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Cannabidiol Market
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
Report ID:MRFB - 1041400 Pages: 210 Nov-2024 Formats*: PDF Category: Food and Beverages Delivery: 24 to 72 HoursThe Cannabidiol Market was valued at $9.32 billion in 2023. This market is expected to reach $71.06 billion by 2031 from an estimated $11.32 billion in 2024, at a CAGR of 30% during the forecast period from 2024 to 2031.
Cannabidiol Market Size & Forecast
The growth of this market is driven by the increasing legalization of cannabis, health benefits offered by cannabidiol-infused products, and increasing demand for cannabidiol in medical applications. Moreover, the growing adoption of cannabidiol in pet food and emerging economies in Asia-Pacific and Latin America are expected to create market growth opportunities for the stakeholders operating in this market. Furthermore, the introduction of cannabidiol-infused beverages is a major trend in the cannabidiol market.
Key Findings
- By Product: In 2024, the CBD Oil Segment is Expected to Dominate the Cannabidiol Market
- By Source: In 2024, the Hemp-sourced Cannabidiol Segment is Expected to Dominate the Cannabidiol Market
- By Nature: In 2024, the Non-organic Segment is Expected to Dominate the Cannabidiol Market
- By End User: In 2024, the Pharmaceuticals Segment is Expected to Account for the Largest Share of the Cannabidiol Market
- By Distribution Channel: In 2024, the Business-to-Business (B2B) Segment is Expected to Account for a Larger Share of the Cannabidiol Market
- By Geography: North America is Expected to Dominate the Cannabidiol Market in 2024
Cannabidiol Market Growth Drivers
Increasing Legalization of Cannabis
The growing public awareness, changing legal landscape, and increasing acceptance of CBD product are boosting the demand for cannabis. More countries and states have started embracing cannabis for both recreational and medicinal use. As of 2024, 24 states, three territories, and the District of Columbia permitted cannabis use for recreational purpose and 37 states, three territories, and the District of Columbia permitted cannabis use for medicinal purposes. Notably, in February 2023, the German Bundestag approved the controlled use of cannabis, which allows adults to possess up to 50 grams of cannabis in private and up to 25 grams in public. In 2018, Canada legalized cannabis for both purposes.
As laws surrounding cannabis use soften, consumers are becoming more aware about the benefits of CBD, which has gained popularity for its potential therapeutic effects, such as reducing anxiety, alleviating pain, and improving sleep quality. This newfound accessibility is encouraging individuals who may have previously shied away from cannabis to explore its benefits, thus driving the demand for CBD products. From oils and tinctures to edibles and skincare, the variety available caters to a broad range of preferences and needs.
Moreover, the wellness trend is gaining momentum, with consumers actively seeking holistic and natural remedies. The perception of CBD as a safe and beneficial alternative to pharmaceuticals has led many to incorporate it into their daily health routines. As a result, wellness brands are increasingly integrating CBD into their offerings, creating a synergy that bolsters the compound's popularity.
Therefore, the ongoing legalization of cannabis is expected to support the growth of the CBD market significantly.
Health Benefits Offered by Cannabidiol-Infused Products
CBD, a non-psychoactive compound derived from the cannabis plant, is gaining traction for its potential therapeutic effects, which has spurred both consumer interest and market growth. The increasing awareness of health benefits associated with cannabidiol (CBD) has significantly driven the demand for CBD-infused products. CBD has numerous health benefits such as anxiety and stress reduction, pain management, neuroprotective properties, anti-inflammatory effects, and improved sleep quality, among others.
The primary health benefit of CBD is its ability to alleviate anxiety and stress. CBD helps in reduction in symptoms related to anxiety disorders, making CBD a popular alternative to traditional pharmaceuticals. Some studies suggest that CBD interacts with the body’s endocannabinoid system, potentially helping to regulate mood and promote a sense of calm. Pain relief is another major reason for the rising popularity of CBD products. CBD can be effective in managing chronic pain, inflammation, and even conditions like arthritis. As more individuals seek natural alternatives to over-the-counter pain medications, CBD offers a compelling option with fewer side effects.
Additionally, CBD is being explored for its neuroprotective properties, showing promise in managing conditions like epilepsy. The FDA has approved Epidiolex, a CBD-based medication for specific seizure disorders, which further bolsters confidence in CBD's therapeutic potential. Furthermore, CBD can improve sleep quality and duration after incorporating CBD into their nightly routines, addressing the growing prevalence of sleep disorders.
Furthermore, the rise of the wellness industry has fuelled demand for CBD-infused products in various forms, including oils, edibles, beverages, and topical applications. Consumers are increasingly seeking holistic approaches to health, and CBD fits well within this trend. The growing acceptance of cannabis-related products and with more extensive research, the demand for cannabidiol is expected to increase.
Cannabidiol Market Trends
Introduction of Cannabidiol-infused Beverages
The growing consumer interest in functional drinks that offer health benefits is driving the demand for cannabidiol-infused beverages. Several companies have recently launched innovative products that incorporate CBD, appealing to a diverse range of consumers. In September 2024, 3BW Ltd (U.K.), also known as One Living, launched cold pressed CBD drinks in the U.K. The drink is available in mint & lime and wild berry flavors. In August 2024, SKIP BRANDS LTD (U.K.) launched three sparkling variations, including peach & ginger, elderflower & mint, and lemon & basil. The drink contains 5mg of cold-pressed active CBD, fruit juices, and botanicals. In January 2024, Aurora Cannabis Inc. (Canada) launched three new cannabis-infused beverages for the patients looking for alternative forms of cannabis to support their wellbeing. These are available in three flavors: neon rush, strawberry pineapple tropical fizz, and pineapple coconut fizz.
The rise of these CBD-infused beverages is part of a broader trend towards functional drinks that not only quench thirst but also offer therapeutic effects. Consumers are increasingly looking for natural alternatives to traditional wellness products, and CBD beverages fit this demand by combining enjoyment with potential health benefits. The emphasis on cold-pressed methods and natural ingredients further enhances their appeal, as consumers become more health-conscious and discerning about product quality. Therefore, the introduction of cannabidiol-infused beverages represents a significant shift in the market, driven by innovation and consumer demand for health-enhancing products.
