Cannabidiol Products Market By Type, Size, Growth, Share, Forecast 2022-2028

Cannabidiol Products Market Size

The study includes a global and regional forecast and analysis of the cannabidiol products market. The report includes historical data for 2017 and 2018, as well as a revenue prediction for 2019 through 2025. (USD Million). The study examines the market drivers and restraints for cannabidiol products, as well as their impact on demand during the projection period. In addition, the paper examines worldwide opportunities in the cannabidiol products industry.

The global cannabidiol market was estimated at USD 5.18 billion in 2021, and it is predicted to increase at a CAGR of 16.8% from 2022 to 2028. Cannabidiol is a chemical component present in the cannabis sativa plant that is produced from hemp or cannabis, with hemp containing the highest levels of cannabidiol (CBD). It provides a number of advantages in terms of treating anxiety and seizures, as well as lowering pain. CBD is in great demand for health and wellness purposes due to its therapeutic effects, which is a major component driving the market. Furthermore, increased product acceptance and use as a result of regulatory approvals is likely to enhance the manufacture of CBD-infused goods.

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Cannabidiol oil is being utilised more and more in skincare products to address acne and wrinkles. For example, Sephora recently launched a cannabidiol (CBD) skincare line in its stores. Ulta Beauty is also planning to create a cannabinoid-based product line. A number of new companies are also joining the cannabidiol-infused cosmetics sector. For example, Aphria, a Canadian producer and distributor of medicinal and recreational cannabis, launched its Cannabidiol-based cosmetics line in Germany in 2019.

The study includes a company market share analysis to provide a more comprehensive picture of the market’s major competitors. In addition, the study analyses important market strategic events such as acquisitions and mergers, the launch of new services, agreements, partnerships, collaborations and joint ventures, research and development, and regional growth of major market participants.

Because of its absence of intoxicating effects, cannabidiol is the most extensively used cannabinoid for therapeutic purposes. Cannabidiol oil is utilised in a variety of medical applications, including anxiety and depression treatment, stress reduction, diabetes prevention, pain relief, cancer symptom relief, and inflammation. The global market is expected to develop at a profitable rate over the forecast period due to the increased acceptance of CBD-based products to treat diseases.

Report Scope:

Report Attribute Details
Market size value in 2022 USD 6.36 billion
Revenue forecast in 2028 USD 22.05 billion
Growth rate CAGR of 16.8% from 2022 to 2028
Base year for estimation 2021
Historical data 2017 – 2020
Forecast period 2022 – 2028
Quantitative units Revenue in USD million/billion and CAGR from 2022 to 2028

The global market for cannabidiol products is divided into two categories: application and geography. The global cannabidiol products market is divided into food and drinks, medicines, cosmetics, and others based on application. Cannabidiol edibles and CBD drinks are two types of cannabidiol foods and beverages. Capsules, suppository, tinctures, topicals, transdermal patches, inhalers, and other pharmaceutical products are included in the pharmaceutical category. The global cannabidiol products market is divided into five regions: North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. The market has been estimated from 2019 to 2025, and all segments have been examined based on current and future trends.

Some key players of the global cannabidiol products market are CV Sciences, Gaia Botanicals, ENDOCA, Isodiol International, Medical Marijuana, Aurora Cannabis (AC), CBD American Shaman, Canopy Growth Corporation, Elixinol, IRIE CBD, Beverages Trade Network, Coca–Cola, Lagunitas, The Supreme Cannabis Company, General Cannabis Corporation, Heineken, Cannabis Sativa, Inc., and Insys Therapeutics, Inc.

This report segments the global cannabidiol products market into:

Global Cannabidiol Products Market: Application Analysis

Food and Beverages
Cannabidiol Edibles
Cannabidiol Beverages
Pharmaceuticals
Capsules
Suppository
Tinctures
Topicals
Transdermal Patches
Inhalers
Others
Cosmetics
Others

Global Cannabidiol Products Market: Regional Analysis

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East and Africa

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