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Cannabidiol Market Trends

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

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Cannabidiol Market Trends

Growth Drivers

Therapeutic Properties of CBD Oil
Advantages of Cannabidiol in Treating Depression, Anxiety, Cancer, Diabetes, and Other Diseases
Rising R&D Activities About Benefits of CBD Oil

Challenges

Ban on Use of Cannabis Products in Many Countries
Lack of Awareness among People Regarding the Medical Advantages of CBD Oil

Cannabidiol (CBD) Market: Key Insights

Base Year	2024
Forecast Year	2025-2037
CAGR	15.4%
Base Year Market Size (2024)	USD USD 9.27 billion
Forecast Year Market Size (2037)	USD 59.67 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Cannabidiol (CBD) Market Size & Share, Growth Analysis 2037

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 ofÂ 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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