Cannabidiol Market Analysis: Top Market Opportunity
The Hemp-sourced Cannabidiol Segment to Dominate the Cannabidiol Market in 2024
Based on the source, the cannabidiol market is segmented into hemp-sourced cannabidiol and marijuana-sourced cannabidiol. In 2024, the hemp-sourced cannabidiol segment is expected to account for a larger share of the cannabidiol market. This segment’s large market share is primarily due to the widespread acceptance and legalization of hemp-derived products across various regions. In addition, hemp’s versatility allows it to be incorporated into a range of products, from food and beverages to pharmaceuticals. Furthermore, consumers increasingly prefer hemp-derived CBD for its lower THC content, due to its therapeutic benefits without psychoactive effects associated with marijuana.
Furthermore, the hemp segment is also projected to register a higher CAGR during the forecast period. This growth is mainly driven by growing demand for hemp from personal care applications, including cosmetics and skincare. The growing consumer awareness and innovations in health and wellness are expected to further boost the growth of this market.
Geographical Analysis
North America Dominates the Cannabidiol Market
Based on geography, the cannabidiol market is majorly segmented into five regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of the cannabidiol market, followed by Europe and Asia-Pacific. North America's significant market share can be attributed to several key factors, such as presence of key players, growing acceptance of CBD products, rising prevalence of chronic diseases, changing perceptions towards CBD consumption for both medical and recreational purposes, and ease of accessibility. Furthermore, in 2024, the U.S. is expected to account for a larger share in the North America cannabidiol market.
Moreover, this region is expected to record the highest CAGR during the forecast period of 2024–2031, due to the increasing health and wellness trends, increasing awareness regarding the health benefits of cannabidiol, rising investments from leading players, and technological advancements in the production and processing of cannabidiol.
Key Companies
The report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies adopted in the last three to four years. Some of 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.).
Cannabidiol Industry Overview: Latest Developments from Key Industry Players
- In January 2024, Aurora Cannabis Inc. (Canada) launched three new cannabis-infused beverages for the patients looking for alternative forms of cannabis to support their wellbeing. These are available in three flavors: neon rush, strawberry pineapple tropical fizz, and pineapple coconut fizz.
- In July 2023, HealthyTOKYO K.K. (Japan) launched highly concentrated CBD oil (CBD Oil 18.2%) to support individuals for stress relief.
- In April 2021, Canopy Growth Corporation (Canada) entered a partnership with Southern Glazer’s Wine & Spirits to leverage Quatreau – Canopy’s first line of CBD-infused beverages in the U.S. market.
Cannabidiol Market Research Summary
|
Particulars |
Details |
|
Number of Pages |
210 |
|
Format |
|
|
Forecast Period |
2024–2031 |
|
Base Year |
2024 |
|
CAGR (Value) |
30% |
|
Market Size (Value) in 2024 |
USD 11.32 Billion |
|
Market Size (Value)in 2031 |
USD 71.06 Billion |
|
Segments Covered |
By Product
By Source
By Nature
By End User
By Distribution Channel
|
|
Countries Covered |
North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, 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). |
|
Key Companies |
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.). |
Key Questions Answered in the Report:
The global cannabidiol market size was valued at $9.32 billion in 2023.
The market is projected to grow from $11.32 billion in 2024 to $71.06 billion by 2031.
The cannabidiol market analysis indicates a significant growth to reach $71.06 billion by 2031, at a compound annual growth rate (CAGR) of 30% from 2024 to 2031.
The key companies operating in this market include 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 major opportunities for the cannabidiol market are growing adoption of cannabidiol in pet food and emerging economies in Asia-Pacific and Latin America.
By product, the CBD oil segment is expected to dominate the market.
By source, the hemp-sourced cannabidiol segment is forecasted to hold a larger market share.
By nature, the non-organic segment is expected to dominate the market.
By end user, the pharmaceuticals segment is expected to dominate the market.
By distribution channel, the business-to-business segment is expected to dominate the market.
By geography, the North America segment is expected to command the largest market share.
By region, North America holds the largest cannabidiol market share in 2024. Moreover, this region is expected to witness the fastest growth, driven by increasing health and wellness trends and increasing awareness regarding the health benefits of cannabidiol.
The primary drivers of cannabidiol market growth include increasing legalization of cannabis, health benefits offered by cannabidiol-infused products and increasing demand for cannabidiol in medical applications.
