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CBD Ingredient Market Revenue Report with Forecast to 2034

“CBD Ingredient Market” in terms of revenue was estimated to be worth $ 2.69 Bn in 2024 and is poised to reach $ 8.88 Bn by 2034, growing at a CAGR of 12.8% from 2025 to 2034 according to a new report by InsightAce Analytic.

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Latest Drivers Restraint and Opportunities Market Snapshot:

Key factors influencing the global CBD Ingredient Market are:

  • Growing the pharmaceutical sector
  • Raising the bar for CBD product regulation and approval
  • Increasing population

The following are the primary obstacles to the CBD Ingredient Market ‘s expansion:

  • Potential CBD oil side effects
  • Problems with costs
  • Lack of awareness

Future expansion opportunities for the global CBD Ingredient Market include:  

  • Increasing awareness
  • Beneficial government programs
  • Growth in research and development

Market Analysis:

CBD is a chemical molecule produced by the cannabis sativa plant. It may be obtained from either hemp or cannabis; however, hemp is more commonly used because of its high CBD content. Reducing pain, anxiety, and seizures are just a few of its many advantages. As a result of its therapeutic effects, CBD is in great demand for use in health and wellness products, propelling the market forward. Due to its absence of intoxicating effects, cannabidiol has found the greatest therapeutic usage among cannabinoids.

List of Prominent Players in the CBD Ingredient Market:

  • ENDOCA
  • Cannoid, LLC
  • Medical Marijuana, Inc.
  • Folium Europe B.V.
  • Canopy Growth Corporation
  • Elixinol
  • NuLeaf Naturals, LLC
  • Isodiol International, Inc.
  • PharmaHemp

Recent Developments:

  • In January 2024, Canopy Growth Corporation, a global leader in the cannabis industry, has recently unveiled a slew of new products for both recreational and medicinal use. These include Tweed’s new oils and softgels containing trace amounts of cannabinoids; 7ACRES’ and Spectrum Therapeutics’ medically exclusive pre-rolls; and Tweed’s large format flower.
  • In June 2023, Isodiol International Inc. is pleased to announce that SalesBird, LLC, a reputable sales distribution company headquartered in the United States with offices worldwide, has been appointed a non-exclusive distributor. Isodiol will be able to fortify its internal sales operations, expand its market penetration to traditional brick-and-mortar and “big box” stores, and thrive in the cutthroat world of online sales with the support of this strategic relationship.
  • In January 2024, Medical Marijuana, Inc., HempMeds Brasil, introduced two new full-spectrum products to the Brazilian market, according to the company’s announcement. 30 and 60-mL jars contain concentrations ranging from 3,000 to 6,000 mg.

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CBD Ingredient Market Dynamics:

Market Drivers: Raising the Bar for CBD Product Regulation and Approval

The rapid expansion of the CBD market can be attributed to the increasing consumer consciousness surrounding health and fitness. Cannabidiol demand is expected to be positively affected by rising consumer disposable income and the legalization of medicinal cannabis. Regulations have been loosened, and the market for refined CBD products has been growing. Additionally, the legalization of marijuana and products derived from it for various purposes is propelling the market forward.

Challenges: Potential CBD Oil Side Effects and Lack of Awareness

CBD continues to face numerous challenges and unknowns on a global scale, and it is still prohibited in numerous nations. Although cannabidiol (CBD) is not necessarily approved for adult use consumption or even as an ingredient in other products, it is typically the initial stop when developing a therapeutic cannabis program. 

North America is Expected to Grow with the Highest CAGR During the Forecast Period

The North America CBD Ingredient Market is likely to register a significant revenue share and develop at a rapid CAGR in the near future. This is because of the growing acceptance of its use, strong consumer demand, and well-established business systems. Several enterprises, including those in the food, pharmaceutical, and cosmetics industries, have begun to mainstream the use of CBD due to its widespread applicability and the rapidly changing demographics of customers.  

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Segmentation of CBD Ingredient Market-

By Source-

  • Natural
  • Synthetic

By Application-

  • Food and Beverages
  • Personal Care and Cosmetics
  • Nutraceuticals
  • Pharmaceutical (API)
  • Single Servings

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

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About Us:

InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.https://www.insightaceanalytic.com/images_data/148861653.

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    Source: PR News Releaser

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