The recent Global Cannabidiol Market report by Value Market Research mentions that this market will reach approx. USD 10.28 BN by 2025. It was valued USD 1.39 BN in 2018. The report foresees a steady 33% CAGR from 2019 till 2025. The report covers Cannabidiol (CBD) market size, its growth forecast along with a detailed analyses of the cannabidiol manufacturers/leading market players. This is one of the naturally occurring substances found in cannabis plants. Cannabidiol (CBD) possesses an array of therapeutic benefits, such as antioxidant and neuroprotective properties. This is a pharmacologically broad-spectrum drug that has recently drawn interest as a treatment for varied range of anxiety-related disorders and also useful for the treatment of other medical conditions.
The advent of various cannabis products in the market along with the rising consumers spending on cannabis products is likely to augment the industry expansion as per this study. Recent approval of pharmaceutical CBD for pain treatment in cancer patients and epidiolex is expected to raise the market growth over the forecast timeline in this market study. Preclinical research has shown that CBD possess anticonvulsant and neuroprotective effects which is also expected to raise the demand for cannabidiol products. Furthermore, the cannabis products help to improve mental and behavioral health, quality of sleep, seizure incidence, hence they are proved to be a reliever for many health-related issues which is contributing towards the sales boom.
The report "Global Cannabidiol Market Report By Product (Food Grade And Therapeutic Grade), By Application (Neurogenerative Disorder, Fibromyalgia, Diabetes, And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2018-2025” cover comprehensive assessment of the most important market dynamics.
In the report, the market segmentation has been done on the basis of product, application, and regions. By-product the market has been classified as food grade and therapeutic grade. The therapeutic grade is dominating the segment owing to its health benefits that aid in the treatment of neuropsychiatric disorders. CBD also has the potential to treat other chronic disorder which is also expected to propel the product demand. By application, the market has been segregated into neurogenerative disorder, fibromyalgia, diabetes, and others. Out of which, Fibromyalgia is leading the segment owing to the rising incidence of the physiological disorder among people especially young adults.
Regionally, the market has been studied across North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America is dominating the market on the account of the wide availability of marijuana-derived CBD product in the region. Also, shifting consumers preferences towards ingesting edibles and vapes products are further driving regional market growth.
The Report Segments Global Cannabidiol Market -
Players Profiled In The Report:
Aurora Cannabis, Canopy Growth Corporation, CBD American Shaman, CV Sciences (CV Sciences, Inc.), Elixinol, Folium Biosciences, Gaia Botanicals (Gaia Botanicals LLC), IRIE CBD, Isodiol (Isodiol International Inc), NuLeaf Naturals (NuLeaf Naturals, LLC.) and PharmaHemp (Pharmahemp d.o.o.)
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