Global CBD for Health and Wellness Market Research Report 2024
Published on: 2024-01-04 | No of Pages : 400 | Industry : Pharma & Healthcare
Publisher : MRA | Format : PDF
Global CBD for Health and Wellness Market Research Report 2024
CBD products used by consumers to treat minor ailments such as arthritis/joint pain, back pain, muscle.soreness, headache, occasional sleeplessness, anxiety or stress, or products that are used for wellness.
According to Mr Accuracy reports’s new survey, global CBD for Health and Wellness market is projected to reach US$ 8954.1 million in 2029, increasing from US$ 6450 million in 2022, with the CAGR of 4.9% during the period of 2024 to 2029.
The global CBD (Cannabidiol) for health and wellness market refers to the industry that involves the production and distribution of CBD products for various health and wellness purposes. CBD is a naturally occurring compound found in the cannabis plant. Unlike THC (Tetrahydrocannabinol), CBD does not have psychoactive effects and is not known to cause a “high.”
In recent years, there has been a significant increase in the popularity and acceptance of CBD for its potential therapeutic properties. CBD is believed to have anti-inflammatory, analgesic, and anti-anxiety effects, among others. It has been used for various health and wellness purposes, including pain management, relaxation, stress relief, sleep improvement, skincare, and more.
The global CBD for health and wellness market has experienced rapid growth, driven by factors such as increasing consumer awareness about the potential benefits of CBD, changing regulations surrounding cannabis and hemp products in many countries, and the growing trend towards natural and alternative wellness solutions.
Key market trends and factors influencing the global CBD for health and wellness market include
Legalization and Regulatory ChangesThe legalization of cannabis and hemp cultivation and the relaxation of regulations surrounding CBD products in several countries have contributed to the growth of the market. This allows for increased production, distribution, and access to CBD products.
Growing Consumer DemandConsumers are increasingly seeking natural and holistic approaches to health and wellness, leading to a rise in demand for CBD products. People are turning to CBD for its potential therapeutic benefits and as an alternative to traditional pharmaceuticals.
Product DiversityThe market offers a wide range of CBD-infused products, including oils, tinctures, capsules, edibles, topicals, and more. This diversity allows consumers to choose products that suit their preferences and needs.
Increasing Research and Scientific EvidenceOngoing research studies on CBD’s potential benefits are providing scientific evidence for its efficacy in managing various health conditions. This research is boosting consumer confidence and driving market growth.
Retail ExpansionCBD products are increasingly available in various retail channels, including pharmacies, wellness stores, online retailers, and even mainstream grocery stores. This retail expansion makes CBD products more accessible to consumers.
Investment and MergersThe CBD industry has attracted significant investment and witnessed mergers and acquisitions, leading to market consolidation and increased competition among industry players.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2024-2034), aims to help readers to get a comprehensive understanding of global CBD for Health and Wellness market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
Bluebird Botanicals
Bluemoon Hemp
CBD American Shaman
CBDfx
CBDistillery
Charlotte's Web
Curaleaf Hemp
CV Sciences
Diamond CBD
Elixinol LLC
Endoca BV
Functional Remedies, LLC
Irie CBD
Isodiol International
Mary’s Nutritionals
Medical Marijuana
Segment by Type
Capsules
Crystals
Gummies
Powder
Nasal Sprays
Topical Creams
Anxiety and Stress Relief
General Pain Relief (Oral)
Topical Pain Relievers
Sleep Aids
Vitamins and Supplements
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Southeast Asia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
The CBD for Health and Wellness report covers below items
Chapter 1Product Basic Information (Definition, Type and Application)
Chapter 2Manufacturers’ Competition Patterns
Chapter 3Country Level Sales Analysis
Chapter 4Product Type Analysis
Chapter 5Product Application Analysis
Chapter 6Manufacturers’ Outline
Chapter 7Industry Chain, Market Channel and Customer Analysis
Chapter 8Market Opportunities and Challenges
Chapter 9Market Conclusions
Chapter 10Research Methodology and Data Source
According to Mr Accuracy reports’s new survey, global CBD for Health and Wellness market is projected to reach US$ 8954.1 million in 2029, increasing from US$ 6450 million in 2022, with the CAGR of 4.9% during the period of 2024 to 2029.
