CBD Nutraceuticals Market Size, Share, Growth Report 2032

CBD Nutraceuticals Market

CBD Nutraceuticals Market - By Type (Isolates, Wax, and Oils), By Form (Gels, Capsules, Creams, Sprays, and Tinctures), By Application (Medical, Biomedical, Nutraceuticals, and Pharmaceuticals), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2028

Category: Pharmaceutical Report Format : PDF Pages: 177 Report Code: ZMR-5435 Published Date: Nov-2021 Status : Published

The global CBD Nutraceuticals Market accrued earnings worth approximately 4.01 (USD Billion) in 2020 and is predicted to gain revenue of about 8.12 (USD Billion) by 2028, is set to record a CAGR of nearly 18.9% over the period from 2021 to 2028.

CBD Nutraceuticals Market Size

The global CBD Nutraceuticals Market accruedearnings worth approximately 4.01 (USD Billion) in 2020 and ispredicted to gain revenue of about 8.12 (USD Billion) by 2028, isset to record a CAGR of nearly 18.9% over the period from 2021 to2028. The report offers assessment and analysis of the CBDNutraceuticals Market on a global and regional level. Thestudy offers a comprehensive assessment of the market competition,constraints, revenue estimates, opportunities, evolving trends, andindustry-validated data. The report provides historical data from2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).

CBD Nutraceuticals Market: Overview

Growing customer tilt towards plant-based supplements along with awareness about remedial features of CBD nutraceuticals will proliferate the growth of CBD nutraceuticals market in upcoming years. Apparently, legalization of hemp-derived cannabidol products inmany countries will enlarge scope of CBD nutraceuticals industry. Massive demand for hemp protein among vegan persons, athletes, and weight-lifters & bodybuilders will proliferate the expansion of the CBD Nutraceuticals market in years ahead. In addition to this, rise inunderstanding of health & well-being of individual and need forreducing pain of patients has resulted into humungous demand for CBD nutraceuticals.

CBD Nutraceuticals Market: Growth Factors

Escalating demand for CBD nutraceuticals in the wellness industry as well as in edible & fortified diets and workout supplements will steer the expansion of the CBD nutraceuticals market over ensuing years. Inaddition to this, high demand for products can be credited toaltering consumer buying behaviour along with awareness about the benefits of hemp-based CBD products as a medicinal herb. Reportedly,need for reducing pain in patients affected due to traumatic injuries to the nervous system will create new growth avenues for the CBD nutraceuticals industry. Furthermore, a rise in the occurrence of auto-immune disorders such as arthritis, fibromyalgia, andinflammatory bowel syndrome will steer market size in upcoming years.

Global CBD Nutraceuticals MarketRequest Free Sample

Moreover, the rise in the occurrence of diseases such as depression, Alzheimer's, anxiety, and epilepsy is predicted to enlarge the scope of CBD nutraceuticals market in ensuing years. Nonetheless, the presence of substitutes such as herbal nutraceuticals such as turmeric, garcinia cambogia, Echinacea, and raspberry ketones can provedetrimental for CBD nutraceuticals growth over forecast period.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and MiddleEast & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain,China, India, Japan, South Korea, Brazil, Argentina, GCC Countries,and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s fiveforces analysis, PEST analysis, value chain analysis, regulatorylandscape, market attractiveness analysis by segments and region,company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact researchneeds.

CBD Nutraceuticals Market: Regional Landscape

North America To Lead Over all Nutraceuticals Market Growth By 2028

Growth of nutraceuticals market in North America over the assessment period is subject to favorable laws supporting use of cannaboid products in countries such as Canada and the U.S. In addition to this, the presence of large number of agricultural research institutes focusing on producing useful agro-based products will promulgate expansion of CBD nutraceuticals market in years ahead.

CBD Nutraceuticals Market: Competitive Landscape

Key players influencing market growth and profiled in the study are Diamond CBD, Medical Marijuana, Inc., Irwin Naturals, Charlotte’sWeb, CV Sciences, Inc., MEDTERRA, Green Roads, and Garden of Life are some market players worth mentioning in the global CBD nutraceuticals market. A majority of key participants are focusingon research and development activities related to new healthcare treatments and trying to introduce new parity products in CBD nutraceuticals market to gain competitive advantage inbusiness.

The global CBD Nutraceuticals Market is segmented as follows:

By Type

  • Oils
  • Isolates
  • Wax

By Application

  • Medical
  • Pharmaceuticals
  • Biomedical
  • Nutraceuticals  

By Form

  • Gels
  • Creams
  • Tinctures
  • Capsules
  • Sprays 

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Escalating demand for CBD nutraceuticals in wellness industry as well as in edible & fortified diet and workout supplements will steer expansion of CBD nutraceuticals market over ensuing years. In addition to this, high demand for product can be credited to altering consumer buying behaviour along with awareness about benefits of hemp-based CBD product as medicinal herb. Reportedly, need for reducing pain in patients affected due to traumatic injuries to nervous system will create new growth avenues for CBD nutraceuticals industry. Furthermore, rise in occurrence of auto-immune disorders such as arthritis, fibromyalgia, and inflammatory bowel syndrome will steer market size in upcoming years. Moreover, rise in occurrence of diseases such as depression, Alzheimer, anxiety, and epilepsy is predicted to enlarge scope of CBD nutraceuticals market in ensuing years.  

According to Zion market research report the global CBD Nutraceuticals Market accrued earnings worth approximately 4.01 (USD Billion) in 2020 and is predicted to gain revenue of about 8.12 (USD Billion) by 2028, is set to record a CAGR of nearly 18.9% over the period from 2021 to 2028.

North America will contribute lucratively towards the regional market size over the estimated timeline. The regional market surge is owing to favorable laws supporting use of cannaboid products in countries such as Canada and the U.S. In addition to this, presence of large number of agricultural research institutes focusing on producing useful agro-based products will promulgate expansion of CBD nutraceuticals market in years ahead.

The key market participants include Diamond CBD, Medical Marijuana, Inc., Irwin Naturals, Charlotte’s Web, CV Sciences, Inc., MEDTERRA, Green Roads, and Garden of Life.  

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