Report Ocean offers a thorough analysis of the CBD Nutraceuticals Market, including assessments of business solutions, studies and advancements, applications, advantages, benefits, and breadth. This market research study on CBD Nutraceuticals Market provides a thorough analysis and improvement of the important business producers, opportunities, difficulties, and worldwide suppliers as well as a close investigation of risks and access restrictions. Additionally, it provides a competitive analysis of the most recent technological advancements, innovations, future market potential, industry share, sales, sales generation, funding analysis, and overall business environment.
Global CBD Nutraceuticals Market is valued at approximately USD $$ million in 2021 and is anticipated to grow with a healthy growth rate of more than $$ over the forecast period 2022-2028.
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Growing consumer preference for plant-based supplements, increased awareness of the medical benefits of cannabidiol, including its therapeutic properties, legalisation of hemp-derived CBD (cannabidiol) products in various countries, and rising living standards are some of the key factors driving growth of the market. Several nutraceutical businesses are joining the CBD market, offering a diverse range of supplements and functional meals. MGC Pharma, for example, has released nutraceutical-based products in China, including CBD capsules, water-soluble CBD solution, and hemp powder. These products have quickly acquired favour among customers because they provide the medicinal advantages of cannabidiol without the intoxication.
Growing competition in the CBD nutraceuticals industry is putting pressure on firms to introduce new products and expand geographically. Aphria Inc., for example, entered the German market in April 2019 by introducing CannRelief, the company’s first cannabidiol-based nutraceuticals product line. MGC Pharmaceuticals, an Australian biopharmaceutical company, partnered with the Chinese e-commerce platform YuShop Global in April 2019 to seek entrance into the Chinese CBD nutraceuticals market. Such increased rivalry is expected to drive market expansion. Growing demand for hemp protein among athletes, bodybuilders, and vegans is likely to boost the market for cannabidiol (CBD) nutraceuticals over the forecast period. Thailand removed hemp seeds and hemp oil from the list of prohibited narcotics in September 2019 and is likely to boost the use of CBD as a health supplement in the country. However, the presence of alternatives such as the herbal nutraceuticals, such as Garcinia Cambogia, raspberry ketones, echinacea, and turmeric stifles market growth throughout the forecast period of 2022-2028.
The key regions considered for the Global CBD Nutraceuticals Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. The market was dominated by North America. The adoption of the 2018 Farm Bill, which allowed hemp cultivation and processing of hemp-derived goods, the growing number of health-conscious customers, and the presence of large manufacturers in the region are important drivers driving market expansion. Asia Pacific, on the other hand, is expected to grow at the highest rate throughout the projection period, owing to increased legalisation and encouraging rules for the use of cannabidiol-infused products in the region’s countries.
Major market player included in this report are:
Charlotte’s Web
Elixinol
Medical Marijuana Inc.
CV Sciences Inc.
Irwin Naturals
Diamond CBD
Green Roads
MEDTERRA
Isodiol
Garden of Life
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
CBD Tinctures
Capsules & Softgels
CBD Gummies
Others
By Sales Channel:
Retail Stores
Online
Pharmacies
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the Market opportunities, market risk, and market overview of this industry?
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