DUBLIN, July 29, 2022 /PRNewswire/ — 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 to 2026” the report has been added to the ResearchAndMarkets.com offering.
In 2021, the global CBD market was estimated 4.2 billion dollars. The market is expected to arrive 12.64 billion dollars by 2026. Increasing regulatory approvals are one of the major drivers of the market. The CBD market is expected to grow at a CAGR of 25.53% during the forecast period 2022-2026.
Market Segmentation Analysis:
By Product: The report identifies eleven segments based on product: oil, tinctures, capsules, cream and roll-on, isolates, transdermal patches, suppositories, CBD inhalers, vape oil, tablets and others. By Source: The report includes bifurcation of the market into two segments based on source: Marijuana and Hemp. By End User: Based on the end user, the market is divided into two segments: medical and other end users. By Distribution Channel: The report bifurcates the market into two segments on the basis of distribution channel: Online and Offline By Region
Global CBD Market Dynamics:
Growth factors
Rising Millennial Population Increasing Government Approvals of CBD Products Growing Application of CBD in the Skin Care Industry Increasing Prevalence of Chronic Pain
challenges
Availability of duplicate and synthetic products Lack of awareness among consumers
Market trends
Increase in online sales of cannabidiol (CBD) Use of Blockchain technology Increase in demand for natural products Expansion of research areas Increase in demand for ingestible products
The major players in 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. Analysis of the regional market
5. Impact of COVID-19
6. Market dynamics
7. Competitive landscape
For more information on this report, visit
Contact with the media:
Research and Markets
Laura WoodSenior Manager
[email protected]
For EST office hours, call +1-917-300-0470
For US/CAN call toll free at +1-800-526-8630
For GMT office hours, call +353-1-416-8900
US Fax: 646-607-1907
Fax (outside US): +353-1-481-1716
SOURCE Research and markets