CB*D Nutraceuticals Market Overview 2024-2033: Key Drivers and Insights

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

CB*D Nutraceuticals Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $17.25 billion In 2028 At A CAGR Of 18.1% :

The CB*D nutraceuticals market size has grown rapidly in recent years. It will grow from $7.39 billion in 2023 to $8.86 billion in 2024 at a compound annual growth rate (CAGR) of 19.9%. The growth in the historic period can be attributed to product diversification, advancements in extraction methods, acceptance by healthcare professionals, expansion of retail channels, integration into consumer lifestyles.

The CB*D nutraceuticals market size is expected to see rapid growth in the next few years. It will grow to $17.25 billion in 2028 at a compound annual growth rate (CAGR) of 18.1%. The growth in the forecast period can be attributed to integration into mainstream wellness, quality control measures, shifting attitudes in healthcare, continued research and development, diversification of product range. Major trends in the forecast period include legalization and regulatory changes, consumer awareness and education, rise in health and wellness consciousness, expansion of product variety, research and development.

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CB*D Nutraceuticals Market Major Segments
The CB*D nutraceuticals market covered in this report is segmented -

1) By Product: CB*D Tinctures, Capsules and Soft Gels, CB*D-Based Protein, CB*D Gummie*s
2) By Distribution Channel: Retail Stores, Pharmacies, E-Commerce Portals, Other Distribution Channels
3) By Application: Wellness, Workout Supplements, Edibles And Fortified Foods

Key Driver - The Growing Demand For Plant-Based Foods Fuels CB*D Nutraceutical Market Expansion

The increase in demand for plant-based food is expected to propel the growth of the CB*D nutraceuticals market. Herbal supplements (plant-based dietary supplements) refer to dietary supplements obtained or prepared from the oils, roots, seeds, berries, or flowers of one or more herbs. Herbal supplements are gaining popularity over conventional supplements as they are made from natural sources and don't contain hazardous chemicals. CB*D nutraceuticals are derived from cannabi*s plants and have health benefits in addition to the basic nutritional value found in foods. Thus, the increase in demand for plant-based dietary supplements boosts the sales of CB*D nutraceuticals. For instance, in 2021, according to the Plant-Based Food Association, a US-based trade association representing the nation's plant-based food companies, U.S. retail sales of plant-based foods reached $7.4 billion. Therefore, the increase in demand for plant-based food is driving the growth of the CB*D nutraceutical market.

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Prominent Trend - Product Advancements Drive Growth In The CB*D Nutraceuticals Market

Product innovations are a key trend gaining popularity in the CB*D nutraceuticals market. Major companies involved in the CB*D nutraceuticals market are focused on innovating new products to strengthen and sustain their position in the market. For instance, in December 2021, Cibdol, a Netherlands-based CB*D and wellness company, launched its exclusive CB*D, or cannabidio*l, Oil 2.0 range. It contains greater levels of essential compounds such as CBC (cannabichromene), CBG (cannabigerol), CBN (cannabinol), and CB*Da (cannabidio*lic acid), 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 by managing the conditions linked to appetite, mood, pain, and sleep. Its improved recipe significantly boosts the levels of the smaller compounds, resulting in a more potent sensation. These components are regarded to not only complement each other better but also to have diverse effects on different receptors and biological systems.

CB*D Nutraceuticals Market Players
Major companies operating in the CB*D nutraceuticals market report are CV Sciences Inc., Elixinol LLC, Medterra CB*D, Charlotte's Web Holdings Inc., Diamond CB*D Inc., Garden of Life LLC, Green Roads, Isodiol International Inc., Medical Marijuana Inc., Cannavedic Pvt. Ltd., Canopy Growth Corporation, Folium Biosciences LLC, Gaia Botanicals LLC, Kats Botanicals Ltd., Medix CB*D, Valens Company, Aphria Inc., Hemp Bombs, Cronos Group Inc., GW Pharmaceuticals Group plc, Harvest One Cannabi*s Inc., The Supreme Cannabi*s Company, Organigram Holdings Inc., HEXO Corp., Aleafia Health Inc., MediPharm Labs Corp., Joy Organics LLC, Shaman Botanicals LLC, Irwin Naturals Inc., HempFusion Wellness Inc.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the CB*D nutraceuticals market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global CB*D nutraceuticals market report forecast period. The regions covered in the CB*D nutraceuticals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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

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