Report Code: CMI32905

Published Date: October 2023

Pages: 220+

Category: Healthcare

Report Snapshot

CAGR: 18%
17.50B
2022
17.71B
2023
19.67B
2032

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • ENDOCA
  • Cannoid LLC
  • Medical Marijuana Inc.
  • Folium Biosciences
  • Elixinol
  • NuLeaf Naturals LLC
  • Others

Exclusive, in-depth market intelligence can help you increase your Revenue.

Download Sample Pdf

Reports Description

As per the current market research conducted by the CMI Team, the global Cannabidiol Market is expected to record a CAGR of 18% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 17.50 Billion. By 2032, the valuation is anticipated to reach USD 19.67 Billion.

The Cannabidiol (CBD) market refers to the industry centered around the production, sale, and distribution of products containing cannabidiol, which is a naturally occurring compound found in the cannabis plant. Unlike tetrahydrocannabinol (THC), another well-known cannabinoid found in cannabis, CBD does not produce a psychoactive “high” effect.

Instead, it is believed to offer potential therapeutic benefits without causing intoxication. The CBD market has experienced significant growth and popularity in recent years due to the increasing acceptance and legalization of cannabis for medicinal and recreational purposes in various countries. CBD is now widely used in various forms, including oils, tinctures, capsules, edibles, topicals, and more.

 Key aspects of the CBD market include:

  • Health and Wellness: CBD products are often marketed as health and wellness supplements. Many consumers use CBD to potentially alleviate symptoms of various conditions, including anxiety, pain, inflammation, insomnia, and seizures.
  • Regulatory Landscape: The legality of CBD varies from country to country, and regulations surrounding CBD products can be complex. Some regions have legalized CBD for medical use, while others allow it for over-the-counter sales.
  • Product Diversity: The CBD market offers a wide range of products to cater to different consumer preferences. Companies continually innovate to create new CBD-infused items, such as beverages, skin care products, pet treats, and more.
  • Consumer Awareness: As CBD gains popularity, consumer awareness of its potential benefits and usage grows. However, there is still ongoing research to fully understand its effects and safety.
  • Quality and Safety: Due to the rapid growth of the market, there are concerns about product quality and safety. Consumers are encouraged to buy CBD products from reputable brands that provide third-party testing and transparent information.
  • Research and Medical Applications: CBD is the subject of ongoing research to explore its potential medical applications. Some FDA-approved drugs contain CBD to treat specific medical conditions, such as epilepsy.
  • International Trade: CBD products are often traded internationally, leading to a complex global supply chain and export-import regulations.

Cannabidiol Market – Significant Growth Factors

The Cannabidiol (CBD) market has experienced significant growth, driven by several key factors that have contributed to its popularity and widespread adoption. Some of the significant growth factors in the CBD market include:

  • Increasing Acceptance and Legalization: The growing acceptance and legalization of cannabis and CBD products in various countries and states have significantly contributed to the market’s expansion. As more regions relax their regulations on CBD, the market has seen increased consumer access and demand.
  • Therapeutic Potential: CBD is believed to offer potential therapeutic benefits, and there is growing interest in its use as a natural remedy for various health conditions. Consumers are increasingly turning to CBD products to potentially alleviate symptoms of anxiety, pain, inflammation, insomnia, and other ailments.
  • Wellness and Health Trends: The rising focus on health and wellness has spurred interest in natural and alternative remedies, leading consumers to explore CBD as a potential option for maintaining overall well-being.
  • Diverse Product Offerings: The CBD market offers a wide range of products, catering to different preferences and consumption methods. This variety, including oils, tinctures, capsules, edibles, topicals, and more, has expanded the consumer base and market reach.
  • Non-Psychoactive Nature: CBD’s non-psychoactive nature, meaning it does not produce the “high” associated with THC, has made it more accessible and appealing to a broader audience, including individuals seeking health benefits without the intoxicating effects.
  • Increasing Research and Medical Applications: Ongoing research into the potential medical applications of CBD has provided scientific support for its therapeutic properties. The development of FDA-approved medications containing CBD, such as Epidiolex for epilepsy treatment, has boosted confidence in CBD’s legitimacy as a medicinal compound.
  • Online Retail and E-commerce: The growth of online retail and e-commerce platforms has facilitated easy access to CBD products, allowing consumers to purchase them conveniently from the comfort of their homes.
  • Beauty and Skincare Industry Integration: CBD’s integration into the beauty and skincare industry, with claims of potential benefits for skin health and appearance, has contributed to its popularity among beauty enthusiasts.
  • Increasing Awareness and Education: As knowledge about CBD’s potential benefits and safe usage spreads, consumers have become more informed and confident in trying CBD products.
  • Supportive Consumer Advocacy: The vocal support of consumers who have experienced positive effects from using CBD products has helped create a positive perception of CBD and encouraged others to explore its potential benefits.

