Global Cannabidiol CBD Market By Overview
Cannabidiol (CBD) Market was valued at US$ 7.2 Billion in 2024 and is projected to grow at a CAGR of 10.30%to reach US$ 17.5 Billion by 2034.
[PDF] Cannabidiol (CBD) is a naturally occurring compound found in the cannabis plant. It belongs to a group of chemical compounds called cannabinoids. While CBD shows potential, it is not a miracle cure, and its effects can vary from person to person. It's advisable to consult with a healthcare professional before using CBD, especially if you have any underlying medical conditions or are taking other medications.
Cannabidiol (CBD) has gained significant acceptance and recognition worldwide. Many countries and states have legalized the production, sale, and use of CBD products to varying extents. As more regions embrace CBD and implement favorable regulations, it is likely to lead to an expansion of the market. Further, as people seek natural alternatives for wellness and explore non-pharmaceutical options, Cannabidiol (CBD) has emerged as a popular choice and therefore, this rising awareness and interest among consumers are expected to drive Cannabidiol (CBD) Market growth.
Global Cannabidiol CBD Market By Dynamics
Increasing Acceptance and Legalization
Growing knowledge of Cannabidiol’s (CBD) potential health advantages and its non-intoxicating properties has assisted in destigmatizing the plant. The way everyone views Medical Cannabis and CBD has changed significantly over time. As a result, more people are open to exploring CBD as a natural wellness option, leading to increased acceptance and Cannabidiol (CBD) Market growth.
Rising Consumer Demand for Natural and Holistic Remedies
Increased consumer knowledge and interest in CBD have been facilitated by the growth of social media platforms and influencer cultures. The demand for natural medicines like CBD has increased as a result of influencers and regular people talking about their positive experiences using CBD. Also, many consumers are increasingly seeking natural alternatives to conventional Pharmaceutical products. This shift is driven by a desire for products that are perceived as safer, more sustainable, and aligned with a holistic approach to health and wellness. CBD, being derived from a plant source, fits well within this preference for natural remedies.
Restrains:
While there is a growing body of research on CBD, there is still a need for more comprehensive studies to understand its long-term effects, optimal dosages, and potential drug interactions. Limited scientific evidence can create skepticism among consumers and healthcare professionals, potentially impacting Cannabidiol (CBD) Market growth.
Global Cannabidiol CBD Market By Segmentation
Cannabidiol (CBD) Market is segmented based on Source, Application, Distribution Channel and Region.
Source Insight
On the basis of Source, Cannabidiol (CBD) Market is segmented into Hemp and Marijuana. Hemp is expected to dominate the target market growth as Hemp is a variety of the Cannabis sativa plant that is specifically cultivated for industrial purposes. It is characterized by its low THC (tetrahydrocannabinol) content, the psychoactive compound responsible for the "high" associated with marijuana. Hemp plants contain higher levels of CBD and other non-intoxicating cannabinoids.
Application Insights
On the basis of Application, Cannabidiol (CBD) Market is segmented into Pharmaceuticals, Cosmetics & Personal Care, Food & Beverages, and Others. Pharmaceuticals are expected to dominate the target market growth as CBD has gained significant attention in the pharmaceutical industry due to its potential therapeutic properties. The U.S. Food and Drug Administration (FDA) has approved a CBD-based medication called Epidiolex for the treatment of certain forms of epilepsy.
Distribution Channel Insights
On the basis of Distribution Channel, Cannabidiol (CBD) Market is segmented into Online Stores, Retail Pharmacies, Hospitals, and Others. Retail Pharmacies are expected to dominate target market growth as in retail pharmacies, both traditional brick-and-mortar stores and online pharmacies, are another common distribution channel for CBD products. As CBD gains acceptance and regulations allow for its sale, many pharmacies are expanding their product offerings to include CBD.
Regional Insights:
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
On the basis of region the Cannabidiol (CBD) Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North American region, specifically the United States, is estimated to witness a significantly high revenue share in the Cannabidiol (CBD) market. The United States has experienced significant developments in the legalization of CBD.
