Cannabidiol Market Share

  • Report ID: 6084
  • Published Date: Nov 27, 2024
  • Report Format: PDF, PPT

Cannabidiol Market Share

Regionally, the global cannabidiol (CBD) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America industry is set to account for largest revenue share of 35% by 2037, led by health-aware population, rising acceptance of cannabis-based products supported by lenient laws, and growing research on the effects of cannabinoids. The market in the Asia Pacific is projected to grow significantly over the forecast period owing to the growing cultivation of hemp and marijuana in the countries, such as, China, backed by the favorable climatic conditions in the region. China is one of the largest producers of hemp and exports more than 85% of the produce to the U.S., Germany, and other countries. However, illegal trade of cannabis sativa in the region, is expected to hinder the regional market growth. The market in Latin America is estimated to witness moderate growth during the forecast period, owing to the increasing cultivation and trade of hemp and marijuana, backed by flexible government regulation in the underdeveloped nations.

 

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Author Credits:  Radhika Pawar


  • Report ID: 6084
  • Published Date: Nov 27, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of cannabidiol is assessed at USD 10.41 billion.

The cannabidiol market size was valued at USD 9.27 billion in 2024 and is expected to reach USD 59.67 billion by 2037, registering around 15.4% CAGR during the forecast period i.e., between 2025-2037. The market growth can be attributed to medicinal properties of CBD oil, backed by the tremendous ongoing research on benefits of cannabis sativa.

North America industry is set to account for largest revenue share of 35% by 2037, led by health-aware population, rising acceptance of cannabis-based products supported by lenient laws, and growing research on the effects of cannabinoids.

The major players in the market are Medical Marijuana Inc., Cannoid, LLC, Isodiol International Inc., ENDOCA, Folium Biosciences, Aurora Cannabis Inc., Elixinol Global, CV Sciences, Medterra CBD, PharmaHemp, and others.
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