Global Cannabidiol Market 2023–2032 (By Source Type)

www.custommarketinsight.com

Cannabidiol Market – Mergers and Acquisitions

  • Curaleaf Holdings Acquisitions: Curaleaf, a leading cannabis company, made several significant acquisitions to strengthen its position in the CBD and cannabis markets. For example, in 2020, Curaleaf acquired Cura Partners Inc., a major CBD brand known for its Select brand products. This acquisition expanded Curaleaf’s reach into new markets and enhanced its product portfolio.
  • Canopy Growth and Acreage Holdings: Canopy Growth, a major player in the cannabis industry, entered into an agreement to acquire Acreage Holdings, a multi-state cannabis operator in the United States. The deal was structured to become effective upon the federal legalization of cannabis in the U.S. This acquisition aimed to establish a strong presence in the American CBD and cannabis markets.
  • Charlotte’s Web Acquisition of Abacus Health Products: In 2020, Charlotte’s Web, a prominent CBD company, completed its acquisition of Abacus Health Products, a manufacturer of over-the-counter topical pain relief products infused with CBD. This acquisition allowed Charlotte’s Web to expand its product offerings and market share in the CBD industry.
  • Cronos Group and Redwood Holding Group: Cronos Group, a Canadian cannabis company, acquired Redwood Holding Group, the parent company of Lord Jones, a well-known CBD brand. This acquisition provided Cronos Group with a presence in the U.S. CBD market and access to Lord Jones’ product portfolio.
  • Green Growth Brands and MXY Holdings: Green Growth Brands, a CBD and cannabis retailer, acquired MXY Holdings, a CBD product manufacturer. This acquisition aimed to enhance Green Growth Brands’ vertical integration and supply chain capabilities.
  • Harvest Health & Recreation and CBD Naturals: In 2019, Harvest Health & Recreation, a multi-state cannabis operator, acquired CBD Naturals, a CBD product manufacturer. This acquisition enabled Harvest Health & Recreation to expand its product offerings and enter the CBD market segment.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Cannabidiol Market Hemophilia B Gene Therapy Market Keytruda Market
CAGR 18% (Approx) CAGR 34.1% (Approx) CAGR 8.9% (Approx)
USD 19.67 Billion by 2032 USD 5,938.5 Million by 2032 USD 54.4 Billion by 2032

