The fast absorption of CBD through vaping plays a pivotal role in driving the global cannabidiol (CBD) vape juice market. As consumers increasingly seek quick relief for conditions such as anxiety and acute pain, the rapid delivery of CBD into the bloodstream via vaping aligns with these demands. This advantage positions CBD vape juice as a preferred choice in the market, attracting users who value prompt and effective results. The market's growth is fueled by the product's ability to address immediate health concerns, contributing to its popularity among those seeking expedited relief.
According to Data Bridge Market Research analyses the Global Cannabidiol (CBD) Vape Juice Market, was valued at USD 2,865.75 million, by 2022 and is expected to reach the value of USD 73,984.32 billion by 2030, at a CAGR of 58.7% during the forecast period of 2023 to 2030.
"Increased usage in medical conditions boosts the market growth"
The global demand for cannabidiol (CBD) vape juice is propelled by its advanced applications in treating epilepsy, anxiety, pain, and various medical conditions. Recognized as a natural remedy, CBD vape juice's therapeutic benefits, including interactions with terpenes and cannabis phytochemicals, contribute to its growing popularity. Medical agencies exploring the natural benefits of CBD further enhance its credibility. Vape juice stands out as a powerful and safe treatment option for diverse health issues, driving its acceptance in medical contexts. This increasing recognition positions CBD vape juice as a key driver in the global market, meeting the rising demand for natural and effective solutions in the medical industry.
What restraints the growth of the global cannabidiol (CBD) vape juice market?
“Health risks hamper the market growth”
The global CBD vape juice market faces potential restraints due to the health risks associated with e-cigarettes. Chemicals produced by e-cigarettes, such as acetaldehyde and formaldehyde, are known to cause lung and cardiovascular diseases. Acrolein, present in e-cigarettes, is an herbicide linked to acute lung injury and chronic obstructive pulmonary disease (COPD), which, in turn, may lead to asthma and lung cancer. The adverse health effects of regular e-cigarette use raise concerns among consumers, impacting the growth of the CBD vape juice market.
Segmentation: Global Cannabidiol (CBD) Vape Juice Market
The global cannabidiol (CBD) vape juice market is segmented on the basis of product type, source, flavor, strain, propylene glycol (VG) and vegetable glycerin (PG) ratio, category, dose, tests performed, packaging size, and distribution channel.
- On the basis of product type, the global cannabidiol (CBD) vape juice market is segmented into full spectrum vape juice, broad spectrum vape juice, and CBD isolate vape juice
- On the basis of source, the global cannabidiol (CBD) vape juice market is segmented into hemp and marijuana
- On the basis of strain, the global cannabidiol (CBD) vape juice market is segmented into indica, sativa, and hybrid
- On the basis of propylene glycol (VG) and vegetable glycerin (PG), the global cannabidiol (CBD) vape juice market is segmented into 50/50 VG and PG ratio, 60/40 VG and PG ratio, 70/30 VG and PG ratio
- On the basis of category, the global cannabidiol (CBD) vape juice market is segmented into THC detectable, THC non-detectable, and no THC
- On the basis of dose, the global cannabidiol (CBD) vape juice market is segmented into high, medium and low
- On the basis of flavor, the global cannabidiol (CBD) vape juice market is segmented into flavoured and flavourless
- On the basis of test performed, the global cannabidiol (CBD) vape juice market is segmented into tested for potency and tested for purity
- On the basis of packaging size, the global cannabidiol (CBD) vape juice market is segmented into >30ml, 30ml-60ml, 60ml-100ml, and upto 1000ml
- On the basis of distribution channel, the global cannabidiol (CBD) vape juice market is segmented into online, wellness and natural product stores and medical marijuana dispensaries
Regional Insights: North America dominates the Global Cannabidiol (CBD) Vape Juice Market
In the North America region, the U.S. dominates the market from 2023 to 2030 stems of a large and diverse consumer base, significant adoption driven by perceptions of reduced harm compared to traditional smoking, a balanced regulatory environment supporting innovation, effective marketing, and widespread distribution. Cultural shifts toward health and changing attitudes toward smoking further contribute to the popularity of e-cigarettes in the U.S. However, ongoing industry dynamics and unforeseen events could influence the actual market trajectory during the forecast period.
In Asia-Pacific region, Japan is expected to dominate the CBD vape juice market from 2023 to 2030 due to its favorable regulatory environment, growing awareness of CBD's health benefits, alignment with wellness trends, cultural acceptance, consumer preferences, ongoing innovation, and effective industry collaboration. However, unforeseen developments could influence the market's trajectory during the forecast period.
The U.K. is poised to dominate the European market from 2023 to 2030 due to proactive public health campaigns, a supportive regulatory environment favoring smoking alternatives, changing cultural attitudes toward smoking, and ongoing efforts to educate consumers about the health impacts of tobacco. Accessibility to alternatives, continuous innovation, and supportive policies contribute to the U.K.'s potential market dominance, though external factors could impact the trajectory during the forecast period.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-cbd-vape-juice-market
Recent Developments in Global Cannabidiol (CBD) Vape Juice Market
- In April 2022, JustCBD forged a strategic partnership with distribution giant OTG Management, enabling the sale of their CBD products in airports. This collaboration has proven instrumental in expanding JustCBD's customer base by providing access to travelers seeking CBD products on the go
- In October 2021, Koi CBD introduced new lines of world-class hemp products, including full spectrum and delta 8 variants of tinctures, gummies, and vape juices. This product expansion has significantly broadened Koi CBD's portfolio, positioning the company to meet diverse consumer preferences and capitalize on the growing demand for a variety of CBD-infused offerings
The Prominent Key Players Operating in the Global Cannabidiol (CBD) Vape Juice Market Include:
- CBDfx (U.S.)
- HempBombs (U.S.)
- Koi CBD (U.S.)
- Savage CBD (U.S.)
- ERTH WELLNESS (U.S.)
- Hemplucid (U.S.)
- VaporFi (U.S.)
- JustCBD (U.S.)
- NU-X CBD (China)
- Le petit vapoteur (France)
- Pure CBD Vapors (U.S.)
- Vape Dinner Lady (Germany)
- CBD GENESIS (U.S.)
- Malaya Hemp (Malaysia)
- Blue Moon Hemp (U.S.)
- FUSION CBD PRODUCTS (U.S.)
- Marry Jane (Canada)
Above are the key players covered in the report, to know about more and exhaustive list of global cannabidiol (CBD) vape juice market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Cannabidiol (CBD) Vape Juice Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
