Global Cannabidiol (CBD) Market Report 2022: Rising Demand for Natural & Ingestible Products and Expanding Research Areas Present Avenues for Growth

DUBLIN, July 29, 2022 /PRNewswire/ -- The "Global Cannabidiol (CBD) Market: Analysis By Product, By Source, By End User, By Distribution Channel, By Region Size and Trends with Impact of COVID-19 and Forecast up to 2026" report has been added to ResearchAndMarkets.com's offering.

In 2021, the global CBD market was valued at US$4.20 billion. The market is projected to reach US$12.64 billion by 2026. The growing regulatory approvals is a major driver of the market. The CBD market is expected to grow at a CAGR of 25.53% during the forecast period of 2022-2026.

Market Segmentation Analysis:

• By Product: The report identifies eleven segments on the basis of product: Oil, Tinctures, Capsules, Cream and roll on, Isolates, Transdermal Patches, Suppository, CBD Inhalers, Vape oil, Tablet and Others.
• By Source: The report includes bifurcation of the market into two segments on the basis of source: marijuana and hemp.
• By End User: On the basis of end user, the market is divded into two segments: medical and other end users. 
• By Distribution Channel: The report includes bifurcation of the market into two segments on the basis of distribution channel: online and offline
• By Region

Global CBD Market Dynamics:

Growth Drivers

• Increasing millennial Population
• Rising Government Approvals of CBD Products
• Growing Application of CBD in Skincare Industry
• Increasing Prevalence of Chronic Pain

Challenges

• Availability of Duplicate & Synthetic Products
• Lack of Awareness Among Consumers

Market Trends

• Rising Online sales of Cannabidiol (CBD)
• Use of Blockchain Technology
• Rising Demand for Natural Products
• Expanding Research Areas
• Rising Demand for Ingestible Products

Key players of the global CBD market are:

• Canopy Growth Corporation
• Elixinol Wellness Limited
• Jazz Pharmaceuticals PLC
• High Tide Inc. (NuLeaf Natural LLC)
• CV Sciences Inc.
• Tilray Brand Inc.
• Medical Marijuana, Inc.
• Aurora Pharmaceutical, Inc.
• Medterra
• Endoca
• Isodiol International Inc.
• CBD American Shaman

Key Topics Covered:

1. Executive Summary

2. Introduction

3. Global Market Analysis

4. Regional Market Analysis

5. Impact of COVID-19

6. Market Dynamics

7. Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/r/ibx5lt

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SOURCE Research and Markets