmaceuticals is anticipated to boost the demand for nutraceuticals. This would also help the government as it would result in lesser expenditure on healthcare and low social security costs.
A rise in disposable income, increasing consumer awareness concerning health issues, and rapid urbanization are likely to boost the market growth over the forecast years. A positive outlook towards medical nutrition owing to the high prevalence of weight management programs, along with cardiovascular diseases, is anticipated to propel the product demand.
The rise and evolution of wellness-focused diets such as keto and paleo are driving food producers to cater their products in this direction. Functional food products such as probiotics and omega-3 are highly used in yogurt and fish oils to reduce the risk of cardiovascular diseases and develop the quality of intestinal microflora, which is further projected to fuel the growth of the functional food segment over the coming years.
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Nutraceuticals Market Report Highlights
Based on ingredient, in 2023, probiotics held a dominant position in the market; with a share of 27.7% owing to the majority of food manufacturing companies using probiotics as a primary ingredient to provide better nourishment and reduce health problems caused by harmful bacteria
The vitamins segment captured a significant market share in 2023. The segment is expected to witness significant growth in the coming years
In terms of product, the functional foods segment dominated the market with a revenue share of 37.65% in 2023. Rising healthcare costs, coupled with the increasing geriatric population across the world, are anticipated to assist the segment growth over the forecast period
North America held the largest revenue share of over 34.90% in 2023. The growing health concerns amongst consumers and increasing awareness regarding nutraceuticals are likely to be the major drivers of the North America market.
The market represents a highly competitive landscape. Key market players dominate the market space and have been focusing on various strategic initiatives including mergers & acquisitions, product innovation, and portfolio expansion
Nutraceuticals Market Segmentation
Grand View Research has segmented the global nutraceuticals market based on ingredient, product, application, and region:
Nutraceuticals Ingredient Outlook (Revenue, USD Million, 2018 - 2030)
Aloe vera
Amino acids
Botanical Ingredients
Ashwagandha
Curcumin
Ginseng
Hemp
Others
Cannabidiol (CBD)
Carbohydrates
Carnitine
Food Color
Carotenoids
Astaxanthin
Lutein
Lycopene
Other carotenoids (Zeaxanthin, Betacarotene)
Spirulina
Collagen
Colostrum
Cultures and fermentation starters
Dairy ingredients
Emulsifiers
Enzymes
Essential oils
Fat replacers
Fats and oils
Fibers
Flavors
Fruit and vegetable products
Glucosamine / Chondroitin
Isoflavones
Juices and concentrates
Krill
Lipids / Fatty Acids
Marine ingredients
Minerals
Calcium
Iron
Magnesium
Selenium
Others
Omega-3s
Marine Derived
Plant-derived
Prebiotics
Probiotics
Proteins
Sweeteners
Stevia
Monkfruit
Others (Honey, sucrose, fructose, etc.)
Vitamins
Vitamin A
Vitamin B
Vitamin C
Vitamin D
Vitamin E
Vitamin K
Whey proteins
Other
Nutraceuticals Product Outlook (Revenue, USD Million, 2018 - 2030)
Dietary supplements
Functional foods
Functional beverages
Nutraceuticals Application Outlook (Revenue, USD Million, 2018 - 2030)
Allergy & intolerance
Animal nutrition
Healthy ageing
Bone & joint health
Cancer prevention
Children's health
Cognitive health
Diabetes
Digestive / Gut health
Energy & endurance
Eye health
Heart health
Immune system
Infant health
Inflammation
Maternal health
Men's health
Nutricosmetics
Oral care
Personalized nutrition
Post Pregnancy and reproductive health
Sexual health
Skin health
Sports nutrition
Weight management & satiety
Women's health
Other
Nutraceuticals Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
The Netherlands
Asia Pacific
China
Japan
India
Australia & New Zealand
South Korea
Central & South America
Brazil
Argentina
Middle East & Africa
UAE
South Africa
List of Key Players in the Nutraceuticals Market
DSM
Amway
Pfizer Inc.
Nestle
The Kraft Heinz Company
The Hain Celestial Group, Inc.
Nature's Bounty
General Mills Inc.
