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Growing Demand for CBD-Infused Products to Drive the Cannabidiol (CBD) Consumer Health Market

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Gauri Cmi
Growing Demand for CBD-Infused Products to Drive the Cannabidiol (CBD) Consumer Health Market


The global Cannabidiol (CBD) Consumer Health Market is estimated to be valued at US$14.7 billion in 2022 and is expected to exhibit a CAGR of 23.2% over the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights.

Market Overview:

The Cannabidiol (CBD) Consumer Health Market refers to the market for products that contain CBD, a non-psychoactive compound derived from the cannabis plant. CBD has gained significant popularity in recent years due to its various health benefits, including pain relief, reduction of anxiety and depression symptoms, and improvement in sleep quality. CBD is available in various forms such as oils, tinctures, capsules, creams, and edibles. The market for CBD consumer health products is driven by the increasing awareness about the potential therapeutic uses of CBD and the growing acceptance of cannabis-based products among consumers.

Market Key Trends:

One key trend in the Cannabidiol (CBD) Consumer Health Market is the growing demand for CBD-infused products across various industries. CBD is being incorporated into a wide range of products, including skincare, beverages, pet products, and supplements, among others. This trend is driven by the increasing consumer interest in natural and plant-based products, as well as the growing recognition of the potential health benefits of CBD. Companies are launching innovative CBD-infused products to cater to this demand, and partnerships and collaborations between CBD manufacturers and other industries are also on the rise. For instance, CBD-infused beverages have gained traction in the beverage industry, with major players introducing CBD-infused drinks to meet the growing demand for wellness beverages. This trend is expected to continue driving the growth of the Cannabidiol (

Segment Analysis:

One segment in the Cannabidiol (CBD) consumer health market is the dietary supplements segment. Dietary supplements dominate this market due to the increasing trend of consumers using CBD products for overall health and wellness. CBD dietary supplements are used by consumers to support their immune system, promote better sleep, and reduce anxiety and stress. These supplements are available in the form of capsules, gummies, and oils, offering convenience of consumption to the users. The demand for CBD dietary supplements has been on the rise, fueled by growing awareness about the potential health benefits of CBD and the increasing acceptance of CBD products among consumers. With more people becoming proactive about their health and seeking natural alternatives, the dietary supplements segment is expected to continue dominating the CBD consumer health market.

Key Takeaways:

The global Cannabidiol (CBD) Consumer Health Market Size is expected to witness high growth, exhibiting a CAGR of 23.2% over the forecast period of 2023-2030. This growth can be attributed to several factors. Firstly, the increasing acceptance and legalization of CBD products in various countries is driving the market growth. As more regions legalize the use of CBD, the consumer base is expanding, leading to higher sales. Additionally, the growing awareness about the potential health benefits of CBD, such as pain relief, reducing inflammation, and anxiety management, is further fueling the market growth.

From a regional perspective, North America is expected to be the fastest-growing and dominating region in the CBD consumer health market. This can be attributed to the legalization of CBD in several states in the US and the presence of key market players in the region. Furthermore, the rising demand for CBD-infused products, such as oils, tinctures, and edibles, among the health-conscious population in North America is driving the market growth in the region.

Key players operating in the Cannabidiol (CBD) consumer health market include CV Sciences, Inc., Medical Marijuana, Inc., AXIM-Biotechnologies, Inc., Charlotte's Web, Endoca, Isodiol International Inc., Elixinol, Folium Biosciences, NuLeaf Naturals, LLC, Cannoid, LLC, among others. These players are focusing on product innovation, expanding their product portfolio, and strategic collaborations to strengthen their market position and cater to the growing demand for CBD consumer health products.

 

Read More:  https://www.newsstatix.com/cannabidiol-cbd-consumer-health-market-is-estimated-to-witness-high-growth-owing-to-increase-in-adoption-of-cbd-products-and-growing-awareness-about-their-benefits/


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