Cannabidiol is a compound got from cannabis plants. It is a 21-carbon terpenophenolic compound which is framed by the accompanying decarboxylation from a cannabidiolic corrosive antecedent. Cannabidiol (CBD) holds a variety of helpful advantages, for example, cancer prevention agent and neuroprotective properties. It is a pharmacologically expansive range tranquilize that has picked up consideration as a therapy for a shifted scope of uneasiness related issues and furthermore helpful for the therapy of other ailments.
MARKET SCOPE
The "Global Cannabidiol (CBD) Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the cannabidiol (CBD) market with detailed market segmentation by source, end use, distribution channel, and geography. The report provides key statistics on the market status of the leading cannabidiol (CBD) market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on source, the global cannabidiol (CBD) market is segmented into marijuana and hemp.
- Based on end use, the global cannabidiol (CBD) market is segmented into medical & pharmaceuticals, recreational, food & beverages, and personal care others.
- Based on distribution channel, the global cannabidiol (CBD) market is segmented into hypermarkets & supermarkets, convenience stores, online retail, and others.
MARKET DYNAMICS
Drivers:
- Rising use of cannabidiol (CBD) in clinical application, enhancements, drinks and healthy skin.
- Changing administrative situations and increment in mindfulness with respect to the possible advantages of cannabidiol-based items.
- Rising R&D activities drive the cannabidiol (CBD) market.
Restraints:
- Relatively higher price of the cannabidiol.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The cannabidiol (CBD) market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the cannabidiol (CBD) market in these regions.
IMPACT OF COVID-19 ON CANNABIDIOL (CBD) MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the cannabidiol (CBD) market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from cannabidiol (CBD) market are anticipated to lucrative growth opportunities in the future with the rising demand for cannabidiol (CBD) in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cannabidiol (CBD) market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Aurora Cannabis
- Aphria Inc.
- Canopy Growth Corporation
- Charlotte's Web Holdings, Inc.
- Medical Marijuana, INC.
- GW Pharmaceuticals, plc
- Folium Biosciences
- ENDOCA
- Tilray
- The Cronos Group
- Cannoid, LLC
- Medical Marijuana, Inc.
- Folium Biosciences
- Elixinol
- NuLeaf Naturals, LLC
- Isodiol International, Inc.
- Pharmahemp d.o.o.
- Irwin Naturals
- Garden of Life
- CBD Health Solutions