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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Cannabidiol (CBD) is a chemical in the cannabis sativa plant, also known as marijuana or hemp. Over 80 chemicals, known as cannabinoids, have been identified in the cannabis sativa plant. Out of all cannabinoids, cannabidiol is most widely used for therapeutic reasons due to the lack of psychoactive effects. In various medical applications, cannabidiol oil is used, such as anxiety and depression treatment, stress relief, diabetes prevention, pain relief, cancer symptom relief, and inflammation. Due to the increasing adoption of CBD-based products to treat ailments, the global cannabidiol market is anticipated to grow at a lucrative rate over the forecast period.

The global cannabidiol market size was estimated to be valued at US$ 3665.5 Million in 2021, and is expected to witness a CAGR of 47.3% over the forecast period (2021-2028).

The increasing demand for cannabidiol in health and fitness is expected to propel the growth of the global cannabidiol market over the forecast period.

There is a growing demand for healthy food products enriched with nutrients for achieving fitness goals and avoid injuries such as inflammation, pain, and others. Key manufacturers in the market are focusing on introducing products infused with CBD oil. CBD oil is a legal and non-psychoactive component of hemp, which can be used in various industries such as food, health products, pharmaceuticals, and beauty. For instance, according to 2018 data from the Harvard Health Institute, CBD is often used to solve various health problems such as insomnia and anxiety.

Figure 1.  Global Cannabidiol Market Value (US$ Mn) & Y-o-Y Growth (%)

Cannabidiol  | Coherent Market Insights

Global Cannabidiol Market – Regional Insights

North America dominated the market in 2020 with a revenue share of 37.3% and will continue to retain its leading position in the market. Due to a large number of health-conscious people in this region, along with growing acceptance for CBD-based products, there is a boost for CBD based products in this region. It has the highest number of CBD companies and lenient laws regarding the utilization of CBD products. In the Asia-Pacific region, due to the installation of cannabis production plants, especially in China, the market is expected to experience the fastest growth during the forecast period. China is the largest cannabis growing country in Asia, producing nearly half of the world's cannabis. Approximately 90% of the country’s products are exported to the United States, Germany, the United Kingdom, the Netherlands, and Japan, and hemp has been grown in three provinces for the extraction of cannabidiol.

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Cannabidiol Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2021: US$ 3665.5 Mn
Historical Data for: 2017 to 2019 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 47.3% 2028 Value Projection: US$ 55200.2 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Product: Oil, Tinctures, Suppository, Transdermal Patches, Vape Oil, Isolates, Creams and Roll-on, Capsules, Tablet, Others
  • By Source Type: Hemp, Marijuana
  • By Application: Medical (Chronic Pain, Mental Disorders, Cancer, Others), Personal Use, Pharmaceuticals, Wellness(Food & Beverages, Personal Care & Cosmetics, Nutraceuticals, Others)
  • By Distribution Channel: Hospital Pharmacies, Online Stores, Retail Stores 
Companies covered:

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.

Growth Drivers:
  • Increasing favorable regulations regarding the usage of cannabis and associated products globally
  • Growing awareness amongst individuals regarding the various benefits associated with cannabidiol
  • Growth in the volume of manufacturing activities of hemp
  • High levels of demands from the pharmaceutical industry with commercialization of various goods consisting of cannabidiol in the manufacturing process
Restraints & Challenges:
  • Majority of the regions still have strict regulatory presence regarding CBD usage
  • Lack of information and awareness regarding the various benefits in the developing regions of the world
  • Lack of standardizations regarding the quality of products and their manufacturing process resulting in lower quality product development 