Cannabidiol Market – Significant Threats

  • Regulatory Uncertainty: The legal status of CBD varies from country to country and even within different regions of the same country. Unclear or inconsistent regulations can create uncertainty for CBD companies, leading to difficulties in market expansion and compliance.
  • Changing Legal Landscape: The evolving legal landscape surrounding cannabis and CBD products can impact the market. Shifts in regulations, bans, or restrictions on CBD sales could disrupt existing business models and limit market access.
  • Quality and Safety Concerns: The lack of standardized quality control and testing protocols in the CBD industry can lead to the presence of low-quality or contaminated products in the market. Reports of such issues can erode consumer trust and negatively impact the market’s reputation.
  • Misinformation and Misleading Claims: The proliferation of inaccurate information and misleading claims about CBD’s health benefits can misguide consumers and create unrealistic expectations. This could result in dissatisfaction with products and potential legal issues for companies making unsubstantiated claims.
  • Adverse Health Effects: While CBD is generally considered safe, there is still ongoing research to fully understand its long-term effects and potential drug interactions. Any reports of adverse health effects, even if isolated incidents, can generate negative publicity and affect consumer confidence.
  • Competition from Illicit Markets: The presence of unregulated CBD products in the black market can pose a threat to legal CBD businesses. Illicit products may not adhere to safety standards and regulations, undermining the legal market’s credibility.
  • Supply Chain Disruptions: The CBD market relies on a complex global supply chain, involving the cultivation, extraction, and manufacturing of CBD products. Supply chain disruptions, such as crop failures, transportation issues, or international trade restrictions, can affect product availability and prices.
  • Financial and Banking Challenges: The CBD industry faces difficulties in accessing traditional banking services due to its association with cannabis, which remains illegal at the federal level in some countries. Limited banking services can hinder business operations and growth.
  • International Trade Barriers: Cross-border trade of CBD products can be hampered by differing regulations and import/export restrictions, leading to market entry challenges for companies looking to expand globally.
  • Stigma and Perception: Despite growing acceptance, there remains a stigma associated with CBD due to its association with cannabis. This can deter some consumers and investors from engaging with the market.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 17.71 Billion
Projected Market Size in 2032 USD 19.67 Billion
Market Size in 2022 USD 17.50 Billion
CAGR Growth Rate 18% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Source Type, Sales Type, Sales Channel, End-use and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

Sales Type:

In 2023, the B2B segment emerged as the market leader, holding a substantial revenue share of 55.7%. This segment is expected to continue its significant growth over the forecast period, primarily driven by an increase in the number of wholesalers providing CBD oil and a rising demand for CBD oil as a raw material.

Moreover, the legalization of CBD products in various countries has opened up new opportunities for supplying these products, given the expanding consumer base. Within the B2C segment, the sub-segment of hospital pharmacies is projected to experience remarkable growth during the forecast period.

This growth can be attributed to the growing acceptance of CBD products in healthcare settings, where CBD oil is increasingly recognized for potential therapeutic benefits.

End-user Type:

As of 2023, the pharmaceuticals segment held a dominant revenue share of more than 75.3% in the B2B end-use category. This segment is anticipated to experience significant growth throughout the forecast period.

The increasing number of clinical trials aimed at evaluating the potential health benefits of CBD is expected to drive the demand for these products in the years ahead.

Additionally, numerous companies are procuring bulk CBD oil to manufacture CBD-infused products widely utilized by consumers as an alternative for managing pain and stress.

Global Cannabidiol Market 2023–2032 (By Billion)

www.custommarketinsight.com

Cannabidiol Market – Regional Analysis

  • North America: North America, particularly the United States and Canada, is one of the largest CBD markets globally. The region’s early adoption of cannabis legalization for medical and recreational use has driven the CBD market’s growth. The presence of established CBD brands, a mature distribution network, and favorable consumer attitudes toward CBD contributes to the market’s expansion.
  • Europe: Europe is witnessing rapid growth in the CBD market, driven by increasing awareness of CBD’s potential health benefits and a progressive regulatory environment in several countries. The European CBD market is diverse, with different regulations in individual countries, creating opportunities for local and international CBD companies.
  • Asia-Pacific: The Asia-Pacific region, including countries like China, Japan, South Korea, and Australia, is experiencing significant growth in the CBD market. While regulations regarding CBD can be stringent in some countries, changing attitudes toward cannabis and increasing consumer interest in CBD products are driving market growth.
  • Latin America: Latin America is emerging as a promising CBD market, with countries like Brazil, Mexico, and Colombia showing increasing interest in CBD products. The region’s potential lies in its vast agricultural resources for hemp cultivation and growing acceptance of CBD for medicinal and wellness purposes.
  • Middle East and Africa: The CBD market in the Middle East and Africa is relatively nascent, with varying levels of acceptance and regulation across different countries. Some regions are exploring the potential of CBD for medical use, while others have stricter regulations.
  • Rest of the World: Other regions not covered in the above categories also contribute to the global CBD market. Some regions may have limited CBD acceptance due to cultural or regulatory factors, while others may be exploring opportunities for market growth.

