A comprehensive overview of the global Cannabidiol Market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the cannabidiol markets globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the global market at regional and country levels. The global cannabidiol market is likely to showcase a robust growth of around ~21% during the forecast period (2022-2028).
Access sample report (including graphs, charts, and figures):- https://univdatos.com/get-a-free-sample-form-php/?product_id=31324
Market Overview
The cannabidiol market is expected to register a CAGR of around ~21% over the period of 2022-2028. Cannabidiol is a chemical compound that is found in the cannabis Sativa plant and is extracted from its hemp or cannabis. It has a wide range of therapeutic applications, such as stress relief, pain relief, diabetes prevention, depression treatment, and others. The primary factor influencing the market is the increased demand for Cannabidiol (CBD) for health and wellness purposes due to its therapeutic characteristics. In addition, the rising acceptance and use of products due to government approvals is a major factor that drives the market. Major healthcare companies are investing heavily in their products due to rising social awareness regarding personal care, pharmaceuticals, food and beverages, other associated pain disorders, and the treatment of seizures. For instance, in May 2021, dosist launched its progressive new range of CBD+ topical products which is focused on disrupting the pain category with all-natural solutions designed to help with pain relief.
Click here to view the Report Description & TOC - https://univdatos.com/report/cannabidiol-market/
COVID-19 Impact
During COVID-19, the countries enforced nationwide lockdowns as part of measures to limit the spread of the coronavirus. The COVID-19 pandemic had a substantial effect on the cannabidiol market. Due to supply chain disruption, restricted retail access, and restrictions on people's freedom of travel, the CBD industry experienced a severe decline in 2020–2021. The operations of numerous companies have been greatly impacted by this. The market participants also disclosed that although overall CBD sales decreased during the pandemic, they progressively increased as a result of the rising demand for CBD supplements and vitamins. As retail store owners began using different distribution methods, like home deliveries and curbside collection for the sale of the product, slow growth was seen in the CBD supplement market.
Ask for Price & Discounts @ https://univdatos.com/get-a-free-sample-form-php/?product_id=31324
The global cannabidiol market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Application, the market is primarily bifurcated into:
· Medical Pain
· Personal Care
· Pharmaceutical
· Food and Beverages
· Others
Based on application, the market is classified into medical pain, personal care, pharmaceutical, food and beverages, and others. Amongst applications, the medical pain (chronic pain, arthritis, migraine, cancer, and others) category accounted for a significant share of the market. This is mainly due to its use in the treatment of chronic pain, arthritis, migraine, and epilepsy. In June 2018, FDA gave approval to the first drug consisting of an active ingredient derived from marijuana for treating epilepsy.
By Type, the market is primarily bifurcated into:
· Flowers
· Oil and Tinctures
· Edibles
· Others
Based on type, the market is categorized into flowers, oil and tinctures, edibles, and others. Amongst types, the oil and tinctures category accounted for a significant share of the market. This segment is rising due to its proven medical ability in the treatment of various health conditions and the increasing number of patients preferring it over usually prescribed medicines. Cannabidiol oils are preferred as they are a blend of cannabis extracts and inert carrier oils. The oils are easier to find and are expected to support the growth of the segment over the forecast period. These results boost the production of cannabidiol.
Global Cannabidiol Market Geographical Segmentation Includes:
· North America
Ø United States
Ø Canada
Ø Rest of North America
· Europe
Ø Germany
Ø UK
Ø France
Ø Italy
Ø Spain
Ø Rest of Europe
· Asia-Pacific
Ø China
Ø Japan
Ø India
Ø Australia
Ø Rest of Asia-Pacific
· Rest of World
For a better understanding of the market adoption of the home-use beauty industry, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Rest of North America); Europe (Germany, UK, France, Italy, Spain, and Rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World. North America is expected to witness a significant market share and will continue to retain its leading position in the market during the forecast period on account of the growing various cannabidiol and therapeutic uses of marijuana products as well as the potential impact of marijuana legalization on the U.S. economy. The growing acceptance of cannabidiol-based products and the presence of many health-conscious people in the region. Moreover, the presence of well-established market players and frequent product launches in the region will dominate the market in this region.
Ask for Report Customization @ https://univdatos.com/get-a-free-sample-form-php/?product_id=31324
The major players targeting the market include:
· Canopy Growth Corporation
· CANNABIS SATIVA, INC
· GW Pharmaceuticals plc.
· Emerald Health Therapeutics Inc.
· Tilray.
· Aphria Inc
· Aurora Cannabis
· Medical Marijuana, Inc
· HempLife Today
· NuLeaf Naturals, LLC.
Competitive Landscape
The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating globally. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the global Cannabidiol Market. The major players have been analyzed by using research methodologies for getting insight views on market competition.
Key questions resolved through this analytical market research report include:
· What are the latest trends, new patterns, and technological advancements in the global cannabidiol market?
· Which factors are influencing the global cannabidiol market over the forecast period?
· What are the global challenges, threats, and risks in the global cannabidiol market?
· Which factors are propelling and restraining the global cannabidiol market?
· What are the demanding global regions of the global cannabidiol market?
· What will be the market size in the upcoming years?
· What are the crucial market acquisition strategies and policies applied by the companies?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature. Please let us know If you have any custom needs.
Click here to view the Report Description & TOC - https://univdatos.com/report/cannabidiol-market/