Global cannabidiol (CBD) market is expected to reach to USD 17,345.80 Million by 2026 at a CAGR of 36.3% during the forecast period 2019-2026. Adoption of various cannabis products along with the growing consumers spending on cannabis products has spurred the growth of the market.
Cannabidiol (CBD) is a naturally occurring compound obtained from cannabis plants. It is a 21-carbon terpenophenolic compound which is formed by the following decarboxylation from a cannabidiolic acid precursor. Cannabidiol (CBD) holds an array of therapeutic benefits, such as antioxidant and neuroprotective properties. It is a pharmacologically broad-spectrum drug that has gained attention as a treatment for a varied range of anxiety-related disorders and also useful for the treatment of other medical conditions.
Global Cannabidiol (CBD) Market Key Findings:
All the segments have been analysed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment.
The cannabidiol (CBD) market is segmented on the basis of product and application.
Regional Segmentation Analysis:
The regions analysed for the market include North America, Europe, Asia Pacific, South America, and Middle East and Africa. North America region dominated the global cannabidiol (CBD) market with USD 617.86 Million in 2018 where as the Asia Pacific region is growing rapidly in the market.
Global Cannabidiol (CBD) Market Competitive Analysis:
Key players in the Cannabidiol (CBD) market are Aurora Cannabis, Canopy Growth Corporation, CBD American Shaman, CV Sciences, Inc., Elixinol, Folium Biosciences, Gaia Botanicals LLC, IRIE CBD, Isodiol International Inc, NuLeaf Naturals, LLC., Pharmahemp d.o.o., and among others. For instance, in Feb 2018, Marijuana Company of America (MCOA) launched its hempSMART Full Spectrum Pet Drops with specially formulated product containing naturally occurring CBD derived from hemp seed oil, full spectrum hemp extract, and fractionated coconut oil, along with a rich bacon flavor.
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This study forecasts revenue and volume growth at global, regional, and country levels from 2016 to 2026. Fior Market Research has segmented the global cannabidiol (CBD) market on the basis of below mentioned segments:
Global Cannabidiol (CBD) Market, By Product:
Global Cannabidiol (CBD) Market, By Application:
Global Cannabidiol (CBD) Market, By Regions:
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