The “Cannabidiol Global Market Report 2023” report has been added to ResearchAndMarkets.com’s offering.

The global cannabidiol market grew from $6.82 billion in 2022 to $9.4 billion in 2023 at a compound annual growth rate (CAGR) of 37.8%. The cannabidiol market is expected to grow to $31.85 billion in 2027 at a CAGR of 35.7%.

The cannabidiol (CBD) market encompasses a range of CBD products, including full-spectrum CBD, broad-spectrum CBD, and CBD isolate, with values reflecting the factory gate values or the prices at which manufacturers and creators sell their goods. These goods are distributed to downstream manufacturers, wholesalers, distributors, retailers, and end customers, and the market’s value includes related services offered by the creators of these CBD products.

CBD, derived from cannabis plants, serves various purposes, from treating epilepsy, anxiety, and pain to addressing conditions like dystonia, Parkinson’s disease, and Crohn’s disease. It also finds applications in coffee and skincare products and pet treats.

In 2022, North America emerged as the largest region in the cannabidiol market, while the Asia-Pacific region is projected to witness the fastest growth in the forecast period. The market report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Cannabidiol products come in various forms, including oils, tinctures, suppositories, transdermal patches, vape oils, isolates, creams, roll-ons, capsules, tablets, and more. CBD oil, for instance, is extracted from cannabis plants and diluted with carrier oils like coconut or hemp seed oil. These products have diverse applications, from medical and personal use to pharmaceuticals and wellness, and they are distributed through channels such as hospital pharmacies, retail pharmacies, online stores, and others.

One driving force behind the cannabidiol market’s growth is the increasing acceptance and use of CBD products, thanks to government approvals. Recognizing the potential medical benefits of cannabidiol, governments worldwide are taking steps to improve regulatory pathways for lawful CBD product marketing, ensuring public health while promoting market growth. For instance, in January 2022, Australia’s Therapeutic Goods Administration approved a substantial number of SAS Category B applications for unapproved medicinal cannabis products.

Product innovation is a noteworthy trend in the cannabidiol market, allowing companies to stand out in a competitive landscape and attract more customers. For example, Cibdol, a Netherlands-based CBD and wellness company, launched its exclusive CBD Oil 2.0 range in December 2021, featuring higher levels of essential compounds like CBC, CBG, CBN, and CBDa alongside pure CBD. This innovative CBD oil formula addresses various modern living-related challenges, from appetite and mood to pain and sleep.

Additionally, in August 2021, Canada-based greenhouse produce company Village Farms International Inc. acquired Balanced Health Botanicals for $75 million, strengthening its position in the US retail CBD market. Balanced Health Botanicals is known for producing high-quality health and wellness products in the hemp-derived CBD market, aligning with Village Farms International Inc.’s expansion goals.

These developments underscore the dynamic nature of the cannabidiol market, driven by factors like government approvals and product innovation, promising growth and evolution in the foreseeable future.

Major players in the cannabidiol market are

• ENDOCA
• Cannoid, LLC
• Medical Marijuana, Inc.
• Folium Biosciences
• Elixinol
• NuLeaf Naturals, LLC
• Isodiol International, Inc.
• Pharmahemp d.o.o.
• Canopy Growth Corp
• CV Sciences Inc.
• Endoca BV
• Medterra
• The Cronos Group
• CBD American Shaman LLC
• Walgreens Boots Alliance
• Aphria, Inc.
• Maricann, Inc.
• Tilray
• Organigram Holding, Inc.
• CannTrust

Key Topics Covered:

1. Executive Summary

2. Cannabidiol Market Characteristics

3. Cannabidiol Market Trends And Strategies

4. Cannabidiol Market – Macro Economic Scenario
4.1 COVID-19 Impact On Cannabidiol Market
4.2 Ukraine-Russia War Impact On Cannabidiol Market
4.3 Impact Of High Inflation On Cannabidiol Market

5. Cannabidiol Market Size And Growth
5.1. Global Cannabidiol Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Cannabidiol Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market

