Market overview:
The Cannabidiol Testing (CBD) Market was valued at $45.97 million in 2022 and is estimated to reach $61.35 million by 2028, with a CAGR of 4.8% from 2023 to 2028.
CBD, a substance present in Cannabis sativa (cannabis/hemp), is recognized as a seizure medication in the United States. CBD, a cannabis component, is obtained from hemp with low THC levels, in contrast to THC. It has a different impact on brain chemistry than THC. Although CBD is used to treat a variety of illnesses, most claims lack supporting scientific data. The sale of hemp goods in the US became allowed in 2018 thanks to legislation, however not all hemp-derived CBD products are legal. Since CBD is a recognized medication, it cannot be included in foods or dietary supplements, but it can be used topically. There are certain CBD products marketed as nutritional supplements, but the levels of CBD vary from what is stated on the label. Testing for cannabidiol, which includes cannabinoids like THC, can identify cannabis users. Cannabidiol tests, which are typically performed on urine samples but can also be performed on blood, saliva, or hair samples, may be used for medical screening or employment purposes. The global market for cannabidiol testing (CBD) is predicted to expand significantly over the forecast period as public awareness of cannabis' health advantages rises and CBD's use for medical purposes spreads.
Market Drivers and Restraints:
It is clear that cannabidiol's widespread medicinal use is due to its non-psychoactive properties, which include its ability to cure anxiety and depression as well as relieve pain, cancer symptoms, stress, and inflammation. The global market for cannabidiol testing (CBD) is anticipated to increase as a result of the growing use of CBD-based products for treating health problems. For instance, the World Health Organization claims that CBD does not have misuse or dependence potential in people and that there is no proof that using pure CBD causes public health issues. The effectiveness of CBD in lowering adult PTSD-related symptoms, such as nightmares, was further supported by a 2019 study.Additionally, rising investment in CBD research by pharmaceutical and biotechnology businesses is a major factor in the market's expansion.
The need for CBD testing services in laboratories has increased as a result of the need to test CBD products to assure their safety. For instance, the government focuses a lot of attention on CBD manufacturers that make untrue promises, despite the fact that credible research suggests CBD as a non-toxic alternative for treating chronic pain, insomnia, and anxiety. The assertion that it is a universal treatment for COVID-19 or cancer is unfounded. To fully investigate its possibilities, more study is required. It follows that the global cannabidiol testing (CBD) market will continue to grow and dominate the industry for the foreseeable future.
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The report is segmented as follows:
The Cannabidiol Testing (CBD) Market is segmented by Product; the Market is segmented by Testing Procedures; the market is segmented by End-users
By Product (Analytical Instruments, Consumables, Software)
By Testing Procedures (Residual Solvent Screening, Terpene Profiling, Potency Testing, Genetic Testing, Pesticide Screening, Heavy Metal Testing, Microbial Analysis)
By End-users (Laboratories, Cannabis Cultivators, Research Institutes, Drug Manufacturers, and Dispensaries)
Regional Segmentation:
The global market share for cannabidiol testing (CBD) is dominated by North America. The growing legalization of marijuana and the increased use of CBD are the main drivers of the region's growth. Additionally, the market is being improved by a growing number of cannabis growers. Furthermore, a big population of health-conscious people, a growing acceptance of CBD products, and the presence of significant manufacturers all contribute to the region's rise in the worldwide market. This is in addition to the expanding public knowledge of the advantages of cannabis. For instance, the legalization of hemp under the 2018 Farm Bill has led to almost universal acceptance of CBD, much like the legalization of oranges but the prohibition of orange juice. North America is regarded as the most advanced region in cannabis and CBD-related products due to the huge number of CBD companies and lax legislation regarding the use of CBD products.
Additionally holding a sizeable portion of the market, Europe is anticipated to experience rapid growth in the years to come. High rates of people receiving treatment for opioid use disorders are found in Central Asia, Eastern and South-Eastern Europe, and the Middle East. The general populace in the region is becoming more aware of these neuro diseases, and healthcare spending is rising as well, both of which will help the market develop.
