Cannabidiol Market
Cannabidiol Market Forecasts to 2030 - Global Analysis By Product Type (Cannabidiol Oil, Cannabidiol Capsules and Softgels, Cannabidiol Edibles, Cannabidiol Topicals, Cannabidiol Cosmetics and Other Product Types), Source, Distribution Channel, Route of Administration, Application, End User and By Geography
According to Stratistics MRC, the Global Cannabidiol Market is accounted for $7.6 billion in 2024 and is expected to reach $21.8 billion by 2030 growing at a CAGR of 19.1% during the forecast period. Cannabidiol (CBD) is a natural compound found in the cannabis plant, specifically in hemp. Unlike its psychoactive counterpart, THC, CBD does not produce a ""high."" It has gained significant attention for its potential therapeutic properties, such as reducing anxiety, pain, and inflammation. CBD is commonly used in oils, capsules, edibles, and topical products. Research is ongoing to explore its effectiveness for various health conditions, though its use and regulation vary by country due to differing legal statuses of cannabis.
According to the International Facility Management Association (IMFA), 84% of in-store operations were affected due to the pandemic, of which food services represented a significant share in 2020.
Market Dynamics:
Driver:
Increasing legalization and acceptance
The increasing legalization and acceptance of cannabidiol (CBD) across the globe is rapidly expanding its market. As more countries and states embrace CBD for its potential therapeutic benefits, consumer demand grows. CBD is now widely used in wellness products, skincare, and even food and beverages. This shift is driven by growing awareness of its non-psychoactive properties, coupled with scientific research supporting its safety and health benefits, fostering greater industry growth and innovation.
Restraint:
Lack of standardized testing and quality control
The lack of standardized testing and quality control in the market poses significant risks to consumers. Without consistent testing, products may vary widely in potency, purity, and safety, leading to unreliable experiences and potential health risks. Contamination with harmful substances, such as pesticides or heavy metals, is also a concern. This lack of regulation undermines consumer trust and hampers the growth of the industry, as inconsistent product quality makes it difficult for brands to build credibility.
Opportunity:
Growing consumer interest in natural and organic products
The growing consumer interest in natural and organic products has significantly influenced the market. As more people seek wellness solutions that align with holistic and sustainable lifestyles, CBD products derived from organic hemp are becoming increasingly popular. Consumers are prioritizing transparency, quality, and eco-friendly practices, driving demand for organic CBD oils, edibles, and skincare. This shift towards natural alternatives is fueling market growth, with an emphasis on purity, health benefits, and ethical sourcing.
Threat:
Misconceptions and stigma
Misconceptions and stigma surrounding cannabidiol continue to hinder its widespread acceptance in the market. Despite its non-intoxicating nature, CBD is often mistakenly associated with marijuana’s psychoactive effects, causing confusion and reluctance among potential consumers. This stigma, coupled with misinformation, can discourage people from exploring its therapeutic benefits. Additionally, it impedes regulatory progress, as lawmakers may hesitate to establish clear guidelines.
Covid-19 Impact:
The COVID-19 pandemic had a mixed impact on the market. While demand for wellness products surged as consumers sought immunity-boosting and stress-relief solutions, supply chain disruptions and store closures hindered product availability. Additionally, economic uncertainty led some consumers to prioritize essential goods, affecting CBD sales. However, the rise of e-commerce and increased awareness of mental health during the pandemic ultimately contributed to long-term market growth.
The hemp-derived segment is expected to be the largest during the forecast period
The hemp-derived segment is expected to account for the largest market share during the projection period due to increasing consumer demand for natural wellness products. Hemp-derived CBD, known for its potential health benefits, is used in various applications such as skincare, dietary supplements, and pain management. Legalization in many regions, along with growing awareness about its therapeutic properties, has fueled market expansion. As a result, the hemp-derived CBD market continues to attract significant investment and innovation.