1. Market Definition & Scope
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Approach
2.2. Process of Data Collection and Validation
2.2.1. Secondary Research
2.2.2. Primary Research/Interviews with Key Opinion Leaders from the Industry
2.3. Market Sizing and Forecast
2.3.1. Market Size Estimation Approach
2.3.1.1. Bottom-up Approach
2.3.1.2. Top-down Approach
2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study
3. Executive Summary
3.1. Overview
3.2. Segmental Analysis
3.2.1. Cannabidiol Market Analysis, by Product
3.2.2. Cannabidiol Market Analysis, by Source
3.2.3. Cannabidiol Market Analysis, by Nature
3.2.4. Cannabidiol Market Analysis, by End User
3.2.5. Cannabidiol Market Analysis, by Distribution Channel
3.3. Regional Analysis
3.4. Key Players & Competitive Scenario
4. Market Insights
4.1. Overview
4.2. Factors Affecting Market Growth
4.2.1. Increasing Legalization of Cannabis
4.2.2. Health Benefits offered by Cannabidiol-infused Products Boosting the Adoption of Cannabidiol
4.2.3. Increasing Demand for Cannabidiol in Medical Applications
4.2.4. Strict Government Regulations Against Cannabidiol Restraining Market Growth
4.2.5. High Cost of Cannabidiol Limiting Market Expansion
4.2.6. Growing Adoption of Cannabidiol in Pet Food Generating Market Growth Opportunities
4.2.7. Emerging Economies in Asia-Pacific and Latin America Creating Opportunities for the Cannabidiol Market
4.2.8. Health Risk Associated with Over-consumption of Cannabidiol Pose a challenge to the Market
4.3. Trends
4.3.1. Introduction of Cannabidiol-Infused Beverages
4.4. Regulatory Analysis
4.4.1. North America
4.4.2. Europe
4.4.3. Asia-Pacific
4.4.4. Latin America
4.4.5. Middle East & Africa
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of Substitutes
4.5.4. Threat of New Entrants
4.5.5. Degree of Competition
5. Cannabidiol Market Assessment—by Product
5.1. Overview
5.2. Cannabidiol Oil
5.3. Cannabidiol Isolates
5.4. Cannabidiol Concentrates
5.5. Others
6. Cannabidiol Market Assessment—by Source
6.1. Overview
6.2. Hemp-sourced Cannabidiol
6.3. Marijuana-sourced Cannabidiol
7. Cannabidiol Market Assessment—by Nature
7.1. Overview
7.2. Non-organic
7.3. Organic
8. Cannabidiol Market Assessment—by End User
8.1. Overview
8.2. Pharmaceuticals
8.3. Food & Beverages
8.3.1. Confectionary Products
8.3.2. Bakery Products
8.3.3. Beverages
8.3.4. Coffee & Tea Products
8.3.5. Other Food & Beverages
8.4. Personal Care Products
8.4.1. Skincare Products
8.4.1.1. Oils
8.4.1.2. Creams & Moisturizers
8.4.1.3. Masks & Serums
8.4.1.4. Other Skincare Products
8.4.2. Haircare Products
8.4.3. Deodorants & Perfumes
8.4.4. Other Personal Care Products
8.5. Nutraceuticals & Dietary Supplements
8.6. Other End Users
9. Cannabidiol Market Assessment—by Distribution Channel
9.1. Overview
9.2. Business-to-Business
9.3. Business-to-Consumer
9.3.1. Hospital Pharmacies
9.3.2. Others
10. Cannabidiol Market Assessment–by Geography
10.1. Overview
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.3. Europe
10.3.1. Germany
10.3.2. France
10.3.3. U.K.
10.3.4. Italy
10.3.5. Spain
10.3.6. Netherlands
10.3.7. Rest of Europe (RoE)
10.4. Asia-Pacific
10.4.1. China
10.4.2. India
10.4.3. Japan
10.4.4. Australia
10.4.5. South Korea
10.4.6. Indonesia
10.4.7. Malaysia
10.4.8. Rest of Asia-Pacific (RoAPAC)
10.5. Latin America
10.5.1. Brazil
10.5.2. Argentina
10.5.3. Mexico
10.5.4. Rest of Latin America (RoLATAM)
10.6. Middle East & Africa
10.6.1. Saudi Arabia
10.6.2. South Africa
10.6.3. UAE
10.6.4. Rest of Middle East & Africa (RoMEA)
11. Competitive Landscape
11.1. Overview
11.2. Key Growth Strategies
11.3. Competitive Benchmarking
11.4. Competitive Dashboard
11.4.1. Industry Leaders
11.4.2. Market Differentiators
11.4.3. Vanguards
11.4.4. Contemporary Stalwarts
11.5. Market Share/Ranking Analysis, by the Key Players, 2023
12. Company Profiles (Business Overview, Financial Overview, Product Portfolio, Strategic Developments, and SWOT Analysis*)
12.1. Aurora Cannabis Inc.
12.2. Elixinol Global Limited
12.3. Cannoid, LLC
12.4. NuLeaf Naturals, LLC
12.5. Medical Marijuana, Inc.
12.6. Water for Living LLC
12.7. Isodiol International Inc.
12.8. Tilray Brands, Inc.
12.9. Tweedle Farms
12.10. Endoca LLC
12.11. CV Sciences, Inc.
12.12. PharmaHemp d.o.o.
12.13. Other Companies
(Note: SWOT Analysis* will be provided of the Top 5 Companies)
13. Appendix
13.1. Available Customization
13.2. Related Reports
List of Tables
Table 1. Global Cannabidiol Market, by Product, 2022-2031 (USD Million)
Table 2. Global Cannabidiol Oil Market, by Country, 2022-2031 (USD Million)
Table 3. Global Cannabidiol Isolates Market, by Country, 2022-2031 (USD Million)
Table 4. Global Cannabidiol Concentrates Market, by Country, 2022-2031 (USD Million)
Table 5. Global Other Cannabidiol Types Market, by Country, 2022-2031 (USD Million)
Table 6. Global Cannabidiol Market, by Source, 2022-2031 (USD Million)
Table 7. Global Hemp-sourced Cannabidiol Market, by Country, 2022-2031 (USD Million)
Table 8. Global Marijuana-sourced Cannabidiol Market, by Country, 2022-2031 (USD Million)
Table 9. Global Cannabidiol Market, by Nature, 2022-2031 (USD Million)
