Markntel Advisors present the latest study on Cannabidiol (CBD) Market, covering extensive, in-depth analysis of the ongoing trends, opportunities/ high growth areas, and market drivers, which could help stakeholders to devise and align market strategies according to the future market dynamics. The overall analysis covers an overview of the industry policies, market fluctuations, and the cost structure of the products available.
According to Global Cannabidiol (CBD) Market Research Report: Forecast (2022-27), “The market is projected to grow at a CAGR of 30.48% during the forecast period owing to the general use of Cannabidiol worldwide in varying products as an ingredient. Additionally, the growing legalization of CBD for medicinal uses and increasing research and development for its diversified uses are accelerating industrial growth. Furthermore, mounting government support for CBD application in food and beverages and medical industry is fueling the industrial expansion.”
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Competitive Analysis
Intending to reveal the competitive situation of the industry, the report concretely analyzes not only the leading enterprises that have a voice on a global scale but also the regional small and medium-sized companies that play vital roles and have plenty of potential growth. The major players, among whom the Global Cannabidiol (CBD) Market fluctuates, 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
North America Wins the Lion’s Share with Rising Use of CBD for Health Wellness Purposes
“Globally, North America holds the dominant share in the market during the historical period owing to the legalization of cannabis, especially in Canada and the US. In addition, increasing the recreational and medical use of CBD for health and wellness purposes is further adding to industrial expansion. Moreover, increasing government relaxations toward hemp production with a surging inclination towards utilizing CBD in food and beverages is extending the market acceleration.”, further states the research report by Markntel Advisors.
The Scope of the Report
With a business objective, the report details the key takeaway necessary to formulate business strategies like:
- New product launches
- New client acquisitions
- New opportunity mapping (market level and geography level)
- Competitive benchmarking
- Cost optimization strategies
- Expansion plans and more
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Enlisting the Segments
The distinct divarication and articulations of the industry are classified into further segments so the stakeholder can obtain detailed information about factors affecting the market along with various factors affecting the elements which lead to fluctuations in the market. Segment-wise, Global Cannabidiol (CBD) Market spreads across the following:
- 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
Customize and Alter:
Customized requirements of multi-dimensional, deep-level, and high-quality can help grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus winning sufficient time and space for market competition. We at Markntel Advisors offer customization personalization options to further understand and cater to your needs, wants, and requirements. To know more, reach out to us.
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