Global Cannabidiol Market To Exceed USD 44.70 Billion By 2035 | CAGR of 15.55%
Category: HealthcareGlobal Cannabidiol Market Size To Exceed USD 44.70 Billion By 2035 | CAGR of 15.55%
According to a Research Report Published By Spherical Insights & Consulting, The Global Cannabidiol Market Size is Expected to Grow from USD 9.12 Billion in 2024 to USD 44.70 Billion By 2035, at a CAGR of 15.55% during the Forecast Period 2025-2035.
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Browse key industry insights spread across 241 pages with 120 Market data tables and figures & charts from the report on the "Global Cannabidiol Market Size, Share, and COVID-19 Impact Analysis, By Source Type (Hemp and Marijuana), By End User (Medical, Personal Use, Pharmaceuticals, and Wellness), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/cannabidiol-market
The Cannabidiol Market Size refers to the Worldwide industry that deals with the production, promotion, and distribution of goods that contain this compound. Applications for CBD include wellness, personal care, and medicine. It comes from marijuana or hemp. The market's products, which include meals, tinctures, oils, capsules, and creams, are distributed by hospital pharmacists, retail stores, and online platforms. Market expansion is driven by consumer demand, medical research, and regulatory changes. Its rapid growth and diversification are made possible by its increasing application in the healthcare and wellness industries. The global market for cannabidiol (CBD) is benefiting from increased competition as more companies enter the market and provide similar products. Significant industry trends in the worldwide CBD market are being driven by the growing usage of cannabidiol (CBD) for a variety of reasons, particularly in the wellness and health sectors. The increasing global acknowledgment of cannabidiol, a healthful substance, is one of the key factors driving the cannabidiol market. However, Growth is restricted by supply chain interruptions, regulatory ambiguity, negative health impacts, high manufacturing costs, low customer knowledge, and varied legal frameworks.
The hemp segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the source type, the cannabidiol market is divided into hemp and marijuana. Among these, the hemp segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The hemp market is developing as a result of increased pharmaceutical sector demand and growing consumer knowledge of its health benefits.
The pharmaceuticals segment accounted for a significant share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the end user, the cannabidiol market is divided into medical, personal use, pharmaceuticals, and wellness. Among these, the pharmaceuticals segment accounted for a significant share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. Pharmaceuticals segment due to an increasing number of clinical trials evaluating the effects of CBD on different medical problems.
North America is expected to hold the majority share of the global cannabidiol market during the forecast period.
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North America is expected to hold the majority share of the global cannabidiol market during the forecast period. The region is the most advanced in terms of cannabis and its derivatives, including cannabidiol, and has the greatest number of CBD enterprises and the most favorable laws for the use of CBD products.
Europe is anticipated to grow at the fastest pace in the global cannabidiol market during the forecast period. In the UK, CBD oil has become more and more popular due to growing consumer awareness of its health advantages, accessibility of access, and reasonable costs.
Asia Pacific is predicted to hold a significant share of the cannabidiol market throughout the estimated period. The construction of hemp farming infrastructure, particularly in China, across the Asia Pacific area. China is the largest hemp farmer in Asia, producing over half of the world's hemp.
Major vendors in the global cannabidiol market are Elixinol, ENDOCA, PharmaHemp, Medical Marijuana, Inc., NuLeaf Naturals, LLC, Folium Europe B.V., Cannoid, LLC, The Cronos Group, Isodiol International, Inc., Canopy Growth Corporation, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In June 2024, A cannabis manufacturer and distributor, Rodedawg International Industries, Inc., launched the Nutrient CBD line of five creative SKUs, including two CBD Oil Tinctures, two CBD Creams, and one CBD Roll-On, to satisfy the diverse demands of customers looking for safe and efficient wellness products.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the cannabidiol market based on the below-mentioned segments:
Global Cannabidiol Market Source type
- Hemp
- Marijuana
Global Cannabidiol Market, By End User
- Medical
- Personal Use
- Pharmaceuticals
- Wellness
Global Cannabidiol Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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