Global $7.99 Bn Cannabidiol Markets (2021-2027) by Source, Distribution Channel, Product, Route of Administration, End-User, and Geography, & Competitive Analysis – ResearchAndMarkets.com

CANNANNEW REPORT

DUBLIN–(BUSINESS WIRE)–The “Global Cannabidiol Market (2021-2027) by Source, Distribution Channel, Product, Route of Administration, End-User, and Geography, IGR Competitive Analysis, Impact of COVID-19, Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering. The Global Cannabidiol Market is estimated to be USD 2.73 Bn in 2021 and is expected to reach USD 7.99 Bn by 2027, growing at a CAGR of 19.6%. The antibiotic and analgesic effects & properties present in Cannabidiol, which can be used to treat a variety of ailments such as anxiety, nausea, stress, chronic pain, neurological conditions, and seizures, are likely to contribute to the growth of the market. Growing medical applications of CBD, growing R&D in medical cannabis, and increasing product adoption and utilization due to government approvals bolstered the market growth for Cannabidiol. Changing regulatory landscape and legalization for approval of CBD-based products globally is also expected to propel the market growth. However, the factor such as the high cost of CBD and barriers in its marketing hinders the market growth. Also, the lack of consumer awareness is impeding market growth. The absence of legalization programs in several Asian and African countries is also impeding the growth of the CBD market. Market Segmentation By Source, the market is classified as Hemp and Marijuana. The Marijuana-derived CBD segment is estimated to hold the highest market share. By Distribution Channel, the market is segmented as Business to Consumer (B2C) and Business to Business (B2B). The B2C segment is further divided into hospital pharmacies, retail pharmacies, and online stores. B2C segment, and particularly Hospital Pharmacies, is estimated to hold the highest market share during the forecast period. By Product, the market is classified as Food Grade and Therapeutic Grade. The Therapeutic Grade segment holds the highest market share. By Route of Administration, the market is classified as Inhalation…

Excerpt only …
READ MORE BELOW
Source : Global .99 Bn Cannabidiol Markets (2021-2027) by Source, Distribution Channel, Product, Route of Administration, End-User, and Geography, & Competitive Analysis – ResearchAndMarkets.com

reposted by Cannabis News World

This site uses Akismet to reduce spam. Learn how your comment data is processed.