CBD Market Size and Share Analysis By Route of Administration (Capsules, Inhalation (Smoke or Vapor), Tincture, Aerosol Spray), Form (Solid and Liquid), Application (Neurogenerative Disorder, Fibromyalgia, Diabetes, Protein Bars, Energy Drinks), Product, Key Players and Region, Forecast to 2026
Market Overview
Cannabidiol (CBD) is a non-addictive compound found in the cannabis plant. Its properties of anti-inflammation, anti-anxiety, analgesic, and seizure-suppression are likely to induce heavy demand for the compound in food & beverage and personal skincare sectors. The Global CBD Market report written by reputed analysts at Market Research asserts a growth trajectory for the period between 2019 and 2026. CBD market is expected to witness significant growth owing to rising awareness regarding health benefits relating to cannabidiol consumption.
The rising awareness regarding applications of CBD is likely to lead to a surge of investment in research and development centers globally. Heavy investment rates by government research organizations signal the positive potential of the market in the coming years. The need for organic formulations due to rising cases of irritability as well as sensitivity among skin care is anticipated to widen the ambit of the CBD market over the forecast period.
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CBD Market Segmentation:
The global CBD market is segmented by form, routes of administration, product, application, end user, and source.
By route, the global CBD market of administration, it is segmented into capsules, tincture, aerosol spray, and inhalation (smoke or vapor). Capsules can register a CAGR of 128.37% during the assessment period due to the advantage of digesting CBD pills without it affecting the palate.
By product, the global CBD market it is segmented into food grade and therapeutic.
By form, the global CBD market is segmented into solid and liquid. The solid form of CBD consists of CBD crystals, CBD wax, capsule/softgel, hash, and others. The liquid form of CBD includes CBD oil, tincture, cream, e-liquid, and others. Among these, the liquid segment is expected to accrue revenues at a CAGR of 127.24% during the forecast timespan. The tincture segment is the highest performing segment within liquids and purported to exhibit a CAGR of 126.54% till 2026.
By application, the global CBD market is segmented into energy drinks, protein bars, neurodegenerative disorder, fibromyalgia, and diabetes.
By end user, the global CBD market is segmented into healthcare and food & beverage. By source, it is segmented into organic and inorganic.
Cannabidiol Market Regional Analysis
The Middle East & Africa (MEA), Europe, Asia Pacific (APAC), and the Americas are regions taken into consideration during the compilation of the global CBD market report.
The Americas is likely to dominate the global market till the end of the forecast timespan due to awareness of the benefits of CBD as well as heavy consumption of non-alcoholic beverages. The Americas are divided into North and South America. Legalization of the cultivation of hemp is one of the biggest drivers of the region. The approval of cannabis for medical use in nearly 28 states of the U.S., a prominent country in North America, can tilt the winds in the favor of the global CBD market. Availability of CBD products online can further raise the earnings of the market in the region.
Asia Pacific comes third in the global CBD market. China is the key contributor in the regional market. The flourishing growth of China is dedicated to permission to produce CBD and production of related products. The growth of the region is also due to entrance of China in the CBD market and growing exports.
The Middle East and Africa is foretold to show a restraint CBD market growth owing to strict regulatory policies, prohibited use of marijuana, contrary impacts linked to cannabis intake. The scope of growth in the regions is expected to be limited as majority of Arab nations have opposed the usage of handling of cannabis or products related to it.
Cannabidiol Market Competition Outlook:
The key players functioning in the global CBD market are
Freedom Leaf Inc
CV Sciences, Inc
Canopy Growth Corporation
Green Roads of Florida LLC
Isodiol International Inc
Folium Biosciences
Medical Marijuana Inc.
CBD Health Solutions LLC
Elixinol Global Limited
Aphria Inc.
ENDOCA
Table Of Content:
Report Prologue
Executive Summary
Market Introduction
Research Methodology
Global Market of CBD By End User
Global Market of CBD By Source
Global Market of CBD By Region
Global Market of CBD By Type
Global Market of CBD By Routes of Administration
Global Market of CBD By Product
Global Market of CBD By Application
Competitive Landscape
Company Profiles
Appendix
List of Tables
List of Figures
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