Cannabidiol (CBD) Market size to grow by USD 29.91 Bn | Rising Popularity of CBD Oil to drive growth | Technavio

NEW YORK, Oct. 27, 2021 /PRNewswire/ — The cannabidiol (CBD) market size is expected to increase by USD 29.91 billion…

NEW YORK, Oct. 27, 2021 /PRNewswire/ — The cannabidiol (CBD) market size is expected to increase by USD 29.91 billion from 2020 to 2025, accelerating at a CAGR of almost 27%, according to the latest research report from Technavio.

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The CBD market report covers insights on major trends, key growth drivers, and challenges impacting the overall growth of the market.

The report offers an up-to-date analysis regarding the current global market scenario and the overall market environment. The market is driven by the rising popularity of CBD oil.

The CBD market analysis includes the source segment and geography landscape. This study identifies the increasing number of medical cannabis dispensaries as one of the prime reasons driving the CBD market growth during the next few years.

This report presents a detailed picture of the CBD market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

The CBD market covers the following areas:

CBD Market Sizing

CBD Market Forecast

CBD Market Analysis

Companies Mentioned

  • Cannoid LLC
  • Canopy Growth Corp.
  • CBD American Shaman LLC
  • CV Sciences Inc.
  • Elixinol
  • Endoca BV
  • Gaia Botanicals LLC
  • Isodiol International Inc.
  • NuLeaf Naturals LLC

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Related Reports:

Global CBD Oil Market
 – Global CBD oil market is segmented by Product (Marijuana derived CBD oil and Hemp derived CBD oil) and Geography (North America, South America, Europe, APAC, and MEA).

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Global Legal Cannabis Market – Global legal cannabis market is segmented by product (medical cannabis and recreational cannabis) and geography (North America, Europe, APAC, South America, and MEA).

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CBD Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of almost 27%

Market growth 2021-2025

USD 29.91 billion

Market structure

Fragmented

YoY growth (%)

26.21

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 53%

Key consumer countries

US, Germany, Japan, Canada, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Cannoid LLC, Canopy Growth Corp., CBD American Shaman LLC, CV Sciences Inc., Elixinol, Endoca BV, Gaia Botanicals LLC, Isodiol International Inc., and NuLeaf Naturals LLC

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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