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Global Cannabidiol Market Share, Growth, Trends, Forecast: By Source: Marijuana, Hemp; By End Use: Pharmaceuticals, Nutraceuticals, Medical, Personal Care and Cosmetics, Food and Beverage, Others; By Distribution Channels: B2B, B2C; Regional Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028

Global Cannabidiol Market Outlook

The global market size for cannabidiol reached a value of more than USD 4.98 billion in 2021. The global cannabidiol market is expected to grow at a CAGR of 19.40% between 2023 and 2028, reaching a value of USD 14.43 billion by 2027.  

 

Key Trends in the Market

Cannabidiol, also known as CBD, is an active ingredient found in the cannabis plant that is not addictive. The cannabis plant is also known as hemp or cannabis sativa. It has numerous health benefits including helping reduce PTSD symptoms, easing diabetic complications, treating opioid addiction, offsetting depression and anxiety, protecting against neurological diseases, relieving pain, and alleviating ALS symptoms. 

 

  • Increasing approvals by various governments regarding the use of cannabidiol is a major factor improving the acceptance rate, consumption rate and demand rate of cannabidiol, ultimately contributing to the growth of the overall cannabidiol market.
  • The health and wellness industry has increased the demand and market growth for cannabidiol because of its property to reduce pain and promote healing. Moreover, cannabidiol also helps fight anxiety and depression which is growing in prevalence around the world.
  • Cannabidiol also has applications in skin care products to treat wrinkles and acne which has increased its demand from the cosmetics and self-care industry, fuelling the growth of the overall market.

 

Market Analysis

Based on source, the market for cannabidiol can be bifurcated into marijuana and hemp. On the basis of end use, the market is divided into pharmaceuticals, nutraceuticals, medical, personal care and cosmetics, and food and beverage, among others. By distribution channels, the market is bifurcated into B2B and B2C. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. 

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global cannabidiol market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.  

 

  • Charlotte’s Web, Inc.
  • Medical Marijuana, Inc.
  • CV Sciences, Inc.
  • Endoca BV
  • Gala Herbs, Inc.
  • Your CBD Store
  • Medterra CBD, LLC
  • Anthology Brands
  • The CBDistillery
  • NuLeaf Naturals, LLC
  • Others

 

Market Share by Distribution Channels

B2B or business to business has been dominating the market with a leading share in the global cannabidiol market. It is also expected to remain the largest market holder over the forecast period owing to the increasing demand for cannabidiol oil as a raw material. The increasing approvals by various governments for use of cannabidiol has increased the demand from the industry consumers. 

 

B2C is also expected to grow in future as awareness regarding its benefits increase among consumers, leading to a greater demand for cannabidiol treatment. Pharmacies in collaboration with establishing companies are engaged in marketing of cannabidiol among consumers, further encouraging the growth of the B2C distribution channel. 

 

Market Share by Region

North America is leading among other regions in the global cannabidiol market owing to the increased awareness regarding cannabidiol advantages among health-conscious people in the region. Moreover, people are largely accepting of cannabidiol products which has increased the demand giving rise to a number of manufacturers increasing the overall market share in the region. 

 

North America has an extensive presence of leading key market players, resulting in a strong supply chain for cannabidiol products. The United States FDA has approved the use of a few cannabidiol-containing products, available on prescription basis. 

 

Competitive Landscape 

Charlotte’s Web Inc. was established in 2014 and is based out of Colorado in the United States. It is a wellness and fitness company which aims at creating a world where each and every individual is able to attain good health. 

 

Medical Marijuana, Inc. founded in 2003 is headquartered in Oregon, United States. It is the first public holding company that was legalised to deal with hemp and cannabis for the purpose of health and wellness. 

 

CV Sciences Inc. was founded in 2010 and has its headquarter in California, United States. It is an American company that believes in creating a better world with a promising future. They provide research-based solutions that help them fulfil their mission of improving the quality of life using science along with nature. 

