A nutraceutical is a pharmaceutical alternative that claims physiological benefits. Nutraceutical product is a food or fortified food product that not only supplements the diet but also assists in treating or preventing disease (apart from anemia), so it provides medical benefits. A naturally-occurring compound found in plants, cannabidiol (CBD), belongs to a family of compounds called cannabinoids. Examples of nutraceuticals are natural foods, including antioxidants, dietary supplements, fortified dairy products, and citrus fruits, and vitamins, minerals, herbals, milk, and cereals.
MARKET DYNAMICS
The CBD nutraceuticals market is anticipated to grow due to the products as they are more convenient and travel-friendly. However, the presence of alternatives like the herbal nutraceuticals, such as echinacea, and turmeric that have ruled the global nutraceuticals space for a long period, is restraining the market growth. Moreover, the growing demand for hemp protein among athletes, bodybuilders, and the vegan population is expected to drive the market for cannabidiol (CBD) nutraceuticals over the forecast period.
MARKET SCOPE
The "CBD Nutraceuticals Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of CBD nutraceuticals market with detailed market segmentation by product type, and sales channel. The CBD nutraceuticals market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in CBD nutraceuticals market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The CBD nutraceuticals market is segmented on the basis of product type, and sales channel. Based on product type the market is segmented as CBD tinctures, capsules & softgels, CBD gummies, others. On the basis of sales channel the market is categorized as retail stores and online pharmacies.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the CBD nutraceuticals market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The CBD nutraceuticals market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting CBD nutraceuticals market from both demand and supply side and further evaluates market dynamics affecting the market during 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 & Central America after evaluating political, economic, social and technological factors effecting the CBD nutraceuticals market in these regions.
MARKET PLAYERS
The report covers key developments in the CBD nutraceuticals 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 witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from CBD nutraceuticals market are anticipated to have lucrative growth opportunities in the future with the rising demand for CBD nutraceuticals in the global market. Below mentioned is the list of few companies engaged in the CBD nutraceuticals market.
The report also includes the profiles of key players in CBD nutraceuticals market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Bluebird Botanicals
- CV Sciences, Inc.
- Elixinol LLC
- Endoca BV
- Foria Wellness
- Garden of Life
- Green Roads
- Isodiol
- Medical Marijuana, Inc.
- MEDTERRA
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.