The Hemp Derived Cannabidiol market is expected to grow from an estimated USD 215.5 million in 2024 to USD 427.2 million in 2033, at a CAGR of 7.90%.
The legalization of cannabis for medical and recreational purposes in many countries is a major driver of the Hemp Derived Cannabidiol market growth. This legislative amendment has expanded the legal framework, allowing for the cultivation, manufacturing, and sale of a variety of CBD products while also legitimizing and increasing customer trust in these goods.
Countries such as the United States, Canada, and several European nations have made significant modifications to their cannabis policy. In 2020, the United States Farm Bill allowed hemp-derived CBD products, increasing their marketability and use.
The report covers historical revenue and sales volume, and the data is further validated to provide a forecast market estimation of the market size and sales numbers for key regions along with types and end-user applications. Moreover, the report also includes macroeconomic factors and regulatory policies pertaining to the Hemp Derived Cannabidiol industry for evaluation and predictive analysis. The report explores the effects of the pandemic on the market and its key segments and regions. It also offers a forecast estimation of the market growth in a post-COVID-19 scenario.
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Competitive Outlook: The leading companies operating in the Hemp Derived Cannabidiol market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Top Companies Operating in the Hemp Derived Cannabidiol Market and Profiled in the Report are:
Groff North America Hemplex, Biophore, Johnson Matthey, Curia Inc., Wavelength, Noramco, Purisys, Xi'an Tian Guangyuan Biotech Co., Ltd., Agno Pharma
Objectives of the Report:
Study of the global Hemp Derived Cannabidiol market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
Industrial structure analysis of the Hemp Derived Cannabidiol market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape benchmarking
Analysis of Hemp Derived Cannabidiol market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Hemp Derived Cannabidiol market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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Segments Covered in this report are:
- Hemp Fiber
- Hemp Seed
- Hemp Seed Oil
- CBD Hemp Oil
- Hemp-derived CBD Distillate
- Hemp-derived CBD Isolate
- Hemp-derived CBD Terpenes
- Others
- Nutraceuticals
- Atopic Dermatitis
- Seizure
- Anxiety
- High Cholesterol
- Others
- Clinic
- Hospital
- Others
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacy
Regional Segmentation:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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