In-Depth Exploration of the CBD Nutraceuticals Market: Enriching Industry Understanding, Envisioning Trends, Evaluating Growth Catalysts, and Forecasting Advancements from 2023 to 2030.
Report Ocean has recently released a comprehensive research report on the global CBD Nutraceuticals Market. The report offers a detailed analysis of various market characteristics, such as size, growth, segmentation, regional and country breakdowns, competitive environment, market shares, trends, and strategies. It also provides insights into the impact of the COVID-19 pandemic on the market.
Global CBD Nutraceuticals Market is valued approximately USD 6.37 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 18.80% 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
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This report covers several key questions related to the global CBD Nutraceuticals market, including:
- What can be expected for the CBD Nutraceuticals market in the next decade?
- What are the primary drivers of growth in the global CBD Nutraceuticals market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the CBD Nutraceuticals market vary based on the size of the end market?
- What is the breakdown of CBD Nutraceuticals by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the CBD Nutraceuticals market?
The Key Points Covered in the Table of Contents:
Overview: This section provides a concise summary of the report, offering a high-level understanding of the global CBD Nutraceuticals Market. It serves as an introduction, providing insights into the nature and contents of the research study.
Market Analysis: The research study accurately and reliably forecasts the market share of key segments within the CBD Nutraceuticals Market. This analysis enables industry participants to make strategic investments in the significant growth areas of the Food Container Market.
Analysis of Leading Players’ Strategies: Market participants can utilize this report to gain a competitive advantage over their rivals in the CBD Nutraceuticals Market. It offers an in-depth analysis of the strategies employed by leading players, enabling others to develop effective strategies and stay ahead in the market.
Regional Growth Analysis: The report covers all major regions and countries relevant to the CBD Nutraceuticals Market. The regional analysis facilitates market players in identifying untapped regional markets, devising unique regional strategies, and comparing the growth patterns across different regions.
Market Forecasts: Purchasers of this report gain access to precise and validated estimations of the overall market size in terms of both value and volume. The study also includes comprehensive forecasts for consumption, production, sales, and other pertinent factors related to the CBD Nutraceuticals Market.
Our CBD Nutraceuticals Market Report is a comprehensive analysis of the market, providing valuable insights for businesses looking to invest in this industry.
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