Global Cannabidiol Market (2021-2027) by Source, Distribution Channel, Product, Route of Administration, End-User, and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis
The Global Cannabidiol Market is estimated to be USD 2.73 Bn in 2021 and is expected to reach USD 7.99 Bn by 2027, growing at a CAGR of 19.6%.
The antibiotic and analgesic effects & properties present in Cannabidiol, which can be used to treat a variety of ailments such as anxiety, nausea, stress, chronic pain, neurological conditions, and seizures, are likely to contribute to the growth of the market. Growing medical applications of CBD, growing R&D in medical cannabis, and increasing product adoption and utilization due to government approvals bolstered the market growth for Cannabidiol. Changing regulatory landscape and legalization for approval of CBD-based products globally is also expected to propel the market growth.
However, the factor such as the high cost of CBD and barriers in its marketing hinders the market growth. Also, the lack of consumer awareness is impeding market growth. The absence of legalization programs in several Asian and African countries is also impeding the growth of the CBD market.
The Global Cannabidiol Market is segmented further based on Source, Distribution Channel, Product, Route of Administration, End-User, and Geography.
By Source, the market is classified as Hemp and Marijuana. The Marijuana-derived CBD segment is estimated to hold the highest market share.
By Distribution Channel, the market is segmented as Business to Consumer (B2C) and Business to Business (B2B). The B2C segment is further divided into hospital pharmacies, retail pharmacies, and online stores. B2C segment, and particularly Hospital Pharmacies, is estimated to hold the highest market share during the forecast period.
By Product, the market is classified as Food Grade and Therapeutic Grade. The Therapeutic Grade segment holds the highest market share.
By Route of Administration, the market is classified as Inhalation (Smoke or Vapor), Aerosol Spray, Capsules, Tincture Spray, And Others. Among all, the Capsules segment holds the highest market share.
By End-user, the market is classified as Medical, Pharmaceutical, Wellness, and Others. The Medical segment holds the highest market share.
By Geography, North America accounted for the dominant share of the market and is expected to retain its leading position.
1. Medical Marijuana, Inc. Subsidiary Kannaway® Launches First-Ever CBD Fitness Program. – 11th May 2020
2. Canadian cannabis firms Tilray and Aphria reveal £2.8bn merger. – 16th December 2020
Some of the companies covered in this report are ENDOCA, Medical Marijuana, Inc., Isodiol, Cannoid, LLC, Canopy Growth Corporation, FOLIUM BIOSCIENCES, NuLeaf Naturals, Phyto Animal Health, Aurora Cannabis, CBD American Shaman, CV Sciences among others.
IGR Competitive Quadrant
The report includes IGR Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
The report offers a comprehensive evaluation of the Global Cannabidiol Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
The report also contains the competitive analysis using IGR Competitive Quadrant, Infogence’s proprietary competitive positioning tool.
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