U.S. cannabidiol (CBD) market is expected to gain significant growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 28.6% in the forecast period of 2022 to 2029 and is expected to reach USD 13,655.70 million by 2029. The major factor driving the growth of the cannabidiol market is the growing demand for CBD in health & fitness, improving government approvals & regulations, therapeutic properties of CBD oil, and consumers’ shift towards legally purchasing cannabis, for medical as well as recreational use. Analysis and discussion of major industry trends, market size, sales volume, and market share is described well in the reliable U.S. Cannabidiol (CBD) Market report.
Regionally, the global cannabidiol (CBD) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America region is estimated to garner largest market share over the forecast period on the back of health-aware population, rising acceptance of cannabis-based products supported by lenient laws, and growing research on the effects of cannabinoids. The market in the Asia Pacific is projected to grow significantly over the forecast period owing to the growing cultivation of hemp and marijuana in the countries, such as, China, backed by the favorable climatic conditions in the region. China is one of the largest producers of hemp and exports more than 85% of the produce to the U.S., Germany, and other countries. However, illegal trade of cannabis sativa in the region, is expected to hinder the regional market growth. The market in Latin America is estimated to witness moderate growth during the forecast period, owing to the increasing cultivation and trade of hemp and marijuana, backed by flexible government regulation in the underdeveloped nations.
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Due to the rising prevalence of cancer, an increasing number of individuals are undergoing chemotherapy and experiencing nausea. Muscle disorders have also increased in recent years as a result of countless people around the world adopting a sedentary lifestyle. Cannabidiol (CBD) medications have been shown to be useful against symptoms, and they are becoming increasingly popular among patients. Furthermore, Cannabidiol (CBD) products are subjected to several scientific trials involving the treatment of a variety of illnesses, including neuropathic pain, among others. As a result, while conventional medicine exists to treat such disorders, worries about its adverse effects have paved the door for Cannabidiol (CBD) products to enter the market. Furthermore, regulatory agencies such as the FDA have given it commercial approval due to its shown therapeutic effects.
CBD Type
- Hemp
- Marijuana
Product Type
- CBD Oil
- CBD Isolates
- CBD Concentrates
- Others
CBD Category
- Full-Spectrum
- Broad Spectrum
Grade
- Food
- Therapeutic
Application
- Tincture
- Food
- Pharmaceuticals
- Dietary Supplements
- Beverages
- Topicals
- Others
Nature
- Organic
- Inorganic
Highlight of Table of Content:
§ Chapter 1: Market overview
§ Chapter 2: U.S. Cannabidiol Market analysis
§ Chapter 3: Regional analysis of the U.S. Cannabidiol Market
§ Chapter 4: Market segmentation based on types and applications
§ Chapter 5: Revenue analysis based on types and applications
§ Chapter 6: Market share
§ Chapter 7: Competitive Landscape
§ Chapter 8: Drivers, Restraints, Challenges, and Opportunities
§ Chapter 9: Gross Margin and Price Analysis
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Some of the prominent participants operating in the U.S. cannabidiol (CBD) market are Socati, Sawyer Labs, Groff North America Hemplex, Valens Company Inc., Canopy Growth Corporation, Cresco Labs, EcoGen Biosciences, Healthy Food Ingredients, KND Labs, and Open Book Extracts among other
Profound Questions Answered in this Report:
· What is the growth rate of various stages in the value chain of the industry?
· Which region has the highest growth rate and size of the emerging market by value in 2021?
· Who are the competitive players in U.S. Cannabidiol Market?
· Which region has the largest share and degree of competition in the industry?
· What is the CAGR of the market during the forecast period 2021 to 2029?
· Which region is expected to hold the highest market share for the market?
· What is the main driver of the U.S. Cannabidiol Market?
· What is sales volume, revenue, and price analysis of top players of the market?
· What are the market opportunities and threats faced by the vendors in the industry?
· What has been the impact of COVID-19 on U.S. Cannabidiol Market?
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