CBD Nutraceuticals Market Size, Share, Growth Report 2032
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, 2024 - 2032
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 4.67 Billion | USD 10.73 Billion | 9.7% | 2023 |
CBD Nutraceuticals Market Insights
According to Zion Market Research, the global CBD Nutraceuticals Market was worth USD 4.67 Billion in 2023. The market is forecast to reach USD 10.73 Billion by 2032, growing at a compound annual growth rate (CAGR) of 9.7% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the CBD Nutraceuticals Market industry over the next decade.
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.
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.
CBD Nutraceuticals Market: Report Scope
| Report Attributes | Report Details |
|---|---|
| Report Name | CBD Nutraceuticals Market |
| Market Size in 2023 | USD 4.67 Billion |
| Market Forecast in 2032 | USD 10.73 Billion |
| Growth Rate | CAGR of 9.7% |
| Number of Pages | 177 |
| Key Companies Covered | Diamond CBD, Medical Marijuana, Inc., Irwin Naturals, Charlotte’sWeb, CV Sciences, Inc., MEDTERRA, Green Roads, and Garden of Life |
| Segments Covered | By Product Type, By Application, and By End Use and By Region |
| Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
| Base Year | 2023 |
| Historical Year | 2018 to 2022 |
| Forecast Year | 2024 - 2032 |
| Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
CBD Nutraceuticals Market: Regional Landscape
North America To Lead Over all Nutraceuticals Market Growth By 2032
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
- 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 $ 4.67 Billion in 2023 and is predicted to gain revenue of about $ 10.73 Billion by 2032, is set to record a CAGR of around 9.7% from 2024 to 2032.
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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