Global Cannabidiol (CBD) Market Report 2022

DUBLIN – The “Global Cannabidiol (CBD) Market: Analysis By Product, By Source, By End User, By Distribution Channel, By Region Size and Trends with Impact of COVID-19 and Forecast up to 2026” report has been added to ResearchAndMarkets.com’s offering.

In 2021, the global CBD market was valued at US$4.20 billion. The market is projected to reach US$12.64 billion by 2026. The growing regulatory approvals is a major driver of the market. The CBD market is expected to grow at a CAGR of 25.53% during the forecast period of 2022-2026.

Market Segmentation Analysis:

• By Product: The report identifies eleven segments on the basis of product: Oil, Tinctures, Capsules, Cream and roll on, Isolates, Transdermal Patches, Suppository, CBD Inhalers, Vape oil, Tablet and Others.
• By Source: The report includes bifurcation of the market into two segments on the basis of source: marijuana and hemp.
• By End User: On the basis of end user, the market is divded into two segments: medical and other end users.
• By Distribution Channel: The report includes bifurcation of the market into two segments on the basis of distribution channel: online and offline
• By Region

Global CBD Market Dynamics:

Growth Drivers

• Increasing millennial Population
• Rising Government Approvals of CBD Products
• Growing Application of CBD in Skincare Industry
• Increasing Prevalence of Chronic Pain

Challenges

• Availability of Duplicate & Synthetic Products
• Lack of Awareness Among Consumers

Market Trends

• Rising Online sales of Cannabidiol (CBD)
• Use of Blockchain Technology
• Rising Demand for Natural Products
• Expanding Research Areas
• Rising Demand for Ingestible Products

Key players of the global CBD market are:

• Canopy Growth Corporation
• Elixinol Wellness Limited
• Jazz Pharmaceuticals PLC
• High Tide Inc. (NuLeaf Natural LLC)
• CV Sciences Inc.
• Tilray Brand Inc.
• Medical Marijuana, Inc.
• Aurora Pharmaceutical, Inc.
• Medterra
• Endoca
• Isodiol International Inc.
• CBD American Shaman

Key Topics Covered:

1. Executive Summary

2. Introduction

3. Global Market Analysis

4. Regional Market Analysis

5. Impact of COVID-19

6. Market Dynamics

7. Competitive Landscape

(This information is primarily sourced from Research and Markets.  Highly Capitalized has neither approved nor disapproved the contents of this news release. Read our Disclaimer here).