IMARC Group's report titled "Cannabidiol Market Report by Product (CBD Oil, CBD Isolates, CBD Concentrates, and Others), Source Type (Marijuana, Hemp), Grade (Food Grade, Therapeutic Grade), Sales Type (B2B, B2C), and Region 2024-2032". offers a comprehensive analysis of the industry, which comprises insights on the global cannabidiol market growth. The global market size reached US$ 6.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 22.1 Billion by 2032, exhibiting a growth rate (CAGR) of 15.46% during 2024-2032.

Factors Affecting the Growth of the Cannabidiol Industry:

• Growing Acceptance and Legalization:

The market is experiencing growth due to the increasing acceptance and legalization of products derived from cannabis. Many countries and states are changing their laws to allow cannabis for medical and recreational use. These changes are making it easier for businesses to offer CBD products by creating a more favorable regulatory environment. Consequently, CBD products are more accessible to consumers, leading to a higher demand. Additionally, as attitudes towards cannabis change and negative perceptions decrease, more people are turning to CBD for its potential health advantages and therapeutic qualities.

• Rising Awareness of Health Benefits:

The growing understanding of the many advantages of CBD among the public is driving the expansion of the market. Ongoing scientific studies are exploring the healing properties of CBD, revealing more proof of its effectiveness in addressing a range of health issues. CBD is gaining recognition for its diverse uses in supporting general well-being, such as managing pain, alleviating anxiety, enhancing skincare, and addressing sleep problems. Additionally, as holistic health practices become more popular and there is a rise in the preference for natural remedies, individuals are actively seeking alternatives to traditional pharmaceuticals, leading to a surge in interest in CBD products. Influencers on social media, celebrities, and health professionals are also contributing to the promotion of CBD benefits, increasing its exposure and availability to a wider audience.

• Diverse Product Innovation:

The market is expanding due to the ongoing introduction of new CBD products, which are being developed in response to the increasing demand for a variety of convenient formulations. Companies in the industry are dedicating significant resources to research and development in order to produce innovative CBD items that address different preferences and requirements. With a wide range of options available, such as CBD oils, tinctures, edibles, topicals, beverages, and pet products, major market players are providing consumers with numerous choices. This variety not only showcases the flexibility of CBD but also ensures that individuals can find products that suit their lifestyles, preferences, and desired results.

Leading Companies Operating in the Global Cannabidiol Industry:

• Aurora Cannabis Inc.
• Canopy Growth Corporation
• CV Sciences Inc.
• Elixinol Global Limited
• Endoca BV
• Folium Biosciences
• Green Roads of Florida LLC (The Valens Company Inc.)
• Isodiol International Inc.
• Koi CBD
• Medical Marijuana Inc.
• Medterra CBD
• NuLeaf Naturals LLC
• PharmaHemp d.o.o.
• Tilray Brands Inc

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/chestnut-market/requestsample

Cannabidiol Market Report Segmentation:

By Product:

• CBD Oil
• CBD Isolates
• CBD Concentrates
• Others

CBD isolates represent the largest segment as they contain zero THC, the psychoactive compound found in cannabis.

By Source Type:

• Marijuana
• Hemp

Marijuana accounts for the majority of the market share due to its ability to alleviate pain.

By Grade:

• Food Grade
• Therapeutic Grade

Therapeutic grade holds the biggest market share. It is of high quality and suitable for therapeutic use.

By Sales Type:

• B2B
• B2C

B2B exhibits a clear dominance in the market owing to the increasing number of benefits offered by it, including the availability of customization.

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Global Cannabidiol Market Trends:

The rules and regulations concerning CBD have a big impact on how the market operates. Governments are working on putting in place and improving regulations that control how CBD products are made, sold, and distributed. This means that businesses have to follow strict rules to make sure they are operating legally. When regulations are clear and consistent, it helps the market grow because businesses know what to expect and consumers feel more confident about the safety and quality of products. With new regulations like the approval of CBD-based medicines or programs for growing hemp, there are opportunities for the market to expand and for industry standards to be set.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: [email protected]

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145 |United Kingdom: +44-753-713-2163