The medical segment is expected to have the highest CAGR during the forecast period
The medical segment is expected to have the highest CAGR during the extrapolated period. CBD is increasingly recognized for its effectiveness in treating conditions like chronic pain, epilepsy, anxiety, and insomnia. With more countries legalizing medical CBD and ongoing clinical trials supporting its benefits, the market is poised for significant growth. The demand for medical-grade CBD products, including oils, capsules, and tinctures, continues to rise among consumers seeking alternative treatments.
Region with largest share:
North America region is estimated to account for the largest market share during the forecast period driven by increasing consumer demand for natural wellness products. In the U.S. and Canada, the legal framework surrounding CBD has evolved, with many states and provinces legalizing cannabis-based products for medical and recreational use. The market is also supported by the growing trend of wellness and natural remedies, attracting a wide consumer base and fueling strong demand for CBD-infused products.
Region with highest CAGR:
Asia Pacific is expected to register the highest growth rate over the forecast period driven by health trends, regulatory changes, and technological advancements. There is a rising prevalence of mental disorders and neurological diseases, which is increasing the demand for CBD as a therapeutic option. The rise of e-commerce platforms allows CBD companies to reach consumers directly, facilitating market entry before physical retail infrastructures are fully developed.
Key players in the market
Some of the key players in Cannabidiol Market include Medical Marijuana, Inc., High Tide, Inc., Curaleaf Holdings, Trulieve Cannabis Corp., Canopy Growth Corporation, Tilray Brands, Aurora Cannabis Inc., Charlotte's Web Holdings, Inc., GW Pharmaceuticals plc, Lazarus Naturals, Select CBD, Veritas Farms, HempFusion, CBDistillery and Plus Products.
Key Developments:
In January 2024, Aurora Cannabis Inc., an American cannabis-based products manufacturing company, launched cannabis-infused ready-to-drink product produced by Vacay and Versus. The newly launched products are available in three different fruit flavors - Neon Rush, Strawberry Pineapple Tropical Fizz, and Pineapple Coconut Fizz.
In January 2023, Medical Marijuana, Inc.'s subsidiary HempMedsBrasil introduced two new full-spectrum cannabidiol products in Brazil, available in concentrations ranging from 3,000-6,000 mg and sizes of 30 mL and 60 mL.
Product Types Covered:
• Cannabidiol Oil
• Cannabidiol Capsules and Softgels
• Cannabidiol Edibles
• Cannabidiol Topicals
• Cannabidiol Cosmetics
• Other Product Types
Sources Covered:
• Hemp-Derived
• Marijuana-Derived
Distribution Channels Covered:
• Online Retail
• Specialty Stores
• Supermarkets & Hypermarkets
• Pharmacies & Drug Stores
Route of Administrations Covered:
• Oral
• Topical
• Transdermal Patches
• Inhalation
Applications Covered:
• Health & Wellness
• Medical
• Cosmetics & Personal Care
• Food & Beverages
• Other Applications
End Users Covered:
• Adults
• Elderly Population
• Pets
• Athletes & Fitness Enthusiasts
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Cannabidiol Market, By Product Type
