Cannabidiol Supplements Market size was valued at USD 5.18 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 16.8% from 2022 to 2030.
The hemp plant provides cannabidiol, which is known for having antipsychotic characteristics. Epilepsy, schizophrenia, and other neuropsychiatric illnesses are all commonly treated with cannabidiol. Additionally used to treat depression, sleeplessness, and anxiety are cannabinoids. Cannabidiol is increasingly in demand due to its many advantages and uses throughout the world. Cosmetics, alcoholic beverages, and pharmaceutical drugs all contain cannabidiol. Market companies are working to broaden cannabidiol’s therapeutic uses, opening up further potential for the market for cannabidiol supplements to flourish in the future. The first cannabidiol medicine on the market with FDA approval is called Epidiolex. The market for cannabidiol supplements is expanding as a result of the rising prevalence of disorders like epilepsy and schizophrenia. The market for cannabidiol supplements is also predicted to develop rapidly as its application in cosmetics products increases.
Because hemp naturally contains a lot of cannabidiol (CBD), which is a chemical molecule found in the cannabis sativa plant, hemp is the most common source of cannabidiol for extraction purposes. In addition to treating anxiety and seizures, it also lessens discomfort. The primary factor influencing the market is the increased demand for CBD for health and wellness purposes because to its therapeutic characteristics. A significant element that is anticipated to increase the manufacture of CBD-infused goods is the increased acceptance and use of products as a result of regulatory approvals.
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By Type
- Hemp-derived Type
- Marijuana-derived Type
By Application
- Retail Pharmacies
- Hospital Pharmacies
- Online Pharmacies
- Others
key players
- Kazmira
- Freedom Leaf
- Medical Marijuana
- Folium Biosciences
- Cannavest
- Pharmahemp
- CBD American Shaman
- Select Oil
- Canopy Growth Corporation
- Aphria
- Whistler
By Region
United States, Canada, Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden, Poland, Belgium, China, Japan, South Korea, Australia, India, Taiwan, Indonesia, Thailand, Philippines, Malaysia, Brazil, Mexico, Argentina, Columbia, Chile, Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of the World.
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This Market report provides experts analysis, strategies, insights, scope and upcoming trends with different type and applications. Artificial Cerebrospinal Fluid Market also provides tables and figures for good understanding of data. Different data like industry segment, channel segment and many more segment data covered in this report. The aim of this report is to give advice and awareness to businesses interested in this Market.
What’s Included in the Report –
- Market size and growth projections, 2020- 2030
- Market size, share, and growth projections across regions and countries, 2022- 2030
- Market size and CAGR of key products, applications, and end-user verticals, 2022- 2030
- Short and long term Market trends, drivers, restraints, and opportunities
- Profiles of 5 leading companies in the industry- overview, key strategies, financials, and products
- Latest market news and developments
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