CBD Nutraceuticals Market COVID-19 Impact and Global Analysis with Bluebird Botanicals, CV Sciences, Inc., Elixinol LLC, Endoca BV, Foria Wellness, Garden of Life. | by 2027

A nutraceutical is a pharmaceutical alternative that claims physiological benefits. Nutraceutical product is a food or fortified food product that not only supplements the diet but also assists in treating or preventing disease (apart from anemia), so it provides medical benefits. A naturally-occurring compound found in plants, cannabidiol (CBD), belongs to a family of compounds called cannabinoids. Examples of nutraceuticals are natural foods, including antioxidants, dietary supplements, fortified dairy products, and citrus fruits, and vitamins, minerals, herbals, milk, and cereals.

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The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments.

The overall effect of the pandemic is impacting the production process of several industries including Technology, Media and Telecommunications, and many more. Trade barriers are further restraining the demand- supply outlook. As government of different regions have already announced total lockdown and temporarily shutdown of industries, the overall production process being adversely affected; thus, hinder the overall CBD Nutraceuticals market globally. This report on 'CBD Nutraceuticals market' provides the analysis on impact on Covid-19 on various business segments and country markets. The report also showcase market trends and forecast to 2027, factoring the impact of Covid -19 Situation.

Market Dynamics:

The CBD nutraceuticals market is anticipated to grow due to the products as they are more convenient and travel-friendly. However, the presence of alternatives like the herbal nutraceuticals, such as echinacea, and turmeric that have ruled the global nutraceuticals space for a long period, is restraining the market growth. Moreover, the growing demand for hemp protein among athletes, bodybuilders, and the vegan population is expected to drive the market for cannabidiol (CBD) nutraceuticals over the forecast period.

Top Players:

1.Bluebird Botanicals
2. CV Sciences, Inc.
3. Elixinol LLC
4. Endoca BV
5. Foria Wellness
6. Garden of Life
7. Green Roads
8. Isodiol
9. Medical Marijuana, Inc.
10. MEDTERRA

Market Scope:

The "CBD Nutraceuticals Market Analysis to 2027" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of CBD nutraceuticals market with detailed market segmentation by product type, and sales channel. The CBD nutraceuticals market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in CBD nutraceuticals market and offers key trends and opportunities in the market.

Segmentation:

The CBD nutraceuticals market is segmented on the basis of product type, and sales channel. Based on product type the market is segmented as CBD tinctures, capsules & softgels, CBD gummies, others. On the basis of sales channel the market is categorized as retail stores and online pharmacies.

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