Table 10. Global Non-organic Cannabidiol Market, by Country, 2022-2031 (USD Million)
Table 11. Global Organic Cannabidiol Market, by Country, 2022-2031 (USD Million)
Table 12. Global Cannabidiol Market, by End User, 2022-2031 (USD Million)
Table 13. Global Cannabidiol Market For Pharmaceuticals, by Country, 2022-2031 (USD Million)
Table 14. Global Cannabidiol Market For Food & Beverages, by Type, 2022-2031 (USD Million)
Table 15. Global Cannabidiol Market For Food & Beverages, by Country, 2022-2031 (USD Million)
Table 16. Global Cannabidiol Market For Confectionary Products, by Country, 2022-2031 (USD Million)
Table 17. Global Cannabidiol Market For Bekary Products, by Country, 2022-2031 (USD Million)
Table 18. Global Cannabidiol Market For Beverages, by Country, 2022-2031 (USD Million)
Table 19. Global Cannabidiol Market For Coffee & Tea Products, by Country, 2022-2031 (USD Million)
Table 20. Global Cannabidiol Market For Other Food & Beverages, by Country, 2022-2031 (USD Million)
Table 21. Global Cannabidiol Market For Personal Care Products, by Type, 2022-2031 (USD Million)
Table 22. Global Cannabidiol Market For Skincare Products, by Type, 2022-2031 (USD Million)
Table 23. Global Cannabidiol Market For Skincare Products, by Country, 2022-2031 (USD Million)
Table 24. Global Cannabidiol Market For Oils, by Country, 2022-2031 (USD Million)
Table 25. Global Cannabidiol Market For Creams & Moisturizers, by Country, 2022-2031 (USD Million)
Table 26. Global Cannabidiol Market For Masks & Serums, by Country, 2022-2031 (USD Million)
Table 27. Global Cannabidiol Market For Other Skincare Products, by Country, 2022-2031 (USD Million)
Table 28. Global Cannabidiol Market For Haircare Products, by Country, 2022-2031 (USD Million)
Table 29. Global Cannabidiol Market For Deodorants & Perfumes, by Country, 2022-2031 (USD Million)
Table 30. Global Cannabidiol Market For Other Personal Care Products, by Country, 2022-2031 (USD Million)
Table 31. Global Cannabidiol Market For Nutraceuticals & Dietary Supplements, by Country, 2022-2031 (USD Million)
Table 32. Global Cannabidiol Market For Other End Users, by Country, 2022-2031 (USD Million)
Table 33. Global Cannabidiol Market, by Distribution Channel, 2022-2031 (USD Million)
Table 34. Global Cannabidiol Market for Business-to-Business Channel, by Country, 2022-2031 (USD Million)
Table 35. Global Cannabidiol Market for Business-to-Consumer Channel, by Type, 2022-2031 (USD Million)
Table 36. Global Cannabidiol Market for Business-to-Consumer Channel, by Country, 2022-2031 (USD Million)
Table 37. Global Cannabidiol Market for Hospital Pharmacies, by Country, 2022-2031 (USD Million)
Table 38. Global Cannabidiol Market for Other Business-to-Consumer Channels, by Country, 2022-2031 (USD Million)
Table 39. Global Cannabidiol Market, by Region, 2022-2031 (USD Million)
Table 40. North America: Cannabidiol Market, by Country, 2022-2031 (USD Million)
Table 41. North America: Cannabidiol Market, by Product, 2022-2031 (USD Million)
Table 42. North America: Cannabidiol Market, by Source, 2022-2031 (USD Million)
Table 43. North America: Cannabidiol Market, by Nature, 2022-2031 (USD Million)
Table 44. North America: Cannabidiol Market, by End User, 2022-2031 (USD Million)
Table 45. North America: Cannabidiol Market for Food & Beverages, by Type, 2022-2031 (USD Million)
Table 46. North America: Cannabidiol Market for Personal Care Products, by Type, 2022-2031 (USD Million)
Table 47. North America: Cannabidiol Market for Skincare Products, by Type, 2022-2031 (USD Million)
Table 48. North America: Cannabidiol Market, by Distribution Channel, 2022-2031 (USD Million)
Table 49. North America: Cannabidiol Market for Business-to-Consumer Channel, by Type, 2022-2031 (USD Million)
Table 50. U.S.: Cannabidiol Market, by Product, 2022-2031 (USD Million)
Table 51. U.S.: Cannabidiol Market, by Source, 2022-2031 (USD Million)
Table 52. U.S.: Cannabidiol Market, by Nature, 2022-2031 (USD Million)
Table 53. U.S.: Cannabidiol Market, by End User, 2022-2031 (USD Million)
Table 54. U.S.: Cannabidiol Market for Food & Beverages, by Type, 2022-2031 (USD Million)
Table 55. U.S.: Cannabidiol Market for Personal Care Products, by Type, 2022-2031 (USD Million)
Table 56. U.S.: Cannabidiol Market for Skincare Products, by Type, 2022-2031 (USD Million)
Table 57. U.S.: Cannabidiol Market, by Distribution Channel, 2022-2031 (USD Million)
Table 58. U.S.: Cannabidiol Market for Business-to-Consumer Channel, by Type, 2022-2031 (USD Million)
Table 59. Canada: Cannabidiol Market, by Product, 2022-2031 (USD Million)
Table 60. Canada: Cannabidiol Market, by Source, 2022-2031 (USD Million)
Table 61. Canada: Cannabidiol Market, by Nature, 2022-2031 (USD Million)
Table 62. Canada: Cannabidiol Market, by End User, 2022-2031 (USD Million)
Table 63. Canada: Cannabidiol Market for Food & Beverages, by Type, 2022-2031 (USD Million)
Table 64. Canada: Cannabidiol Market for Personal Care Products, by Type, 2022-2031 (USD Million)
Table 65. Canada: Cannabidiol Market for Skincare Products, by Type, 2022-2031 (USD Million)
Table 66. Canada: Cannabidiol Market, by Distribution Channel, 2022-2031 (USD Million)