Report Scope:
|
Attribute |
Details |
|
Base year for estimation |
2023 |
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Forecast period |
2024 – 2034 |
|
Market representation |
Revenue in USD Billion & CAGR from 2024 to 2034 |
|
Market Segmentation |
By Source - Hemp and Marijuana By Application - Pharmaceuticals, Cosmetics & Personal Care, Food & Beverages, and Others By Distribution Channel - Online Stores, Retail Pharmacies, Hospitals, and Others |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Cannabidiol (CBD) Market report based on Source, Application, Distribution Channel and Region:
Cannabidiol (CBD) Market, By Source:
- Hemp
- Marijuana
Cannabidiol (CBD) Market, By Application:
- Pharmaceuticals
- Cosmetics & Personal Care
- Food & Beverages
- Others
Cannabidiol (CBD) Market, By Distribution Channel:
- Online Stores
- Retail Pharmacies
- Hospitals
- Others
Cannabidiol (CBD) Market, By Region:
-
-
- North America
-
- U.S.
- Canada
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- North America
-
Global Cannabidiol CBD Market By Key Players
The key players operating the Cannabidiol (CBD) Market includes, Cannoid, LLC, Mary's Medicinals, Medical Marijuana, Inc., Canopy Growth Corporation, Elixinol LLC, NuLeaf Naturals, LLC, Aphria Inc., Folium Biosciences, Aphria, Inc., ENDOCA, Isodiol International, Inc., and CV Sciences, Inc.
Global Cannabidiol CBD Market By Key Issues Addressed
Recent Development:
- In May 2023, Naka launched all- natural CBD water as a substitute for alcoholic drinks. The drink, which aims to promote relaxation and lower alcohol consumption, and has 30 mg equivalent CBD per can. The company worked with the French graphics team at Ardagh Metal Packaging to make the can's artwork, which was created by illustrator Jason Lyon.
- In September 2022, BASF launched a product ComfortBD which is a high-quality, fully traceable CBD ingredient grown in United States. It’s extracted using subcritical CO2. In-depth in vitro and in vivo research conducted by the company to support the product introduction showed substantial improvements in the appearance of glossy, oily skin as well as red and irritated skin while also enhancing the skin barrier.
- In October 2021, Karma Water is expanding its line of wellness and probiotic drinks by collaborating with Canadian cannabis industry powerhouse Canopy Growth to launch a new CBD water. The launch of Karma CBD Water on the market demonstrates the value of working together among startup companies with various consumer value propositions inside the ecosystem in which the three brands operate.
Global Cannabidiol CBD Market By Company Profile
- Cannoid, LLC *
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Mary's Medicinals
- Medical Marijuana, Inc.
- Canopy Growth Corporation
- Elixinol LLC
- NuLeaf Naturals, LLC
- Aphria Inc.
- Folium Biosciences
- Aphria, Inc.
- ENDOCA
- Isodiol International, Inc.
- CV Sciences, Inc.
“*” marked represents similar segmentation in other categories in the respective section
Global Cannabidiol CBD Market By Table of Contents
Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Source
- Market Snippet, By Application
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
- Opportunity Map Analysis
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Cannabidiol (CBD) Market, By Source, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Hemp
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Marijuana
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Cannabidiol (CBD) Market, By Application, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Pharmaceuticals
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Cosmetics & Personal Care
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Food & Beverages
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Cannabidiol (CBD) Market, By Distribution Channel, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Online Stores
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Retail Pharmacies
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Hospitals
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Cannabidiol (CBD) Market, By Region, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Source, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Distribution Channel, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Source, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Distribution Channel, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Source, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Distribution Channel, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Source, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Distribution Channel, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Source, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Distribution Channel, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- Cannoid, LLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Mary's Medicinals
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Medical Marijuana, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Canopy Growth Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Elixinol LLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- NuLeaf Naturals, LLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Aphria, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Folium Biosciences
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Aphria, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- ENDOCA
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Cannoid, LLC
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- Section
- Research Methodology
- About Us
- Contact
FAQs
The Cannabidiol (CBD) Market is segmented into Source, Application, Distribution Channel and Region.
Cannabidiol (CBD) Market is driven by factors like increasing acceptance and legalization and rising consumer demand for natural and holistic remedies.
By region, the Cannabidiol (CBD) market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is estimated to witness a significantly high revenue share over the forecast period.
The key players operating the Cannabidiol (CBD) Market includes, Cannoid, LLC, Mary's Medicinals, Medical Marijuana, Inc., Canopy Growth Corporation, Elixinol LLC, NuLeaf Naturals, LLC, Aphria Inc., Folium Biosciences, Aphria, Inc., ENDOCA, Isodiol International, Inc., and CV Sciences, Inc.
Cannabidiol (CBD) Market accounted for US$ 5.18 billion in 2022 and is estimated to be US$ 30.1 billion by 2032 and is anticipated to register a CAGR of 18.1%.