 

Other market players include Endoca BV, Gala Herbs, Inc., Your CBD Store, Medterra CBD, LLC, Anthology Brands, The CBDistillery, and NuLeaf Naturals, LLC, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Source
  • End Use
  • Distribution Channels
  • Region
Breakup by Source
  • Marijuana
  • Hemp
Breakup by End Use
  • Pharmaceuticals
  • Nutraceuticals
  • Medical
  • Personal Care and Cosmetics
  • Food and Beverage
  • Others
Breakup by Distribution Channels
  • B2B
  • B2C
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Charlotte’s Web, Inc.
  • Medical Marijuana, Inc.
  • CV Sciences, Inc.
  • Endoca BV
  • Gaia Herbs, Inc.
  • Your CBD Store
  • Medterra CBD, LLC
  • Anthology Brands
  • The CBDistillery
  • NuLeaf Naturals, LLC
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Cannabidiol Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Cannabidiol Historical Market (2018-2022) 
    8.3    Global Cannabidiol Market Forecast (2023-2028)
    8.4    Global Cannabidiol Market by Source
        8.4.1    Marijuana
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Hemp
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
    8.5    Global Cannabidiol Market by End Use
        8.5.1    Pharmaceuticals
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Nutraceuticals
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Medical
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Personal Care and Cosmetics
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)
        8.5.5    Food and Beverage
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2018-2022)
            8.5.5.3    Forecast Trend (2023-2028)
        8.5.6    Others
    8.6    Global Cannabidiol Market by Distribution Channels
        8.6.1    B2B
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    B2C
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
    8.7    Global Cannabidiol Market by Region
        8.7.1    North America
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022) 
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022) 
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022) 
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022) 
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2022) 
            8.7.5.3    Forecast Trend (2023-2028)
9    North America Cannabidiol Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Cannabidiol Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Cannabidiol Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Cannabidiol Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Cannabidiol Market Analysis
    13.1    Israel
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    Turkey
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    South Africa
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Charlotte’s Web, Inc.
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Medical Marijuana, Inc.
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    CV Sciences, Inc.
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Endoca BV
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Gaia Herbs, Inc.
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Your CBD Store
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Medterra CBD, LLC
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Anthology Brands
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    The CBDistillery
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    NuLeaf Naturals, LLC
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    Others
16    Key Trends and Developments in the Market

 

List of Figures and Tables

1.    Global Cannabidiol Market: Key Industry Highlights, 2018 and 2028
2.    Global Cannabidiol Historical Market: Breakup by Source (USD Million), 2018-2022
3.    Global Cannabidiol Market Forecast: Breakup by Source (USD Million), 2023-2028
4.    Global Cannabidiol Historical Market: Breakup by End Use (USD Million), 2018-2022
5.    Global Cannabidiol Market Forecast: Breakup by End Use (USD Million), 2023-2028
6.    Global Cannabidiol Historical Market: Breakup by Distribution Channels (USD Million), 2018-2022
7.    Global Cannabidiol Market Forecast: Breakup by Distribution Channels (USD Million), 2023-2028
8.    Global Cannabidiol Historical Market: Breakup by Region (USD Million), 2018-2022
9.    Global Cannabidiol Market Forecast: Breakup by Region (USD Million), 2023-2028
10.    North America Cannabidiol Historical Market: Breakup by Country (USD Million), 2018-2022
11.    North America Cannabidiol Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Europe Cannabidiol Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Europe Cannabidiol Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Asia Pacific Cannabidiol Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Asia Pacific Cannabidiol Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Latin America Cannabidiol Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Latin America Cannabidiol Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Middle East and Africa Cannabidiol Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Middle East and Africa Cannabidiol Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Global Cannabidiol Market Structure

Key Questions Answered in the Report

The global market size for cannabidiol reached a value of more than USD 4.98 billion in 2021.

The market is expected to grow at a CAGR of 19.40% between 2023 and 2028.

The global market size for cannabidiol is expected to reach a value of more than USD 14.43 billion by 2027.

The major market drivers are therapeutic benefits, increasing demand for cannabidiol by consumers owing to its healing properties, and increasing awareness.

The key trends of the market are government approvals for use, applications in skin care products, and increasing use in the health and wellness industry.

Key market players include Charlotte’s Web, Inc., Medical Marijuana, Inc., CV Sciences, Inc., Endoca BV, Gala Herbs, Inc., Your CBD Store, Medterra CBD, LLC, Anthology Brands, The CBDistillery, and NuLeaf Naturals, LLC.

Cannabidiol is an active ingredient found in the cannabis sativa plant.

Cannabidiol has numerous health benefits as it helps reduce PTSD symptoms, ease diabetic complications, treats opioid addiction, offsets depression and anxiety, protects against neurological diseases, relieves pain, and alleviates ALS symptoms.

The global cannabidiol market is segmented based on source, end use, distribution channel, and region.

The primary end uses of cannabidiol are pharmaceuticals, nutraceuticals, medical, personal care and cosmetics, and food and beverage, among others.

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