PUBLISHER: TechNavio | PRODUCT CODE: 1645401
PUBLISHER: TechNavio | PRODUCT CODE: 1645401
The cannabidiol (CBD) oil market is forecasted to grow by USD 8229.6 mn during 2024-2029, accelerating at a CAGR of 29.4% during the forecast period. The report on the cannabidiol (CBD) oil market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing consumption of cannabis among millennial population in developed countries, integration of cbd into mainstream industries, and increasing number of new product launches.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 22.3% |
CAGR | 29.4% |
Incremental Value | $8229.6 mn |
Technavio's cannabidiol (CBD) oil market is segmented as below:
By Product
By Application
By Geographical Landscape
This study identifies the growing legalization of cannabis-based products as one of the prime reasons driving the cannabidiol (CBD) oil market growth during the next few years. Also, advent of advanced cultivation processes and growth in e-commerce industry will lead to sizable demand in the market.
The report on the cannabidiol (CBD) oil market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cannabidiol (CBD) oil market vendors that include AMP Medical LLC, Aurora Cannabis Inc., BIOTA Biosciences LLC, Cantourage GmbH, CBD American Shaman., CV Sciences Inc., Elixinol, Endoca BV, Gaia Botanics, Green Roads Inc., Happie Hemp Pvt. Ltd., Hemp Horizons Private Ltd., HempStreet Medicare Private Ltd., High Tide Inc., Kimar LLC dba Natural Wellness Corner, LOreal SA, Medical Marijuana Inc., NeoMen, and The Cure Brand. Also, the cannabidiol (CBD) oil market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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