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
Increased adoption of cannabidiol for skincare products is driving the market growth in the forecast period. Cannabidiol skin care has antioxidant properties that helps in reducing the signs of aging and also have an anti-inflammatory effect on sebocytes, the skin cells that produce sebum. Due to its anti-inflammatory properties, CBD may be able to help reduce swelling, pain, and redness from existing breakouts, or irritation from skin conditions such as eczema and psoriasis. For instance, in April 2019, Folium Biosciences announced plans to launch nine active cosmeceutical and lifestyle products that will be infused with CBD in the U.S. to meet the demand for skincare products in the market.
Key features of the study:
- This report provides in-depth analysis of the global cannabidiol market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 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 market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Canopy Growth Corporation, Aphria, Inc., Aurora Cannabis, Maricann, Inc. (Wayland Group Corporation), Tilray, GW Pharmaceuticals, plc, ABcann Medicinals, Inc., Organigram Holding, Inc., Tikun Olam, The Cronos Group, ENDOCA, Isodiol International, Inc., MEDICAL MARIJUANA, INC., Cannoid, LLC, Elixinol, Folium Biosciences, NuLeaf Naturals, LLC, and Pharmahemp d.o.o.
- 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 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 market
Detailed Segmentation:
- Global Cannabidiol Market, By Product:
- Oil
- Tinctures
- Suppository
- Transdermal Patches
- Vape Oil
- Isolates
- Creams and Roll-on
- Capsules
- Tablet
- Others
- Global Cannabidiol Market, By Source Type:
- Global Cannabidiol Market, By Application:
- Medical
- Chronic Pain
- Mental Disorders
- Cancer
- Others
- Personal Use
- Pharmaceuticals
- Wellness
- Food & Beverages
- Personal Care & Cosmetics
- Nutraceuticals
- Others
- Global Cannabidiol Market, By Distribution Channel:
- Hospital Pharmacies
- Online Stores
- Retail Stores
- Global Cannabidiol Market, By Region:
- North America
- By Product
- Oil
- Tinctures
- Suppository
- Transdermal Patches
- Vape Oil
- Isolates
- Creams and Roll-on
- Capsules
- Tablet
- Others
- By Source Type
- By Application
- Medical
- Personal Use
- Pharmaceuticals
- Wellness
- By Distribution Channel
- Hospital Pharmacies
- Online Stores
- Retail Stores
- By Country
- Latin America
- By Product
- Oil
- Tinctures
- Suppository
- Transdermal Patches
- Vape Oil
- Isolates
- Creams and Roll-on
- Capsules
- Tablet
- Others
- By Source Type
- By Application
- Medical
- Personal Use
- Pharmaceuticals
- Wellness
- By Distribution Channel
- Hospital Pharmacies
- Online Stores
- Retail Stores
- By Country
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- By Product
- Oil
- Tinctures
- Suppository
- Transdermal Patches
- Vape Oil
- Isolates
- Creams and Roll-on
- Capsules
- Tablet
- Others
- By Source Type
- By Application
- Medical
- Personal Use
- Pharmaceuticals
- Wellness
- By Distribution Channel
- Hospital Pharmacies
- Online Stores
- Retail Stores
- By Country
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Product
- Oil
- Tinctures
- Suppository
- Transdermal Patches
- Vape Oil
- Isolates
- Creams and Roll-on
- Capsules
- Tablet
- Others
- By Source Type
- By Application
- Medical
- Personal Use
- Pharmaceuticals
- Wellness
- By Distribution Channel
- Hospital Pharmacies
- Online Stores
- Retail Stores
- By Country
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- By Product
- Oil
- Tinctures
- Suppository
- Transdermal Patches
- Vape Oil
- Isolates
- Creams and Roll-on
- Capsules
- Tablet
- Others
- By Source Type
- By Application
- Medical
- Personal Use
- Pharmaceuticals
- Wellness
- By Distribution Channel
- Hospital Pharmacies
- Online Stores
- Retail Stores
- By Country
- GCC
- Israel
- Rest of Middle East
- Africa
- By Product
- Oil
- Tinctures
- Suppository
- Transdermal Patches
- Vape Oil
- Isolates
- Creams and Roll-on
- Capsules
- Tablet
- Others
- By Source Type
- By Application
- Medical
- Personal Use
- Pharmaceuticals
- Wellness
- By Distribution Channel
- Hospital Pharmacies
- Online Stores
- Retail Stores
- By Country
- South Africa
- Central Africa
- North Africa
- Company Profiles
- Canopy Growth Corporation
- Company Highlights
- Type Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Aphria, Inc.
- Aurora Cannabis
- Maricann, Inc. (Wayland Group Corporation)
- Tilray
- GW Pharmaceuticals, plc.
- ABcann Medicinals, Inc.
- Organigram Holding, Inc.
- Tikun Olam
- The Cronos Group
- ENDOCA
- Isodiol International, Inc.
- MEDICAL MARIJUANA, INC.
- Cannoid, LLC
- Elixinol
- Folium Biosciences
- NuLeaf Naturals, LLC
- Pharmahemp d.o.o.
“*” marked represents similar segmentation in other categories in the respective section.