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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; 2024-2032
Global Cannabidiol Market Outlook
The global market size for cannabidiol reached a value of more than USD 7.10 billion in 2023. The global cannabidiol market is expected to grow at a CAGR of 19.4% between 2024 and 2032, reaching a value of USD 35.02 billion by 2032.
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.
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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
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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.
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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 | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Source |
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| Breakup by End Use |
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| Breakup by Distribution Channels |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*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 (2018-2023)
8.3 Global Cannabidiol Market Forecast (2024-2032)
8.4 Global Cannabidiol Market by Source
8.4.1 Marijuana
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Hemp
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.5 Global Cannabidiol Market by End Use
8.5.1 Pharmaceuticals
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Nutraceuticals
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Medical
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Personal Care and Cosmetics
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 Forecast Trend (2024-2032)
8.5.5 Food and Beverage
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2023)
8.5.5.3 Forecast Trend (2024-2032)
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 (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 B2C
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.7 Global Cannabidiol Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2023)
8.7.4.3 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2023)
8.7.5.3 Forecast Trend (2024-2032)
9 North America Cannabidiol Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Cannabidiol Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Cannabidiol Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Cannabidiol Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Cannabidiol Market Analysis
13.1 Israel
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 Turkey
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 South Africa
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
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 2032
2. Global Cannabidiol Historical Market: Breakup by Source (USD Million), 2018-2023
3. Global Cannabidiol Market Forecast: Breakup by Source (USD Million), 2024-2032
4. Global Cannabidiol Historical Market: Breakup by End Use (USD Million), 2018-2023
5. Global Cannabidiol Market Forecast: Breakup by End Use (USD Million), 2024-2032
6. Global Cannabidiol Historical Market: Breakup by Distribution Channels (USD Million), 2018-2023
7. Global Cannabidiol Market Forecast: Breakup by Distribution Channels (USD Million), 2024-2032
8. Global Cannabidiol Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Cannabidiol Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Cannabidiol Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Cannabidiol Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Cannabidiol Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Cannabidiol Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Cannabidiol Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Cannabidiol Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Cannabidiol Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Cannabidiol Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Cannabidiol Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Cannabidiol Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Cannabidiol Market Structure
Key Questions Answered in the Report
The global market size for cannabidiol reached a value of more than USD 7.10 billion in 2023.
The market is expected to grow at a CAGR of 19.4% between 2024 and 2032.
The global market size for cannabidiol is expected to reach a value of more than USD 35.02 billion by 2032.
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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