Global Cannabidiol Market 2023–2032 (By Sales Channel)

www.custommarketinsight.com

List of the prominent players in the Cannabidiol Market:

  • ENDOCA
  • Cannoid LLC
  • Medical Marijuana Inc.
  • Folium Biosciences
  • Elixinol
  • NuLeaf Naturals LLC
  • Isodiol International Inc.
  • Pharmahemp d.o.o.
  • Others

The Cannabidiol Market is segmented as follows:

By Source Type

  • Hemp
  • Marijuana

By Sales Type

  • B2B
  • B2C

By Sales Channel

  • Hospital Pharmacies
  • Online
  • Retail Stores

By End-use

  • Medical
    • Chronic Pain
    • Mental Disorders
    • Cancer
    • Others
  • Personal Use
  • Pharmaceuticals
  • Wellness
    • Food & Beverages
    • Personal Care & Cosmetics
    • Nutraceuticals
    • Others

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Cannabidiol Market, (2024 – 2033) (USD Billion)
    • 2.2 Global Cannabidiol Market: snapshot
  • Chapter 3. Global Cannabidiol Market – Industry Analysis
    • 3.1 Cannabidiol Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increasing Acceptance and Legalization
      • 3.2.2 Therapeutic Potential
      • 3.2.3 Wellness and Health Trends
      • 3.2.4 Diverse Product Offerings
      • 3.2.5 Non-Psychoactive Nature
      • 3.2.6 Increasing Research and Medical Applications
      • 3.2.7 Online Retail and E-commerce
      • 3.2.8 Beauty and Skincare Industry Integration
      • 3.2.9 Increasing Awareness and Education
      • 3.2.10 Supportive Consumer Advocacy.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Source Type
      • 3.7.2 Market Attractiveness Analysis By Sales Type
      • 3.7.3 Market Attractiveness Analysis By Sales Channel
      • 3.7.4 Market Attractiveness Analysis By End-use
  • Chapter 4. Global Cannabidiol Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Cannabidiol Market: Company Market Share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Cannabidiol Market – Source Type Analysis
    • 5.1 Global Cannabidiol Market Overview: By Source Type
      • 5.1.1 Global Cannabidiol Market Share, By Source Type, 2022 and – 2033
    • 5.2 Hemp
      • 5.2.1 Global Cannabidiol Market by Hemp, 2024 – 2033 (USD Billion)
    • 5.3 Marijuana
      • 5.3.1 Global Cannabidiol Market by Marijuana, 2024 – 2033 (USD Billion)
  • Chapter 6. Global Cannabidiol Market – Sales Type Analysis
    • 6.1 Global Cannabidiol Market Overview: By Sales Type
      • 6.1.1 Global Cannabidiol Market Share, By Sales Type, 2022 and – 2033
    • 6.2 B2B
      • 6.2.1 Global Cannabidiol Market by B2B, 2024 – 2033 (USD Billion)
    • 6.3 B2C
      • 6.3.1 Global Cannabidiol Market by B2C, 2024 – 2033 (USD Billion)
  • Chapter 7. Global Cannabidiol Market – Sales Channel Analysis
    • 7.1 Global Cannabidiol Market Overview: By Sales Channel
      • 7.1.1 Global Cannabidiol Market Share, By Sales Channel, 2022 and – 2033
    • 7.2 Hospital Pharmacies
      • 7.2.1 Global Cannabidiol Market by Hospital Pharmacies, 2024 – 2033 (USD Billion)
    • 7.3 Online
      • 7.3.1 Global Cannabidiol Market by Online, 2024 – 2033 (USD Billion)
    • 7.4 Retail Stores
      • 7.4.1 Global Cannabidiol Market by Retail Stores, 2024 – 2033 (USD Billion)
  • Chapter 8. Global Cannabidiol Market – End-use Analysis
    • 8.1 Global Cannabidiol Market Overview: By End-use
      • 8.1.1 Global Cannabidiol Market Share, By End-use, 2022 and – 2033
    • 8.2 Medical
      • 8.2.1 Global Cannabidiol Market by Medical, 2024 – 2033 (USD Billion)
    • 8.3 Chronic Pain
      • 8.3.1 Global Cannabidiol Market by Chronic Pain, 2024 – 2033 (USD Billion)
