What is CBD Wellness Products - Market Scope?
CBD is the short form of cannabidiol is one of the active chemical compounds found in marijuana and hemp. CBD is not psychoactive as it interacts with the endocannabinoid system in the body’s which helps maintain a state of balance. CBD Wellness Products offer a number of health benefits such as pain relief, better sleep, relief from anxiety disorders, etc. CBD wellness products are available in three forms Full-spectrum CBD, Broad-spectrum CBD, and CBD isolate.
The CBD Wellness Products - market study is being classified by Type (Full-spectrum CBD, Broad-spectrum CBD and CBD isolate) and major geographies with country level break-up.
The global CBD Wellness Products market provides a wide range of CBD Products resulting in growth in distribution channels, Hospital pharmacies, retail stores. Companies are investing in the launch and enhancement of CBD products in the market Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global CBD Wellness Products - market throughout the predicted period.
Gaia Herbs (United States), NuLeaf Naturals LLC (United States), Diamond CBD (United States), Endoca (Netherlands), CV Sciences (United States), Cornbread Hemp (United States), Joy Organics (United States), Lazarus Naturals (United States), Saha Self-Care (United States), Empower Bodycare (United States), JustLive (United States), Medterra (United States), cbdMD (United States), Vertical Wellness (United States), Avicanna Inc. (United States), Greenrise Wellbeing (Germany), Secret Nature (United States) and WB Canna Co. & Wellness 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 CBD Wellness Products - market by Type, Application and Region.
On the basis of geography, the market of CBD Wellness Products - 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). North America region held largest market share in the year 2021.
Market Influencers and their development strategies
On 30 June 2021 Vertical Wellness, a leader in the branded health and wellness space, has announced a merger with CanaFarma Hemp Products Corp., a full-service company operating in the hemp industry offering a full range of hemp-related products and services. and On November 3, 2021, Alternative Medical Products Inc. announced it has acquired Greenrise GmbH ("Greenrise Wellbeing") from its founders, Messrs. Hendrik Knopp, Florian Witt, and Alex Hintz. Mr. Hendrik Knopp has been appointed to the board of directors, Mr. Florian Witt has been appointed as Chief Operating Officer, and Mr. Alex Hintz as Chief Product Officer.
On 16 June 2021 The top names in cannabidiol (CBD) and wellness, including cbdMD, Marley™ CBD, and Secret Nature, will be available for the first time in Caribbean and Central American markets thanks to WB Canna Co. & Wellness, one of the first new companies in the region focused on the distribution of top-quality CBD and wellness products. and On 20 December 2021, Avicanna Inc. a biopharmaceutical company focused on the development, manufacturing, and commercialization of plant-derived cannabinoid-based products, is pleased to announce the launch of the re+PLAY sports recovery-based CBD brand through a partnership with Harrington Wellness, founded by NBA veteran Al Harrington.
“The FD&C Act, any product, including a cannabis product (hemp or otherwise), that is marketed with a claim of therapeutic benefit, or with any other disease claim, is considered to be a drug. A new drug must be approved by the FDA for its intended use before it may be introduced into interstate commerce.”
Influencing Market Trend
- Rising Popularity of CBD Wellness Product in Pets for Stress/Anxiety Management
Market Drivers
- Growing Demand for Plant-based Wellness products for their Natural healing Properties
- Rising Sleep and Mental Health Disorders
Opportunities
- Wide range of CBD Wellness Products Leads Growth in Distribution Markets B2B and B2C
- CBD Wellness Products on the Rise Creating Number of Start-up, Medical Segments in the Global market
Restraints
- Mislabelling Hamper Products Quality Hindering CBD Wellness Product Market
Challenges
- Lacking in Promotional Activities Constraining CBD Wellness Products Market Value
Key Target Audience
CBD Wellness Products Manufacturing Industries, Research and Development Institutes, Potential Investors Regulatory Bodies Upstream and Downstream Buyers and Others
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