August 9, 2022

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Global $7.99 Bn Cannabidiol Markets (2021-2027) by Source, Distribution Channel, Product, Route of Administration, End-User, and Geography, & Competitive Analysis

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DUBLIN, January 05, 2022–(Business WIRE)–The “International Cannabidiol Marketplace (2021-2027) by Source, Distribution Channel, Solution, Route of Administration, Stop-Person, and Geography, IGR Competitive Analysis, Impression of COVID-19, Ansoff Investigation” report has been extra to ResearchAndMarkets.com’s featuring.

The World Cannabidiol Marketplace is estimated to be USD 2.73 Bn in 2021 and is predicted to arrive at USD 7.99 Bn by 2027, escalating at a CAGR of 19.6%.

The antibiotic and analgesic outcomes & properties existing in Cannabidiol, which can be made use of to address a range of illnesses these as nervousness, nausea, pressure, chronic discomfort, neurological situations, and seizures, are very likely to contribute to the development of the current market.

Developing healthcare purposes of CBD, developing R&D in professional medical hashish, and rising item adoption and utilization due to authorities approvals bolstered the market place growth for Cannabidiol. Shifting regulatory landscape and legalization for acceptance of CBD-based mostly items globally is also predicted to propel the market place advancement.

Having said that, the component this kind of as the significant expense of CBD and obstacles in its advertising and marketing hinders the sector progress. Also, the absence of purchaser consciousness is impeding industry advancement. The absence of legalization systems in several Asian and African countries is also impeding the progress of the CBD marketplace.

Market Segmentation

  • By Source, the industry is categorised as Hemp and Marijuana. The Marijuana-derived CBD section is believed to maintain the highest market place share.

  • By Distribution Channel, the current market is segmented as Business enterprise to Consumer (B2C) and Business to Small business (B2B). The B2C phase is further divided into clinic pharmacies, retail pharmacies, and on-line outlets. B2C segment, and particularly Clinic Pharmacies, is approximated to maintain the best current market share through the forecast period of time.

  • By Solution, the sector is categorised as Foodstuff Grade and Therapeutic Grade. The Therapeutic Grade segment holds the greatest current market share.

  • By Route of Administration, the market is categorised as Inhalation (Smoke or Vapor), Aerosol Spray, Capsules, Tincture Spray, And Others. Amid all, the Capsules segment holds the greatest market share.

  • By Conclusion-user, the current market is classified as Health care, Pharmaceutical, Wellness, and Others. The Health care segment holds the maximum sector share.

  • By Geography, North America accounted for the dominant share of the market and is anticipated to keep its top place.

Industry Dynamics

Drivers

  • Rising Approvals for Medicinal Cannabis Merchandise for Many Health-related Programs such as Pain Management, Hunger Improvement, and Reducing Eye Stress

  • Rising Analysis & Growth in Health care Hashish

  • Increasing Legalization of Hashish-Based mostly Products and solutions

  • Increase in the Amount of Shops Marketing CBD-Primarily based Goods

  • Growing Desire toward Hashish Extracts these as Oils and Tinctures

Restraints

  • Stringent Government Rules for the use of CBD-dependent Merchandise

  • The Significant Cost of CBD

  • Boundaries in Terms of Advertising of CBD-Primarily based Products

  • Absence of Customer Recognition

Options

Worries

  • Lack of Standardizations Concerning The Top quality of Solutions

  • Aspect Outcomes Associated with CBD

  • Duplicate & Synthetic Items Out there in The Current market

Modern Developments

  • Clinical Marijuana, Inc. Subsidiary Kannaway Launches First-At any time CBD Fitness Program. – 11th May perhaps 2020

  • Canadian hashish firms Tilray and Aphria expose £2.8bn merger. – 16th December 2020

Company Profiles

  • Canopy Development Company

  • Isodiol

  • Healthcare Marijuana Inc

  • CV Sciences

  • Aurora Hashish

  • NuLeaf Naturals

  • Maricann, Inc. (Wayland Group Corporation)

  • Tilray

  • GW Prescribed drugs, plc

  • ABcann Medicinals, Inc. (VIVO Cannabis)

  • Organigram Keeping, Inc.

  • Tikun Olam

  • The Cronos Group

  • Cannoid, LLC

  • Folium Biosciences

  • Kazmira

  • IrieCBD

  • Cura Cannabis Remedies

  • CBD American Shaman

  • General Cannabis Corp.

  • Insys Therapeutics, Inc

  • Endoca

  • Phyto Animal Wellness

For additional information and facts about this report go to https://www.researchandmarkets.com/r/bgqu0s

Look at supply variation on businesswire.com: https://www.businesswire.com/information/property/20220105005773/en/

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