Global Cannabidiol (CBD) Market 2023-2029
The global cannabidiol market is projected to rise by USD 14.0 billion by 2029, according to the latest market study results. It is anticipated to expand at a CAGR of 13.5 percent during the forecast period.
The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global cannabidiol market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, application, and region. The global market for cannabidiol can be segmented by product: edibles, flower, oil & tinctures, pills & capsules, topicals, others. The oil & tinctures segment was the largest contributor to the global cannabidiol market in 2022. Cannabidiol market is further segmented by application: beauty and personal care, medicinal , pet foods, recreational. According to the research, the medicinal segment had the largest share in the global cannabidiol market. Based on region, the cannabidiol market is segmented into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. North America held the largest revenue share in 2022.
Market Segmentation
By product: edibles, flower, oil & tinctures, pills & capsules, topicals, others
By application: beauty and personal care, medicinal , pet foods, recreational
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America
The report explores the recent developments and profiles of key vendors in the Global Cannabidiol Market, including Aphria Inc., Aurora Cannabis Inc., Canopy Growth Corporation, Cronos Group Inc., CV Sciences Inc., Elixinol Wellness Limited, Endoca BV, Gaia Botanicals LLC D/B/A Bluebird Botanicals, GW Pharmaceuticals plc, Hemp Inc., Isodiol International Inc., Medical Marijuana Inc, Organigram Holdings Inc., Shaman Botanicals LLC dba CBD American Shaman, Tikun Olam LLC, Tilray Brands, Inc., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
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Scope of the Report
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
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