Cannabidiol Market Review:
In a recent research report by Market Research Community, the Cannabidiol Market is expected to surpass USD 19.40 Billion by the year 2030, from USD 5.14 Billion in 2021.
Global Cannabidiol Market is anticipated to grow at a CAGR of 15.9% over the forecast period 2022 – 2030. Detailed analysis and research with respect to values, statistics, and drivers, restraints, and opportunities are accurate for the buyers to decide their goals and objectives. Every driving is elaborated with proper research and statistics from various major economies. The report is not only limited to the driving factors, opportunities, and challenges, but also comprise past scenario and consumer behavior, ongoing trends, and the future insights so that the companies can decide their production volume and reduce wastage.
The companies operating in the industry are constantly focused on product innovations introduction of novel techniques for meeting the consumers’ demand on the global scale. Reaching out to customers across the globe will help market players to make new connections and establish market in other economies.
The cannabidiol (CBD) market refers to the industry that revolves around the production, distribution, and sales of products containing CBD, a non-psychoactive compound found in the cannabis plant. CBD is commonly used for its potential therapeutic properties, including pain relief, anti-anxiety, and anti-inflammatory effects.
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The industry players profiled in the Cannabidiol Market comprise ENDOCA; Cannoid, LLC; Medical Marijuana, Inc.; Folium Biosciences; Elixinol; NuLeaf Naturals, LLC; Isodiol International, Inc.; Pharmahemp d.o.o. These players are focused on adopting growth strategies, such as partnerships, acquisitions, mergers, joint venture, collaborations, and more.
Some of the companies that are profiled in this report are:
Medical Marijuana, Inc.
NuLeaf Naturals, LLC
Isodiol International, Inc.
By Source Type
By Sales Type
o By End-use
o By Sales Channel
§ Hospital Pharmacies
§ Retail Stores
o By End-use
§ Personal Use
By End Use
· Personal Use
Significantly high initial investment is one of the major obstacles to the market
Lack of information and awareness for safety rules is also hampering the market growth
Stringent regulations laid down by government is yet another hampering factor of the market
The Cannabidiol Market Growth is segmented on the basis of product, application, end user, and geography. Moreover, the industry players profiled in the report are increasingly adopting various growth strategies to create niche market in the industry, increase their sales, and ultimately expand their global reach. The market is majorly dominated in geographies like North America, Europe, Latin America, Asia Pacific, and Middle East & Africa.
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