Cannabidiol Products Market Size, Share, Growth Report 2032

Cannabidiol Products Market Size

The global cannabidiol products market size was worth around USD 6.31 billion in 2023 and is predicted to grow to around USD 23.25 billion by 2032 with a compound annual growth rate (CAGR) of roughly 15.6% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The report covers a forecast and an analysis of the Cannabidiol Products market on a global and regional level.

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Cannabidiol Products Market: Overview

CBD or cannabidiol is one of the various compounds found in the cannabis plant. Cannabidiol is commonly derived from hemp and marijuana, which originates from the same plant class called Cannabis sativa. Marijuana-based cannabidiol products have a comparatively high content of tetrahydrocannabinol as compared to hemp-derived cannabidiol products. The latest trend that is gaining popularity in the market in various parts of the world is increasing the impact of online retailing of cannabidiol products. The growing popularity of e-commerce trade across the globe has provided cannabidiol companies with an opportunity to improve their revenues and profit margins. 

Cannabidiol has a list of health benefits, which is making companies from almost every consumable category, i.e., counting dietary supplements, beverages, pet products, skin care, etc., vigorously explore the business in the cannabidiol products market in different parts of the world. This is the primary factor that is likely to drive the development of the cannabidiol products market on a global scale over the estimated timeframe. Due to the growing awareness about cannabidiol products and a large number of product applications in different industries, the market players are immensely attracted toward the cannabidiol products market. Moreover, the high-profit margin in the cannabidiol products is likely to further propel the growth of the cannabidiol products market globally.

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Cannabidiol Products Market: Segmentation

The global cannabidiol products market is segmented based on application and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

By application, the global cannabidiol products market is segmented into food and beverages, pharmaceuticals, cosmetics, and others. The food and beverages segment is further divided into cannabidiol edibles and cannabidiol beverages. The pharmaceutical segment includes capsules, suppository, tinctures, topicals, transdermal patches, inhalers, and others.

Cannabidiol Products Market: Report Scope

Cannabidiol Products Market: Regional Analysis

On the basis of region, the global cannabidiol products market includes North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa.

The regional segment of the global cannabidiol products market includes North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. The North American region held a major share of the global cannabidiol products market in the year 2023 and is estimated to dominate the market globally over the forecast time period as well. The Asia Pacific and the Middle Eastern and African regions are expected to register a high rate of growth in the cannabidiol products market over the forecast period. 

Key Market Players & Competitive Landscape

Some key players of the global cannabidiol products market are:

• CV Sciences
• Gaia Botanicals
• ENDOCA
• Isodiol International
• Medical Marijuana
• Aurora Cannabis (AC)
• CBD American Shaman
• Canopy Growth Corporation
• Elixinol
• IRIE CBD
• Beverages Trade Network
• Coca–Cola
• Lagunitas
• The Supreme Cannabis Company
• General Cannabis Corporation
• Heineken
• Cannabis Sativa Inc.
• Insys Therapeutics Inc.

This report segments the global cannabidiol products market into:

Global Cannabidiol Products Market: Application Analysis

• Food and Beverages
  • Cannabidiol Edibles
  • Cannabidiol Beverages
• Pharmaceuticals
  • Capsules
  • Suppository
  • Tinctures
  • Topicals
  • Transdermal Patches
  • Inhalers
  • Others
• Cosmetics
• Others

Global Cannabidiol Products Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa