akio
by on May 10, 2024
69 views

MarkNtel Advisors has recently study an extensive market intelligence analysis on the Global Cannabidiol Market. The newly released report showcases an engaging format enriched with visually compelling tables, graphs, charts, and figures. These seamlessly integrated visual aids are designed to bolster the accuracy and clarity of the information presented, offering readers a thorough grasp of the topic at hand.

Get Free Sample of the Report - https://www.marknteladvisors.com/query/request-sample/cannabidiol-cbd-market.html

How big is the Cannabidiol market?

The Global Cannabidiol (CBD) Market size was valued at around USD 22.7 billion in 2023 and is projected to grow at a CAGR of around 19.21% during the forecast period, i.e., 2024-30. The growing inclination of consumers toward natural and plant-based products is a primary factor propelling the growth of the Global Cannabidiol (CBD) Market.

Factors Influencing Cannabidiol Market Growth: An Analysis of Market Drivers:

Increasing Consumer Preference for Natural & Plant-Based Products – The need for natural and plant-based goods is growing, which is one of the main factors propelling the Global CBD Market. Growing health and wellness consciousness has led to a noticeable shift in customer preferences toward products that are thought to be natural, organic, and minimally processed. Since CBD is regarded as a natural botanical extract, it fits in nicely with this trend.

Consumer interest in CBD has also increased as a result of the legalization and de-stigmatization of cannabis and products derived from hemp. Customers are more open to investigating CBD products for a range of health and wellness requirements as regulatory obstacles have loosened in many areas. Therefore, this tendency is anticipated to continue to be a major driver of market growth in the coming years as regulatory environments change and knowledge of CBD's potential advantages increases.

Geographical Insight: Cannabidiol Industry

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Among them, in terms of market size, revenue generation, product diversity, consumer adoption, etc., North America holds the largest share of the Global CBD Market. The region's dominant position in the global Cannabidiol (CBD) Market is a result of several reasons.

Click the Link to See Our Comprehensive Study [Include Description + TOC], - https://www.marknteladvisors.com/research-library/cannabidiol-cbd-market.html

Competitor Breakdown: Global Cannabidiol Market

In the fast-changing Global Cannabidiol Market, understanding what our competitors are doing is really important. By carefully looking at things, we figure out who the major market players are, what they're good at, and where they're not so good. This helps us make smart choices and do well in the competition. Understanding our rivals helps to grow fast and do their best. By keeping a close eye on our competitors and changing our approach when needed, we stay ahead and grab opportunities for growth. Also, watching what customers like and how the market is changing helps stay ahead of the competition.

Names of major industry players are:

  • Aurora Cannabis Inc
  • CV Sciences
  • Endoca
  • Cannabidiol (CBD) American Shaman
  • Bluebird Botanicals
  • Isodiol International
  • Medical Marijuana Inc
  • Elixinol
  • Hemp Inc
  • Canopy Growth Corporation
  • Others

Segmentation Analysis: Cannabidiol Market

By Application

  • Medicinal Use
  • Beauty & Personal Care
  • Pets
  • Recreational

By Product Type

  • Edibles
  • Flower
  • Oil & Tinctures
  • Pills & Capsules
  • Topicals
  • Others (Vape, Spray, etc.)

By Distribution Channel

  • Regulated Dispensary
  • Stand-Alone Retailers
  • Department/Super Stores
  • Online Portals

Note: Should you require specific information beyond the current scope of the report, we are prepared to furnish it as part of our customization services.

For Customized Report Sent Your Enquiry Here – https://www.marknteladvisors.com/query/request-customization/cannabidiol-cbd-market.html

Why This Report:

  1. Extensive Industry Coverage: Our reports cover a wide array of industries, providing in-depth insights and analysis across 15 diverse industrial verticals. This comprehensive coverage ensures that clients have access to a broad spectrum of relevant information.
  2. Global Reach: With a presence in over 80 countries across various regions, including America, Asia-Pacific, Europe, the Middle East & Africa, and countries such as the US, India, the Netherlands, Saudi Arabia, and the UAE, our reports offer insights from a global perspective, enabling clients to make informed decisions in both established and emerging markets.
  3. Quality Data and Information: Our team of experienced market research professionals excels in capturing valuable and minute market information to provide clients with accurate and reliable data for informed decision-making. This emphasis on quality ensures that our reports deliver satisfactory details to our clients.
  4. Strategic Insights: Our reports go beyond providing data to clients. We offer strategically-moving insights to help clients formulate informed strategies in various areas such as Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, and trend analysis.
  5. In-depth Regional and Country-based Trends: We provide insights into regional and country-based trends within industries, allowing clients to gain a clear understanding of the market landscape in specific geographic areas.

Read Blogs:

About US

We are a leading consulting, data analytics, and market research company that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

For Media Inquiries, Please Contact:

Call: +1 628 895 8081 (USA) | +91 120 4278433 (India)

Email: sales@marknteladvisors.com

Address: Corporate Office: Office No.106, H-160, Sector 63, Noida,

Uttar Pradesh - 201301, India

Posted in: Business, Health
Topics: cannabidiol market, cannabidiol market size, cannabidiol market share, global cannabidiol market growth, cannabidiol market report
Be the first person to like this.