    • 8.4 Mental Disorders
      • 8.4.1 Global Cannabidiol Market by Mental Disorders, 2024 – 2033 (USD Billion)
    • 8.5 Cancer
      • 8.5.1 Global Cannabidiol Market by Cancer, 2024 – 2033 (USD Billion)
    • 8.6 Others
      • 8.6.1 Global Cannabidiol Market by Others, 2024 – 2033 (USD Billion)
    • 8.7 Personal Use
      • 8.7.1 Global Cannabidiol Market by Personal Use, 2024 – 2033 (USD Billion)
    • 8.8 Pharmaceuticals
      • 8.8.1 Global Cannabidiol Market by Pharmaceuticals, 2024 – 2033 (USD Billion)
    • 8.9 Wellness
      • 8.9.1 Global Cannabidiol Market by Wellness, 2024 – 2033 (USD Billion)
    • 8.10 Food & Beverages
      • 8.10.1 Global Cannabidiol Market by Food & Beverages, 2024 – 2033 (USD Billion)
    • 8.11 Personal Care & Cosmetics
      • 8.11.1 Global Cannabidiol Market by Personal Care & Cosmetics, 2024 – 2033 (USD Billion)
    • 8.12 Nutraceuticals
      • 8.12.1 Global Cannabidiol Market by Nutraceuticals, 2024 – 2033 (USD Billion)
    • 8.13 Others
      • 8.13.1 Global Cannabidiol Market by Others, 2024 – 2033 (USD Billion)
  • Chapter 9. Cannabidiol Market – Regional Analysis
    • 9.1 Global Cannabidiol Market Regional Overview
    • 9.2 Global Cannabidiol Market Share, by Region, 2022 & – 2033 (USD Billion)
    • 9.3. North America
      • 9.3.1 North America Cannabidiol Market, 2024 – 2033 (USD Billion)
        • 9.3.1.1 North America Cannabidiol Market, by Country, 2024 – 2033 (USD Billion)
    • 9.4 North America Cannabidiol Market, by Source Type, 2024 – 2033
      • 9.4.1 North America Cannabidiol Market, by Source Type, 2024 – 2033 (USD Billion)
    • 9.5 North America Cannabidiol Market, by Sales Type, 2024 – 2033
      • 9.5.1 North America Cannabidiol Market, by Sales Type, 2024 – 2033 (USD Billion)
    • 9.6 North America Cannabidiol Market, by Sales Channel, 2024 – 2033
      • 9.6.1 North America Cannabidiol Market, by Sales Channel, 2024 – 2033 (USD Billion)
    • 9.7 North America Cannabidiol Market, by End-use, 2024 – 2033
      • 9.7.1 North America Cannabidiol Market, by End-use, 2024 – 2033 (USD Billion)
    • 9.8. Europe
      • 9.8.1 Europe Cannabidiol Market, 2024 – 2033 (USD Billion)
        • 9.8.1.1 Europe Cannabidiol Market, by Country, 2024 – 2033 (USD Billion)
    • 9.9 Europe Cannabidiol Market, by Source Type, 2024 – 2033
      • 9.9.1 Europe Cannabidiol Market, by Source Type, 2024 – 2033 (USD Billion)
    • 9.10 Europe Cannabidiol Market, by Sales Type, 2024 – 2033
      • 9.10.1 Europe Cannabidiol Market, by Sales Type, 2024 – 2033 (USD Billion)
    • 9.11 Europe Cannabidiol Market, by Sales Channel, 2024 – 2033
      • 9.11.1 Europe Cannabidiol Market, by Sales Channel, 2024 – 2033 (USD Billion)
    • 9.12 Europe Cannabidiol Market, by End-use, 2024 – 2033
      • 9.12.1 Europe Cannabidiol Market, by End-use, 2024 – 2033 (USD Billion)
    • 9.13. Asia Pacific
      • 9.13.1 Asia Pacific Cannabidiol Market, 2024 – 2033 (USD Billion)
        • 9.13.1.1 Asia Pacific Cannabidiol Market, by Country, 2024 – 2033 (USD Billion)
    • 9.14 Asia Pacific Cannabidiol Market, by Source Type, 2024 – 2033
      • 9.14.1 Asia Pacific Cannabidiol Market, by Source Type, 2024 – 2033 (USD Billion)
    • 9.15 Asia Pacific Cannabidiol Market, by Sales Type, 2024 – 2033
      • 9.15.1 Asia Pacific Cannabidiol Market, by Sales Type, 2024 – 2033 (USD Billion)
    • 9.16 Asia Pacific Cannabidiol Market, by Sales Channel, 2024 – 2033
      • 9.16.1 Asia Pacific Cannabidiol Market, by Sales Channel, 2024 – 2033 (USD Billion)
    • 9.17 Asia Pacific Cannabidiol Market, by End-use, 2024 – 2033