Table 67. Canada: Cannabidiol Market for Business-to-Consumer Channel, by Type, 2022-2031 (USD Million)
Table 68. Europe: Cannabidiol Market, by Country/Region, 2022-2031 (USD Million)
Table 69. Europe: Cannabidiol Market, by Product, 2022-2031 (USD Million)
Table 70. Europe: Cannabidiol Market, by Source, 2022-2031 (USD Million)
Table 71. Europe: Cannabidiol Market, by Nature, 2022-2031 (USD Million)
Table 72. Europe: Cannabidiol Market, by End User, 2022-2031 (USD Million)
Table 73. Europe: Cannabidiol Market for Food & Beverages, by Type, 2022-2031 (USD Million)
Table 74. Europe: Cannabidiol Market for Personal Care Products, by Type, 2022-2031 (USD Million)
Table 75. Europe: Cannabidiol Market for Skincare Products, by Type, 2022-2031 (USD Million)
Table 76. Europe: Cannabidiol Market, by Distribution Channel, 2022-2031 (USD Million)
Table 77. Europe: Cannabidiol Market for Business-to-Consumer Channel, by Type, 2022-2031 (USD Million)
Table 78. Germany: Cannabidiol Market, by Product, 2022-2031 (USD Million)
Table 79. Germany: Cannabidiol Market, by Source, 2022-2031 (USD Million)
Table 80. Germany: Cannabidiol Market, by Nature, 2022-2031 (USD Million)
Table 81. Germany: Cannabidiol Market, by End User, 2022-2031 (USD Million)
Table 82. Germany: Cannabidiol Market for Food & Beverages, by Type, 2022-2031 (USD Million)
Table 83. Germany: Cannabidiol Market for Personal Care Products, by Type, 2022-2031 (USD Million)
Table 84. Germany: Cannabidiol Market for Skincare Products, by Type, 2022-2031 (USD Million)
Table 85. Germany: Cannabidiol Market, by Distribution Channel, 2022-2031 (USD Million)
Table 86. Germany: Cannabidiol Market for Business-to-Consumer Channel, by Type, 2022-2031 (USD Million)
Table 87. France: Cannabidiol Market, by Product, 2022-2031 (USD Million)
Table 88. France: Cannabidiol Market, by Source, 2022-2031 (USD Million)
Table 89. France: Cannabidiol Market, by Nature, 2022-2031 (USD Million)
Table 90. France: Cannabidiol Market, by End User, 2022-2031 (USD Million)
Table 91. France: Cannabidiol Market for Food & Beverages, by Type, 2022-2031 (USD Million)
Table 92. France: Cannabidiol Market for Personal Care Products, by Type, 2022-2031 (USD Million)
Table 93. France: Cannabidiol Market for Skincare Products, by Type, 2022-2031 (USD Million)
Table 94. France: Cannabidiol Market, by Distribution Channel, 2022-2031 (USD Million)
Table 95. France: Cannabidiol Market for Business-to-Consumer Channel, by Type, 2022-2031 (USD Million)
Table 96. U.K.: Cannabidiol Market, by Product, 2022-2031 (USD Million)
Table 97. U.K.: Cannabidiol Market, by Source, 2022-2031 (USD Million)
Table 98. U.K.: Cannabidiol Market, by Nature, 2022-2031 (USD Million)
Table 99. U.K.: Cannabidiol Market, by End User, 2022-2031 (USD Million)
Table 100. U.K.: Cannabidiol Market for Food & Beverages, by Type, 2022-2031 (USD Million)
Table 101. U.K.: Cannabidiol Market for Personal Care Products, by Type, 2022-2031 (USD Million)
Table 102. U.K.: Cannabidiol Market for Skincare Products, by Type, 2022-2031 (USD Million)
Table 103. U.K.: Cannabidiol Market, by Distribution Channel, 2022-2031 (USD Million)
Table 104. U.K.: Cannabidiol Market for Business-to-Consumer Channel, by Type, 2022-2031 (USD Million)
Table 105. Italy: Cannabidiol Market, by Product, 2022-2031 (USD Million)
Table 106. Italy: Cannabidiol Market, by Source, 2022-2031 (USD Million)
Table 107. Italy: Cannabidiol Market, by Nature, 2022-2031 (USD Million)
Table 108. Italy: Cannabidiol Market, by End User, 2022-2031 (USD Million)
Table 109. Italy: Cannabidiol Market for Food & Beverages, by Type, 2022-2031 (USD Million)
Table 110. Italy: Cannabidiol Market for Personal Care Products, by Type, 2022-2031 (USD Million)
Table 111. Italy: Cannabidiol Market for Skincare Products, by Type, 2022-2031 (USD Million)
Table 112. Italy: Cannabidiol Market, by Distribution Channel, 2022-2031 (USD Million)
Table 113. Italy: Cannabidiol Market for Business-to-Consumer Channel, by Type, 2022-2031 (USD Million)
Table 114. Spain: Cannabidiol Market, by Product, 2022-2031 (USD Million)
Table 115. Spain: Cannabidiol Market, by Source, 2022-2031 (USD Million)
Table 116. Spain: Cannabidiol Market, by Nature, 2022-2031 (USD Million)
Table 117. Spain: Cannabidiol Market, by End User, 2022-2031 (USD Million)
Table 118. Spain: Cannabidiol Market for Food & Beverages, by Type, 2022-2031 (USD Million)
Table 119. Spain: Cannabidiol Market for Personal Care Products, by Type, 2022-2031 (USD Million)
Table 120. Spain: Cannabidiol Market for Skincare Products, by Type, 2022-2031 (USD Million)
Table 121. Spain: Cannabidiol Market, by Distribution Channel, 2022-2031 (USD Million)
Table 122. Spain: Cannabidiol Market for Business-to-Consumer Channel, by Type, 2022-2031 (USD Million)
Table 123. Netherlands: Cannabidiol Market, by Product, 2022-2031 (USD Million)
Table 124. Netherlands: Cannabidiol Market, by Source, 2022-2031 (USD Million)
Table 125. Netherlands: Cannabidiol Market, by Nature, 2022-2031 (USD Million)
Table 126. Netherlands: Cannabidiol Market, by End User, 2022-2031 (USD Million)
