Cannabidiol Consumer Health Market

Cannabidiol (CBD) is a compound commonly found in hemp and marijuana plants, this extract is found to be effective against numerous disorders such as chronic pain, neurological pain, anxiety, sleep disorder, as well as nausea and stress. Hence, cannabidiol is gaining widespread popularity across various regions. This extract consists approximately 40% of the entire plant and it is known to not cause any dependence effects on the human body. CBD is found naturally in marijuana plants. Though the oil is derived from marijuana, it does not have any harmful effects like any other product derived from cannabis. CBD oil is also showing positive results in treating various health disorders such as Alzheimer’s disease, multiple sclerosis, Parkinson’s disease, and others.

Market Dynamics:

CBD-infused products have become the latest trend across the world. Increasing awareness about the medical benefits of CBD-infused products is leading to an increase in the number of people willing to buy these products, irrespective of cost and this is expected to augment the growth of the global cannabidiol (CBD) consumer health market during the forecast period.

In the Asia Pacific region, several nutraceutical companies are now offering a wide variety of supplements and functional foods in various forms. For instance, an Australian company—MGC Pharma—launched its CBD nutraceutical-product line, including CBD capsules, water-soluble CBD solutions, and hemp powder, in China. These products have gained significant acceptance among consumers within a short span, as they offer health benefits of CBD without any psychoactive effects. In addition, the demand for hemp-derived CBD products is increasing due to the legalization of hemp in various countries in the Asia Pacific region.

Key features of the study:

• This report provides in-depth analysis of the global cannabidiol (CBD) consumer health market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global cannabidiol (CBD) consumer health market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include CV Sciences, Inc., Medical Marijuana, Inc., AXIM-Biotechnologies, Inc., Charlotte's Web, Endoca, Isodiol International Inc., Elixinol, Folium Biosciences, NuLeaf Naturals, LLC, Cannoid, LLC, among others.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global cannabidiol (CBD) consumer health market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global cannabidiol (CBD) consumer health market.

Detailed Segmentation:

• Global Cannabidiol (CBD) Consumer Health Market, By Products:
  • Medical OTC Products Targeted Therapy
    • Analgesics
    • Dermatology
    • Mental Health
    • Sleeping Aids
    • Others
  • Nutraceuticals
    • CBD Vitamins and Dietary Supplements (VDS)
    • CBD Sports Nutrition
    • CBD Weight Management and Wellbeing
• Global Cannabidiol (CBD) Consumer Health Market, By Distribution Channel:
  • Online Stores
  • Retail Pharmacies
  • Retail Stores
• Global Cannabidiol (CBD) Consumer Health Market, By Geography:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • CV Sciences, Inc.
  • Medical Marijuana, Inc.
  • AXIM-Biotechnologies, Inc.
  • Charlotte's Web
  • Endoca
  • Isodiol
  • Elixinol
  • Folium Biosciences
  • Cannoid, LLC