Cannabidiol (CBD) Oil Market Analysis and Size

CBD oil demonstrates effectiveness in alleviating chronic injury-related pain, as well as addressing issues such as inflammation, anxiety, and insomnia. It enhances both physical and cognitive functions while regulating mood, pain perception, and memory. CBD, one of the 113 identified cannabinoids in cannabis plants, comprises a substantial portion, up to 40%, of the plant's extract.

Data Bridge Market Research analyses that the global cannabidiol (CBD) oil market which was USD 13.70 Billion in 2022, is expected to reach USD 189.76 Billion by 2030, and is expected to undergo a CAGR of 38.9% during the forecast period of 2023 to 2030. “CBD Dominant” dominates the type segment of the global cannabidiol (CBD) oil market due to its well-documented therapeutic benefits, minimal psychoactive effects, and legal status in many regions. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Global Cannabidiol (CBD) Oil Market Dynamics

Drivers

Growing Acceptance of Medicinal Uses

The increasing acknowledgment of CBD's potential health benefits, including anxiety and pain management, is propelling the global CBD oil market forward, as more consumers seek natural remedies.

Legalization and Regulatory Changes

Evolving legal frameworks and regulations surrounding CBD contribute significantly to market expansion. With more regions legalizing and regulating CBD products, businesses find new opportunities to invest and operate. This driver underscores the impact of changing policies on market dynamics, fostering growth in the global CBD oil market.

Opportunities

Expansion into Mainstream Retail

CBD products have the potential to reach a broader customer base by transitioning from specialized stores to mainstream retail outlets. This opportunity underscores the scalability of the market and the potential for increased consumer accessibility.

Innovation and Product Diversification

Continuous innovation in CBD product development, including novel delivery methods and formulations, presents exciting opportunities for market expansion. These innovations can differentiate products and cater to evolving consumer preferences, driving growth in the global CBD oil market.

Restraints/Challenges

Quality Control and Labeling Issues 

Ensuring product quality and accurate labeling remains a pressing concern. Poorly labeled or subpar-quality products can erode consumer trust, negatively impacting the market. This restraint underscores the importance of stringent quality control and labeling standards.

Competition among CBD Manufacturers

The market continually expanding, competition among CBD manufacturers and retailers intensifies. New entrants face hurdles in establishing themselves and gaining market share. This challenge highlights the need for differentiation and strategic positioning within a competitive landscape.

This global cannabidiol (CBD) oil market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global cannabidiol (CBD) oil market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

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Recent Development

In April 2023, Kelvion expanded its industrial air cooler range to support the use of natural refrigerants like CO2, ammonia, or propane for decarbonization. These air coolers offer green and cost-efficient operation, aligning with the growing demand for eco-friendly refrigerants and their benefits in terms of environmental impact and affordability. The range includes cubic and dual discharge air coolers suitable for various applications in refrigeration plants, distribution centers, and food processing facilities

Global Cannabidiol (CBD) Oil Market Scope

The global cannabidiol (CBD) oil market is segmented on the basis of type, product type, product category, application, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

THC Dominant

CBD Dominant

Marijuana Based

Hemp Based

Product Type

Original

Blended

Product Category

Unflavoured

Flavored

Application

Food and Beverages

Personal Care/Cosmetics

Pharma and Nutraceuticals

Industrial Application

Distribution Channel

Direct

Indirect

Global Cannabidiol (CBD) Oil Market Regional Analysis/Insights

The global cannabidiol (CBD) oil market is analyzed and market size insights and trends are provided by country, type, product type, product category, application, and distribution channel referenced above.

The countries covered in the global cannabidiol (CBD) oil market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America

North America dominates the global cannabidiol (CBD) oil market due to its progressive legalization, robust consumer demand, and established industry infrastructure.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.  

Competitive Landscape and Global Cannabidiol (CBD) Oil Market Share Analysis

The global cannabidiol (CBD) oil market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global cannabidiol (CBD) oil market.

Some of the major players operating in the global cannabidiol (CBD) oil market are:

Charlotte's Web Holdings, Inc. (U.S.)

Medterra CBD (U.S.)

Green Roads (U.S.)

Bluebird Botanicals (U.S.)

Canopy Growth Corporation (Canada)

Elixinol (Australia)

CBDistillery (U.S.)

Cannabidiol Life (U.S.)

Joy Organics (U.S.)

Endoca (Denmark)

Aurora Cannabis Inc. (Canada)

Lazarus Naturals (U.S.)

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