Global Cannabidiol Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Cannabidiol market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region.
The global cannabidiol market size was US$ 7.9 billion in 2021. The global cannabidiol market is forecast to grow to US$ 41.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 19.8% during the forecast period from 2022 to 2030.
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Factors Influencing the Market
Cannabidiol (CBD) has various medical applications. It is also used in supplements, beverages, and skincare products. The growing demand for these products will ultimately drive the growth of the cannabidiol market during the forecast period. Apart from that, growing prevalence of diseases will upsurge the need for effective treatment options. As a result, it will be opportunistic for the global cannabidiol market during the forecast period.
Rising R&D activities aimed at expanding the use of cannabidiol will also benefit the cannabidiol market during the analysis period. Apart from that, the pharmaceutical sector is growing rapidly across the globe. CBD is also used in the treatment of Parkinson’s, chemotherapy-related vomiting and nausea, persistent pain conditions, and other ailments. Thus, it will benefit the Cannabidiol market during the study period.
The legalization of cannabidiol is expected to bring untapped growth opportunities for the overall market. On the flip side, the availability of a high range of duplicate & synthetic products may limit the growth of the market.
Regional Analysis
North America is forecast to hold the highest share in the global cannabidiol market due to the rising legalization of medical cannabis in independent states of the U.S. Further, rising awareness related to the medicinal benefits of cannabidiol will fuel the growth of this regional market. The market may also record significant growth due to the factors like rising prevalence of diseases and the growing cultivation and sale of both CBD and THC potent marijuana.
The Asia-Pacific cannabidiol market is forecast to record notable growth due to the establishment of hemp manufacturing plants, especially in China. China is expected to emerge as Asia’s largest hemp farm as it cultivates nearly half of the world’s hemp output. Further, the presence of a wide range of personal care and cosmetics manufacturers in the region will drive the growth of the cannabidiol market. Apart from that, the region is home to one of the largest pharmaceutical industries, which will drive the growth of this market.
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COVID-19 Impact Analysis
The COVID-19 pandemic significantly triggered investments in the pharmaceuticals sector. As a result, it has been beneficial for the cannabidiol market. The pandemic highlighted the need to improve the healthcare and medical infrastructure. In addition, R&D activities were triggered in the medical sector. Thus, the pandemic positively influenced the cannabidiol market.
Competitors in the Market
? ENDOCA
? Isodiol International Inc.
? Medical Marijuana Inc.
? Cannoid LLC
? Elixinol
? Folium Biosciences
? NuLeaf Naturals LLC
? Pharmahemp d.o.o.
? Other Prominent Players
Market Segmentation
The global cannabidiol market segmentation focuses on Source, Distribution Channel, End-User, and Region.
By Source Type:
? Hemp
? Marijuana
By Distribution Channel:
? B2B
? B2C
o Hospital Pharmacies
o Online
o Retail Stores
By End User:
? Medical
o Chronic Pain
o Mental Disorders
o Cancer
o Others
? Personal Use
? Pharmaceuticals
? Wellness
? Food & Beverages
? Personal Care & Cosmetics
? Nutraceuticals
? Others
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By Region
�?� North America
o The U.S.
o Canada
o Mexico
�?� Europe
Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
�?� Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
�?� Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
�?� South America
o Brazil
o Argentina
o Rest of South America
What is the goal of the report?
? The market report presents the estimated size of the market at the end of the forecast period. The report also examines historical and current market sizes.
? During the forecast period, the report analyzes the growth rate, market size, and market valuation.
? The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
? The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance
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