Global $13.4 Billion Cannabidiol Market to 2028 – Increasing Awareness CBD Health Benefits, Changing Consumer Opinion, and Attitude Toward CBD…

DUBLIN, March 24, 2021 /PRNewswire/ -- The "Cannabidiol Market Size, Share & Trends Analysis Report 2021-2028" report has been added to ResearchAndMarkets.com's offering.

The global cannabidiol market size is expected to reach USD 13.4 billion by 2028. The market is expected to expand at a CAGR of 21.2% from 2021 to 2028.

Increasing awareness about the health benefits of cannabidiol (CBD), changing consumer opinion, and attitude toward CBD products are some of the key factors driving the demand for these products. Furthermore, increasing demand for cannabidiol from various end-user industries such as food and beverage, personal care and cosmetics, and pharmaceuticals is expected to trigger market growth.

The recent COVID-19 pandemic has affected many industries around the world, including the CBD industry. The impact of COVID-19 has led to disruption in production processes, due to strict quarantine measures taken across the globe, there is a stagnation in the supply of products, including CBD products. In addition, most of the retail stores are currently closed due to the pandemic. Hence, the marketplace may face a slowdown amidst the pandemic, however, it can gain momentum in 2021, due to the increase in demand for CBD-based products in the coming years.

In 2020, the hemp segment accounted for the largest revenue share valued at USD 1.7 billion, owing to the rising awareness regarding the health benefits of products infused with cannabidiol derived from marijuana. On the other hand, hemp-derived CBD is expected to witness the fastest CAGR over the forecast period, owing to the increasing legalization of hemp in various countries.

The Business to Business (B2B) segment accounted for the largest revenue share in 2020 and is expected to witness a lucrative growth rate over the forecast period. Growing demand for cannabidiol products in various sectors such as health and wellness, pharmaceutical, food and additives, and cosmetics sectors has increased the need for companies to procure cannabidiol raw material or precursor material for their product in bulk. Hence, various growth opportunities are emerging in the cannabidiol wholesale business, which is expected to propel the growth of this segment.

North America dominated the market in 2020 and is expected to continue its dominance over the forecast period. Favorable regulations, increasing awareness about CBD oil, growing consumer preference, and a rise in the number of manufacturers are factors expected to fuel market growth in the region.

Cannabidiol Market Report Highlights

Key Topics Covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 CBD Market Variables, Trends & Scope3.1 Market Segmentation (Global Cannabidiol (CBD) Market)3.2 Global Cannabis Extracts Trade Route3.3 Global Cannabis Extracts Demand and Supply Analysis3.4 Penetration & Growth Prospects Mapping3.5 Cannabis Regulatory Scenario, By Country3.5.1 U.S.3.5.1.1 Cultivation/Production3.5.1.2 Legal Status (CBD & THC)3.5.1.3 Regulatory Bodies Involved3.5.2 Canada3.5.3 Germany3.5.4 Italy3.5.5 Croatia3.5.6 Netherlands3.5.7 Czech Republic3.5.8 Poland3.5.9 Switzerland3.5.10 Australia3.5.11 Israel3.5.12 Uruguay3.5.13 Colombia3.5.14 Argentina3.5.15 Chile3.6 Market Dynamics3.6.1 Market Driver Analysis3.6.1.1 Growing legalization of cannabis-based CBD products3.6.1.2 Increasing preference towards cannabis extracts such as oils and tinctures3.6.1.3 Growing adoption of CBD-based products for treating various medical conditions3.6.1.4 Rise in the number of retailers selling CBD-based products3.6.2 Market Restraint Analysis3.6.2.1 Stringent government regulations3.6.2.2 Absence of legalization programs in several asian and african countries3.6.2.3 High cost of CBD in leading markets3.6.3 Industry Challenges3.7 Cannabidiol (CBD) - Porter's Analysis3.8 Cannabidiol (CBD) - PESTEL Analysis3.9 Opportunity Analysis (2016-2020-2028)3.10 Import/Export Scenario, by Country3.11 Product Adoption Pattern Analysis3.12 Value Chain Analysis3.12.1 Raw Material Trends3.12.1.1 Market price evolution of biomass commodity cost (to processor)3.12.1.2 Manufacturing Trends3.13 Average Selling Price of Cannabidiol, by Country3.14 Key End Users3.14.1 U.S. Market Scenario3.15 COVID-19 Impact Analysis

Chapter 4 Cannabidiol (CBD) Market: Source Type Estimates & Trend Analysis4.1 Cannabidiol (CBD) Market Size & Forecasts And Trend Analysis By Source, 2016 - 2028, (USD Million)4.1.1 Hemp4.1.2 Marijuana

Chapter 5 Cannabidiol (CBD) Market: Distribution Channel Estimates & Trend Analysis5.1 Cannabidiol (CBD) Market, By Distribution Channel Analysis5.2 Business to Business (B2B)5.3 Business to Consumer (B2C)5.3.1 Hospital Pharmacies5.3.2 Online Stores5.3.3 Retail Stores

Chapter 6 Cannabidiol (CBD) Market: End-use Estimates & Trend Analysis6.1 Cannabidiol (CBD) Market, By End Use Analysis6.2 Medical6.2.1 Chronic Pain6.2.2 Mental Disorders6.2.3 Cancer6.2.4 Others6.3 Personal Use6.4 Pharmaceutical6.5 Wellness6.5.1 Food & Beverages6.5.2 Personal Care & Cosmetics6.5.3 Nutraceuticals

Chapter 7 Cannabidiol (CBD) Market: Regional Estimates & Trend Analysis7.1 Global Cannabidiol Market Share, By Region, 2020 & 2028

Chapter 8 Competitive Landscape

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Global $13.4 Billion Cannabidiol Market to 2028 - Increasing Awareness CBD Health Benefits, Changing Consumer Opinion, and Attitude Toward CBD...