Table 127. Netherlands: Cannabidiol Market for Food & Beverages, by Type, 2022-2031 (USD Million)
Table 128. Netherlands: Cannabidiol Market for Personal Care Products, by Type, 2022-2031 (USD Million)
Table 129. Netherlands: Cannabidiol Market for Skincare Products, by Type, 2022-2031 (USD Million)
Table 130. Netherlands: Cannabidiol Market, by Distribution Channel, 2022-2031 (USD Million)
Table 131. Netherlands: Cannabidiol Market for Business-to-Consumer Channel, by Type, 2022-2031 (USD Million)
Table 132. Rest of Europe (RoE): Cannabidiol Market, by Product, 2022-2031 (USD Million)
Table 133. Rest of Europe (RoE): Cannabidiol Market, by Source, 2022-2031 (USD Million)
Table 134. Rest of Europe (RoE): Cannabidiol Market, by Nature, 2022-2031 (USD Million)
Table 135. Rest of Europe (RoE): Cannabidiol Market, by End User, 2022-2031 (USD Million)
Table 136. Rest of Europe (RoE): Cannabidiol Market for Food & Beverages, by Type, 2022-2031 (USD Million)
Table 137. Rest of Europe (RoE): Cannabidiol Market for Personal Care Products, by Type, 2022-2031 (USD Million)
Table 138. Rest of Europe (RoE): Cannabidiol Market for Skincare Products, by Type, 2022-2031 (USD Million)
Table 139. Rest of Europe (RoE): Cannabidiol Market, by Distribution Channel, 2022-2031 (USD Million)
Table 140. Rest of Europe (RoE): Cannabidiol Market for Business-to-Consumer Channel, by Type, 2022-2031 (USD Million)
Table 141. Asia-Pacific: Cannabidiol Market, by Country/Region, 2022-2031 (USD Million)
Table 142. Asia-Pacific: Cannabidiol Market, by Product, 2022-2031 (USD Million)
Table 143. Asia-Pacific: Cannabidiol Market, by Source, 2022-2031 (USD Million)
Table 144. Asia-Pacific: Cannabidiol Market, by Nature, 2022-2031 (USD Million)
Table 145. Asia-Pacific: Cannabidiol Market, by End User, 2022-2031 (USD Million)
Table 146. Asia-Pacific: Cannabidiol Market for Food & Beverages, by Type, 2022-2031 (USD Million)
Table 147. Asia-Pacific: Cannabidiol Market for Personal Care Products, by Type, 2022-2031 (USD Million)
Table 148. Asia-Pacific: Cannabidiol Market for Skincare Products, by Type, 2022-2031 (USD Million)
Table 149. Asia-Pacific: Cannabidiol Market, by Distribution Channel, 2022-2031 (USD Million)
Table 150. Asia-Pacific: Cannabidiol Market for Business-to-Consumer Channel, by Type, 2022-2031 (USD Million)
Table 151. China: Cannabidiol Market, by Product, 2022-2031 (USD Million)
Table 152. China: Cannabidiol Market, by Source, 2022-2031 (USD Million)
Table 153. China: Cannabidiol Market, by Nature, 2022-2031 (USD Million)
Table 154. China: Cannabidiol Market, by End User, 2022-2031 (USD Million)
Table 155. China: Cannabidiol Market for Food & Beverages, by Type, 2022-2031 (USD Million)
Table 156. China: Cannabidiol Market for Personal Care Products, by Type, 2022-2031 (USD Million)
Table 157. China: Cannabidiol Market for Skincare Products, by Type, 2022-2031 (USD Million)
Table 158. China: Cannabidiol Market, by Distribution Channel, 2022-2031 (USD Million)
Table 159. China: Cannabidiol Market for Business-to-Consumer Channel, by Type, 2022-2031 (USD Million)
Table 160. India: Cannabidiol Market, by Product, 2022-2031 (USD Million)
Table 161. India: Cannabidiol Market, by Source, 2022-2031 (USD Million)
Table 162. India: Cannabidiol Market, by Nature, 2022-2031 (USD Million)
Table 163. India: Cannabidiol Market, by End User, 2022-2031 (USD Million)
Table 164. India: Cannabidiol Market for Food & Beverages, by Type, 2022-2031 (USD Million)
Table 165. India: Cannabidiol Market for Personal Care Products, by Type, 2022-2031 (USD Million)
Table 166. India: Cannabidiol Market for Skincare Products, by Type, 2022-2031 (USD Million)
Table 167. India: Cannabidiol Market, by Distribution Channel, 2022-2031 (USD Million)
Table 168. India: Cannabidiol Market for Business-to-Consumer Channel, by Type, 2022-2031 (USD Million)
Table 169. Japan: Cannabidiol Market, by Product, 2022-2031 (USD Million)
Table 170. Japan: Cannabidiol Market, by Source, 2022-2031 (USD Million)
Table 171. Japan: Cannabidiol Market, by Nature, 2022-2031 (USD Million)
Table 172. Japan: Cannabidiol Market, by End User, 2022-2031 (USD Million)
Table 173. Japan: Cannabidiol Market for Food & Beverages, by Type, 2022-2031 (USD Million)
Table 174. Japan: Cannabidiol Market for Personal Care Products, by Type, 2022-2031 (USD Million)
Table 175. Japan: Cannabidiol Market for Skincare Products, by Type, 2022-2031 (USD Million)
Table 176. Japan: Cannabidiol Market, by Distribution Channel, 2022-2031 (USD Million)
Table 177. Japan: Cannabidiol Market for Business-to-Consumer Channel, by Type, 2022-2031 (USD Million)
Table 178. Australia: Cannabidiol Market, by Product, 2022-2031 (USD Million)
Table 179. Australia: Cannabidiol Market, by Source, 2022-2031 (USD Million)
Table 180. Australia: Cannabidiol Market, by Nature, 2022-2031 (USD Million)
Table 181. Australia: Cannabidiol Market, by End User, 2022-2031 (USD Million)
Table 182. Australia: Cannabidiol Market for Food & Beverages, by Type, 2022-2031 (USD Million)
Table 183. Australia: Cannabidiol Market for Personal Care Products, by Type, 2022-2031 (USD Million)
Table 184. Australia: Cannabidiol Market for Skincare Products, by Type, 2022-2031 (USD Million)
