Press release
Cannabidi0l Market is expected to witness Incredible Growth during 2021-2031 | Cronos Group, Aurora Folium Biosciences, Tilray, NuLeaf Naturals
There has been an upsurge in demand as people become more aware of the health benefits of Cannabidi0l. The market's rise has been aided by increased research and development activities as well as increased production.
COVID-19 Impact:
The COVID-19 outbreak, as well as government-imposed measures such as social separation and confinement, have exacerbated the market. Due to the statewide suspension of transportation and manufacturing in major raw material producing countries such as China and India, the market began to experience a supply deficit.
Key Trends and Drivers:
- To achieve fitness goals and avoid ailments such as inflammation and pain, consumers look for new and healthy food products that are nutrient-dense.
- The pharmaceutical sector, which is constantly expanding around the world, acknowledges the value and benefits of cann*bis and its by-products.
- Globally, favorable rules regulating the use of cann*bis and related products are becoming more prevalent, and people are becoming more aware of the different benefits linked with Cannabidi0l.
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Segmentation:
- By Product:
Oil
Tinctures
Suppository
Transdermal patches
Isolates
- By Source:
Marijuana
Hemp
- By Application:
Food & Beverage
Cosmetics & Personal Care
Pharmaceuticals
Other Applications
- By Route of Administration:
Oral
Topical
Inhalation
Transdermal patches
Key Players:
- Cronos Group
- Aurora Cann*bis
- Folium Biosciences
- Tilray
- NuLeaf Naturals, LLC
- Isodiol International, Inc.
- Health Solutions
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