Global CBD Nutraceuticals Market Size study, by Product Type (CBD Tinctures, Capsules & Softgels, CBD Gummies), By Sales Channel (Retail Stores, Online, Pharmacies) and Regional Forecasts 2022-2028

Global CBD Nutraceuticals Market Size study, by Product Type (CBD Tinctures, Capsules & Softgels, CBD Gummies), By Sales Channel (Retail Stores, Online, Pharmacies) and Regional Forecasts 2022-2028

Global CBD Nutraceuticals Market is valued approximately USD 6.37 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 18.80% over the forecast period 2022-2028. Growing consumer preference for plant-based supplements, increased awareness of the medical benefits of cannabidiol, including its therapeutic properties, legalisation of hemp-derived CBD (cannabidiol) products in various countries, and rising living standards are some of the key factors driving growth of the market. Several nutraceutical businesses are joining the CBD market, offering a diverse range of supplements and functional meals. MGC Pharma, for example, has released nutraceutical-based products in China, including CBD capsules, water-soluble CBD solution, and hemp powder. These products have quickly acquired favour among customers because they provide the medicinal advantages of cannabidiol without the intoxication. Growing competition in the CBD nutraceuticals industry is putting pressure on firms to introduce new products and expand geographically. Aphria Inc., for example, entered the German market in April 2019 by introducing CannRelief, the company's first cannabidiol-based nutraceuticals product line. MGC Pharmaceuticals, an Australian biopharmaceutical company, partnered with the Chinese e-commerce platform YuShop Global in April 2019 to seek entrance into the Chinese CBD nutraceuticals market. Such increased rivalry is expected to drive market expansion. Growing demand for hemp protein among athletes, bodybuilders, and vegans is likely to boost the market for cannabidiol (CBD) nutraceuticals over the forecast period. Thailand removed hemp seeds and hemp oil from the list of prohibited narcotics in September 2019 and is likely to boost the use of CBD as a health supplement in the country. However, the presence of alternatives such as the herbal nutraceuticals, such as Garcinia Cambogia, raspberry ketones, echinacea, and turmeric stifles market growth throughout the forecast period of 2022-2028.

The key regions considered for the Global CBD Nutraceuticals Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. The market was dominated by North America. The adoption of the 2018 Farm Bill, which allowed hemp cultivation and processing of hemp-derived goods, the growing number of health-conscious customers, and the presence of large manufacturers in the region are important drivers driving market expansion. Asia Pacific, on the other hand, is expected to grow at the highest rate throughout the projection period, owing to increased legalisation and encouraging rules for the use of cannabidiol-infused products in the region's countries.

Major market player included in this report are:
Charlotte's Web
Elixinol
Medical Marijuana Inc.
CV Sciences Inc.
Irwin Naturals
Diamond CBD
Green Roads
MEDTERRA
Isodiol
Garden of Life
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:
By Product:
CBD Tinctures
Capsules & Softgels
CBD Gummies
Others

By Sales Channel:
Retail Stores
Online
Pharmacies

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global CBD Nutraceuticals Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

Charlotte's Web
Elixinol
Medical Marijuana Inc.
CV Sciences Inc.
Irwin Naturals
Diamond CBD
Green Roads
MEDTERRA
Isodiol
Garden of Life

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