Table 185. Australia: Cannabidiol Market, by Distribution Channel, 2022-2031 (USD Million)
Table 186. Australia: Cannabidiol Market for Business-to-Consumer Channel, by Type, 2022-2031 (USD Million)
Table 187. South Korea: Cannabidiol Market, by Product, 2022-2031 (USD Million)
Table 188. South Korea: Cannabidiol Market, by Source, 2022-2031 (USD Million)
Table 189. South Korea: Cannabidiol Market, by Nature, 2022-2031 (USD Million)
Table 190. South Korea: Cannabidiol Market, by End User, 2022-2031 (USD Million)
Table 191. South Korea: Cannabidiol Market for Food & Beverages, by Type, 2022-2031 (USD Million)
Table 192. South Korea: Cannabidiol Market for Personal Care Products, by Type, 2022-2031 (USD Million)
Table 193. South Korea: Cannabidiol Market for Skincare Products, by Type, 2022-2031 (USD Million)
Table 194. South Korea: Cannabidiol Market, by Distribution Channel, 2022-2031 (USD Million)
Table 195. South Korea: Cannabidiol Market for Business-to-Consumer Channel, by Type, 2022-2031 (USD Million)
Table 196. Indonesia: Cannabidiol Market, by Product, 2022-2031 (USD Million)
Table 197. Indonesia: Cannabidiol Market, by Source, 2022-2031 (USD Million)
Table 198. Indonesia: Cannabidiol Market, by Nature, 2022-2031 (USD Million)
Table 199. Indonesia: Cannabidiol Market, by End User, 2022-2031 (USD Million)
Table 200. Indonesia: Cannabidiol Market for Food & Beverages, by Type, 2022-2031 (USD Million)
Table 201. Indonesia: Cannabidiol Market for Personal Care Products, by Type, 2022-2031 (USD Million)
Table 202. Indonesia: Cannabidiol Market for Skincare Products, by Type, 2022-2031 (USD Million)
Table 203. Indonesia: Cannabidiol Market, by Distribution Channel, 2022-2031 (USD Million)
Table 204. Indonesia: Cannabidiol Market for Business-to-Consumer Channel, by Type, 2022-2031 (USD Million)
Table 205. Malaysia: Cannabidiol Market, by Product, 2022-2031 (USD Million)
Table 206. Malaysia: Cannabidiol Market, by Source, 2022-2031 (USD Million)
Table 207. Malaysia: Cannabidiol Market, by Nature, 2022-2031 (USD Million)
Table 208. Malaysia: Cannabidiol Market, by End User, 2022-2031 (USD Million)
Table 209. Malaysia: Cannabidiol Market for Food & Beverages, by Type, 2022-2031 (USD Million)
Table 210. Malaysia: Cannabidiol Market for Personal Care Products, by Type, 2022-2031 (USD Million)
Table 211. Malaysia: Cannabidiol Market for Skincare Products, by Type, 2022-2031 (USD Million)
Table 212. Malaysia: Cannabidiol Market, by Distribution Channel, 2022-2031 (USD Million)
Table 213. Malaysia: Cannabidiol Market for Business-to-Consumer Channel, by Type, 2022-2031 (USD Million)
Table 214. Rest of Asia-Pacific (RoAPAC): Cannabidiol Market, by Product, 2022-2031 (USD Million)
Table 215. Rest of Asia-Pacific (RoAPAC): Cannabidiol Market, by Source, 2022-2031 (USD Million)
Table 216. Rest of Asia-Pacific (RoAPAC): Cannabidiol Market, by Nature, 2022-2031 (USD Million)
Table 217. Rest of Asia-Pacific (RoAPAC): Cannabidiol Market, by End User, 2022-2031 (USD Million)
Table 218. Rest of Asia-Pacific (RoAPAC): Cannabidiol Market for Food & Beverages, by Type, 2022-2031 (USD Million)
Table 219. Rest of Asia-Pacific (RoAPAC): Cannabidiol Market for Personal Care Products, by Type, 2022-2031 (USD Million)
Table 220. Rest of Asia-Pacific (RoAPAC): Cannabidiol Market for Skincare Products, by Type, 2022-2031 (USD Million)
Table 221. Rest of Asia-Pacific (RoAPAC): Cannabidiol Market, by Distribution Channel, 2022-2031 (USD Million)
Table 222. Rest of Asia-Pacific (RoAPAC): Cannabidiol Market for Business-to-Consumer Channel, by Type, 2022-2031 (USD Million)
Table 223. Middle East & Africa: Cannabidiol Market, by Country/Region, 2022-2031 (USD Million)
Table 224. Middle East & Africa: Cannabidiol Market, by Product, 2022-2031 (USD Million)
Table 225. Middle East & Africa: Cannabidiol Market, by Source, 2022-2031 (USD Million)
Table 226. Middle East & Africa: Cannabidiol Market, by Nature, 2022-2031 (USD Million)
Table 227. Middle East & Africa: Cannabidiol Market, by End User, 2022-2031 (USD Million)
Table 228. Middle East & Africa: Cannabidiol Market for Food & Beverages, by Type, 2022-2031 (USD Million)
Table 229. Middle East & Africa: Cannabidiol Market for Personal Care Products, by Type, 2022-2031 (USD Million)
Table 230. Middle East & Africa: Cannabidiol Market for Skincare Products, by Type, 2022-2031 (USD Million)
Table 231. Middle East & Africa: Cannabidiol Market, by Distribution Channel, 2022-2031 (USD Million)
Table 232. Middle East & Africa: Cannabidiol Market for Business-to-Consumer Channel, by Type, 2022-2031 (USD Million)
Table 233. Saudi Arabia: Cannabidiol Market, by Product, 2022-2031 (USD Million)
Table 234. Saudi Arabia: Cannabidiol Market, by Source, 2022-2031 (USD Million)
Table 235. Saudi Arabia: Cannabidiol Market, by Nature, 2022-2031 (USD Million)
Table 236. Saudi Arabia: Cannabidiol Market, by End User, 2022-2031 (USD Million)
Table 237. Saudi Arabia: Cannabidiol Market for Food & Beverages, by Type, 2022-2031 (USD Million)
Table 238. Saudi Arabia: Cannabidiol Market for Personal Care Products, by Type, 2022-2031 (USD Million)