Danone
Tyson Foods
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Cannabis Chronicles: Trends, Insights, and Market Dynamics till 2031
Cannabis Market Information:
Market Overview
The global cannabis market is projected to reach USD 189.89 billion by 2031 at a 24% CAGR (2023-2031). In 2020, 15 states legalized recreational cannabis, 35 states allowed medicinal use. -Changing trends by region The food and beverage (F&B) industry is witnessing significant shifts driven by evolving consumer preferences, changing retail landscapes, technological advancements, and regulatory updates. This market research report offers crucial insights for industry professionals seeking to navigate these complexities and seize growth opportunities. It highlights key drivers such as the demand for healthy, sustainable options and the impact of e-commerce on distribution channels. Moreover, it delves into segment analysis, regional trends, and competition dynamics, equipping businesses with actionable intelligence to stay ahead in this dynamic market.
Competitive Players
Some of the key players operating in the Cannabis market are
Tilray
Canopy Growth Corp
GW Pharmaceuticals PLC
Aurora Cannabis Inc.
Aphira Inc.
MedReLeaf Corp
CV sciences Inc.
Delta 9 Cannabis
Cannimed Therapeutics Inc.
Vivo Cannabis
Good Leaf
Halo Labs
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The Cannabis market report helps a wide range of businesses figure out what their consumers truly want by doing extensive market research. When it comes to new products, every company owner wants to know how much demand there is, and this report is a great resource. Additional benefits include ensuring that the most recent market developments are covered. You may keep a close check on key rivals and their company growth tactics by reading the Cannabis market research. It also does an in-depth research for the years 2022-2030 in order to provide company owners with new business options.
This research also provides a dashboard view of prominent Organization, highlighting their effective marketing tactics, market share and most recent advances in both historical and current settings.
Global Cannabis Market: Segmentation
By Product Type
Capsules
Concentrates
Edibles
Other Product Types
By Application
Medical
Recreational
By Compound Type
Tetrahydrocannabinol (THC)
Cannabidiol (CBD)
Balanced THC and CBD
The report forecasts revenue growth at all the geographic levels and provides an in-depth analysis of the latest industry trends and development patterns from 2022 to 2030 in each of the segments and sub-segments. Some of the major geographies included in the market are given below:
North America (U.S., Canada)
Europe (U.K., Germany, France, Italy)
Asia Pacific (China, India, Japan, Singapore, Malaysia)
Latin America (Brazil, Mexico)
Middle East & Africa
This Report is available for purchase on Buy Cannabis Market Report
Key Highlights
In order to explain Cannabis the following: introduction, product type and application, market overview, market analysis by countries, market opportunities, market risk, and market driving forces
The purpose of this study is to examine the manufacturers of Cannabis , including profile, primary business, and news, sales and price, revenue, and market share.
To provide an overview of the competitive landscape among the leading manufacturers in the world, including sales, revenue, and market share of Cannabis percent
In order to illustrate the market subdivided by kind and application, complete with sales, price, revenue, market share, and growth rate broken down by type and application
To conduct an analysis of the main regions by manufacturers, categories, and applications, covering regions such as North America, Europe, Asia Pacific, the Middle East, and South America, with sales, revenue, and market share segmented by manufacturers, types, and applications.
To conduct an investigation into the production costs, essential raw materials, and production method, etc.
Principal Motives Behind the Purchase:
To get deep analyses of the industry and to have a complete comprehension of the commercial landscape of the global market.
Analyse the production processes, key problems, and potential solutions in order to reduce the potential for future problems.
The goal of this study is to get an understanding of the most influential driving and restraining factors in the Cannabis industry as well as the influence that this market has on the worldwide market.
Gain an understanding of the market strategies that are now being used by the most successful firms in their respective fields.
In order to have an understanding of the market's future and potential.
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#Cannabis Market#Cannabis Industry#Cannabis Market Share#Cannabis Market Size#Cannabis Market Trends#Cannabis Market Regional Analysis#301 Market Growth Rate
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Medical Cannabis Market, Applications and Market– Industry Analysis, Size, Share, Growth and Forecast 2030
Data Bridge Market Research analyzes that the Global Medical Cannabis Market is expected to grow at a CAGR of 22.8% during the forecast period of 2023 to 2030.
