Global Cannabidiol market is expected to register a healthy CAGR of 33.85% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the increased levels of spending being incurred on commercialized cannabis products.
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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.
Global Cannabidiol Market Trends:
Personal Care & Cosmetics
Food & Beverages
By Distribution Channel:
Middle East and Africa
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Top Manufacturers Covered in the Report:
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.
Recent Developments in the Market:
In August 2019, Exactus, Inc. announced that they had acquired Green Goddess Extracts, based out of Florida, United States and dealing in the manufacturing & distribution of hemp products. This acquisition extends the manufacturing capabilities of Exactus, Inc. while complementing the existing portfolio of products, along with enhancing the distribution capabilities
In June 2019, Pure CBD Factory announced the availability of “Hemp CBD Oil Tinctures”, available in three sizes as well as in the form of a topical cream. All of the products have been organically created and under the Non-GMO certifications. This innovative launch is designed to meet the growing demand of CBD oil throughout the globe.
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Depending on client’s requirements, business and product information has brought together via this report that ultimately helps businesses take better decisions. It includes major manufacturers, suppliers, distributors, traders, customers, investors, major types, and major applications. This Cannabidiol Market study analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors. This market research report is a persuaded solution to have top-quality market research data that suits best to your business needs. This Cannabidiol Market research reports not only saves valuable time but also add credibility to the work.
Reasons to Purchase this Report
Current and future of Cannabidiol Market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
Regions/countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
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All segmentation provided above in this report is represented at country level and can be customized according to needs.
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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