6. Cannabidiol Market Segmentation
6.1. Global Cannabidiol Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

• Oil
• Tinctures
• Suppository
• Transdermal Patches
• Vape Oil
• Isolates
• Creams And Roll-On
• Capsules
• Tablet
• Other Products

6.2. Global Cannabidiol Market, Segmentation By Source, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

• Marijuana
• Hemp

6.3. Global Cannabidiol Market, Segmentation By Treatment, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

• CBD Oil
• Supplements

6.4. Global Cannabidiol Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

• Medical
• Personal Use
• Pharmaceuticals
• Wellness

6.5. Global Cannabidiol Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

• Hospital Pharmacies
• Retail Pharmacies
• Online Stores
• Other Distribution Channels

7. Cannabidiol Market Regional And Country Analysis
7.1. Global Cannabidiol Market, Split By Region, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
7.2. Global Cannabidiol Market, Split By Country, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

For more information about this report visit https://www.researchandmarkets.com/r/p1rys

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products, and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]  
 
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll-Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
 
U.S. Fax: 646-607-1907
Fax (outside the U.S.): +353-1-481-1716

SOURCE Research and Markets

 The “Global Industrial Hemp Market Size By Type, By Application, By Sources, By Geographic Scope And Forecast” report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Industrial Hemp Market, including its growth prospects, market trends, and market challenges.

JERSEY CITY, N.J., Sept. 12, 2023 /PRNewswire/ — The Global Industrial Hemp Market is projected to grow at a CAGR of 14.05% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 8.10 Billion in 2022 and is expected to reach USD 23.20 Billion by the end of the forecast period.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample?rid=117111

Browse in-depth TOC on “Industrial Hemp Market“

202 – Pages
126 – Tables
37 – Figures

Global Industrial Hemp Market: Growing Demand and Regulatory Shifts Shape Industry Landscape

The global Industrial Hemp Market is poised for significant expansion, driven by an array of market drivers and regulatory shifts. Key players such as Hemp Oil Canada, Hemp Inc., Konoplex Group, BAFA, Hemp Poland, Dun Agro, HempFlax BV, HempFlax BV, and others are at the forefront of this transformative industry, capitalizing on the increasing consumer awareness of hemp-based products and their diverse applications.

Industrial Hemp Market Drivers:

• Diverse Applications: Industrial hemp is a versatile commodity utilized across numerous sectors, including clothing, textiles, food and beverages, cosmetics, dietary supplements, paper production, construction materials, and more. This wide-ranging applicability fuels Industrial Hemp Market growth.
• Health and Sustainability: Rising consumer health consciousness and the demand for natural, sustainable products are propelling the market. Hemp oil, with its high essential fatty acid content, is garnering attention for its health benefits, particularly in the food and beverage industry.
• Automotive Sector: Industrial hemp’s exceptional mechanical properties make it an ideal choice for specialty paper, insulation, and bio-composites in the automotive industry. As governments worldwide focus on fuel efficiency, the demand for lightweight materials is set to soar, benefiting key players in this space.
• Regulatory Liberalization: Favorable regulatory changes, especially in the United States, are expected to drive Industrial Hemp Market growth. Regulatory shifts are enabling increased production and consumption of industrial hemp across countries.

Industrial Hemp Market Outlook:

The global industrial hemp market is set to witness robust growth over the forecast period. With the increasing preference for natural and sustainable products, the market’s trajectory remains positive. The food and beverage industry is anticipated to experience substantial growth due to the demand for hemp oil, which is rich in essential fatty acids and known for its health benefits. Additionally, the automotive sector’s adoption of lightweight materials, including hemp-based bio-composites, will contribute to market expansion.

However, the complex regulatory landscape poses a challenge to market participants. Companies operating in this sector must navigate varying regulations across countries, and even within the same nation, which can be cumbersome for compliance.

