Cannabidiol (CBD) is a naturally occurring compound found in the cannabis plant. It is one of the many cannabinoids found in the plant and has become a popular natural remedy for a variety of health conditions. CBD is believed to interact with the body’s endocannabinoid system (ECS), which helps to maintain homeostasis or balance in the body. The ECS plays a role in regulating functions such as mood, sleep, appetite, and immune function. According to the latest estimates, the global cannabidiol market is set to achieve an incremental growth of USD 14.0 billion, accelerating at a CAGR of almost 13.45% during the forecast period 2023-2029.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global cannabidiol market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, application, and region. The global market for cannabidiol can be segmented by product: edibles, flower, oil & tinctures, pills & capsules, topicals, others. Globally, the oil & tinctures segment made up the largest share of the cannabidiol market. Cannabidiol market is further segmented by application: beauty and personal care, medicinal , pet foods, recreational. The medicinal segment captured the largest share of the market in 2022. Based on region, the cannabidiol market is segmented into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. According to the research, North America had the largest share in the global cannabidiol market.

Market Segmentation
By product: edibles, flower, oil & tinctures, pills & capsules, topicals, others
By application: beauty and personal care, medicinal , pet foods, recreational
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America

The report also provides a detailed analysis of several leading cannabidiol market vendors that include Aphria Inc., Aurora Cannabis Inc., Canopy Growth Corporation, Cronos Group Inc., CV Sciences Inc., Elixinol Wellness Limited, Endoca BV, Gaia Botanicals LLC D/B/A Bluebird Botanicals, GW Pharmaceuticals plc, Hemp Inc., Isodiol International Inc., Medical Marijuana Inc, Organigram Holdings Inc., Shaman Botanicals LLC dba CBD American Shaman, Tikun Olam LLC, Tilray Brands, Inc., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
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Scope of the Report
• To analyze and forecast the market size of the global cannabidiol market.
• To classify and forecast the global cannabidiol market based on product, application, region.
• To identify drivers and challenges for the global cannabidiol market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global cannabidiol market.
• To identify and analyze the profile of leading players operating in the global cannabidiol market.

Why Choose This Report
• Gain a reliable outlook of the global cannabidiol market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.