Industry Analysis
The rising number of patients related to chronic diseases globally and an increased inclination towards a healthy lifestyle are some of the factors that are expected to drive market growth. In addition, the rise in the number of product approvals and increasing R&D activities for medical cannabis devices are expected to drive market growth. However, the high cost of medical cannabis devices and procedures, medicinal drugs, safety concerns and adverse effects associated with laser procedures, and lack of awareness about the treatment from laser devices are expected to restrain the market growth. Additional technological advancements in medical cannabis and strategic initiatives by emerging players are expected to act as opportunities for market growth. However, stringent regulations and a lack of skilled professionals are expected to pose a challenge to market growth.
The use of cannabis as medicine is not rigorously tested due to government restrictions and resulting in limited clinical research to define the efficacy of cannabis in medical and clinical applications. However, preliminary studies suggest that cannabis reduces vomiting and nausea in chemotherapy patients and helps in increasing appetite.
Cannabis is a psychoactive drug that is derived from the cannabis plant of the Cannabaceae family. For several years, it has been used medicinally and has a wide range of applications in the treatment of various diseases including chronic pain, cancer, depression, diabetes, arthritis, glaucoma, epilepsy, migraines, AIDS, and Alzheimer’s among others.
The increased medicinal use of cannabis, the controlled legalization and use of cannabis in various industries, and the advanced methodologies present in the field are some of the factors expected to drive market growth.
Global Medical Cannabis Market Scope
The global medical cannabis market is segmented into nine notable segments based on product, source, species, derivatives, application, route of administration, treatment type, end user, and distribution channel. The growth amongst these segments will help you analyze market growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
Oil
Dried Medical Cannabis
Medical Cannabis Capsules
Vape Pen
Whole Flower
Creams & Moisturizer
Ground Flower
Patch
Masks & Serum
Cleanser
Others
Source
Synthetic
Natural
Species
Cannabis Indica
Sativa
Hybrid
Derivatives
Cannabidiol (CBD)
Tetrahydrocannabinol (THC)/ Delta-8-Tetrahydrocannabinol
Cannabigerol (CBG)
Cannabichromene (CBC)
Cannabinol (CBN)
Cannabicyclol (CBL)
Others
Application
Pain Management
Anxiety
Muscle Spasm
Nausea
Appetite Loss
Eating Disorders
Inflammatory Bowel Diseases
Cancer
Arthritis
Wasting Syndrome (Cachexia)
Alzheimer's Disease
Epilepsy
Depression and Sleep Disorder
Multiple Sclerosis
Autism
Mental Health Conditions
Elevate Mood
Others
Route of Administration
Oral Solutions and Capsules
Smoking
Vaporizers
Topicals
Others
Treatment Type
Analgesic
Psychedelic
Antiviral
Aphrodisiac
Expectorant
Others
End User
Homecare Setting
Hospital
Rehab Centers
Pharmaceutical Industry
Research and Development Centers
Others
Distribution Channel
B2B
B2C
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Global Medical Cannabis Market Regional Analysis/Insights
The global medical cannabis market is segmented into nine notable segments based on product, source, species, derivatives, application, route of administration, treatment type, end user, and distribution channel.
The countries covered in this market report are U.S., Canada, and Mexico, Germany, Italy, U.K., Austria, Poland, Lithuania, Ireland, Netherlands, Norway, Switzerland, France, Russia, Spain, Hungary, Belgium, Turkey, and Rest of Europe, Australia, Thailand, South Korea, Japan, China, New Zealand, Singapore, India, Taiwan, Malaysia, Philippines, and Rest of Asia-Pacific, Brazil, Argentina, Peru, and rest of South America, Israel, South Africa, Lebanon, U.A.E., Kuwait, and rest of Middle East and Africa.
North America is expected to dominate the global medical cannabis market due to the increasing investment in medical cannabis. The U.S. is expected to dominate the North America region due to the legalization of medical cannabis use. Germany is expected to dominate the Europe region due to the increasing demand for medical cannabis in emerging markets and expansion. Australia is expected to dominate the Asia-Pacific region due to the presence of key manufacturers and advanced technological processes.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, and the impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Medical Cannabis Market Share Analysis
The global medical cannabis market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in R&D, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, and technology lifeline curve. The above data points provided are only related to the companies’ focus related to the market.
