Cannabidiol Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

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Cannabidiol Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

Status : May, 2021 | Pharmaceutical

Report Digest

Cannabidiol Market: Overview

The use of cannabidiol is increasing at a rapid rate over the years. Cannabidiol is a widely used type out of all cannabinoids. The healing properties and the overwhelming demand for cannabidiol for health and wellness purposes will bring tremendous growth opportunities for the global cannabidiol market during the forecast period of 2020-2030.

The acceptance of cannabidiol has undergone a seismic shift. Earlier, cannabidiol was not accepted with open arms but as time progressed, it gained acceptance from many countries. This aspect will boost the growth prospects of the cannabidiol market to a certain extent.

Cannabidiol, also abbreviated as CBD, is derived from the cannabis plant. The plant is believed to have properties that can cure chronic pain and depression. It is a popular natural remedy used for treating various ailments. The wide range of benefits offered by cannabidiol will bring tremendous growth opportunities for the cannabidiol market.

The growing use of cannabidiol in a variety of applications such as pet care, cosmetics, pharmaceuticals, food and beverages, and others may serve as prominent growth boosters for the cannabidiol market. The main sources of cannabidiol are hemp and marijuana.

Cannabidiol Market: Competitive Insights

The cannabidiol market is highly fragmented. A large number of players are involved in intense competition. Mergers and acquisitions play a major role in increasing the growth rate of the cannabidiol market.

Some well-established players in the cannabidiol market are;

  • Nuleaf Naturals, LLC
  • Cannoid, LLC
  • CV Sciences
  • Pharmahemp d.o.o,
  • Isodiol International Inc.

Cannabidiol Market: Key Trends

The growing influence of cannabidiol in the pet industry is expected to bring tremendous growth opportunities for the cannabidiol market during the assessment period of 2020-2030. While skepticism is still prevalent among some pet owners, a large chunk of the populace is being informed through initiatives and campaigns about the benefits of cannabidiol for pets.

The World Health Organization (WHO) had stated in 2017 that CBD is not only safe but is well-received by pets. The growing use of CBD in pet food products will add extra stars of growth to the cannabidiol market.

Studies about the Efficacy of CBD Extracts in Treating COVID-19 to Bring Profitable Growth

The novel coronavirus outbreak has had a large impact on the livelihoods of the entire populace. Researchers have recently discovered that cannabidiol can be used for down-regulating ACE 2 expression in COVID-19 tissues. Such developments will bring extensive growth prospects for the cannabidiol market.

Innovative CBD Products to Fuel Growth

The utilization of cannabidiol in various food items such as oil, capsules, gummies, and others will sow the seeds of growth across the cannabidiol market. The ongoing research and development activities will further propel the demand for cannabidiol in various food products.

Cannabidiol Market: Recent Developments

Here are some recent developments that have the potential to increase the growth rate of the cannabidiol market:

  • Canntab Therapeutics recently bagged an Australian patent for its proprietary cannabidiol formulation.
  • Indena, a pharmaceutical company is now authorized by the Italian Health Ministry to produce cannabidiol extracts for the pharmaceutical industry, becoming one of the few companies in the world to develop CBD for the pharma sector.

Such developments bring intense growth opportunities for the cannabidiol market.

Cannabidiol Market: Regional Prospects

The cannabidiol market in North America is anticipated to emerge as a champion in terms of regional growth during the assessment period of 2020-2030. The decriminalization of cannabidiol across various counties and states around the region will prove to be a prominent growth generator. Asia Pacific may also observe good growth due to the growing legalization and product approvals across various countries.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?