Comprehensive Report on CBD Market 2020 | Trends, Growth Demand, Opportunities

Posted by shriya on June 18th, 2021

CBD (Cannabidiol) Market: Information by Form (Solid and Liquid), Route of Administration (Tincture, Capsules, Inhalation (Smoke or Vapor), Aerosol Spray), Product (Food Grade and Therapeutic Grade), Application (Neurogenerative Disorder, Fibromyalgia, Diabetes, Protein Bars, Energy Drinks), End User (Food & Beverage, Healthcare), Source (Organic-Inorganic) and Region (North America, Europe, Asia Pacific, ROW) - Global Forecast till 2027

Market Analysis 

The CBD market is anticipated to reach USD 22,07, 162.54 million at a 125.58% CAGR between 2016-2026, states the latest Market Research Future (MRFR) report. Cannabidiol (CBD) is a compound that is primarily found in the leaves and flowers of the hemp plant. It is a powerful CBD found in hemp that has gained ample recognition for supporting the mind and body in various ways owing to its alluring features such as seizure suppressant, anti-anxiety, analgesic, and anti-inflammatory properties. 

Various factors are propelling the CBD market growth. Some of these factors, according to the Market Research Future report, include increasing research and development investments in the pharmaceutical industry, the launch of CBD infused cosmetics, growing number of CBD manufacturers, increasing legalization of medical marijuana, and growing adoption of refined CBD products. Additional factors pushing market growth include growing demand for CBD rich hemp biomass, growing hemp production, increasing use in various pharmaceutical formulations for its healing properties, and growing awareness about the health benefits of CBD consumption. 

Key Players

Notable players profiled in the CBD market report include Elixinol Global Limited, Canopy Growth Corporation, Medical Marijuana, Inc., CV Sciences, Inc, Isodiol International Inc, ENDOCA, LLC, CBD Health Solutions, Green Roads of Florida, LLC, Freedom Leaf, Inc, Folium Biosciences, and Aphria Inc.

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Akash Anand

Market Research Future

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