Spreading Legalization Fuels Cannabidiol (CBD) Use in Medicine

 

Markntel Advisors present the latest study on Global Cannabidiol (CBD) Market, covering extensive, in-depth analysis of the ongoing trends, opportunities/ high growth areas, and market drivers, which could help stakeholders to devise and align market strategies according to the future market dynamics. The overall analysis covers an overview of the industry policies, market fluctuations, and the cost structure of the products available.

According to Global Cannabidiol (CBD) Market Research Report: Forecast (2022-27), “The market is projected to grow at a CAGR of 30.48% during the forecast period owing to the general use of Cannabidiol worldwide in varying products as an ingredient. Additionally, the growing legalization of CBD for medicinal uses and increasing research and development for its diversified uses are accelerating industrial growth. Furthermore, mounting government support for CBD application in food and beverages and medical industry is fueling the industrial expansion.”

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Competitive Analysis

Intending to reveal the competitive situation of the industry, the report concretely analyzes not only the leading enterprises that have a voice on a global scale but also the regional small and medium-sized companies that play vital roles and have plenty of potential growth. The major players, among whom the Global Cannabidiol (CBD) Market fluctuates, are Aurora Cannabis Inc, CV Sciences, Endoca, Cannabidiol (CBD) American Shaman, Bluebird Botanicals, Isodiol International, Medical Marijuana Inc, Elixinol, Hemp Inc, Canopy Growth Corporation, and Others.

North America Wins the Lion’s Share with Rising Use of CBD for Health & Wellness Purposes

“Globally, North America holds the dominant share in the market during the historical period owing to the legalization of cannabis, especially in Canada and the US. In addition, increasing the recreational and medical use of CBD for health and wellness purposes is further adding to industrial expansion. Moreover, increasing government relaxations toward hemp production with a surging inclination towards utilizing CBD in food and beverages is extending the market acceleration.”, further states the research report by Markntel Advisors.

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The Scope of the Report

With a business objective, the report details the key takeaway necessary to formulate business strategies like:

•         New product launches

•         New client acquisitions

•         New opportunity mapping (market level and geography level)

•         Competitive benchmarking

•         Cost optimization strategies

•         Expansion plans and more

Enlisting the Segments

The distinct divarication and articulations of the industry are classified into further segments so the stakeholder can obtain detailed information about factors affecting the market along with various factors affecting the elements which lead to fluctuations in the market.  Segment-wise, Global Cannabidiol (CBD) Market spreads across the following:

• By Application
• Medicinal Use
• Beauty & Personal Care
• Pets
• Recreational
• By Product Type
• Edibles
• Flower
• Oil & Tinctures
• Pills & Capsules
• Topicals
• Others (Vape, Spray, etc.)
• By Distribution Channel
• Regulated Dispensary
• Stand-Alone Retailers
• Department/Super Stores
• Online Portals

Customize and Alter:

Customized requirements of multi-dimensional, deep-level, and high-quality can help grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus winning sufficient time and space for market competition. We at Markntel Advisors offer customization & personalization options to further understand and cater to your needs, wants, and requirements. To know more, reach out to us. 

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About MarkNtel Advisors

We are leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

 

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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