CBD (Cannabidiol) Market was valued at USD 4.6 Billion in 2022 and is projected to reach USD 24.6 Billion by 2030, growing at a CAGR of 24.2% from 2024 to 2030.
Looking ahead to the CBD (Cannabidiol) market from 2023 to 2033, the demand is projected to rise significantly as consumer education and regulatory frameworks continue to evolve. More countries are expected to legalize CBD products, and increasing scientific research into CBD's potential health benefits will likely drive demand. Additionally, innovations in product offerings, such as CBD-infused beverages and skincare products, will attract a broader audience. The expansion of the online retail sector for CBD products is expected to further boost market access, making it easier for consumers to purchase products from the comfort of their homes.
Another key driver will be the shift towards health-conscious lifestyles, where CBD is seen as a natural, non-addictive alternative to over-the-counter medications for anxiety, sleep disorders, and chronic pain management. According to experts, the market will also see a rise in the demand for sustainable, organic, and responsibly sourced CBD products, catering to an increasingly eco-aware customer base. Additionally, the incorporation of CBD into wellness and fitness routines is anticipated to be a major trend in the coming years. As companies focus on innovation and regulatory approval, the market is set to reach new heights, with projections estimating a market size of over USD 47 billion by 2033.
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The CBD (Cannabidiol) market has witnessed substantial growth between 2018 and 2022, driven by rising consumer interest in natural wellness solutions. During this period, the market was largely propelled by increasing awareness about the potential therapeutic benefits of CBD products, including pain management, anxiety relief, and general wellness. Reports highlighted that the demand for CBD products, including oils, edibles, and topicals, surged as more consumers sought alternatives to traditional pharmaceuticals. A major factor in the market expansion was the growing acceptance and legalization of cannabis in various regions, opening new avenues for growth in the CBD space. According to industry reports, the CBD market’s valuation reached approximately USD 4.6 billion in 2021 and is expected to continue its upward trajectory.
Trulieve
Curaleaf
MedMen
Green Thumb Industries
Cresco Labs
Harvest House of Cannabis
Columbia Care
Acreage Holdings
Halo
Planet 13
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global CBD (Cannabidiol) Market
Food
Cosmetics
Pharmaceutical
Other
Based on Types the Market is categorized into Below types that held the largest CBD (Cannabidiol) market share In 2023.
Oil
Capsule
Extract
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global CBD (Cannabidiol) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global CBD (Cannabidiol) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global CBD (Cannabidiol) Market, By Type
6. Global CBD (Cannabidiol) Market, By Application
7. Global CBD (Cannabidiol) Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global CBD (Cannabidiol) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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