      • 9.17.1 Asia Pacific Cannabidiol Market, by End-use, 2024 – 2033 (USD Billion)
    • 9.18. Latin America
      • 9.18.1 Latin America Cannabidiol Market, 2024 – 2033 (USD Billion)
        • 9.18.1.1 Latin America Cannabidiol Market, by Country, 2024 – 2033 (USD Billion)
    • 9.19 Latin America Cannabidiol Market, by Source Type, 2024 – 2033
      • 9.19.1 Latin America Cannabidiol Market, by Source Type, 2024 – 2033 (USD Billion)
    • 9.20 Latin America Cannabidiol Market, by Sales Type, 2024 – 2033
      • 9.20.1 Latin America Cannabidiol Market, by Sales Type, 2024 – 2033 (USD Billion)
    • 9.21 Latin America Cannabidiol Market, by Sales Channel, 2024 – 2033
      • 9.21.1 Latin America Cannabidiol Market, by Sales Channel, 2024 – 2033 (USD Billion)
    • 9.22 Latin America Cannabidiol Market, by End-use, 2024 – 2033
      • 9.22.1 Latin America Cannabidiol Market, by End-use, 2024 – 2033 (USD Billion)
    • 9.23. The Middle East and Africa
      • 9.23.1 The Middle-East and Africa Cannabidiol Market, 2024 – 2033 (USD Billion)
        • 9.23.1.1 The Middle-East and Africa Cannabidiol Market, by Country, 2024 – 2033 (USD Billion)
    • 9.24 The Middle-East and Africa Cannabidiol Market, by Source Type, 2024 – 2033
      • 9.24.1 The Middle-East and Africa Cannabidiol Market, by Source Type, 2024 – 2033 (USD Billion)
    • 9.25 The Middle-East and Africa Cannabidiol Market, by Sales Type, 2024 – 2033
      • 9.25.1 The Middle-East and Africa Cannabidiol Market, by Sales Type, 2024 – 2033 (USD Billion)
    • 9.26 The Middle-East and Africa Cannabidiol Market, by Sales Channel, 2024 – 2033
      • 9.26.1 The Middle-East and Africa Cannabidiol Market, by Sales Channel, 2024 – 2033 (USD Billion)
    • 9.27 The Middle-East and Africa Cannabidiol Market, by End-use, 2024 – 2033
      • 9.27.1 The Middle-East and Africa Cannabidiol Market, by End-use, 2024 – 2033 (USD Billion)
  • Chapter 10. Company Profiles
    • 10.1 ENDOCA
      • 10.1.1 Overview
      • 10.1.2 Financials
      • 10.1.3 Product Portfolio
      • 10.1.4 Business Strategy
      • 10.1.5 Recent Developments
    • 10.2 Cannoid LLC
      • 10.2.1 Overview
      • 10.2.2 Financials
      • 10.2.3 Product Portfolio
      • 10.2.4 Business Strategy
      • 10.2.5 Recent Developments
    • 10.3 Medical Marijuana Inc.
      • 10.3.1 Overview
      • 10.3.2 Financials
      • 10.3.3 Product Portfolio
      • 10.3.4 Business Strategy
      • 10.3.5 Recent Developments
    • 10.4 Folium Biosciences
      • 10.4.1 Overview
      • 10.4.2 Financials
      • 10.4.3 Product Portfolio
      • 10.4.4 Business Strategy
      • 10.4.5 Recent Developments
    • 10.5 Elixinol
      • 10.5.1 Overview
      • 10.5.2 Financials
      • 10.5.3 Product Portfolio
      • 10.5.4 Business Strategy
      • 10.5.5 Recent Developments
    • 10.6 NuLeaf Naturals LLC
      • 10.6.1 Overview
      • 10.6.2 Financials
      • 10.6.3 Product Portfolio
      • 10.6.4 Business Strategy
      • 10.6.5 Recent Developments
    • 10.7 Isodiol International Inc.
      • 10.7.1 Overview
      • 10.7.2 Financials
      • 10.7.3 Product Portfolio
      • 10.7.4 Business Strategy
      • 10.7.5 Recent Developments
    • 10.8 Pharmahemp d.o.o.
      • 10.8.1 Overview
      • 10.8.2 Financials
      • 10.8.3 Product Portfolio
      • 10.8.4 Business Strategy
      • 10.8.5 Recent Developments
    • 10.9 Others.
      • 10.9.1 Overview
      • 10.9.2 Financials
      • 10.9.3 Product Portfolio
      • 10.9.4 Business Strategy
      • 10.9.5 Recent Developments
List Of Figures

