Authored By: Sarah
29 Aug 2023

CBD Market | Discover Top Trends and Drivers

Cannoid LLC, Canopy Growth Corp., CBD American Shaman LLC, CV Sciences Inc., Elixinol, Endoca BV, Gaia Botanicals LLC are some of the key market vendors

The CBD market and it is expected to grow by $ 29.91 billion, accelerating at a CAGR of almost 26.93% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to enable growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.


For more details: Request for our FREE Sample Report


CBD Market: Market Segments and Key Trends

The cannabidiol  market is segmented by Market Landscape (Marijuana and Hemp) and Geography (North America, Europe, APAC, South America, and MEA). North America led the market with 53% of the market growth set to originate from this region during the forecast period. High cost of CBD products is one of the challenges that will need to be overcome to drive growth. The research report provides market share projections of each segment along with a detailed analysis of all the factors that are likely to boost growth within specific regions as well as global markets.

CBD Market: Top Drivers to Boost Demand

Rising popularity of CBD oil is one of the primary factors that will drive the growth of the CBD market. In addition, high demand from several other end-user industries such as the personal care sector, food and beverages, and health-care sector are expected to drive market growth. The report provides a detailed study of this and all the other drivers that are likely to boost the market growth. For a deeper understanding of this market request our FREE Sample Report. Our analysis will help the client to prepare for recovery and growth post the havoc caused by the pandemic.

CBD (Cannabidiol) Market to Grow by Nearly $30 Billion | Trends, Drivers and Vendor Forecasts for 2021-2025

CBD Market: Competitive Landscape

The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Cannoid LLC, Canopy Growth Corp., CBD American Shaman LLC, CV Sciences Inc., Elixinol, Endoca BV, Gaia Botanicals LLC, Isodiol International Inc., and NuLeaf Naturals LLC are some of the major market participants. For more insights on this market: Download a Free Sample Report

CBD Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive CBD market growth during the next five years
  • Precise estimation of the CBD market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the CBD market industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of CBD market vendors

Browse through some of our related research reports for more insights:

  • Medical Marijuana Market: Technavio has been monitoring the medical marijuana market and it is expected to grow by $ 27.72 billion, accelerating at a CAGR of almost 19% during the forecast period.
  • Hemp-based Foods Market: Technavio has been monitoring the hemp-based foods market and it is expected to grow by $ 364.98 million, accelerating at a CAGR of almost 12% during the forecast period.
  • CBD Oil Market: Technavio has been monitoring the CBD oil market and it is expected to grow by $ 3.05 billion, accelerating at a CAGR of almost 26.72% during the forecast period.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market will accelerate at a CAGR of 26.93%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 29.91 bn through 2021-2025.

     
  3. What is a key factor driving this market?
    Rising popularity of CBD oil will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    53% growth will originate from North America

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Cannoid LLC, Canopy Growth Corp., CBD American Shaman LLC, CV Sciences Inc., Elixinol, Endoca BV, Gaia Botanicals LLC, Isodiol International Inc., and NuLeaf Naturals LLC

     
  7. What are the market segments covered in this report?
    The market is segmented by Market Landscape (Marijuana and Hemp) and Geography (North America, Europe, APAC, South America, and MEA)
Read News Read Less
Interested in this report?
Get your sample now!
Technavio
Document