CBD Market | Discover Top Trends and Drivers
Cannoid LLC, Canopy Growth Corp., CBD American Shaman LLC, CV Sciences Inc., Elixinol, Endoca BV, Gaia Botanicals LLC are some of the key market vendors
The CBD market and it is expected to grow by $ 29.91 billion, accelerating at a CAGR of almost 26.93% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to enable growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.
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CBD Market: Market Segments and Key Trends
The cannabidiol market is segmented by Market Landscape (Marijuana and Hemp) and Geography (North America, Europe, APAC, South America, and MEA). North America led the market with 53% of the market growth set to originate from this region during the forecast period. High cost of CBD products is one of the challenges that will need to be overcome to drive growth. The research report provides market share projections of each segment along with a detailed analysis of all the factors that are likely to boost growth within specific regions as well as global markets.
CBD Market: Top Drivers to Boost Demand
Rising popularity of CBD oil is one of the primary factors that will drive the growth of the CBD market. In addition, high demand from several other end-user industries such as the personal care sector, food and beverages, and health-care sector are expected to drive market growth. The report provides a detailed study of this and all the other drivers that are likely to boost the market growth. For a deeper understanding of this market request our FREE Sample Report. Our analysis will help the client to prepare for recovery and growth post the havoc caused by the pandemic.
CBD Market: Competitive Landscape
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Cannoid LLC, Canopy Growth Corp., CBD American Shaman LLC, CV Sciences Inc., Elixinol, Endoca BV, Gaia Botanicals LLC, Isodiol International Inc., and NuLeaf Naturals LLC are some of the major market participants. For more insights on this market: Download a Free Sample Report
CBD Market: Key Highlights of the Report for 2021-2025
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