Global CBD for Health and Wellness Market Insights, Forecast to 2034
Published on: 2024-01-04 | No of Pages : 400 | Industry : Pharma & Healthcare
Publisher : MRA | Format : PDF
Global CBD for Health and Wellness Market Insights, Forecast to 2034
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.
Global CBD for Health and Wellness market is expected to reach to US$ 6720 million in 2024, with a positive growth of %, compared with US$ 6450 million in 2022. Backed with the increasing demand from downstream industries, CBD for Health and Wellness industry is evaluated to reach US$ 8954.1 million in 2029. The CAGR will be 4.9% during 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 Covers
This report presents an overview of global CBD for Health and Wellness market from 2018 to 2029, aiming to help readers to get a comprehensive understanding of global CBD for Health and Wellness market with multiple angles. Items like regional sales, revenue from 2018 to 2029 and manufacturers’ sales, price, revenue and gross margin from 2018 to 2024 are analyzed. In addition, sales and revenue of product type and application in each region from 2018 to 2029 are also highlighted.
Manufacturers, Type, Application and Regions Listed in the Report
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
US & Canada
U.S.
Canada
China
Asia (excluding China)
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Latin America, Middle East & Africa
Brazil
Mexico
Turkey
Israel
GCC Countries
Chapter 1Product definition, type and application introduction
Chapter 2Regional revenue and sales volume analysis from 2018 to 2029
Chapter 3Manufacturers’ sales, revenue and price analysis, including manufacturers’ CBD for Health and Wellness plant distribution, commercial date of CBD for Health and Wellness, product type offered, Mergers & Acquisitions and expansion activities.
Chapter 4Product sales, revenue and price analysis by type from 2018 to 2029 globally
Chapter 5Product sales, revenue and price analysis by application from 2018 to 2029 globally
Chapter 6Product sales, revenue analysis by type and application from 2018 to 2029 in US & Canada. Product sales and revenue analysis of each country in US & Canada from 2018 to 2029
Chapter 7Product sales, revenue analysis by type and application from 2018 to 2029 in Europe. Product sales and revenue analysis of each country in Europe from 2018 to 2029
Chapter 8Product sales, revenue analysis by type and application from 2018 to 2029 in China. Product sales and revenue analysis of China from 2018 to 2029
Chapter 9Product sales, revenue analysis by type and application from 2018 to 2029 in Asia (excluding China). Product sales and revenue analysis of each country in Asia (excluding China) from 2018 to 2029
Chapter 10Product sales, revenue analysis by type and application from 2018 to 2029 in Middle East, Africa and Latin America. Product sales and revenue analysis of each country in Middle East, Africa and Latin America from 2018 to 2029.
Chapter 11Manufacturers’ outline, covering company’s basic information, major business, CBD for Health and Wellness introduction, etc. CBD for Health and Wellness Sales, Revenue, Price and Gross Margin of each company from 2018 to 2024
Chapter 12Industry chain analysis, like raw materials, manufacturing cost. Market channel, distributors and customers analysis
Chapter 13Market opportunities and challenges analysis
Chapter 14Mr Accuracy reports’s Conclusions of CBD for Health and Wellness
Chapter 15Methodology and Data Sources adopted by Mr Accuracy reports
Global CBD for Health and Wellness market is expected to reach to US$ 6720 million in 2024, with a positive growth of %, compared with US$ 6450 million in 2022. Backed with the increasing demand from downstream industries, CBD for Health and Wellness industry is evaluated to reach US$ 8954.1 million in 2029. The CAGR will be 4.9% during 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 Covers
This report presents an overview of global CBD for Health and Wellness market from 2018 to 2029, aiming to help readers to get a comprehensive understanding of global CBD for Health and Wellness market with multiple angles. Items like regional sales, revenue from 2018 to 2029 and manufacturers’ sales, price, revenue and gross margin from 2018 to 2024 are analyzed. In addition, sales and revenue of product type and application in each region from 2018 to 2029 are also highlighted.
Manufacturers, Type, Application and Regions Listed in the Report
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
Segment by Region
US & Canada
U.S.
Canada
China
Asia (excluding China)
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Latin America, Middle East & Africa
Brazil
Mexico
Turkey
Israel
GCC Countries
Chapter Outline
Chapter 1Product definition, type and application introduction
Chapter 2Regional revenue and sales volume analysis from 2018 to 2029
Chapter 3Manufacturers’ sales, revenue and price analysis, including manufacturers’ CBD for Health and Wellness plant distribution, commercial date of CBD for Health and Wellness, product type offered, Mergers & Acquisitions and expansion activities.
Chapter 4Product sales, revenue and price analysis by type from 2018 to 2029 globally
Chapter 5Product sales, revenue and price analysis by application from 2018 to 2029 globally
Chapter 6Product sales, revenue analysis by type and application from 2018 to 2029 in US & Canada. Product sales and revenue analysis of each country in US & Canada from 2018 to 2029
Chapter 7Product sales, revenue analysis by type and application from 2018 to 2029 in Europe. Product sales and revenue analysis of each country in Europe from 2018 to 2029
Chapter 8Product sales, revenue analysis by type and application from 2018 to 2029 in China. Product sales and revenue analysis of China from 2018 to 2029
Chapter 9Product sales, revenue analysis by type and application from 2018 to 2029 in Asia (excluding China). Product sales and revenue analysis of each country in Asia (excluding China) from 2018 to 2029
Chapter 10Product sales, revenue analysis by type and application from 2018 to 2029 in Middle East, Africa and Latin America. Product sales and revenue analysis of each country in Middle East, Africa and Latin America from 2018 to 2029.
Chapter 11Manufacturers’ outline, covering company’s basic information, major business, CBD for Health and Wellness introduction, etc. CBD for Health and Wellness Sales, Revenue, Price and Gross Margin of each company from 2018 to 2024
Chapter 12Industry chain analysis, like raw materials, manufacturing cost. Market channel, distributors and customers analysis
Chapter 13Market opportunities and challenges analysis
Chapter 14Mr Accuracy reports’s Conclusions of CBD for Health and Wellness
Chapter 15Methodology and Data Sources adopted by Mr Accuracy reports
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