The global CBD oil and CBD consumer health market size is expected to reach USD 123.2 billion by 2027, expanding at a CAGR of 25.6% over the forecast period, according to a new report by Grand View Research, Inc. Growing buyer awareness regarding various health benefits offered by cannabidiol (CBD) and increasing legalization of cannabidiol oil and infused products is contributing towards the adoption of cannabidiol as a consumer health product, thereby positively impacting the market growth. Furthermore, changing buyer perception and attitude towards hemp-derived cannabidiol-based products is further bolstering revenue growth over the forecast period.
Based
on the type of product, the full spectrum oil segment dominated the market in
2019. Factors contributing to the increase in demand for cannabidiol include
rising buyer preference toward cannabidiol as a product category, the surge in
demand for full-spectrum distillates, and many companies entering into bulk as
well as finished product business. On the other hand, the nutraceuticals
segment dominated the market with a share of 48.3% in 2019. Favorable
government initiatives for hemp-derived cannabidiol, rising awareness regarding
cannabidiol, and changing buyer preferences from chemical-based ingredients to
organic ingredients in dietary supplements are the key factors driving the
market.
In
2019, the B2B distribution channel segment accounted for the highest revenue
share in the market. This growth is attributed to the increase in demand for
cannabidiol oil in various sectors such as pharmaceutical, food and additives,
health and wellness, and cosmetics. On the other hand, retail pharmacies
dominated the market in 2019. The increase in the number of companies selling
their products via retail pharmacies is fueling the growth of the segment.
North
America dominated the market with a revenue share of 68.5% in 2019 owing to
ease of accessibility, growing awareness regarding various medical benefits of
cannabidiol among users, and the rise in the number of manufacturers.
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CBD Oil & CBD
Consumer Health Market Report Highlights
- The
increasing legalization of cannabidiol based products and increasing
adoption of cannabidiol as consumer products are anticipated to propel
market growth
- The
cannabidiol oil segment dominated the market in 2019, owing to the surge
in demand for full-spectrum products
- Nutraceuticals
dominated the market in 2019 with a share of 48.3%, owing to the rise in
user shift from chemical-based ingredients to organic and herbal
ingredients in dietary supplements
- The B2B
distribution channel segment dominated the market in 2019, owing to the
increase in demand for cannabidiol based products in various sectors such
as pharmaceutical, food and additives, health and wellness, and cosmetics
- The retail
pharmacies segment dominated the market with a revenue share of 40.7% in
2019, owing to exclusive collaborations of companies with retail
pharmacies
- North America
dominated the market with a revenue share of 68.5% in 2019, owing to ease
of accessibility, increase in awareness about cannabidiol, and
legalization of medical cannabis in the region.
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CBD Oil & CBD
Consumer Health Market Segmentation
Grand View Research has
segmented the global CBD oil & CBD consumer health market based on the
product, distribution channel, and region:
CBD Oil & CBD
Consumer Health Product Outlook (Revenue, USD Million, 2016 - 2027)
- Cannabidiol (CBD) Oil
- CBD Oil
- Cannabidiol Isolate
- Synthetic Cannabidiol
- Cannabidiol Consumer Health
- Medical OTC Products
- Cannabidiol Analgesic Products
- Cannabidiol Dermatology Products
- Cannabidiol Mental Health Products
- Cannabidiol Sleeping Aids Products
- Other OTC Products
- Nutraceuticals
- Cannabidiol Vitamins and Dietary Supplements
(VDS)
- Cannabidiol Sports Nutrition
- Cannabidiol Weight Management and Wellbeing
- Food and Beverages
- Pharmaceuticals
- Personal Care & Cosmetic Products
- Cannabidiol Infused Skin Care Products
- Cannabidiol Infused Beauty Products
- Cannabidiol Infused Hair Care Products
CBD Oil & CBD
Consumer Health Distribution Channel Outlook (Revenue, USD Million,
2016 – 2027)
- Cannabidiol Oil
- B2B
- Pharma Manufacturers
- Consumer Goods Manufacturers
- Nutraceutical Manufacturers
- Others
- B2C
- Cannabidiol Consumer Health
- Online
- Retail Stores
- Retail Pharmacies
CBD Oil & CBD
Consumer Health Regional Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- The U.S.
- Canada
- Europe
- The U.K.
- Germany
- France
- Switzerland
- Poland
- Netherlands
- Croatia
- Czech Republic
- Italy
- Asia Pacific
- Australia
- New Zealand
- South Korea
- Japan
- China
- India
- Latin America
- Brazil
- Mexico
- Colombia
- Argentina
- Uruguay
- Chile
- Middle East Africa
- Israel
- South Africa
List of Key
Players of CBD Oil & CBD Consumer Health Market
- CVSciences, Inc.
- Medical Marijuana, Inc.
- CHARLOTTE’S WEB
- ENDOCA
- Isodiol
- Elixinol
- NuLeaf Naturals, LLC
- JOY Organics
- Kazmira
- Lord Jones
- Aurora Cannabis
- Canopy Growth Corporation
- Global Cannabinoids, Inc.
- IrieCBD
- CBD American Shaman.
- BioVectrainc.
- Bluebird Botanicals
- Noramco
- Cure Pharmaceutical.
- GW Pharmaceuticals, PLC.
- CBDepot
- Cibdol
- THC Pharm Gmbh
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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