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Research Reports

Cannabidiol Market Poised to Reach US$ 3 Billion in Terms of Value by 2031, Says Fact.MR

Published by top news

Posted on August 25, 2021

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According to a new analysis by Fact.MR, the global cannabidiol (CBD) market will hit US$ 3 Bn by 2021. The market for cannabidiol products further expand to surpass US$ 34 Bn by 2031, expanding more than 11x, thanks to rising demand for full legalization and a ready consumer base.

The Market Research Survey of Cannabidiol by “Fact.MR, A Market Research and Competitive Intelligence Provider” highlights the key reasons behind increasing demand and growth. Sales Outlook of Cannabidiol as per the Market Research Survey is fairly positive and expected to register higher market growth during forecast period. The market survey report also provides latest industry analysis on Cannabidiol with key analysis of Cannabidiol market drivers, trends, and influencing factors.

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Key Segments Covered

Source
- Hemp-based CBD
- Marijuana-based CBD
Form
- CBD Processed Oil
- CBD Distillate
- CBD Isolate
Grade
- Food Grade CBD
- Therapeutic Grade CBD
Application
- CBD for Food & Beverage
- CBD for Cosmetics & Personal Care
- CBD for Pharmaceuticals
- CBD for Other Applications

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Key questions answered in Cannabidiol Market Survey Report:

What is the current scenario and key trends in Cannabidiol Market?
What are the key strategies companies are adopting to increase their consumer base?
What are the key categories within the Cannabidiol segments and their future potential?
What are the major Cannabidiol Market drivers and their expected impact during the short, medium, and long terms?
What is the Cannabidiol Market size and what are the opportunities for the key players?

Increasing Application of Marijuana-based CBD Products Fueling Expansion?

By 2028, marijuana based cannabidiol industry is expected to be worth US$ 31 Bn. CBD is derived as an oil or a powder from marijuana plants. These can be blended into lotions or gels, or put into capsules and ingested or applied to the skin.

Tetrahydrocannabinol (THC) is also used in the creation of medications to treat neurological illnesses like dementia, Alzheimer’s disease, epilepsy, and other conditions. Because of its psychotropic characteristics, THC is heavily restricted in the majority of countries; as a result, it is expected to grow slowly in comparison to hemp.

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Essential Takeaways from the Market Report

Comparison of prominent players operating in the Cannabidiol market.
Identification of Cannabidiol Market drivers, restraints and other forces impacting the global market.
Recent developments and key strategies adopted by market players.
Study of the micro and macro-economic growth indicators.
Impact of the various factors on the value chain.
Evaluation of current Cannabidiol market size, forecast and technological advancements within the industry.

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How is Alleviation of Restrictions Fueling CBD Products Demand?

Cannabis comprises over 100 chemical compounds known as cannabinoids, with the most common among them being CBD and THC. The World Health Organization’s Expert Committee on Drug Dependence (ECDD) published a report in 2017, which acknowledges clinical employment of CBD to be the most advanced treatment of epilepsy.

CBD is perceived to have significant therapeutic value for seizures on account of epilepsy and relevant conditions. In addition, clinical trials conducted on CBD have depicted its efficacy in treatment of various forms of epilepsy. Based on this development, countries are seeking to incorporate CBD-based therapeutics which will significantly generate demand.

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The Report Covers Exhaustive Analysis On:

Cannabidiol Market Drivers, Segments and Restraints.
Cannabidiol Market Survey and Dynamics
Cannabidiol Market Size & Demand
Cannabidiol Key Trends/Issues/Challenges
Cannabidiol Sales, Competition & Companies involved

Explore Fact.MR’s Coverage on the Food and Beverages Domain

Flavored Syrup Market – Newly-released flavored syrup industry analysis shows that global sales enjoyed year-on-year (YoY) growth of 2.9% in 2020, to total a valuation of US$ 50 Bn. Fruit flavoured syrup marked growth of 4.5% to reach US$ 20.1 Mn, while vanilla flavored syrup was up 9.1% to close in on a valuation of US$ 7.3 Bn.

Softgels Dietary Supplements Market – By value, Fact.MR has projected over 7% CAGR for softgel dietary supplement sales during 2021-2031. In terms of volume, demand is expected to increase at around 7.5% CAGR over the same period.

Insoluble Fiber Market – The global insoluble fiber market is projected to expand at a CAGR of 6% over the 2021 to 2031 forecast period, with demand for use in functional food & beverages the highest.

About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

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