Dublin, Sept. 21, 2023 (GLOBE NEWSWIRE) -- The "Global CBD Nutraceuticals Market by Product Type (Capsules & Softgels, CBD Gummies, CBD Tinctures), Sales Channel (Online, Pharmacies, Retail Stores) - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.
The Global CBD Nutraceuticals Market has reached a staggering USD 2.4 billion in 2023, with a remarkable Compound Annual Growth Rate (CAGR) of 17.9%.
This promising trajectory is projected to propel the market to an astounding USD 7.66 billion by 2030. These outstanding figures, unveiled in a comprehensive market report, reflect the industry's resilience and potential despite the challenges posed by the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and High Inflation.
Market Segmentation & Coverage:
This exhaustive research report categorizes the Global CBD Nutraceuticals Market to provide revenue forecasts and trends analysis in the following sub-markets:
Product Type: The market encompasses Capsules & Softgels, CBD Gummies, and CBD Tinctures, with CBD Gummies poised to secure a substantial market share in the forecast period.
Sales Channel: The market channels include Online, Pharmacies, and Retail Stores, with Pharmacies expected to capture a significant market share in the forecast period.
Region: The geographical coverage spans the Americas, Asia-Pacific, and Europe, Middle East & Africa. In particular, the Americas, consisting of Argentina, Brazil, Canada, Mexico, and the United States, held the largest market share of 38.74% in 2022, followed closely by Europe, Middle East & Africa.
Market Dynamics:
Drivers:
- Increasing consumer preference for various plant-based supplements
- Growing awareness about medical benefits of cannabidiol and its remedial properties
- Increasing standard of living, and legalization of different CBD products
Restraints:
- Presence of various alternatives in the market
Opportunities:
- Innovation and launching new products
- Popularity of CBD proteins among bodybuilders, athletes, and vegan population
Challenges:
- Raw taste and texture of cannabidiol
Key Insights:
The report provides invaluable insights on the following crucial aspects:
Market Penetration: A comprehensive overview of the market offered by key players.
Market Development: In-depth information about lucrative emerging markets and an analysis of penetration across mature segments.
Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
Market Trends: A comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and High Inflation.
Competitive Assessment & Intelligence: An exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
Key Questions Answered:
The report addresses essential questions to guide stakeholders in the CBD Nutraceuticals Market:
- What is the market size and forecast of the Global CBD Nutraceuticals Market?
- What are the inhibiting factors and the impact of COVID-19 shaping the Global CBD Nutraceuticals Market during the forecast period?
- Which products/segments/applications/areas should one invest in over the forecast period in the Global CBD Nutraceuticals Market?
- What is the competitive strategic window for opportunities in the Global CBD Nutraceuticals Market?
- What are the technology trends and regulatory frameworks in the Global CBD Nutraceuticals Market?
- What is the market share of the leading vendors in the Global CBD Nutraceuticals Market?
- What modes and strategic moves are considered suitable for entering the Global CBD Nutraceuticals Market?
Companies Mentioned
- BioThrive Sciences
- Bluebird Botanicals
- CV Sciences, Inc.
- Diamond CBD Inc.
- Elixinol LLC
- Endoca BV
- Gaia Botanicals, LLC
- Garden of Life
- Indena S.p.A.
- Irwin Naturals
- Isodiol International Inc.
- Medical Marijuana Inc.
- Medterra CBD, LLC
- MGC Pharmaceuticals Limited
- Nutrafuels Inc.
For more information about this report visit https://www.researchandmarkets.com/r/9suuaf
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