CBD Consumer Health - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global CBD Consumer Health Market is accounted for $7.89 billion in 2019 and is expected to reach $40.20 billion by 2027 growing at a CAGR of 22.6% during the forecast period. Growing legalization of cannabis-based CBD products, rise in disposable income and positive government reforms for the legalization of cannabidiol (CBD) in various regions are some of the factors propelling the growth of the market. However, the availability of alternatives and the high price of CBD products are hampering the growth of the market.
Cannabidiol is one of the main cannabinoids extracted from the hemp or from marijuana, which is primarily found in the Cannabis sativa plant. Cannabidiol is a compound which is being utilized due to its therapeutic properties in humans.
Based on the product, the nutraceuticals segment is anticipated to hold considerable market share during the forecast period owing to the increasing awareness amongst consumers regarding the health benefits of cannabidiol, changing consumer preferences towards organic ingredients in dietary supplements, and favourable government reforms regarding CBD. By geography, Europe is expected to grow at a significant market share during the forecast period due to an increase in consumption, rising awareness, positive attitude regarding CBD products, and strategic investments by major companies in the region.
Some of the key players profiled in the CBD Consumer Health Market include Elixinol Global Limited, CV Sciences Inc, NuLeaf Naturals LLC, Medical Marijuana Inc, Lord Jones, Kazmira, Joy Organics, ENDOCA, and Charlotte’s Web.
• Medical Over-The-Counter (OTC) Products
• Food and Beverages
• Personal Care & Cosmetic Products
Distribution Channels Covered:
• Retail Stores
• Retail Pharmacies
• Online Stores
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
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 2018, 2019, 2020, 2024 and 2027
- 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
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• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
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• 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
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