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Cannabidiol Market Trends

  • Report ID: 6084
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

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

2023

Forecast Year

2024-2036

CAGR

15.7%

Base Year Market Size (2023)

USD 7.64 billion

Forecast Year Market Size (2036)

USD 50.87 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:

Author Credits:  Radhika Pawar


  • Report ID: 6084
  • Published Date: Sep 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of cannabidiol was over USD 7 billion.

The market size for cannabidiol is projected to cross USD 41 billion by the end of 2036 expanding at a CAGR of 16% during the forecast period i.e., between 2024-2036.

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.

The hemp segment is anticipated to garner a share of 57% during 2024-2036.

The North America cannabidiol sector is poised to hold 35% share by the end of 2036.
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