Cannabidiol Market Outlook On The Basis Of Source Type, Distribution Channel, End Use, Region And Forecast To 2025


 San Francisco, 16 Nov 2020: The Report Cannabidiol Market Size, Share & Trends Analysis Report By Source Type (Hemp, Marijuana), By Distribution Channel (B2B, B2C), By End Use, By Region, And Segment Forecasts, 2019 - 2025

The global cannabidiol market size is expected to reach USD 23.6 billion, expanding at a CAGR of 22.2%, according to a new study by Grand View Research, Inc. Increasing adoption of cannabidiol (CBD) infused products in various industries such as pharmaceuticals, personal care and cosmetics, and nutraceuticals along with its medical applications is expected to drive the market over the forecast period.

The marijuana-derived CBD segment dominated the market in 2018, with a revenue of USD 3.9 billion, owing to the growing legalization of marijuana-derived products in various countries. Availability of marijuana-derived CBD products in dispensaries as well as government-approved pharmacies and stores and high efficacy of marijuana-derived CBD compared to hemp-derived CBD are some of the pivotal factors for the growth of the segment.

The Business to Consumer (B2C) segment accounted for the largest market share in 2018 and is expected to exhibit the fastest growth rate over the forecast period. Ease of availability of a wide range of CBD based products to the consumers is one of the key factors driving the growth of this segment. Furthermore, increasing adoption of cannabidiol infused pharmaceuticals for various conditions such as chronic pain, epilepsy, autism, and anxiety is anticipated to support the growth of this segment over the forecast period.

In 2018, the medical segment dominated the end-use segment, with a revenue share of 44.5%, owing to the higher adoption of cannabidiol infused products for medical purposes due to their healing properties. On the other hand, the pharmaceutical segment is expected to witness the fastest CAGR over the forecast period. Companies are focusing on manufacturing products that are intended to cure medical ailments. This key factor is anticipated to increase the demand for CBD based pharmaceuticals.

North America dominated the market in 2018 and is expected to lead the market over the forecast period owing to the legalization of cannabis and cannabis based products for medical as well as recreational purposes. Moreover, the liberalism of government regulations and increased adoption of cannabidiol for pharmaceutical, wellness, and personal use are some of the major factors driving the growth of the CBD market in this region.

Access Research Report of Cannabidiol Market @ https://www.grandviewresearch.com/industry-analysis/cannabidiol-cbd-market

Cannabidiol Market Report Highlights

  • North America accounted for the largest revenue share in 2018 owing to the legalization of CBD infused products, and the presence of a significant number of players operating in this region
  • The marijuana-derived CBD segment dominated the market in 2018, with a revenue of USD 3.9 billion owing to their high efficiency compared to hemp-derived CBD
  • The B2C segment in CBD market is anticipated to be the fastest-growing segment over the forecast period. This is owing to high consumption of CBD based products in countries where cannabis is legal.
  • In 2018, the medical segment accounted for the largest revenue share in the end-use market owing to the rising use of CBD based products for numerous medical conditions
  • Some of the major players operating in cannabidiol market are ENDOCA; Isodiol International, Inc.; Medical Marijuana, Inc.; Cannoid, LLC; Elixinol; Folium Biosciences; NuLeaf Naturals, LLC; Pharmahemp d.o.o.

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/pharmaceuticals

Grand View Research has segmented the global cannabidiol market based on source type, distribution channel, end use, and region:

Cannabidiol Source Type Outlook (Revenue, USD Million, 2014 - 2025)

  • Hemp
  • Marijuana

Cannabidiol Distribution Channel Outlook (Revenue, USD Million, 2014 - 2025)

  • B2B
  • B2C
    • Hospital Pharmacies
    • Online
    • Retail Stores

Cannabidiol End-use Outlook (Revenue, USD Million, 2014 - 2025)

  • Medical
    • Chronic Pain
    • Mental Disorders
    • Cancer
    • Others
  • Personal Use
  • Pharmaceuticals
  • Wellness
    • Food & Beverages
    • Personal Care & Cosmetics
    • Nutraceuticals
    • Others

Cannabidiol Regional Outlook (Revenue, USD Million, 2014 - 2025)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

Access Press Release of Cannabidiol Market @ https://www.grandviewresearch.com/press-release/global-cannabidiol-cbd-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information:www.grandviewresearch.com

Comments

Post a Comment

Popular posts from this blog

U.K. Point Of Sale Software Market To Expand Industry Growth At USD 1.05 Billion By 2028

Image
  San Francisco, 21 Jan 2022:   The Report  U.K. Point Of Sale Software Market  Size, Share & Trends Analysis Report By Application (Fixed POS, Mobile POS), By Deployment, By Organization Size, By End-user, And Segment Forecasts, 2021 - 2028 The global U.K. point of sale software market size is expected to reach USD 1.05 billion by 2028, expanding at a CAGR of 8.1% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. The integration of a Point-Of-Sale (POS) solution with capabilities such as sales reports monitoring, cash flow recording, product demand analysis, tracking delivery status, and inventory management ensure systematic functioning and upscaling of a business. The adoption of POS software is directly impacted by the demand for POS terminals, which is witnessing growth in demand due to changing lifestyles and government policies. However, the COVID-19 pandemic disrupted the industry's business, wherein ...
Read more

Gas Detection Equipment Market Anticipated To Expand At A CAGR 9.7% From 2021 To 2028

  San Francisco, 5 May 2021:   The Report  Gas Detection Equipment Market  Size, Share & Trends Analysis Report By Product, By Technology (Infrared, Catalytic, PID), By End-use, By Region, And Segment Forecasts, 2021 - 2028 The global gas detection equipment market size is expected to reach USD 8.38 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 9.7% from 2021 to 2028. The market growth can be attributed to the growing awareness among governments regarding the harmful effects of greenhouse gases, coupled with their increased efforts toward protecting the environment. Major industries such as petroleum, oil, and gas, among others are needed to comply with safety and environmental regulations which are also major factors driving the market growth. Many companies are focused on introducing drone-based gas detection equipment, which is expected to create new opportunities for market growth in...
Read more