Global Hemp-Derived Cannabidiol Market, By Type (Hemp Fiber, Hemp Seed, Hemp Seed Oil, CBD Hemp Oil), Product Type (Hemp-derived CBD Distillate, Hemp-derived CBD Isolate, Hemp-derived CBD Terpenes, Others), Application (Nutraceuticals, Atopic Dermatitis, Seizure, Anxiety, High Cholesterol, Others), End-Users (Clinic, Hospital, Others), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy), Country (U.S., Canada, Mexico, Brazil, Argentina, Peru, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Saudi Arabia, U.A.E, Egypt, Israel, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Hemp-Derived Cannabidiol Market
Hemp-derived cannabidiol market is expected to gain market growth in the forecast period of 2021-2028. Data Bridge Market Research analyses the market to account to grow at a CAGR of 27.20% in the above mentioned forecast period.
Cannabidiol (CBD) is the second most common active ingredient in cannabis (marijuana). It is derived from the hemp plant and is an important component of medical marijuana. Hemp is used for the treatment of eczema (atopic dermatitis), high cholesterol, constipation, seizures, inflammation and other diseases. Agricultural hemp derived from the Cannabis sativa L. plant and looks like a bamboo. The use of hemp-derived cannabidiol is growing increasingly due to its anti-aging, anti-inflammatory and anti-oxidant properties.
Upsurge in the adoption of cannabidiol (CBD) for various health conditions, legalising hemp cultivation, favourable government initiatives for cannabidiol and cannabidiol derived products, legalising the consumption of cannabidiol, growing government funding, favourable government laws, rising initiatives by government and private organisations to spread awareness about the health benefits of hemp-derived cannabidiol are the factors that will expand the hemp-derived cannabidiol market.
Rise in the research and development activities and growing demand for hemp-derived cannabidiol in healthcare sector will provide beneficial opportunities for the hemp-derived cannabidiol market in the forecast period of 2021-2028.
However, high cost of cannabidiol and lack of awareness about medical benefits of the product are the factors that will hinder the market growth and will further challenge the hemp-derived cannabidiol market in the forecast period mentioned above.
This hemp-derived cannabidiol market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the hemp-derived cannabidiol market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Hemp-Derived Cannabidiol Market Scope and Market Size
The hemp-derived cannabidiol market is segmented on the basis of type, product type, application, end-users and distribution channel. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the hemp-derived cannabidiol market is segmented into hemp fiber, hemp seed, hemp seed oil and CBD hemp oil.
- On the basis of product type, the hemp-derived cannabidiol market is segmented into hemp-derived CBD distillate, hemp-derived CBD isolate, hemp-derived CBD terpenes and others.
- On the basis of applications, the hemp-derived cannabidiol market is segmented into nutraceuticals, atopic dermatitis, seizure, anxiety, high cholesterol and others.
- On the basis of end-users, the hemp-derived cannabidiol market is segmented into clinic, hospital and others.
The hemp-derived cannabidiol market is also segmented on the basis of distribution channel into hospital pharmacy, retail pharmacy and online pharmacy.
Hemp-Derived Cannabidiol Market Country Level Analysis
Hemp-derived cannabidiol market is analyzed and market size information is provided by the country, type, product type, application, end-users and distribution channel as referenced above.
The countries covered in the hemp-derived cannabidiol market report are the U.S., Canada, Mexico, Brazil, Argentina, Peru, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Saudi Arabia, U.A.E, Egypt, Israel, Kuwait, South Africa, Rest of Middle East and Africa.
North America dominates the hemp-derived cannabidiol market due to the high consumption of CBD distillate due to its medical purposes, growing awareness about the benefits of hemp-derived cannabidiol, high disposable income and well-developed healthcare sector in this region. Asia-Pacific is expected to grow during the forecast period of 2021-2028 due to the increasing research and development activities, rising investment in the healthcare sector and growing government support.
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Patient Epidemiology Analysis
Hemp-derived cannabidiol market also provides you with detailed market analysis for patient analysis, prognosis and cures. Prevalence, incidence, mortality, adherence rates are some of the data variables that are available in the report. Direct or indirect impact analysis of epidemiology to market growth are analysed to create a more robust and cohort multivariate statistical model for forecasting the market in the growth period.
Competitive Landscape and Global Hemp-Derived Cannabidiol Market Share Analysis
Hemp-derived cannabidiol market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to hemp-derived cannabidiol market research.
The major players covered in the hemp-derived cannabidiol market report are Groff North America Hemplex, Biophore, Johnson Matthey, Curia Inc., Wavelength Pharmaceuticals, Farmabios GmbH, Noramco, Purisys, Xi'an Tian Guangyuan Biotech Co., Ltd., Agno Pharma, and GW Pharmaceuticals plc, among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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