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The global Cannabidiol (CBD) market size was USD 3.86 Billion in 2022 and is expected to register a rapid revenue CAGR of 28.3% during the forecast period. Increasing preference toward cannabis extracts, such as oils and tinctures, rising adoption of CBD-based products for treating various medical conditions and number of retailers selling Cannabidiol (CBD)-based products, and changing regulatory landscape for approval of CBD products across regions are key factors driving market revenue growth.
The report is updated with the latest economic scenario and market scope with regard to the ongoing COVID-19 pandemic. The report covers growth prospects as well as current and futuristic revenue estimations in a post COVID scenario. The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market. The pandemic has changed the economic scenario of the world and has affected several sectors of the market. The report estimates the market for Cannabidiol according to the impact of COVID-19.
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The leading market contenders listed in the report are:
Canopy Growth, Aphria, Inc., Aurora Cannabis, Maricann, Inc., Tilray, GW Pharmaceuticals, ABcann Medicinals, Inc., Organigram Holding, Inc., Tikun Olam, The Cronos Group, ENDOCA, Isodiol International, Inc., MEDICAL MARIJUANA, INC., Cannoid, LLC, Elixinol, Folium Biosciences, NuLeaf Naturals, LLC., Pharmahemp d.o.o., Kazmira LLC, and Green Roads
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Market Segmentations of the Cannabidiol Market
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Regional Outlook of the Cannabidiol Market
The global Cannabidiol market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global Cannabidiol market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
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