Table 239. Saudi Arabia: Cannabidiol Market for Skincare Products, by Type, 2022-2031 (USD Million)
Table 240. Saudi Arabia: Cannabidiol Market, by Distribution Channel, 2022-2031 (USD Million)
Table 241. Saudi Arabia: Cannabidiol Market for Business-to-Consumer Channel, by Type, 2022-2031 (USD Million)
Table 242. South Africa: Cannabidiol Market, by Product, 2022-2031 (USD Million)
Table 243. South Africa: Cannabidiol Market, by Source, 2022-2031 (USD Million)
Table 244. South Africa: Cannabidiol Market, by Nature, 2022-2031 (USD Million)
Table 245. South Africa: Cannabidiol Market, by End User, 2022-2031 (USD Million)
Table 246. South Africa: Cannabidiol Market for Food & Beverages, by Type, 2022-2031 (USD Million)
Table 247. South Africa: Cannabidiol Market for Personal Care Products, by Type, 2022-2031 (USD Million)
Table 248. South Africa: Cannabidiol Market for Skincare Products, by Type, 2022-2031 (USD Million)
Table 249. South Africa: Cannabidiol Market, by Distribution Channel, 2022-2031 (USD Million)
Table 250. South Africa: Cannabidiol Market for Business-to-Consumer Channel, by Type, 2022-2031 (USD Million)
Table 251. UAE: Cannabidiol Market, by Product, 2022-2031 (USD Million)
Table 252. UAE: Cannabidiol Market, by Source, 2022-2031 (USD Million)
Table 253. UAE: Cannabidiol Market, by Nature, 2022-2031 (USD Million)
Table 254. UAE: Cannabidiol Market, by End User, 2022-2031 (USD Million)
Table 255. UAE: Cannabidiol Market for Food & Beverages, by Type, 2022-2031 (USD Million)
Table 256. UAE: Cannabidiol Market for Personal Care Products, by Type, 2022-2031 (USD Million)
Table 257. UAE: Cannabidiol Market for Skincare Products, by Type, 2022-2031 (USD Million)
Table 258. UAE: Cannabidiol Market, by Distribution Channel, 2022-2031 (USD Million)
Table 259. UAE: Cannabidiol Market for Business-to-Consumer Channel, by Type, 2022-2031 (USD Million)
Table 260. Rest of Middle East & Africa (RoMEA): Cannabidiol Market, by Product, 2022-2031 (USD Million)
Table 261. Rest of Middle East & Africa (RoMEA): Cannabidiol Market, by Source, 2022-2031 (USD Million)
Table 262. Rest of Middle East & Africa (RoMEA): Cannabidiol Market, by Nature, 2022-2031 (USD Million)
Table 263. Rest of Middle East & Africa (RoMEA): Cannabidiol Market, by End User, 2022-2031 (USD Million)
Table 264. Rest of Middle East & Africa (RoMEA): Cannabidiol Market for Food & Beverages, by Type, 2022-2031 (USD Million)
Table 265. Rest of Middle East & Africa (RoMEA): Cannabidiol Market for Personal Care Products, by Type, 2022-2031 (USD Million)
Table 266. Rest of Middle East & Africa (RoMEA): Cannabidiol Market for Skincare Products, by Type, 2022-2031 (USD Million)
Table 267. Rest of Middle East & Africa (RoMEA): Cannabidiol Market, by Distribution Channel, 2022-2031 (USD Million)
Table 268. Rest of Middle East & Africa (RoMEA): Cannabidiol Market for Business-to-Consumer Channel, by Type, 2022-2031 (USD Million
Table 269. Recent Developments, by Company (2020–2024)
List of Figures
Figure 1. Research Process
Figure 2. Secondary Types Referenced for this Study
Figure 3. Primary Research Techniques
Figure 4. Key Executives Interviewed
Figure 5. Breakdown of Primary Interviews (Supply Side & Demand Side)
Figure 6. Market Sizing and Growth Forecast Approach
Figure 7. In 2024, the CBD Oil Segment to Dominate the Global Cannabidiol Market
Figure 8. In 2024, the Hemp-sourced Cannabidiol Segment to Dominate the Global Cannabidiol Market
Figure 9. In 2024, the Non-organic Segment to Dominate the Global Cannabidiol Market
Figure 10. In 2024, the Pharmaceuticals Segment to Dominate the Global Cannabidiol Market
Figure 11. In 2024, the Business-to-Business (B2B) Segment to Dominate the Global Cannabidiol Market
Figure 12. In 2024, North America Dominates the Overall Cannabidiol Market
Figure 13. Impact Analysis of Market Dynamics
Figure 14. Cannabidiol Market: Porter’s Five Forces Analysis
Figure 15. Global Cannabidiol Market, by Product, 2024 Vs. 2031 (USD Million)
Figure 16. Global Cannabidiol Market, by Source, 2024 Vs. 2031 (USD Million)
Figure 17. Global Cannabidiol Market, by Nature, 2024 Vs. 2031 (USD Million)
Figure 18. Global Cannabidiol Market, by End User, 2024 Vs. 2031 (USD Million)
Figure 19. Global Cannabidiol Market, by Distribution Channel, 2024 Vs. 2031 (USD Million)
Figure 20. Global Cannabidiol Market For Business-to-Consumer, by Type, 2024 Vs. 2031 (USD Million)
Figure 21. North America: Cannabidiol Market Snapshot (2024)
Figure 22. Europe: Cannabidiol Market Snapshot (2024)
Figure 23. Asia-Pacific: Cannabidiol Market Snapshot (2024)
Figure 24. Latin America: Cannabidiol Market Snapshot (2024)
Figure 25. Middle East & Africa: Cannabidiol Market Snapshot (2024)
Figure 26. Key Growth Strategies Adopted by Leading Players (2021–2024)
Figure 27. Global Cannabidiol Market Competitive Benchmarking, by Product
Figure 28. Competitive Dashboard: Global Cannabidiol Market
Figure 29. Aurora Cannabis Inc.: Financial Overview (2024)
Figure 30. Tilray Brands, Inc.: Financial Overview (2024)
Figure 31. CV Sciences, Inc.: Financial Overview (2023)
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