Some of the major market players operating in this market are MediPharm Labs Inc., Tilray, Aurora Cannabis, JAZZ Pharmaceuticals Inc. (GW Pharmaceuticals plc), HEXO Corp. (Zenabis Global Ltd), Cresco Labs, Peace Naturals Project Inc., CANOPY GROWTH CORPORATION, Medical Marijuana, Inc., Seed Cellar, EcoGen Biosciences, CANNABIS SEEDS USA, Seeds For Me, HUMBOLDT SEED COMPANY, Extractas, World Class Cannabis Seeds (Crop King Seeds), BARNEY'S FARM, FOLIUM BIOSCIENCES, PharmaHemp, Elixinol Global Limited, ENDOCA, Harmony, MARY’S nutritionals, LLC, Pure Ratios, Greenwich Biosciences, Inc., Upstate Elevator Supply Co., Apothecanna, BOL Pharma, and IDT Australia among others.
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MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: Global Medical Cannabis Market by Product & Procedure type
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Legal Cannabis Market - Analysis and Forecast, 2023-2027
Originally published on Technavio: Legal Cannabis Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, Canada, Australia, Germany, UK - Size and Forecast 2023-2027
The Legal Cannabis Market is expected to witness significant growth from 2023 to 2027 across regions including North America, Europe, APAC (Asia Pacific), South America, and the Middle East and Africa. Key countries contributing to this growth include the US, Canada, Australia, Germany, and the UK.
In North America, particularly in the US and Canada, the legal cannabis market is anticipated to experience robust expansion driven by factors such as increasing legalization of cannabis for medical and recreational use, growing acceptance of cannabis as a mainstream consumer product, and the emergence of a well-regulated cannabis industry. With a growing number of states and provinces legalizing cannabis for various purposes, there is a rising demand for cannabis products such as dried flower, edibles, concentrates, and topicals, driving growth in retail sales and market revenues.
Similarly, in Europe, countries like Germany and the UK are driving growth in the legal cannabis market, fueled by factors such as changing regulatory environments, increasing acceptance of medical cannabis, and growing consumer demand for CBD (cannabidiol) products. European countries are implementing regulations to facilitate access to medical cannabis for patients suffering from chronic pain, epilepsy, and other medical conditions, driving demand for pharmaceutical-grade cannabis products and treatment options. Additionally, the growing popularity of CBD-infused products such as oils, tinctures, and cosmetics is driving expansion in the consumer CBD market across Europe.
In APAC, countries like Australia are witnessing rapid growth in the legal cannabis market, driven by factors such as regulatory reforms, increasing public awareness of the medical benefits of cannabis, and growing investments in the cannabis industry. Australian companies are obtaining licenses to cultivate and produce medical cannabis for domestic and export markets, leveraging the country's favorable climate and agricultural expertise. Additionally, countries like Japan and South Korea are exploring opportunities in the legal cannabis market, with regulatory changes and growing consumer interest driving demand for medical cannabis products and research initiatives.
In South America and the Middle East and Africa regions, the legal cannabis market is also experiencing growth opportunities driven by factors such as changing attitudes towards cannabis legalization, economic incentives for cannabis cultivation and export, and increasing investments in cannabis research and development. Countries in these regions are exploring opportunities in the medical cannabis market to address healthcare challenges, create new revenue streams, and stimulate economic growth. Additionally, the growing interest in hemp-derived products such as CBD oil and textiles is driving expansion in the industrial hemp market in South America and Africa.
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Overall, the forecast period from 2023 to 2027 presents lucrative opportunities for players in the legal cannabis market to capitalize on the growing acceptance and legalization of cannabis worldwide. By offering a diverse range of cannabis products, investing in research and development, and navigating regulatory frameworks effectively, companies can drive further growth and innovation in the legal cannabis industry, shaping the future of cannabis markets across different regions and markets.
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The Europe Cannabidiol (CBD) market is projected to grow at a CAGR of around 24.57% during the forecast period, i.e., 2023-28. This is due to the rising legalization provisions related to various CBD products in various countries of the region, which are further raising the acceptance of CBD by numerous users.
