Cannabidiol Market is Projected to Register a Healthy CAGR of 33.85% in the Forecast to 2026

cannabidiol market is expected to register a healthy CAGR of 33.85% in the forecast period of 2019-2026. Cannabidiol (CBD) is a compound commonly found in hemp and marijuana plants, this extract is being studied to be developed as an effective anxiety medicine, pain reduction, and treatment of cognition improvements. This extract consists approximately forty percent of the entire plant and it is known to not cause any dependence effects on the human body.

Key Market Competitors:

Few of the major competitors currently working in the global cannabidiol market are Pure CBD Factory; Exactus, Inc.; ENDOCA; Medical Marijuana, Inc.; Isodiol International Inc; Cannoid, LLC; Canopy Growth Corporation; Elixinol; FOLIUM BIOSCIENCES; NuLeaf Naturals, LLC; Aphria; Phyto Animal Health; PharmaHemp d.o.o.; Aurora Cannabis; CBD American Shaman; CV Sciences, Inc.; Kazmira; IrieCBD; HempLife Today; Cura CS among others.

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Segmentation: Global Cannabidiol Market

·         By Source (Hemp, Marijuana), Product (Food Grade, Therapeutic Grade)

·         By Application (Personal Care & Cosmetics, Pharmaceutical, Food & Beverages, Others)

·         By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Stores, Others)

·         By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)

Competitive Analysis: Global Cannabidiol Market

Global cannabidiol market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cannabidiol market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Drivers:

·         Increasing favourable regulations regarding the usage of cannabis and associated products globally; this factor is expected to propel the growth of the market

·         Growing awareness amongst individuals regarding the various benefits associated with cannabidiol acts as a market driver

·         Growth in the volume of manufacturing activities of hemp is expected to boost the growth of the market

·         High levels of demands from the pharmaceutical industry with commercialization of various goods consisting of cannabidiol in the manufacturing process is expected to drive the growth of the market

Market Restraints:

·         Although, favourable regulations are still being presented from a variety of regions for the utilization of cannabis and associated products majority of the regions still have strict regulatory presence regarding its usage; this factor is expected to hinder the growth of the market

·         Lack of information and awareness regarding the various benefits in the developing regions of the world; this factor is expected to restrict the growth of the market

·         Lack of standardizations regarding the quality of products and their manufacturing process resulting in lower quality product development can also hamper the market growth

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Key Insights in the report:

·         Complete and distinct analysis of the market drivers and restraints

·         Key market players involved in this industry

·         Detailed analysis of the market segmentation

·         Competitive analysis of the key players involved

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