Figures No 1 to 37

List Of Tables

Tables No 1 to 102

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

FAQs

The key factors driving the Market are Increasing Acceptance and Legalization, Therapeutic Potential, Wellness and Health Trends, Diverse Product Offerings, Non-Psychoactive Nature, Increasing Research and Medical Applications, Online Retail and E-commerce, Beauty and Skincare Industry Integration, Increasing Awareness and Education And Supportive Consumer Advocacy.

The “Source Type” category dominated the market in 2022.

The key players in the market are ENDOCA, Cannoid LLC, Medical Marijuana Inc., Folium Biosciences, Elixinol, NuLeaf Naturals LLC, Isodiol International Inc., Pharmahemp d.o.o., Others.

“North America” had the largest share in the Cannabidiol Market.

The global market is projected to grow at a CAGR of 18% during the forecast period, 2023-2032.

The Cannabidiol Market size was valued at USD 17.50 Billion in 2022.

PURCHASE OPTIONS

$

3990


$

4990


$

5990


$

2290


$

2290

What You Get :

  • PDF Report Format.
  • Can be accessible by 1 single user.
  • Free 25% or 40 hours of customisation.
  • Free post-sale service assistance.
  • 15% discount on your next purchase.
  • Dedicated account Associate .
  • Permission to print the report.
  • Service guarantee available.
  • PDF and Excel Datasheet Formats.
  • Can be accessible upto 2 to 5 users.
  • Free 35% or 60 hours of customisation.
  • Free post-sale service assistance.
  • 25% discount on your next purchase.
  • Service guarantee available.
  • Personalised market brief by author.
  • Permission to print the report.
  • Report in your Language.
  • PDF, Excel and Power Point.
  • Can be accessible by unlimited users.
  • Free 40% or 80 hours of customisation.
  • Free post-sale service assistance.
  • 30% discount on your next purchase.
  • Permission to print the report.
  • Dedicated account manager.
  • Service guarantee available.
  • Report in your Language.
  • Excel Datasheet Format.
  • Customized access as per user request.
  • Upgradable to other licenses.
  • 15% discount on your next purchase.
  • Free 20% or 10 hours of customisation.
  • In-Depth Company Profiles.
  • SWOT Analysis.
  • Identify your Competitors.
  • Recent Development Analysis.
  • Competitor Pricing Strategies.
  • Competitor Marketing Strategies.
  • Competitor Positioning and Messaging.
  • Competitor Product’s Strengths.
  • Free 20% or 10 Hours of Customisation.
  • 15% Discount on your Next Purchase.
  • Upgradable to other licenses.
  • PDF Format.
  • Permission to Print the Report.

Want to customize this report?
100% FREE CUSTOMIZATION!