#Europe Cannabidiol (CBD) market#Europe Cannabidiol (CBD) market News#Europe Cannabidiol (CBD) market growth#Europe Cannabidiol (CBD) market price
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Cannabidiol (CBD) e-Liquids Market Size, Share, forecast 2030
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Global Nutraceutical Ingredients Market Size, Share, Trends - 2027
The nutraceutical ingredients market is a dynamic and growing sector. Nutraceuticals refer to food or food products that provide health benefits beyond basic nutrition. The market for nutraceutical ingredients includes a wide range of products, such as vitamins, minerals, amino acids, antioxidants, probiotics, prebiotics, herbal extracts, and other bioactive compounds.
The global nutraceutical ingredients market size is estimated to grow from USD 185.2 billion in 2022 to USD 261.7 billion by 2027. The compound annual growth rate is 7.2%. The increasing awareness of health & wellness among the consumers and tailored products according to the needs of the targeted audience are driving factors for the growth of the nutraceutical ingredients market. The rising cost of pharmaceutical and hospital expenses are considered as luxury among majority of the population, increase the demand for nutraceutical products as they can prevent health problems.
Nutraceutical ingredients market trends:
Plant-Based and Natural Ingredients: Consumers were increasingly inclined towards plant-based and natural ingredients. Nutraceutical products derived from plants, herbs, and botanicals were gaining popularity due to their perceived health benefits and alignment with clean-label preferences.
Personalized Nutrition: The trend of personalized nutrition was gaining momentum. Companies were exploring ways to offer customized nutraceutical solutions based on individual health needs, genetic factors, and lifestyle choices.
Gut Health Focus: There was a growing emphasis on gut health, leading to increased demand for probiotics and prebiotics. Products promoting digestive health and supporting a healthy microbiome were gaining traction.
Functional Beverages: The incorporation of nutraceutical ingredients into functional beverages was on the rise. Consumers were looking for beverages that not only quench their thirst but also provide functional benefits, such as energy enhancement, immunity support, or relaxation.
CBD and Hemp-Derived Ingredients: The interest in cannabidiol (CBD) and hemp-derived ingredients was increasing. CBD was being explored for its potential therapeutic benefits, leading to the development of nutraceutical products containing these compounds.
Immune System Support: The COVID-19 pandemic heightened awareness about the importance of immune health. Nutraceuticals offering immune system support, including vitamins, minerals, and antioxidants, saw increased demand.
The Food segments by application is projected to have the highest nutraceutical ingredient market share.
Research & development on nutraceutical product have been improving innovative products and developing customized products according to the consumer requirements. Products with customized requirement and trending food products would attract more customers. Various companies have understated their customers’ needs and have developed nutraceutical products like gummies, lozenges, hard candies, malt powders, nutrient bars, and more. These products are customized according to the health benefit, according to their diet, and more. Hence, their market is estimated to gain more market share in the nutraceutical ingredient market.
The dry ingredient, by form is projected to attain the fastest market growth in the global nutraceutical ingredients market throughout the forecasted period.
New emerging technologies like encapsulation methods, have helped various companies in making a liquid format ingredient to dry format. These encapsulated ingredients can preserve its liquid ingredient without degrading with other compounds in the product formulation and can also release the compound in desired rate to the product. such technology improvements have helped various formulator, as liquid form of ingredients is mostly unstable and can degrade.
The key players in this market include such Associated British Foods Plc (UK), Arla Foods Ingredients Group P/S (Denmark), DSM (Netherland), Ingredion (US), Tate & Lyle (UK), Ajinomoto Co., Inc. (Japan), CHR Hansen Holdings A/S. (Denmark), Kyowa Hakko Bio Co., Ltd. (Japan), Glanbia Plc (Ireland), Fonterra Co. Operative Group Limited (New Zealand), Cargill Incorporated (US), ADM (US), International Flavors & Fragrances, Inc. (US), BASF SE (Germany) and Kerry Groups (Ireland). Strategic partnerships were the dominant strategy adopted by the key players, followed by expansions and new product launches. These strategies have helped them to increase their presence in different regions and industrial segments.
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Hemp Oil is estimated to witness high growth owing to relaxation in regulations
Hemp oil or Cannabidiol (CBD) oil is derived from the leaves, flower clusters, and stalks of mature hemp plants. It is known for medicinal purposes and contains antioxidants, anti-inflammatory compounds, and neuroprotective effects. CBD oil is used for reducing pain, soothing anxiety and stress, reducing inflammation, and promoting better sleep. The global hemp oil market has gained immense popularity due to the awareness about its health benefits.