Figure 2. Global Cannabidiol Market Share (%), By Region, 2021

Cannabidiol  | Coherent Market Insights

Global Cannabidiol Market – Impact of Coronavirus (COVID-19) Pandemic

The COVID-19 pandemic has caused unprecedented lockdowns all around the world, collapsing daily operations and changing consumer behaviors in nearly every industry. As the response to COVID-19 ramps up, several retail stores have shut down. The market started experiencing a shortage in supply due to the nationwide shutdown of transportation and manufacturing in major raw material manufacturing countries, such as China and India. In addition, due to supply chain disruptions in the U.S., the supply of other raw materials has been limited, which is disrupting the manufacturing, and in turn, the supply chain of CBD consumer health products. The Coronavirus or COVID-19 outbreak that started from Wuhan, China has spread across continents, affecting various industries globally. Supply of key materials such as probes required for interventional ablation have been severely disrupted due to forced quarantine, and imposed lockdowns in various countries, which has led to disruption in the link between warehouses. On the other hand, the existence of strict regulations and the high cost of cannabidiol products are some of the major factors limiting the growth of the market. In addition, the absence of legalization initiatives in many Asian and African countries is another main factor impeding the global cannabidiol market growth.

Global Cannabidiol Market: Restraint

Although, favorable regulations are still being presented from a variety of regions for the utilization of cannabis and associated products majority of the regions still have strict regulatory presence regarding its usage. Moreover, lack of information and awareness regarding the various benefits in the developing regions of the world such as Latin America, East Asia, Europe and others are some factors which can restrict the growth of the market.

Key Players

Major players operating in the global cannabidiol market 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.

