Global CBD Nutraceuticals Market Overview:
The global CBD nutraceuticals market is expected to expand in the forecast period due to a growing consumer preference for plant-based supplements and rising awareness regarding the medical benefits of cannabidiol including its remedial properties. The industry continues to expand because of a variety of factors such as increasing acceptance of CBD for health and wellness purposes coupled with high bioavailability of tinctures when administered sublingually.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
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 |
Influencing Trend:
Increasing Approvals for Using CBD as Food Supplements
Market Growth Drivers:
Growing Demand for Hemp Protein among Athletes, Bodybuilders and Increasing Awareness Regarding the Health Benefits of Cannabidiol
Challenges:
Uncertain Government Regulations related to the Usage of CBD Food Supplements
Restraints:
Presence of Alternatives like the Herbal Nutraceuticals, such as Echinacea, and Turmeric and Fluctuating Prices of Raw Material
Opportunities:
Rising Consumer Preference for Plant-based Ingredients in Dietary Supplement and Growth in Developing Countries
Competitive Landscape:
Leading key players are focusing on strategic partnerships to improve their products and services. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
Some of the key players profiled in the report are Elixinol (United States), Medical Marijuana, Inc. (United States), CV Sciences, Inc. (United States), Irwin Naturals (United States), Diamond CBD (United States), Green Roads (United States), MEDTERRA (United States), Isodiol (Canada), Garden of Life (United States) and Foria Wellness (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global CBD Nutraceuticals market by 2030.
Latest Market Insights:
In April 2019, Australian biopharmaceutical firm, MGC Pharmaceuticals entered into a partnership with the Chinese e-commerce platform-YuShop Global for gaining entry in the Chinese CBD nutraceuticals space.
In April 2019, Aphria Inc. through its subsidiary Aphria Deutschland GmbH launched the Company's first CBD-based nutraceutical, the first product in its CBD-based cosmetics line for the German market. Featuring CBD derived from hemp, the CannRelief brand of products are being produced in the European Union and distributed by the Company's subsidiary, CC Pharma, which has access to more than 13,000 pharmacies throughout Germany.
What Can be Explored with the CBD Nutraceuticals Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global CBD Nutraceuticals Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in CBD Nutraceuticals
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global CBD Nutraceuticals market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in CBD Nutraceuticals market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes CBD Nutraceuticals Manufactures, CBD Nutraceuticals Suppliers, CBD Nutraceuticals Distributors, Government Regulatory Bodies, Private Research Organizations, Government Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.