5.1 Introduction
5.2 Cannabidiol Oil
5.3 Cannabidiol Capsules and Softgels
5.4 Cannabidiol Edibles
5.5 Cannabidiol Topicals
5.6 Cannabidiol Cosmetics
5.7 Other Product Types
6 Global Cannabidiol Market, By Source
6.1 Introduction
6.2 Hemp-Derived
6.3 Marijuana-Derived
7 Global Cannabidiol Market, By Distribution Channel
7.1 Introduction
7.2 Online Retail
7.3 Specialty Stores
7.4 Supermarkets & Hypermarkets
7.5 Pharmacies & Drug Stores
8 Global Cannabidiol Market, By Route of Administration
8.1 Introduction
8.2 Oral
8.3 Topical
8.4 Transdermal Patches
8.5 Inhalation
9 Global Cannabidiol Market, By Application
9.1 Introduction
9.2 Health & Wellness
9.3 Medical
9.4 Cosmetics & Personal Care
9.5 Food & Beverages
9.6 Other Applications
10 Global Cannabidiol Market, By End User
10.1 Introduction
10.2 Adults
10.3 Elderly Population
10.4 Pets
10.5 Athletes & Fitness Enthusiasts
10.6 Other End Users
11 Global Cannabidiol Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Medical Marijuana, Inc.
13.2 High Tide, Inc.
13.3 Curaleaf Holdings
13.4 Trulieve Cannabis Corp.
13.5 Canopy Growth Corporation
13.6 Tilray Brands
13.7 Aurora Cannabis Inc.
13.8 Charlotte's Web Holdings, Inc.
13.9 GW Pharmaceuticals plc
13.10 Lazarus Naturals
13.11 Select CBD
13.12 Veritas Farms
13.13 HempFusion
13.14 CBDistillery
13.15 Plus Products
List of Tables
1 Global Cannabidiol Market Outlook, By Region (2022-2030) ($MN)
2 Global Cannabidiol Market Outlook, By Product Type (2022-2030) ($MN)
3 Global Cannabidiol Market Outlook, By Cannabidiol Oil (2022-2030) ($MN)
4 Global Cannabidiol Market Outlook, By Cannabidiol Capsules and Softgels (2022-2030) ($MN)
5 Global Cannabidiol Market Outlook, By Cannabidiol Edibles (2022-2030) ($MN)
6 Global Cannabidiol Market Outlook, By Cannabidiol Topicals (2022-2030) ($MN)
7 Global Cannabidiol Market Outlook, By Cannabidiol Cosmetics (2022-2030) ($MN)
8 Global Cannabidiol Market Outlook, By Other Product Types (2022-2030) ($MN)
9 Global Cannabidiol Market Outlook, By Source (2022-2030) ($MN)
10 Global Cannabidiol Market Outlook, By Hemp-Derived (2022-2030) ($MN)
11 Global Cannabidiol Market Outlook, By Marijuana-Derived (2022-2030) ($MN)
12 Global Cannabidiol Market Outlook, By Distribution Channel (2022-2030) ($MN)
13 Global Cannabidiol Market Outlook, By Online Retail (2022-2030) ($MN)
14 Global Cannabidiol Market Outlook, By Specialty Stores (2022-2030) ($MN)
15 Global Cannabidiol Market Outlook, By Supermarkets & Hypermarkets (2022-2030) ($MN)
16 Global Cannabidiol Market Outlook, By Pharmacies & Drug Stores (2022-2030) ($MN)
17 Global Cannabidiol Market Outlook, By Route of Administration (2022-2030) ($MN)
18 Global Cannabidiol Market Outlook, By Oral (2022-2030) ($MN)
19 Global Cannabidiol Market Outlook, By Topical (2022-2030) ($MN)
20 Global Cannabidiol Market Outlook, By Transdermal Patches (2022-2030) ($MN)
21 Global Cannabidiol Market Outlook, By Inhalation (2022-2030) ($MN)
22 Global Cannabidiol Market Outlook, By Application (2022-2030) ($MN)
23 Global Cannabidiol Market Outlook, By Health & Wellness (2022-2030) ($MN)
24 Global Cannabidiol Market Outlook, By Medical (2022-2030) ($MN)
25 Global Cannabidiol Market Outlook, By Cosmetics & Personal Care (2022-2030) ($MN)
26 Global Cannabidiol Market Outlook, By Food & Beverages (2022-2030) ($MN)
27 Global Cannabidiol Market Outlook, By Other Applications (2022-2030) ($MN)
28 Global Cannabidiol Market Outlook, By End User (2022-2030) ($MN)
29 Global Cannabidiol Market Outlook, By Adults (2022-2030) ($MN)
30 Global Cannabidiol Market Outlook, By Elderly Population (2022-2030) ($MN)
31 Global Cannabidiol Market Outlook, By Pets (2022-2030) ($MN)
32 Global Cannabidiol Market Outlook, By Athletes & Fitness Enthusiasts (2022-2030) ($MN)
33 Global Cannabidiol Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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