What are the Historical Developments and Current Growth Metrics of the CBD Oil And CBD Consumer Health Market?
The cbd oil and cbd consumer health market has seen considerable growth due to a variety of factors.
• The market size of CBD oil and CBD consumer health has witnessed an impressive expansion in the previous years. Its projected growth is set from $62.05 billion in 2024 to $78.03 billion in 2025, embodying a compound annual growth rate (CAGR) of 25.8%.
Factors that have triggered this increase during the historical span include the decriminalization and amendment of regulations, shifts in public perception, growth of online shopping, broadening of retail avenues, and celebrity promotional support.
What Are the Future Growth Projections for the CBD Oil And CBD Consumer Health Market?
The cbd oil and cbd consumer health market is expected to maintain its strong growth trajectory in upcoming years.
• Over the upcoming years, the market size for CBD oil and CBD consumer health is anticipated to witness a substantial surge. It is projected to escalate to $207.07 billion by 2029, with a considerable compound annual growth rate (CAGR) of 27.6%.
Factors contributing to this growth over the forecast period include the global market growth, initiatives to educate consumers, an increasing focus on sustainability, recommendations by healthcare professionals, and enhancement in educational initiatives. The forecast period will also see major trends such as microdosing, CBD products for pets, CBD-infused beverages, integration with health and fitness, and the combination of cannabinoids.
Which Key Drivers Are Propelling Th CBD Oil And CBD Consumer Health Market's Growth?
The rise in consciousness about the health advantages of products infused with CBD is fueling the growth in the CBD oils and CBD consumer health industry. Products that are infused with CBD include cuisine and personal care items that incorporate CBD as an element. The increasing recognition of the health benefits associated with CBD-infused goods leads to a greater consumption of cannabidiol commodities. People commonly utilize CBD oil to alleviate issues such as sleep disturbances, anxiety, pain, stress, and discomfort. For example, in March 2022, a U.S.-based association for convenience and fuel retailing, the National Association of Convenience Stores, reportedly stated that pain reduction is the main benefit of CBD. However, mental health benefits like assistance with anxiety (as noted by 67% of millennials), depression help (noted by 46%), and PTSD symptom improvement (stated by 41%) are very significant. As a result, the escalating consciousness of the health advantages of CBD-infused products is accelerating the growth of the CBD oils and CBD consumer health industry.
What Are The Major Segments Within The CBD Oil And CBD Consumer Health Market?
The CBD oil and CBD consumer health market covered in this report is segmented –
1) By Product: CBD Oil, CBD Consumer Health
2) By Application: Anxiety Or Stress, Sleep Or Insomnia, Chronic Pain, Migraines, Skin Care, Seizures, Joint Pain And Inflammation, Neurological Conditions, Other Applications
3) By Distribution Channel: CBD Oil (B2B And B2C), CBD Consumer Health (Online, Retail Stores, And Retail Pharmacies)
Subsegments:
1) By CBD Oil: Full-Spectrum CBD Oil, Broad-Spectrum CBD Oil, CBD Isolate
2) By CBD Consumer Health: CBD-Infused Edibles, CBD Beverages, CBD Topicals, CBD Capsules And Softgels, CBD Vapes And Vape Oils, Other CBD Products
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Which Trends Are Expected To Transform The CBD Oil And CBD Consumer Health
Leading businesses in the CBD oils and CBD consumer health sectors are concentrating on the creation of innovative goods like premium pure cannabidiol (CBD) gummies to retain their market standing. High-quality CBD oil, which is derived from the cannabis plant, is a key ingredient in these edible candies known as premium pure cannabidiol (CBD) gummies. To illustrate, NextEvo Naturals, a premium supplement company based in the United States, introduced its NextEvo premium pure cannabidiol (CBD) gummies, containing 10 mg of its SmartSorb CBD hemp extract, in May 2022. These vegan, non-GMO, THC-free gummies offer enhanced absorption, thanks to the SmartSorb delivery technology which converts oil-soluble CBD into a water-soluble-like emulsion.
Who Are the Key Players in the CBD Oil And CBD Consumer Health Market?
Major companies operating in the CBD oil and CBD consumer health market include:
• Tilray Inc.
• Canopy Growth Corporation
• Extract Labs
• Aurora Cannabis Inc.
• Charlotte's Web Holdings Inc.
• Medical Marijuana Inc.
• PlusCBD Oil by CV Sciences
• Green Roads
• CBD American Shaman
• Medterra CBD
• Endoca BV
• Bluebird Botanicals
• CVSciences Inc.
• NuLeaf Naturals LLC
• Lazarus Naturals
• Isodiol International Inc
• Lord Jones
• HempMeds
• JOY Organics
• HempFusion Wellness Inc.
• Diamond CBD
• Mary's Nutritionals
• Elixinol LLC
• HempLucid
• Veritas Farms
• Cibdol B.V.
• Ananda Hemp
• Hemp Bombs
• Highland Pharms
• PharmaHemp
What Is The Most Dominant Region In The CBD Oil And CBD Consumer Health Market?
North America was the largest region in the CBD oil and CBD consumer health market share in 2024. The regions covered in the CBD oil and CBD consumer health market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
