The global cannabidiol (CBD) market is expected to grow at a CAGR of around 16.1% during 2024-2033. This report on global cannabidiol (CBD) market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global cannabidiol (CBD) market by segmenting the market based on source, product, application, route of administration, and region. Also, detailed profiles of companies operating in the cannabidiol (CBD) market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
• Increasing Prevalence of Chronic Diseases
• Increasing Awareness Among the Consumers
Market Challenges
• Stringent Regulations
Historical & Forecast Period
Base Year: 2023
Historical Period: 2019-2023
Forecast Period: 2024-2033
Market by Source
• Hemp
• Marijuana
Market by Product
• Oil
• Tinctures
• Tablet
• Capsules
• Other Products
Market by Application
• Anxiety/ Stress
• Neurological Conditions
• Skin Care
• Other Applications
Market by Route of Administration
• Oral
• Topical
• Inhalation
• Transdermal Patches
• Rectal
• Sublingual
Market by Sales Channel
• Online
• Offline
Market by Region
• Europe
o Germany
o United Kingdom
o France
o Italy
o Spain
o Russia
o Netherlands
o Rest of Europe
• North America
o United States
o Canada
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Rest of Asia Pacific
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
• Middle East & Africa
o Saudi Arabia
o Turkey
o Iran
o United Arab Emirates
o Rest of Middle East & Africa