The Cannabidiol business report includes a microscopic perspective on extreme business competition. Significant aspects such as sales, income, benefits, creation, costs, import, send out, supply, request, and so forth identified with these market bodies are focused internally and externally in the investigation report dependent upon the Cannabidiol industry.  It also highlights the market value, growth rate, and key players operating the Cannabidiol Market. The examination includes profundity information on all the leading market substances. Key market operators have been financing extensively in R&D to enhance production to provide to the customers changing inclinations. An examination of the current market strategies and other key elements is provided in the Cannabidiol Market report. Market dynamics like drivers and restraints are explained in the most elaborate and best manner with the utilization of tables and graphs.

Cannabidiol Market Size, Share & Trends Analysis Report by Source Type (Hemp, Marijuana), By Distribution Channel (B2B, B2C), By End-use (Medical, Personal Use), By Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Market Overview

The global cannabidiol market size was valued at USD 2.8 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 21.2% from 2021 to 2028.

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CBD, or cannabidiol, is the second most prevalent active ingredient in cannabis (marijuana). While CBD is an essential component of medical marijuana, it is derived directly from the hemp plant, a cousin of marijuana, or manufactured in a laboratory.

Due to its healing properties, the demand for cannabidiol (CBD) for health and wellness purposes is high are some of the factors that have supported the long-term expansion of the Cannabidiol Market.

As the response to COVID-19 ramps up, retail stores have shut down, impacting CBD product sales. Disruptions in the supply chain have led to limited supply of other raw materials, hampering growth.

Regional Analysis

North America dominated the market with a revenue share of 37.3% and will continue to retain its leading position in the market. The presence of large health-conscious people in the region, growing acceptance of CBD-based products, the presence of major manufacturers, and approval of the U.S. Farm Bill in 2020 are some of the major factors driving the growth of the region.

Key Players

·         ENDOCA; Cannoid, LLC

·         Medical Marijuana, Inc.

·         Folium Biosciences

·         Elixinol

·         NuLeaf Naturals, LLC

·         Isodiol International, Inc.

·         Pharmahemp d.o.o.

Recent Developments

·         In October 2020, the Dental College of Georgia and Medical College of Georgia demonstrated the ability of CBD to reduce inflammation and physical lung damage and improve oxygen levels related to adult respiratory distress syndrome.

·         In March 2021, Greenheart CBD, an Irish company has become the first CBD company to offer decentralized finance token. The token will help the company to expand and offer cost-effective products to its token holders.

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Reasons to Acquire

·         Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors

·         Gain authentic and granular data access for Cannabidiol Market so as to understand the trends and the factors involved behind changing market situations

·         Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future

·         In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Table of Contents

Cannabidiol Market is segmented into source type, distribution channel, end user and region.

On the basis of Source Type

·         Hemp

·         Marijuana

On the basis of Distribution Channel 

·         B2B

·         B2C

On the basis of End-User 

·         Medical

·         Personal use

·         Pharmaceuticals

On the basis of the Region

·         Asia Pacific

·         North America

·         Europe

·         South America

·         Middle East & Africa

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