Industrial Hemp Market Key Players:

Leading the charge in the global industrial hemp market are:

• Hemp Oil Canada
• Hemp Inc.
• Konoplex Group
• BAFA
• Hemp Poland
• Dun Agro
• HempFlax BV

These key players, alongside others in the market, are actively capitalizing on the growing demand for industrial hemp and its derivative products. Their contributions are shaping the industry landscape and driving innovation in the sector.

In conclusion, the global industrial hemp market is on a trajectory of substantial growth, driven by factors such as diverse applications, consumer health consciousness, automotive sector demand, and evolving regulations. Key players are well-positioned to leverage these opportunities and contribute to the industry’s development.

To get market data, market insights, financial statements and a comprehensive analysis of the Global Industrial Hemp Market, please Contact Verified Market Research®.

Based on the research, Verified Market Research® has segmented the global Industrial Hemp Market into Type, Application, Sources, And Geography.

• Industrial Hemp Market, by Type
  • Hemp Seed
  • Hemp Seed Oil
  • Hemp Fiber
  • CBD Hemp Oil
• Industrial Hemp Market, by Application
  • Food
  • Beverages
  • Personal Care Products
  • Textiles
  • Pharmaceuticals
• Industrial Hemp Market, by Sources
  • Organic
  • Conventional
• Industrial Hemp Market, by Geography
  •  North America
    • U.S
    • Canada
    • Mexico
  •  Europe
    •  Germany
    • France
    • U.K
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  •  ROW
    • Middle East & Africa
    • Latin America

Browse Related Reports:

CBD Hemp Oil Market By Product Type (Hemp Based, Marijuana Based), By End User (Medical Use, Pharmaceutical Use), By Geography, And Forecast

Hemp Hurd Market By Type (Sizes <=10mm , Sizes>10 mm), By Application (Construction, Animal Bedding, Gardening), By Geography, And Forecast

Hemp Fiber Market By Type (long (bast) fibers and short (core) fibers), By Application (Textiles, Pulp & paper, Composite material), By Geography, And Forecast

Industrial Hemp in Medical Market By Product (Cannabinoid Groups, Non-Cannabinoid Groups), By Application (Hospitals, Clinics), By Geography, And Forecast

7 Leading Industrial Hemp Companies producing assured quality hemp for industrial purposes

Visualize Industrial Hemp Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research® is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research® provides advanced analytical research solutions while offering information-enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductors & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & Construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us
Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
US Toll Free: +1 (800)-782-1768
Email: [email protected]
Web: https://www.verifiedmarketresearch.com/   
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/2015407/VMR_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/industrial-hemp-market-size-worth-usd-23-20-billion-globally-by-2030-at-14-05-cagr-verified-market-research-301924380.html

The increasing popularity of CBD products, the rising incidence of depression, and the health benefits associated with CBD are the factors anticipated to drive the growth of the global CBD pouches market during the forecast period from 2023 to 2032. The North America region is expected to account for the major market share by 2032.

PORTLAND, Ore., Sept. 4, 2023 /PRNewswire/ — Allied Market Research has recently published a report, titled, “CBD Pouches Market by CBD Pouches Content (Up to 10mg, 10mg – 20mg, Others), by Type (Flavored, Unflavored), by Distribution Channel (Online, Offline): Global Opportunity Analysis and Industry Forecast, 2023-2032″. According to the report, the global CBD pouches market generated $133.8 million in 2022, and is anticipated to generate $721.8 million by 2032, witnessing a CAGR of 18.9% from 2023 to 2032.

Request Sample of the Report on CBD Pouches Market Forecast 2032- Allied Market Research- https://www.alliedmarketresearch.com/request-sample/157137 

Prime Determinants of Growth

The growing demand for CBD products and the rising awareness about the potential health benefits of CBD are predicted to be the important factors to boost the growth of the global CBD pouches market in the forecast timeframe. However, the product quality and safety concerns associated with CBD may hamper the CBD pouches market growth in the coming period. On the contrary, increasing R&D investments in the pharmaceutical sector is expected to offer growth opportunities for expansion of the CBD pouches market in the 2023-2032 forecast period.

