What is Cannabidiol (CBD) Market Scope?
Cannabidiol (CBD) is a chemical in the Cannabis sativa plant, also known as cannabis or hemp. Cannabidiol can be taken internally in multiple ways, including by inhaling cannabis smoke or vapor, orally, and as an aerosol spray into the cheek. Cannabidiol is an active cannabinoid used as an adjunctive treatment for the management of seizures associated with Lennox-Gastaut syndrome or Dravet syndrome and symptomatic relief of moderate to severe neuropathic pain or other painful conditions, like cancer. Cannabidiol (CBD) for health and wellness purposes is strong due to its therapeutic characteristics are the driver of market growth.
Influencing Trend:
Increase In Research And Development Activities In The Biopharma Sector
Market Growth Drivers:
High Demand for Cannabis-Related Pharmaceutical Products., Rising Geriatric Population In Need Of Treatment for Chronic Diseases and Growing Demand for Cannabis Testing Products from Luxury Cannabis Products
Challenges:
CBD products are very expensive.
Restraints:
Many Side Effect Of CBD Oil and Cause's Major Side Impact
Opportunities:
CBD's medicinal applications are expanding.
The Cannabidiol (CBD) market study is being classified by Type (Recreational, Medicinal and Synthetic.), by Application and major geographies with country level break-up.
Global CBD Market is a fragmented market due to the presence of a large number of established competitors. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
INSYS Therapeutics, INC (United States), EPIDOLEX (United Kingdom), Night food holding (United States), pivot pharmaceuticals INC (Canada), marijuana company of America (United States), ENDOCA (United States), Cannoid, LLC (United States), Folium Biosciences (United States), Elixinol (United States) and NuLeaf Naturals, LLC (United States) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Cannabidiol (CBD) market by Type, Application and Region.
On the basis of geography, the market of Cannabidiol (CBD) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In March 2021, is pleased to announce that it has entered into a binding agreement for its subsidiary to acquire all of the issued share capital of CannaCare Health GmbH (CannaCare), a company incorporated in Germany (Proposed Transaction). The vendors of CannaCare are Mr. Frank Otto, Ms. Annette-Rosa Oplesch, and an entity associated with Mr. Michael Oplesch (Vendors). The Proposed Transaction is subject to the satisfaction of certain conditions precedent, the details of which are set out below.
In October 2021, Elixinol, announces its partnership with CBD Emporium, a leading retail specialty CBD chain with corporate-owned and franchise locations throughout the country. Elixinol’s product line, featuring multiple formats and unique formulations, including tinctures, liposomes, capsules, and topicals, are available at all CBD Emporium’s retail locations and its online store. CBD Emporium has also expanded its business to include franchise opportunities to entrepreneurs
Key Target Audience
Regulatory bodies, Including government agencies and NGO, Commercial research and development (RandD) institutions, Government organizations, research organizations, and consulting firms, Trade associations and industry bodies, End-use industries and Others
Cannabidiol (CBD) Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Cannabidiol (CBD) Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Cannabidiol (CBD) industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.