The number of patients with opioid dependency will increase in the rest of the world, including Latin America, the Middle East, and Africa. This region is also anticipated to develop significantly with a notable CAGR during the forecasted period.
Impact of the COVID-19 pandemic on the market:
During the global COVID-19 pandemic, businesses across many industries experienced substantial interruptions as lockdown procedures were put in place by governments to stop the disease's spread. Production halted as a result of the temporary closure of manufacturing facilities. Cannabidiol and cannabis availability on a worldwide scale was also affected by raw material shortages and supply chain hiccups brought on by import and export restrictions enforced by various nations.The COVID-19 pandemic's effects are anticipated to have a negative impact on the growth of the global cannabidiol testing (CBD) market. The global cannabidiol testing (CBD) market is predicted to expand due to the pandemic's impact on bones and joints, which results in pain, seizures, psychotic issues, and mental health. The coronavirus can harm bones and joints, according to the Journal of Clinical Orthopedics and Trauma, which has raised efforts in treatment development and research.
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Cannabidiol (CBD) is a natural botanical concentrate that is high in the compound CBD.
Of the more than 85 cannabinoids so far identified in the cannabis plant, CBD is the second most common after tetrahydrocannabinol (THC).And in our report, the Cannabidiol (CBD) product refers in particular to Cannabidiol (CBD) Oil.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-cannabidiol-2019-2024-301Cannabidiol (CBD) is a natural botanical concentrate that is high in the compound CBD.
Of the more than 85 cannabinoids so far identified in the cannabis plant, CBD is the second most common after tetrahydrocannabinol (THC).Presently, the production of Cannabidiol Oil (CBD Oil) is mainly concentrated in Europe and North America.
Many producer of Cannabidiol Oil (CBD Oil) in the industry have formed an integrated industry chain, from the industrial hemp to downstream industries.
Most of them can provide various finished products of Cannabidiol Oil (CBD Oil) to customers directly.According to this study, over the next five years the Cannabidiol (CBD) market will register a 34.7% CAGR in terms of revenue, the global market size will reach US$ 1316.4 million by 2024, from US$ 296.4 million in 2019.
In particular, this report presents the global market share (sales and revenue) of key companies in Cannabidiol (CBD) business, shared in Chapter 3.This report presents a comprehensive overview, market shares, and growth opportunities of Cannabidiol (CBD) market by product type, application, key manufacturers and key regions and countries.This study considers the Cannabidiol (CBD) value and volume generated from the sales of the following segments:Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.Hemp-derived TypeMarijuana-derived TypeSegmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.Pharmaceuticals IndustryFood IndustryCosmetics IndustryOtherThis report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.AmericasUnited StatesCanadaMexicoBrazilAPACChinaJapanKoreaSoutheast AsiaIndiaAustraliaEuropeGermanyFranceUKItalyRussiaSpainMiddle East & AfricaEgyptSouth AfricaIsraelTurkeyGCC CountriesThe report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.
Cannabidiol (CBD) is a naturally occurring compound derived from the cannabis plant and is one of the hundred cannabinoids present in the hemp plant.
CBD is considered safe and effective for all skin types but is particularly useful for people who struggle with sensitivity, inflammatory conditions, acne, and dryness related to skin.
Latest released the research study on Global Cannabidiol (CBD) Cosmetics Market, offers a detailed overview of the factors influencing the global business scope.
