How Has The Global Cannabidiol Market Progressed and What is its Future Forecast?
The cannabidiol market size has grown exponentially in recent years. It expanded from $12.94 billion in 2024 to a projected $17.85 billion in 2025, growing at a compound annual growth rate (CAGR) of 37.9%. This tremendous growth can be attributed to changing regulatory environments promoting increased legalization of CBD, growth in public recognition of the health benefits of CBD, emerging product categories such as CBD-infused food and skincare, and augmented availability of CBD products through retail and e-commerce channels.
The cannabidiol market size is foreseen to grow exponentially in the coming years, reaching $58.98 billion by 2029 with a CAGR of 34.8%. Factors contributing to this forecasted growth include global legalization and regulatory harmonization of CBD products, increased consumer interest in CBD for mental health and relaxation, and expansion of the pet CBD market.
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What Are The Key Drivers Of Cannabidiol Market Growth?
The rising acceptance and use of CBD products, fueled by government approvals, are driving the growth of the cannabidiol market. Governments of various countries are recognizing the potential utility of cannabidiol for various medical conditions, prompting the improvement of the efficiency of regulatory pathways for the lawful marketing of CBD-enhanced products.
What Segments Shape The Global Cannabidiol Market?
Key market segments include:
1) By Product: Oil, Tinctures, Suppository, Transdermal Patches, Vape Oil, Isolates, Creams and Roll-on, Capsules, Tablet, Other Products
2) By Source: Marijuana, Hemp
3) By Treatment: CBD Oil, Supplements
4) By Application: Medical, Personal Use, Pharmaceuticals, Wellness
5) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Stores, Other Distribution Channels
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Who Are The Major Players In The Cannabidiol Market?
Major companies operating in the cannabidiol market include Endoca BV, Cannoid LLC, Medical Marijuana Inc., Folium Biosciences, Elixinol Global Limited, NuLeaf Naturals LLC, Isodiol International Inc., Pharmahemp d.o.o., Canopy Growth Corp., CV Sciences Inc., Medterra LLC, Cronos Group, CBD American Shaman LLC, Walgreens Boots Alliance, Aphria Inc., and others.
Are There Any Noteworthy Trends In The Cannabidiol Market?
Companies are focusing on product innovation, such as non-psychotropic substances that do not affect mental processes, thus allowing usage for medicinal purposes without causing a high.
Which Regions Are Leading The Cannabidiol Market?
North America held the largest share in the cannabidiol market in 2024, with Asia-Pacific forecasted as the fastest-growing region in the coming years.
What Does The Cannabidiol Market Report 2025 Offer?
Cannabidiol is a chemical compound found in hemp or marijuana and is used to treat various health problems. Its applications range from coffee products, skincare items to pet treats.
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