Cannabidiol (CBD) Market Insights | Future Outlook & Services | Forecast To 2026

CBD (Cannabidiol) Market Size, Growth and Analysis by Form (Solid and Liquid), Route of Administration (Tincture, Capsules, Inhalation (Smoke or Vapor) , Aerosol Spray), Product (Food Grade and Therapeutic Grade), Application (Neurogenerative Disorder, Fibromyalgia, Diabetes , Protein Bars , Energy Drinks), End User (Food & Beverage, Healthcare), Source (Organic Inorganic) and Region (North America, Europe, Asia Pacific, ROW) - Global Forecast till 2026

CBD Market Overview

The global CBD market size is poised to reach USD 22,07,162.54 million by 2026. It can achieve this mark by exhibiting a CAGR of 125.58% from 2019 to 2026 (forecast period). The use of CBD by patients for alleviating pain levels to a considerable degree is likely to drive the market demand till 2026. According to the National Center for Biotechnology, close to 62% of the global population used CBD for treating medical conditions between 2017 and 2018.

Cannabidiol (CBD) is a non-addictive compound found in the cannabis plant. Its properties of anti-inflammation, anti-anxiety, analgesic, and seizure-suppression are likely to induce heavy demand for the compound in food & beverage and personal skincare sectors. The report written by reputed analysts at Market Research asserts global CBD Industry growth trajectory for period between 2019 and 2026.

CBD Market Segmentation

The global CBD market analysis is majorly bifurcated based on its form, route of administration, production, inhalation, application, and end-user.

The form segment is divided into liquid and solid.

Based on the product, the global CBD market is classified into therapeutic grade and food grade.

Further, the application segment is bifurcated into protein bars, neurogenerative disorder, diabetes, fibromyalgia, and energy drinks.

The global CBD market is segmented into healthcare, personal care, and food & beverage; based on end-user industry.

Based on route of administration, the global CBD market is bifurcated into tincture inhalation, aerosol, and capsules. The inhalation segment is further divided into vapor and smoke.

CBD Industry Players

The key players functioning with their product offering maintaining the momentum of the global CBD market are CV Sciences, Elixinol Global Limited, Green Roads of Florida, Folium Biosciences, Elixinol Global Limited, Medical Marijuana, Inc., Canopy Growth Corporation, CBD Health Solutions, ENDOCA, and Freedom Leaf.

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