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:
    • Hemp
    • Marijuana
  • 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
        • Hemp
        • Marijuana
      • By Application
        • Medical
        • Personal Use
        • Pharmaceuticals
        • Wellness
      • By Distribution Channel
        • Hospital Pharmacies
        • Online Stores
        • Retail Stores
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Product
        • Oil
        • Tinctures
        • Suppository
        • Transdermal Patches
        • Vape Oil
        • Isolates
        • Creams and Roll-on
        • Capsules
        • Tablet
        • Others
      • By Source Type
        • Hemp
        • Marijuana
      • 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
        • Hemp
        • Marijuana
      • 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
        • Hemp
        • Marijuana
      • 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
        • Hemp
        • Marijuana
      • 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
        • Hemp
        • Marijuana
      • 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.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snapshot, By Product
      • Market Snapshot, By Source Type
      • Market Snapshot, By Application
      • Market Snapshot, By Distribution Channel
      • Market Snapshot, By Region
      • Market Opportunity Map
  3. Global Cannabidiol Market Insights
    • Drivers
    • Restraints
    • Opportunity
    • Impact Analysis
    • Raw Material Trends
    • Key Developments
    • Regulatory Scenario
    • Mergers & Acquisitions
    • Value Chain Analysis
    • PEST Analysis
    • Porter's Analysis
  4. Global Cannabidiol Market- Impact of Coronavirus (Covid-19) Pandemic
    • Economic Impact
    • COVID-19 Epidemiology
    • Impact of COVID-19 on Supply chain
  5. Global Cannabidiol Market, By Product, 2017 – 2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2018 – 2028
      • Segment Trends
    • Oil
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028 (US$ Million)
    • Tinctures
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028 (US$ Million)
    • Suppository
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028 (US$ Million)
    • Transdermal Patches
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028 (US$ Million)
    • Vape Oil
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028 (US$ Million)
    • Isolates
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028 (US$ Million)
    • Creams and Roll-on
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028 (US$ Million)
    • Capsules
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028 (US$ Million)
    • Tablet
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028 (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028 (US$ Million)
  6. Global Cannabidiol Market, By Source Type, 2017 – 2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2018 – 2028
      • Segment Trends
    • Hemp
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028 (US$ Million)
    • Marijuana
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028 (US$ Million)
  7. Global Cannabidiol Market, By Application, 2017 – 2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2018 – 2028
      • Segment Trends
    • Medical
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028 (US$ Million)
        • Chronic Pain
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Million)
        • Mental Disorders
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Million)
        • Cancer
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Million)
        • Others
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Million)
    • Personal Use
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028 (US$ Million
    • Pharmaceuticals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028 (US$ Million)
    • Wellness
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028 (US$ Million)
        • Food & Beverages
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Million)
        • Personal Care & Cosmetics
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Million)
        • Nutraceuticals
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Million)
        • Others
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2017–2028, (US$ Million)
  8. Global Cannabidiol Market, By Distribution Channel, 2017 – 2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2018 – 2028
      • Segment Trends
    • Hospital Pharmacies
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028 (US$ Million)
    • Online Stores
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028 (US$ Million)
    • Retail Stores
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028 (US$ Million)
  9. Global Cannabidiol Market, By Region, 2017 – 2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2018 – 2028
      • Region at Trends
    • North America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth,  By Source Type, 2017–2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth,  By Application, 2017–2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast By Value, and Y-o-Y Growth, By Country, 2017–2028, (US$ Million)
        • U.S.
        • Canada
    • Latin America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth,  By Source Type, 2017–2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth,  By Application, 2017–2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast By Value, and Y-o-Y Growth, By Country, 2017–2028, (US$ Million)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth,  By Source Type, 2017–2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth,  By Application, 2017–2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast By Value, and Y-o-Y Growth, By Country, 2017–2028, (US$ Million)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth,  By Source Type, 2017–2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth,  By Application, 2017–2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast By Value, and Y-o-Y Growth, By Country, 2017–2028, (US$ Million)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth,  By Source Type, 2017–2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth,  By Application, 2017–2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast By Value, and Y-o-Y Growth, By Country, 2017–2028, (US$ Million)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth,  By Source Type, 2017–2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth,  By Application, 2017–2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast By Value, and Y-o-Y Growth, By Country, 2017–2028, (US$ Million)
        • South Africa
        • Central Africa
        • North Africa
  10. Competitive Snapshot
    • Canopy Growth Corporation
      • Company Highlights
      • Type Portfolio
      • Key Highlights
      • Financial Performance
      • Market Strategies
    • Aphria, Inc.
      • Company Highlights
      • Type Portfolio
      • Key Highlights
      • Financial Performance
      • Market Strategies
    • Aurora Cannabis
      • Company Highlights
      • Type Portfolio
      • Key Highlights
      • Financial Performance
      • Market Strategies
    • Maricann, Inc. (Wayland Group Corporation)
      • Company Highlights
      • Type Portfolio
      • Key Highlights
      • Financial Performance
      • Market Strategies
    • Tilray
      • Company Highlights
      • Type Portfolio
      • Key Highlights
      • Financial Performance
      • Market Strategies
    • GW Pharmaceuticals, plc.
      • Company Highlights
      • Type Portfolio
      • Key Highlights
      • Financial Performance
      • Market Strategies
    • ABcann Medicinals, Inc.
      • Company Highlights
      • Type Portfolio
      • Key Highlights
      • Financial Performance
      • Market Strategies
    • Organigram Holding, Inc.
      • Company Highlights
      • Type Portfolio
      • Key Highlights
      • Financial Performance
      • Market Strategies
    • Tikun Olam
      • Company Highlights
      • Type Portfolio
      • Key Highlights
      • Financial Performance
      • Market Strategies
    • The Cronos Group
      • Company Highlights
      • Type Portfolio
      • Key Highlights
      • Financial Performance
      • Market Strategies
    • ENDOCA
      • Company Highlights
      • Type Portfolio
      • Key Highlights
      • Financial Performance
      • Market Strategies
    • Isodiol International, Inc.
      • Company Highlights
      • Type Portfolio
      • Key Highlights
      • Financial Performance
      • Market Strategies
    • MEDICAL MARIJUANA, INC.
      • Company Highlights
      • Type Portfolio
      • Key Highlights
      • Financial Performance
      • Market Strategies
    • Cannoid, LLC
      • Company Highlights
      • Type Portfolio
      • Key Highlights
      • Financial Performance
      • Market Strategies
    • Elixinol
      • Company Highlights
      • Type Portfolio
      • Key Highlights
      • Financial Performance
      • Market Strategies
    • Folium Biosciences
      • Company Highlights
      • Type Portfolio
      • Key Highlights
      • Financial Performance
      • Market Strategies
    • NuLeaf Naturals, LLC
      • Company Highlights
      • Type Portfolio
      • Key Highlights
      • Financial Performance
      • Market Strategies
    • Pharmahemp d.o.o.
      • Company Highlights
      • Type Portfolio
      • Key Highlights
      • Financial Performance
      • Market Strategies
  11. Section
    • Research Methodology
    • About us

*Browse 44 market data tables and 42 figures on "Cannabidiol Market” - Global forecast to 2028

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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