Report Coverage & Details:

Impact of Covid-19 on CBD Pouches Market

• The outbreak of the COVID-19 pandemic has had a significant impact on the growth of the global CBD pouches market. The disruptions in the supply chains owing to travel restrictions, lockdowns, and other measures implemented to prevent the spread of the virus have adversely affected the market growth.
• On the contrary, many people turned to CBD products for stress relief and wellness support, which resulted in an increased demand for certain CBD items. CBD products gained popularity for their potential wellness benefits, and this trend positively impacted the CBD industry.

Want to Explore More, Connect to our Analyst- https://www.alliedmarketresearch.com/connect-to-analyst/157137 

CBD Pouches Content: 10mg to 20mg Sub-segment Held the Largest Market Share in 2022

The 10mg to 20 mg sub-segment accounted for the major share of 41.5% in the CBD pouches market in 2022 mainly because these pouches have emerged as a driving factor in the wellness and alternative medicine sector. Besides, the various benefits of using 10mg to 20mg pouches, such as its ability to lower stress levels, relax users, lower stress levels, promote sleep cycles, improve gut health, and safety is the factor predicted to boost the sub-segment’s growth by 2032.

Type: Flavored Sub-segment to be Highly Dominant During the Forecast Period

The flavored sub-segment generated the highest market share of 57.8% in 2022 and is predicted to continue to hold the majority of share by 2032. The growing popularity of flavored CBD pouches is due to the availability of a variety of satisfying flavors to cater to a wide range of taste preferences. Besides, companies are focused on offering new fruit tastes, such as citrus, strawberry, and mango to improve the sale of CBD pouches,

Distribution Channel: Offline Sub-segment to Witness Significant Growth by 2032

The offline sub-segment generated the highest market share of 54.6% in 2022. The growing legality and acceptability of cannabis products in numerous countries has created new opportunities for offline distribution. Besides, the offline channel provides a more tangible and personal buying experience, allowing customers to directly experience and inquiry about CBD pouches before purchasing.

For Procurement Information- https://www.alliedmarketresearch.com/purchase-enquiry/157137 

Region: North America Market to Hold Majority of Market Share by 2032

The North America region accounted for the highest share of 40.1% in the global CBD pouches market in 2022 and is expected to continue to maintain its dominance during the forecast period. Increased consumer awareness about the potential health benefits of CBD, along with changing regulatory landscapes, has paved the way for the widespread adoption of CBD pouches in the region. Additionally, the widespread availability of CBD pouches through different retail channels, such as offline stores and online platforms, has aided market expansion in the North America region.

Leading Players in the CBD Pouches Market:

• Nico’s Pouches
• Snushus.ch
• Cannadips CBD
• Canni Hemp Co.
• METOLIUS HEMP COMPANY
• Canndid
• SnusMe.eu
• Nicopods ehf
• The Snus Brothers (SnusMe.eu)
• SNUSSIE.COM

The report provides a detailed analysis of the key players of the global CBD pouches market. These players have adopted different strategies, such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain their dominance in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of CBD pouches market players to showcase the competitive scenario.

Comprehensive Healthcare Industry Research Studies:

Meniscus Repair System Market – Opportunity Analysis and Industry Forecast, 2021–2031

Motorized Prosthesis Market- Opportunity Analysis and Industry Forecast, 2021–2031

Skincare Market – Global Opportunity Analysis and Industry Forecast, 2021–2031

Local Anesthesia Drugs Market- Global Opportunity Analysis and Industry Forecast, 2021–2031

Healthcare Staffing Market – Global Opportunity Analysis and Industry Forecast, 2021–2031                                                                            

AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model):

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected]
Web: https://www.alliedmarketresearch.com 

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/cbd-pouches-market-to-reach-721-8-million-globally-by-2032-at-18-9-cagr-allied-market-research-301916800.html