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The global Cannabidiol Market size is predicted to reach USD 105.5 billion with a CAGR of 34.9% by 2030.
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Cannabidiol Market The global Cannabidiol Market is predicted to reach USD 105.5 billion with a CAGR of 34.9% by 2030 Cannabidiol (CBD) emerged as a highly sought-after compound in various industries due to its unique qualities. The gradual legalization of cannabis and CBD products in many countries and states as governments revise their regulations to permit the sale and use of CBD to consumers is driving the growth of the CBD market. North America holds the dominant share of the cannabis market Europe is expected to exhibit a steady rise in the cannabis market Next Move Strategy Consulting
Agenda • Market Overview • Market Segmentation • Regional Analysis • Key Market Players • Key Highlights Next Move Strategy Consulting
Market Overview • The intersection of legal shifts towards cannabis acceptance and ongoing research into potential health benefits has fueled its popularity, prompting its integration into pharmaceuticals, skincare, and even food and beverage items. • The rising focus on health and wellness, coupled with the increasing preference for CBD products in managing several medical conditions including pain relief, reducing anxiety and depression, and alleviating sleep disorders is further accelerating the growth of the market. • Limited consumer awareness and education regarding CBD’s healthcare benefits are the negative perceptions of CBD among the general public. They are anticipated to hinder the market's growth in the forecast period. Next Move Strategy Consulting
Market Segmentation • By Form • Solid • Liquid • By Source Type • Hemp • Marijuana • By Route of Administration • Tincture • Capsules • Inhalation • Aerosol Spray • By Product Type • Food Grade • Therapeutic Grade • By Application • Neurogenerative Disorder • Fibromyalgia • Diabetes • Protein Bars • Energy Drinks • By End User • Food & Beverages • Pharmaceuticals • Pet Care • Cosmetics • Others Next Move Strategy Consulting
Regional Analysis • North America • U.S • Canada • Mexico • Asia-Pacific • China • India • Japan • South Korea • Australia • Rest of Asia-Pacific • RoW • UAE • Saudi Arabia • South Africa • Brazil • Remaining Countries • Europe • The UK • Germany • France • Italy • Spain • Denmark • Netherlands • Finland • Sweden • Norway • Russia Next Move Strategy Consulting
Key Market Players • Folium Biosciences • Aphria Inc • Green Roads of Florida • Freedom Leaf Inc • Elixinol Global Limited LLC • CBD Health Solutions • CV Sciences • Isodiol International Inc • Canopy Growth Corporation • Medical Marijuana Inc • NuLeaf Naturals LLC • ENDOCA • Ananda Developments • Biophore India Pharmaceuticals • CB21 Pharma Next Move Strategy Consulting
Key Highlights • Product Variety: The market offers a wide range of CBD products, including oils, tinctures, edibles, capsules, topicals, and beverages, catering to diverse consumer preferences. • Health Benefits: CBD is recognized for its potential therapeutic benefits, including pain relief, anxiety reduction, anti-inflammatory properties, and treatment of neurological disorders like epilepsy. • Consumer Demographics: The market is expanding across various age groups, with significant uptake among millennials and older adults seeking natural alternatives for health management. • Innovation and Investment: Continuous innovation in product formulations and delivery methods, coupled with substantial investments from both new entrants and established companies, are enhancing market dynamics. Next Move Strategy Consulting
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