This cannabidiol report outlines the regulatory frameworks surrounding and governing numerous aspects of the market. The important examination incorporated from 2019 to 2026 makes the report valuable assets for industry officials, promoting, sales, directors, experts, trade, consultants and other looking for key industry information with clearly given tables and charts. The cannabidiol report demonstrates the estimation size of the global market for the upcoming period. This report also discusses various developments of the market in future. It shares volumes and revenue of the global market for the predicted time.
Global cannabidiol market is expected to register a healthy CAGR of 33.85% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the increased levels of spending being incurred on commercialized cannabis products.
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Cannabidiol (CBD) is a compound commonly found in hemp and marijuana plants, this extract is being studied to be developed as an effective anxiety medicine, pain reduction, and treatment of cognition improvements. This extract consists approximately forty percent of the entire plant and it is known to not cause any dependence effects on the human body.
- Increasing favourable regulations regarding the usage of cannabis and associated products globally; this factor is expected to propel the growth of the market
- Growing awareness amongst individuals regarding the various benefits associated with cannabidiol acts as a market driver
- Growth in the volume of manufacturing activities of hemp is expected to boost the growth of the market
- High levels of demands from the pharmaceutical industry with commercialization of various goods consisting of cannabidiol in the manufacturing process is expected to drive the growth of the market
- Although, favourable regulations are still being presented from a variety of regions for the utilization of cannabis and associated products majority of the regions still have strict regulatory presence regarding its usage; this factor is expected to hinder the growth of the market
- Lack of information and awareness regarding the various benefits in the developing regions of the world; this factor is expected to restrict the growth of the market
- Lack of standardizations regarding the quality of products and their manufacturing process resulting in lower quality product development can also hamper the market growth
Key Developments in the Market:
- In August 2019, Exactus, Inc. announced that they had acquired Green Goddess Extracts, based out of Florida, United States and dealing in the manufacturing & distribution of hemp products. This acquisition extends the manufacturing capabilities of Exactus, Inc. while complementing the existing portfolio of products, along with enhancing the distribution capabilities
- In June 2019, Pure CBD Factory announced the availability of “Hemp CBD Oil Tinctures”, available in three sizes as well as in the form of a topical cream. All of the products have been organically created and under the Non-GMO certifications. This innovative launch is designed to meet the growing demand of CBD oil throughout the globe
Major Geographical Regions Include in This Study: North America, Europe, Asia-Pacific, South America, Middle East and Africa
Few of the major competitors currently working in the global cannabidiol market: Pure CBD Factory; Exactus, Inc.; ENDOCA; Medical Marijuana, Inc.; Isodiol International Inc; Cannoid, LLC; Canopy Growth Corporation; Elixinol; FOLIUM BIOSCIENCES; NuLeaf Naturals, LLC; Aphria; Phyto Animal Health; PharmaHemp d.o.o.; Aurora Cannabis; CBD American Shaman; CV Sciences, Inc.; Kazmira; IrieCBD; HempLife Today; Cura CS among others.
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Segmentation: Global Cannabidiol Market
- Food Grade
- Therapeutic Grade
- Personal Care & Cosmetics
- Neurogenerative Disorder
- Food & Beverages
By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Stores
- North America
- South America
- Middle East and Africa
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