Cannabidiol (CBD) Cosmetics Market Data Breakdown and Market Segmentation: by Type (Hemp-derived Type, Marijuana-derived Type), Application (Dry Skin, Psoriasis, Eczema, Acne, Others), Distribution Channel (Pharmacy, Hypermarkets and Supermarkets, Retail, E-commerce, Beauty Store, Franchise Store, Other), Product (Oils, Creams & Moisturizers, Masks & Serums, Cleansers, Others) What's Trending in Market:Growing Awareness with Respect to the Benefits of CBD Infused Personal Care Productslegalization of cannabis cultivation in Various CountriesChallenges:Possibilities of Product ContaminationRestraints:Stringent Government Regulations Regarding CBD Product ManufacturingMarket Growth Drivers:Cannabidiol (CBD) Cosmetics also showcases Potential Antioxidant Properties that can help in Counteracting Signs of Aging Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & AfricaCountry Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
– Latest industry influencing trends and development scenario – Open up New Markets – To Seize powerful market opportunities – Key decision in planning and to further expand market share – Identify Key Business Segments, Market proposition & Gap Analysis – Assisting in allocating marketing investments Strategic Points Covered in Table of Content of Global Cannabidiol (CBD) Cosmetics Market:Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Market Keyword without Region marketChapter 2: Exclusive Summary – the basic information of the Cannabidiol (CBD) Cosmetics Market.Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Cannabidiol (CBD) CosmeticsChapter 4: Presenting the Cannabidiol (CBD) Cosmetics Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020Chapter 6: Evaluating the leading manufacturers of the Cannabidiol (CBD) Cosmetics market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company ProfileChapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2026)Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source Finally, Cannabidiol (CBD) Cosmetics Market is a valuable source of guidance for individuals and companies in their decision framework.
Data Sources & Methodology The primary sources involves the industry experts from the Global Cannabidiol (CBD) Cosmetics Market including the management organizations, processing organizations, analytics service providers of the industry’s value chain.
A recent market study published by Future Market Insights on the Cannabidiol (CBD) Oil market offers global industry analysis for 2015-2019 & opportunity assessment for 2020–2030.
After conducting a thorough research on the historical, as well as current growth parameters, the growth prospects of the market are obtained with maximum precision.The global Cannabidiol (CBD) Oil market size is expected to reach US$ 4.9 Bn by the end of 2030.
Some of the market players featured in the report are CV Sciences, Medical Marijuana, Aurora Cannabis, Canopy Growth Corporation, Canntrust, Tilray, Kazmira LLC, Connoils, and Elixinol among others.Market SegmentationThe global Cannabidiol (CBD) Oil market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.Product TypeApplicationDistribution ChannelRegionHemp OilMarijuana OilPharmaceuticalsFood & BeveragesGummiesChewing GumsChocolate barsCandiesBeveragesDairy Products Bakery ProductsSnacksCosmeticsOthersDirect/B2BIndirect/B2CHospital PharmacyRetail PharmacyHypermarkets/SupermarketsConvenience StoreOnline RetailOthersNorth AmericaLatin AmericaEuropeEast AsiaSouth AsiaOceaniaMiddle East and AfricaReport ChaptersChapter 01 - Executive SummaryThe executive summary of the Cannabidiol (CBD) Oil market includes the market country analysis, proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global Cannabidiol (CBD) Oil market.Download Sample Copy@ https://www.futuremarketinsights.com/reports/sample/rep-gb-11661Chapter 02 – Market OverviewReaders can find the detailed segmentation and definition of the Cannabidiol (CBD) Oil market in this chapter, which will help them understand basic information about the Cannabidiol (CBD) Oil market.
The processing overview and technological advancements in the Cannabidiol (CBD) Oil market is also provided.Chapter 04 - Global Cannabidiol (CBD) Oil Market Value ChainProfit margins at each level of the Cannabidiol (CBD) Oil market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the market.Chapter 05 – Global Cannabidiol (CBD) Oil Market Pricing AnalysisThe pricing of the Cannabidiol (CBD) Oil market by product type is analyzed in this chapter.
Pricing break-up between different types of players involved in the Cannabidiol (CBD) Oil market, price forecast till 2030 and factors affecting pricing of Cannabidiol (CBD) Oil has also been provided.Chapter 06 – Global Cannabidiol (CBD) Oil Market Analysis and Forecast 2015-2030This chapter includes detailed analysis of the historical Cannabidiol (CBD) Oil market (2015-2019), along with an opportunity analysis for the forecast period (2020-2030).
This part also offers market attractiveness analysis based on product type.Ask an Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-11661Chapter 08 – Global Cannabidiol (CBD) Oil market Analysis 2015-2019 & Forecast 2020-2030 by ApplicationBased on application, the Cannabidiol (CBD) Oil market is classified into pharmaceuticals, food & beverages, cosmetics and others.