The global Cannabidiol Market is estimated to be valued at US$ 323.23 Mn in 2023 and is expected to exhibit a CAGR of 4.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity:
The relaxation in regulations around the production, distribution and sale of hemp oil and its derivatives is expected to drive the market growth. Several countries and regions have legalized the cultivation and use of industrial hemp for commercial use which has opened lucrative opportunities for market players. With more countries and states adopting a lenient policy approach towards medicinal and recreational marijuana use, the cannabidiol market is poised to witness significant growth over the forecast period. This emerging regulatory environment is expected to attract new market entrants and propel innovation. Increased research and development activities around phytocannabinoids will further support the market expansion.
Porter's Analysis
Threat of new entrants: The threat of new entrants is low as Cannabidiol market is consolidated with established brands. Significant capital is required to enter and gain foothold in this market.
Bargaining power of buyers: The bargaining power of buyers is high due to availability of alternative products. Buyers can easily switch to substitutes if product quality or pricing is not up to the mark.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as quality raw materials are required and suppliers have established relationships with key players.
Threat of new substitutes: Threat of new substitutes is high as players are continuously researching and developing new delivery formats like edibles, beverages, topicals etc.
Competitive rivalry: The competitive rivalry is high due to presence of established brands fighting for market share. Players compete on product quality, pricing and innovation.
SWOT Analysis
Strength: Growing research proving medical benefits of Cannabidiol, Increasing legalization leading to rise in adoption.
Weakness: Regulatory uncertainty in some regions, knowledge gap regarding appropriate dosage.
Opportunity: Emerging markets in Asia Pacific and Latin America, New product formats attracting first time users.
Threats: Negative social perception, Strict norms hampering innovation.
Key Takeaways
The global Cannabidiol market is expected to witness high growth during the forecast period of 2023 to 2030. The market size for 2023 is $323.23 Mn and market is expected to grow at a CAGR of 4.0% during the forecast period.
Regional analysis: North America dominates the global Cannabidiol market currently due to favourable regulatory environment and growing cannabis legalization measures. The US holds the major market share in the region. Asia Pacific is expected to be the fastest growing region during the forecast period due to initiatives by governments to legalize medical cannabis in countries like Thailand, South Korea, Australia etc.
Key players: Key players operating in the Cannabidiol market are ENDOCA, Cannoid, LLC, Medical Marijuana, Inc., Folium Biosciences, Elixinol, NuLeaf Naturals, LLC, Isodiol International, Inc.,Pharmahemp d.o.o. Players compete on the basis of products quality, consistency, potency and R&D investment for new product development.
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CBD Oil Market Size| Industry Segmentation by Type, Application
The report exhaustively studies the current market scenario and prominent growth opportunities. It comprises a broad database of the CBD Oil market dynamics that help in the accurate market estimation over the projected timeline. The report also offers reliable information about the product offerings, wide application range, major market segments, leading market players, company profiles, pricing range, production capacity, revenue generation, technological advancement, and many other elements.
The global Cannabidiol (CBD) oil market size was USD 6.24 Billion in 2022 and is expected to register a rapid revenue CAGR of 16.0% during the forecast period. Rising use of CBD in the healthcare industry and product usage as a result of government approvals and increasing sales of CBD products are key factors driving market revenue growth.
The report studies the factors influencing the growth of the industry in the global CBD Oil market and offers accurate predictions about the growth pattern. The report pays special attention to the key elements of the market, such as drivers, restraints, opportunities, threats, risks, limitations, and other aspects. The report covers a comprehensive analysis of the competitive landscape with a detailed analysis of the company profiles, product portfolio, and business expansion strategies.
In the latest report from Emergen Research, the market research report discusses the global CBD Oil market in depth, and each of the major market segments is examined in depth. In addition to market information, the report provides industry statistics, regional market revenue shares, gross profits, production & distribution costs, and product portfolios related to the global CBD Oil market.
Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/2561
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The remarkable growth rate of nearly 31.3% is attributed to growing benefits of CBD in cosmetics and changing regulatory scenarios in Asia Pacific...
#adroit market research#cbd cosmetics market#cbd cosmetics market 2019#cbd cosmetics market size#cbd cosmetics market share
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