Latest News- Cannabidiol (CBD) Market: Marijuana is expected to lead the Source segment during 2025-2029

The Cannabidiol (CBD) Market is being driven by Legalization and regulatory changes with respect to cannabidiol

The Cannabidiol (CBD) Market is expected to grow at a CAGR of 24.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 56501.5 million. The burgeoning digital landscape, characterized by the widespread use of the Internet and smartphones, is significantly expanding the horizons of retail commerce. Millennials, in particular, are embracing online shopping due to its convenience, security, and time-efficiency. Leading international e-commerce platforms, such as Alibaba Group Holding Ltd. (Alibaba) and Amazon.com Inc. (Amazon), are capitalizing on this trend by offering competitive pricing, detailed product descriptions, and secure transactions. The proliferation of omnichannel retailing has further fueled the adoption of online retail distribution channels. Secure payment gateways and cash-on-delivery (COD) options are instrumental in driving sales of cannabis-infused products through these channels. Consequently, the expansion of the online retail market is poised to bolster the growth of the global Cannabidiol (CBD) market. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Source
  • Marijuana
  • Hemp
• Distribution Channel
  • Offline
  • Online
• End-user
  • Medical
  • Personal use
  • Wellness
• Geography
  • North America
    • Canada
    • Mexico
    • US
  • Europe
    • Germany
    • UK
    • France
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Legalization and regulatory changes with respect to cannabidiol
• Rising consumer shift toward natural and holistic wellness solutions
• Rising popularity of cannabidiol oil

However, the market also witnesses some limitations, which are as follows:

• High cost of cannabidiol products
• Challenges associated with retail distribution channels
• International trade and export restrictions

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Market Scope in Cannabidiol (CBD) Market Research Report

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Research Analysis Overview

The Cannabidiol (CBD) market encompasses various aspects, including hemp and cannabis cultivation, advanced CBD extraction methods such as supercritical CO2 and ethanol, CBD isolate production and purification. Post-extraction, CBD undergoes formulation, bioavailability enhancement through nanoemulsions and liposomes, and transformation into diverse products like transdermal patches, microdoses, and customized offerings. Brands focus on loyalty programs, effective marketing strategies, and ensuring quality through certifications, assurance, and third-party testing. Preclinical studies and scientific evidence validate CBD's efficacy and safety, while legislation, compliance, and consumer protection shape the industry landscape. Ethical sourcing, sustainable agriculture, and environmental impact are essential considerations, alongside social responsibility and industry associations. Trade shows and conferences foster knowledge exchange and growth within the dynamic CBD market.

Market Research Overview

The CBD market encompasses a range of products, including CBD oil, gummies, topicals, capsules, isolate, broad spectrum, and full spectrum edibles. This market falls under the broader umbrella of the global pharmaceuticals industry, which includes companies and entities involved in the research and development or production of generic and non-generic drugs, veterinary medicines, and related equipment, supplies, and services. According to Technavio, the growth of the pharmaceuticals market is anticipated to be driven by several factors, including the increasing global population aging, with the number of individuals over 60 years old in the US projected to reach approximately 25% by 2050, and Europe projected to reach a similar ratio by 2030.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/