The global CBD (Cannabidiol) for health and wellness market refers to the industry that involves the production and distribution of CBD products for various health and wellness purposes. CBD is a naturally occurring compound found in the cannabis plant. Unlike THC (Tetrahydrocannabinol), CBD does not have psychoactive effects and is not known to cause a “high.”
In recent years, there has been a significant increase in the popularity and acceptance of CBD for its potential therapeutic properties. CBD is believed to have anti-inflammatory, analgesic, and anti-anxiety effects, among others. It has been used for various health and wellness purposes, including pain management, relaxation, stress relief, sleep improvement, skincare, and more.
The global CBD for health and wellness market has experienced rapid growth, driven by factors such as increasing consumer awareness about the potential benefits of CBD, changing regulations surrounding cannabis and hemp products in many countries, and the growing trend towards natural and alternative wellness solutions.
Key market trends and factors influencing the global CBD for health and wellness market include
Legalization and Regulatory ChangesThe legalization of cannabis and hemp cultivation and the relaxation of regulations surrounding CBD products in several countries have contributed to the growth of the market. This allows for increased production, distribution, and access to CBD products.
Growing Consumer DemandConsumers are increasingly seeking natural and holistic approaches to health and wellness, leading to a rise in demand for CBD products. People are turning to CBD for its potential therapeutic benefits and as an alternative to traditional pharmaceuticals.
Product DiversityThe market offers a wide range of CBD-infused products, including oils, tinctures, capsules, edibles, topicals, and more. This diversity allows consumers to choose products that suit their preferences and needs.
Increasing Research and Scientific EvidenceOngoing research studies on CBD’s potential benefits are providing scientific evidence for its efficacy in managing various health conditions. This research is boosting consumer confidence and driving market growth.
Retail ExpansionCBD products are increasingly available in various retail channels, including pharmacies, wellness stores, online retailers, and even mainstream grocery stores. This retail expansion makes CBD products more accessible to consumers.
Investment and MergersThe CBD industry has attracted significant investment and witnessed mergers and acquisitions, leading to market consolidation and increased competition among industry players.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2024-2034), aims to help readers to get a comprehensive understanding of global CBD for Health and Wellness market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
Bluebird Botanicals
Bluemoon Hemp
CBD American Shaman
CBDfx
CBDistillery
Charlotte's Web
Curaleaf Hemp
CV Sciences
Diamond CBD
Elixinol LLC
Endoca BV
Functional Remedies, LLC
Irie CBD
Isodiol International
Mary’s Nutritionals
Medical Marijuana
Segment by Type
Capsules
Crystals
Gummies
Powder
Nasal Sprays
Topical Creams
Segment by Application
Anxiety and Stress Relief
General Pain Relief (Oral)
Topical Pain Relievers
Sleep Aids
Vitamins and Supplements
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Southeast Asia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
The CBD for Health and Wellness report covers below items
Chapter 1Product Basic Information (Definition, Type and Application)
Chapter 2Manufacturers’ Competition Patterns
Chapter 3Country Level Sales Analysis
Chapter 4Product Type Analysis
Chapter 5Product Application Analysis
Chapter 6Manufacturers’ Outline
Chapter 7Industry Chain, Market Channel and Customer Analysis
Chapter 8Market Opportunities and Challenges
Chapter 9Market Conclusions
Chapter 10Research Methodology and Data Source
Electronic and Semiconductor
Food and Beverages
Chemicals and Materials
Consumer Goods
Construction Manufacturing
Aerospace and Defence
Energy and Power
ICT Media
Banking and Finance
Automotive and Transportation
Machinery and Equipments
Pharmaceutical and Healthcare
Medical Devices