Cannabidio*l Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033 | Endoca BV, Cannoid LLC, Medical Marijuana Inc., Folium Biosciences, Elixinol Global Limited, NuLeaf Naturals LLC

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2179

The Business Research Company offers in-depth market insights through Cannabidio*l Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The cannabidio*l market size has grown exponentially in recent years. It will grow from $9.41 billion in 2023 to $13.01 billion in 2024 at a compound annual growth rate (CAGR) of 38.2%. The growth in the historic period can be attributed to changing regulatory environment, leading to increased legalization of cb*d, growth in public awareness and acceptance of the potential health benefits of cb*d, medical research supporting the use of cb*d for various health conditions, emergence of diverse product categories, including cb*d-infused foods, beverages, and skincare, and increased availability of cb*d products through retail and e-commerce channels.

The cannabidio*l market size is expected to see exponential growth in the next few years. It will grow to $43.81 billion in 2028 at a compound annual growth rate (CAGR) of 35.5%. The growth in the forecast period can be attributed to global legalization and regulatory harmonization of cb*d products, pharmaceutical research and development for fda-approved cb*d medications, increased consumer interest in cb*d for mental health and relaxation, expansion of the pet cb*d market and veterinary applications, and expansion of the hemp industry for cb*d production. Major trends in the forecast period include development of novel cb*d delivery methods and formulations, integration of blockchain and traceability solutions in the cb*d supply chain, investment in r&d for new cb*d-based pharmaceuticals, customized cb*d formulations, and novel cb*d delivery methods.

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Market Segmentation:
The main product types of cannabidio*l are oil, tinctures, suppository, transdermal patches, vape oil, isolates, creams and roll-on, capsules, tablets, and other products. CB*D oil is created by extracting CB*D from cannabi*s plants and diluting it with a carrier oil such as coconut or hemp seed oil. The source of these is marijuana and hemp used as CB*D oil and supplements. The applications of these are medical, personal use, pharmaceuticals, and wellness and can be distributed across various channels such as hospital pharmacies, retail pharmacies, online stores, and other distribution channels.

Major Driver - Acceptance Of Government Approvals
The rising acceptance and use of CB*D products due to government approvals are expected to propel the growth of the cannabidio*l market. CB*D products are derived from the Cannabi*s Sativa and are used in developing various consumer products and therapies. The governments of various countries understood the potential utility of cannabidio*l for various medical conditions. Hence, with a focus on protecting public health, the governments are also taking certain steps for improving the efficiency of regulatory pathways for the lawful marketing of the products made using cannabidio*l, thereby promoting the growth of the cannabidio*l market. For instance, in January 2022, the Therapeutic Goods Administration, an Australia-based medicine and therapeutic regulatory agency approved around 210,000 SAS Category B applications for unapproved medicinal cannabi*s products. Therefore, the rising acceptance and use of CB*D products due to government approvals are driving the growth of the cannabidio*l market.

Competitive Landscape:
Major companies operating in the cannabidio*l market include Endoca BV, Cannoid LLC, Medical Marijuana Inc., Folium Biosciences, Elixinol Global Limited, NuLeaf Naturals LLC, Isodiol International Inc., Pharmahemp d.o.o., Canopy Growth Corp., CV Sciences Inc., Medterra LLC, Cronos Group, CB*D American Shaman LLC, Walgreens Boots Alliance, Aphria Inc., Maricann Inc., Tilray Inc., Organigram Holding Inc., CannTrust Holdings Company, Charlotte's Web Holdings Inc., Aurora, GW Pharmaceuticals PLC, Green Roads, HempMeds PX LLC, Eco Sciences, Bluebird Botanicals, HempFusion Inc., Kannaway LLC, Lazarus Naturals, Kazmira LLC, HempLife Today LLC

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Top Trend - Innovation In Cannabidio*l Market
Product innovations are a key trend gaining popularity in the cannabidio*l market. Product innovation helps in bringing change in a monotonous market. It helps companies create an edge over others and acquire more customers by launching new products. For instance, in December 2021, Cibdol, a Netherlands-based CB*D and wellness company, launched its exclusive CB*D Oil 2.0 range. It contains greater levels of essential compounds such as CBC, CBG, CBN, CB*Da along with high purity CB*D. A few drops of the new revolutionary CB*D oil formula combat the physical and mental challenges related to modern living through managing the conditions linked to appetite, mood, pain, and sleep.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Cannabidio*l Market Characteristics
3. Cannabidio*l Market Trends And Strategies
4. Cannabidio*l Market - Macro Economic Scenario
5. Cannabidio*l Market Size And Growth
…..
27. Cannabidio*l Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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