Global CBD Market Analysis By Route of Administration (Capsules, Inhalation , Aerosol Spray), Form, Product (Food Grade and Therapeutic Grade), Application (Neurogenerative Disorder, Fibromyalgia, Diabetes, Protein Bars , Energy Drinks), End User, Future Trends and Insights By Top Key Companies, Forecast To 2026
Pune, India - August 14, 2019 /MarketersMedia/ —
Trends and Insights:
The global CBD Market was valued at USD 3,088.51 million in 2018, and the market is estimated to grow at USD 2,207,162.54 Million by 2026 and is expected to register a CAGR of 125.58% during the forecast period from 2019 to 2026. In 2018, the Americas accounted for the largest CBD market share of 78.14% with a value of USD 2,413.34 million, followed by Europe with a market value of USD 358.19 million in 2018.
Based on form, the liquid segment accounted for the largest CBD market share of 51.86% in 2018, with a market value of USD 1,601.62 million and is projected to register a CAGR of 127.24% during the forecast period. On the basis of routes of administration, the tincture segment accounted for the largest market share of 36.65% in 2018, with a market value of USD 1,132.07 million, and is projected to register a CAGR of 126.54% during the forecast period.
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Market Players:
Market Research Future (MRFR) recognizes Aphria Inc., Folium Biosciences, Freedom Leaf, Inc, Green Roads of Florida, LLC, CBD Health Solutions, LLC, ENDOCA, Isodiol International Inc, CV Sciences, Inc, Medical Marijuana, Inc., Canopy Growth Corporation, Elixinol Global Limited as the key players in the global CBD market.
Segmentation:
The global CBD market has been segmented on the basis of
form
routes of administration
by product
application
end user
source
region
On the basis of form, the global cannabidiol market is segmented into
solid
liquid
The solid form of CBD is segmented into
CBD crystals
CBD wax
capsule/softgel
hash
The liquid form of CBD includes
CBD oil
tincture
cream
e-liquid
On the basis of product, the global cannabidiol market is segmented into
food grade
therapeutic grade
On the basis of application, the global cannabidiol market is segmented into
neurogenerative disorder
fibromyalgia
diabetes
energy drinks
protein bars On the basis of end user, the global cannabidiol market is segmented into
healthcare
food & beverage
others
On the basis of source, the global cannabidiol market is segmented into
inorganic
organic
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Regional Analysis:
The CBD market in the Americas has been segmented into
North America
Latin America
The North American market is further divided into the
US
Canada
Latin America cannabidiol market is classified into Brazil and the rest of Latin America. The Americas dominate the global CBD market, owing to the increasing consumption of cannabis-based products. The rising demand for cannabis has raised the market potential in the American region. A poll conducted by Gallup Inc., in 2016, found that American’s views on legalizing cannabis indicated that 60% of the population surveyed, believed the substance should be legalized.
A recent poll conducted by Quinnipiac University also concluded that 54% of Americans favored the legalization of cannabis without additional constraints, while 81% of respondents favored legalization of cannabis for medicinal purposes. Cannabis was approved for medicinal use in 28 states of the US, the District of Columbia, Guam, and Puerto Rico as of January 2017. Online availability of cannabis-based products is also boosting the market growth as cannabis consumers prefer to buy online from licensed producers or manufacturers.
Key Findings of the Study:
The global CBD market is projected to reach over USD 22,07,162.54 Million by 2026 at a 58% CAGR during the review period of 2019 to 2026.
The Americas accounted for the largest CBD market share with Latin America being the major contributor to the growth of the market.
The capsules segment by route of administration is projected to register the highest CAGR of 128.37% during the forecast period. CBD can also be taken in capsule form that allows taking CBD oil without experiencing the taste of CBD. In capsule form, the CBD looks like a soft gel, which is convenient to use with a specific quantity.
Table of Content:
Executive Summary
Market Introduction
Research Methodology
Market Dynamics
Market Factor Analysis
Global CBD Market, By Form
Global Cannabidiol Market, By Routes of Administration
Global CBD Market, By Product
Global Cannabidiol Market, By Application
Global CBD Market, By End Use
Global Cannabidiol Market, By Source
Global CBD Market, By Region
Competitive Landscape
Company Profiles
Appendix
List of Tables
List of Figures
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Contact Info:
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Website: https://www.marketresearchfuture.com/reports/cbd-market-8090
Source: MarketersMedia
Release ID: 88908043
