Research Nester published a report titled “Cannabidiol (CBD) Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the global cannabidiol (CBD) market in terms of market segmentation by source, by application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
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The global cannabidiol (CBD) market is estimated to garner a substantial CAGR over the forecast period, i.e., 2021–2029. The market is bifurcated on the basis of source, into hemp and marijuana. Out of the two, the hemp segment is foreseen to hold a significant market share over the forecast period, on the back of its larger plantation and illegalization of marijuana among various countries in the world. Based on application, the market is segmented into medicinal, research, and personal, out of which, the research segment is anticipated to lead the market share. This can be attributed to the growing research activities on the effects of cannabis sativa.
The global cannabidiol market is estimated to grow owing to the rising awareness about the medicinal uses of CBD oil. CBD oil acts as an analgesic, and is used to treat various chronic ailments including, diabetes, anxiety, depression, and cancer. Moreover, CBD oil does not possess psychoactive effects, which is anticipated to boost the market growth. Furthermore, increasing research activities regarding the effects and side effects of cannabinoid products, is expected to boost the market growth.
Regionally, the global cannabidiol (CBD) market scope is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America region is anticipated to garner largest market share over the forecast period owing to the higher acceptance of CBD and other cannabinoids among the masses, along with the increasing R&D activities in the region. On the other hand, the market in the Asia Pacific is estimated to witness significant growth during the forecast period, owing to the ease of cultivation of hemp and marijuana, backed by the favorable climatic conditions in the region. China is one of the biggest producers and exporter of hemp in the world. Similarly, the market in the Latin America region is expected to gain moderate growth during the forecast period, on the back of increasing trade, cultivation and consumption of cannabis-based products in the region.
Medicinal Properties of CBD to boost the Market Growth
According to a report by the World Health Organization (WHO), CBD oil is considered to be an effective treatment method for epilepsy.
Owing to the therapeutic properties of CBD oil, its demand is increasing amongst the major pharmaceutical companies and manufacturer of drugs. This is estimated to boost the growth of the market.
However, ban on cannabinoids in various nations and lack of knowledge among people on the benefits of CBD are the major factors expected to operate as key restraint to the growth of global cannabidiol (CBD) market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global cannabidiol (CBD) market which includes company profiling of Isodiol International, Inc (OTCMKTS: ISOLF), Cannoid, LLC, PharmaHemp d.o.o., NuLeaf Naturals, LLC, Folium Biosciences, Medical Marijuana, Inc. (OTCMKTS: MJNA), CBD American Shaman, LLC, Aurora Cannabis Inc. (TSE: ACB), Canopy Growth Corporation (TSE: WEED), and ENDOCA. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global cannabidiol (CBD) market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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