CBD Oil & CBD Consumer Health Market Is Expected To Witness Huge Demand With A CAGR of 20%by 2032

In 2022, the global CBD oil and CBD consumer health market size reached USD 16.56 billion, and it is anticipated to reach USD 85.45 billion by 2032, exhibiting a notable revenue compound annual growth rate (CAGR) of 20% throughout the forecast period. The robust expansion of market revenue is attributed to a combination of factors that have elevated Cannabidiol (CBD) from a niche product to a mainstream wellness phenomenon. A primary driver of the market’s revenue surge is the escalating awareness and widespread acceptance of the potential health benefits associated with CBD. As a non-psychoactive compound extracted from the Cannabis plant, CBD has garnered recognition for its perceived therapeutic properties, encompassing pain management, anxiety alleviation, and anti-inflammatory effects. This heightened awareness has led to a substantial increase in demand for CBD-infused products spanning various consumer health categories.

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Market Overview:

Broad-spectrum CBD products occupy a middle position between isolate and full-spectrum options. They preserve a range of cannabinoids and hemp plant compounds, excluding THC, which is eliminated in the extraction process. Designed for consumers seeking the potential advantages of various cannabinoids without any THC presence, broad-spectrum CBD provides a well-balanced approach to CBD consumption. By leveraging the synergies between cannabinoids and compounds, these products offer a comprehensive therapeutic experience without THC-related concerns. The demand for broad-spectrum CBD is driven by individuals who desire a holistic therapeutic encounter while adhering to a THC-free preference.

Top of Form

Key Players covered in this report are

  • Canopy Growth Corporation
  • Aurora Cannabis Inc.
  • CannTrust Holdings Inc.
  • CV Sciences Inc.
  • Medterra CBD
  • Kazmira LLC
  • Endoca BV
  • Elixinol Global Limited
  • Folium Biosciences
  • Green Roads

Based on Product Type market is segmented into:

  • Isolate
  • Full-Spectrum
  • Broad-Spectrum

Based on Application market is segmented into:

  • Pain Management
  • Anxiety and Depression
  • Sleep Disorders
  • Others

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Based on Region market is segmented into:

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Major Points covered in this report are as below:

  • An analysis of CBD Oil and CBD Consumer Health industry development trends and marketing channels, as well as an assessment of the feasibility of new investment projects, is presented in the study.
  • In addition to providing key statistics on the industry, the report provides valuable guidance and direction for companies and individuals interested in this market through tables and figures.
  • In addition to developing policies and plans, this report analyzes manufacturing processes and cost structures. It also provides information about import/export demand, costs, prices, revenues, and gross margins.
  • This report provides information on the market status of CBD Oil and CBD Consumer Health manufacturers and provides valuable insight into the market for companies and individuals.

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We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

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