The Cannabidiol Market: A Comprehensive Analysis
According to recent study by MarkNtel Advisors the Global Cannabidiol Market valued at approximately USD 22.7 billion in 2023, is projected to witness a compound annual growth rate (CAGR) of around 19.21% between 2024-2030. Various factors, including market trends, size, forecasts, growth factors, challenges, and competitor assessments drive this growth.
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Cannabidiol Market Segmentation Analysis: 2024-2030
The Cannabidiol Market is segmented into:
By Application
- Medicinal Use
- Beauty & Personal Care
- Pets
- Recreational
By Product Type
- Edibles
- Flower
- Oil & Tinctures
- Pills & Capsules
- Topicals
- Others (Vape, Spray, etc.)
By Distribution Channel
- Regulated Dispensary
- Stand-Alone Retailers
- Department/Super Stores
- Online Portals
and each segment is further divided into subdivisions, providing a detailed breakdown of the market dynamics.
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Global Cannabidiol Market Trend:
Functional CBD Products Gaining Traction – As customers look for focused solutions for a range of health and wellness issues, such as stress management, pain reduction, sleep support, immune support, and skincare, functional CBD products are becoming more and more popular. Products including substances like turmeric or ginger may target inflammation and pain treatment, while CBD-infused products with additional melatonin may be promoted to induce relaxation and improve sleep quality.
Geographical Coverage of Global Cannabidiol Market
- North America
- South America
- Europe
- Asia-Pacific
- Rest of the World
North America has captured a significant market share in the Global Cannabidiol Market.
Top Leading key Players of Global Cannabidiol Market
- Aurora Cannabis Inc
- CV Sciences
- Endoca
- Cannabidiol (CBD) American Shaman
- Bluebird Botanicals
- Isodiol International
- Medical Marijuana Inc
- Elixinol
- Hemp Inc
- Canopy Growth Corporation
- Others
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Common Queries
- What is the current trajectory of cost and profit estimations in the Cannabidiol Industry?
- How do factors like supply and consumption shape the landscape of the industry?
- In what ways do import and export considerations impact the dynamics of the Cannabidiol Industry?
- Which technological advancements are anticipated to shape the future of the Cannabidiol Market?
- Who are the noteworthy players highlighted in the Cannabidiol Market research report?
- What are the anticipated USD valuations and the CAGR for the forecasted years?
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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, Saudi Arabia, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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