In-Depth Exploration of the CBD Oil and CBD Consumer Health 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 Oil and CBD Consumer Health 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 Oil & CBD Consumer Health Market is valued approximately USD 31.38 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 25.60% over the forecast period 2022-2028.
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The primary factor driving market expansion is the increase in acceptance of cannabidiol (CBD) and infused products for different medicinal and wellness objectives. Furthermore, favourable government policies, as well as increased consumer knowledge and demand for cannabidiol due to its health advantages, are driving its acceptance. Furthermore, CBD consumer health products are gaining popularity due to their health advantages and lack of psychotropic effects. The growing understanding of the health advantages provided by cannabidiol-infused goods has increased the number of consumers eager to purchase these items. Furthermore, the industry is being driven by an increase in consumer product alternatives such as nutritional supplements, analgesics, consumables, topicals, oils, and capsules. The increased public knowledge of the many health advantages afforded by cannabidiol (CBD), as well as the legality of cannabidiol oil and infused items, are driving CBD’s adoption as a consumer health product, resulting in market growth. Additioanally, the shift in consumer attitudes and perceptions toward hemp-derived cannabidiol-based products is likely to increase revenue growth throughout the forecast period. The increased consumer demand for cannabidiol-infused goods such as cannabis oil, beverages, cosmetics and skincare items, capsules, gummies, and dog treats are likely to boost the global CBD Oil And CBD Consumer Health Market.
Cannabidiol enters the body via several methods, including eating, smoking, vaping, and skin contact. In places where cannabis is legal, it is being utilized to prepare pharmaceuticals and personal care goods, encouraging business growth. 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. However, the availability of alternatives such as herbal nutraceuticals stifles market growth throughout the projection period of 2022-2028.
The key regions considered for the Global CBD Oil & CBD Consumer Health Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. The CBD oil market was controlled by North America. The primary drivers driving market expansion include rising CBD oil awareness, favourable laws, increased customer desire, and an increase in the number of producers. The legalisation of medicinal cannabis in the area, particularly in the United States, is also contributing to the rise of the CBD oil and CBD consumer health markets. Furthermore, because of partnerships with local producers, many organisations’ supply chain management is simplified. They must provide high-quality cannabis in line with federal and state rules.
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Major market player included in this report are:
- CVSciences, Inc.
- Medical Marijuana, Inc.
- CHARLOTTE’S WEB
- ENDOCA
- Isodiol
- Elixinol
- NuLeaf Naturals, LLC
- JOY Organics
- Kazmira
- Lord Jones
- Aurora Cannabis
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 Oil
CBD Consumer Health
By Distribution Channel:
Retail Stores
Online
Pharmacies
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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 Oil and CBD Consumer Health market, including:
- What can be expected for the CBD Oil and CBD Consumer Health market in the next decade?
- What are the primary drivers of growth in the global CBD Oil and CBD Consumer Health market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the CBD Oil and CBD Consumer Health market vary based on the size of the end market?
- What is the breakdown of CBD Oil and CBD Consumer Health by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the CBD Oil and CBD Consumer Health 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 Oil and CBD Consumer Health 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 Oil and CBD Consumer Health 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 Oil and CBD Consumer Health 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 Oil and CBD Consumer Health 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 Oil and CBD Consumer Health Market.
Our CBD Oil and CBD Consumer Health Market Report is a comprehensive analysis of the market, providing valuable insights for businesses looking to invest in this industry.
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