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Redding, California - November 8, 2024

Cannabidiol Market to Reach $71.06 Billion by 2031

Cannabidiol Market Size, Share, Forecast, & Trends Analysis by Product (Cannabidiol Oil, Cannabidiol Isolate), Source (Hemp), Nature (Organic), End User (Pharmaceutical, Food & Beverage, Nutraceutical), Distribution Channel (B2B) - Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled ‘Cannabidiol Market—Global Opportunity Analysis and Industry Forecast (2024-2031)’. According to this latest publication from Meticulous Research^®, the cannabidiol market is expected to reach $71.06 billion by 2031, at a CAGR of 30% from 2024 to 2031.

The growth of this market is driven by the rising legalization of cannabis, health benefits of cannabidiol-infused products, and growing demand for cannabidiol in medical applications. In addition, increasing adoption of cannabidiol in pet food and emerging nations in Asia-Pacific and Latin America are expected to create market growth opportunities for the stakeholders in this market. Moreover, growing demand for cannabidiol-infused beverages is a major trend in the cannabidiol market.

Key Players:

The cannabidiol market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the cannabidiol market are Aurora Cannabis Inc. (Canada), Cannoid, LLC (U.S.), NuLeaf Naturals, LLC (U.S.), Medical Marijuana, Inc. (U.S.), PharmaHemp d.o.o. (Slovenia), Water for Living LLC (U.S.), Elixinol Global Limited (Australia), Isodiol International Inc. (U.S.), Tilray Brands, Inc. (Canada), Tweedle Farms (U.S.), Endoca LLC (U.S.), and CV Sciences, Inc. (U.S.).

The cannabidiol market is segmented based on product, source, nature, end user, and distribution channel. This study also evaluates industry competitors and analyzes the regional and country-level markets.

Among the products studied in this report, in 2024, the cannabidiol oil segment is expected to dominate the cannabidiol market. The increasing adoption of CBD oil in medical, wellness, and pet food applications and rising health concerns such as anxiety, depression, chronic pain, and sleep disorders contribute to the segment’s dominant position in the cannabidiol market.

Among the sources studied in this report, the hemp-sourced cannabidiol segment is anticipated to hold the dominant position, with a large share of the cannabidiol market in 2024. The increasing acceptance and legalization of hemp-derived products across various regions, increasing demand from various industries such as food and beverages and pharmaceuticals, and lower THC content benefit reinforce the segment's dominance in the cannabidiol market.

Among the nature studied in this report, the non-organic segment is anticipated to hold the dominant position, with a large share of the cannabidiol market in 2024. The non-organic cannabidiol has extensive production, easy availability, and lower price compared to organic, contributing to its dominant position in the cannabidiol market.

Among the end users studied in this report, the pharmaceuticals segment is anticipated to hold the dominant position in the cannabidiol market in 2024. The factors such as increasing awareness regarding the medical benefits of cannabidiol, increasing drug trails to evaluate the effects of CBD on health conditions, and rising prevalence of chronic diseases contribute to the segment’s dominant position in the cannabidiol market.

Among the distribution channels studied in this report, the business-to-business (B2B) segment is anticipated to hold the dominant position, with a large share of the cannabidiol market in 2024. The increasing legalization of cannabis in several countries, rising demand from pharmaceuticals and wellness industries, and higher demand for CBD oil contribute to the segment’s dominant position in the cannabidiol market.

Geographic Review

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (Germany, France, Spain, Italy, U.K., Netherlands, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, Indonesia, Malaysia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, and Rest of Latin America), and the Middle East & Africa ((South Africa, Saudi Arabia, UAE, and the Rest of Middle East & Africa).

Among the geographies studied in this report, in 2024, North America is expected to dominate the cannabidiol market. The large share of this regional market can be attributed to the several factors, such as presence of established players, increasing acceptance of CBD products, growing incidence of chronic diseases, changing perceptions towards CBD consumption for both medical and recreational purposes, and ease of availability. Furthermore, in 2024, the U.S. is expected to account for a larger share of the cannabidiol market in North America.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=6083

Key Questions Answered in the Report-

What is the value of revenue generated by the sale of cannabidiol?
At what rate is the global demand for cannabidiol projected to grow for the next five to seven years?
What is the historical market size and growth rate for the cannabidiol market?
What are the major factors impacting the growth of this market at a global and regional levels?
What are the major opportunities for existing players and new entrants in the market?
Which product, source, nature, end user, and distribution channel segments create major traction for the manufacturers in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the cannabidiol market?
Who are the major players in the cannabidiol market? What are their specific product offerings in this market?
What recent developments have taken place in the cannabidiol market? What impact have these strategic developments created on the market?

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Redding, California - November 8, 2024

Cannabidiol Market to Reach $71.06 Billion by 2031

Cannabidiol Market Size, Share, Forecast, & Trends Analysis by Product (Cannabidiol Oil, Cannabidiol Isolate), Source (Hemp), Nature (Organic), End User (Pharmaceutical, Food & Beverage, Nutraceutical), Distribution Channel (B2B) - Global Forecast to 2031

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