
Cannabidiol Market Size, Share, Demand and Analysis 2034: SPER market Research
Category :
Pharmaceutical
Published:
Jul-2025
Jul-2025
Author:
SPER Analysis Team
SPER Analysis Team
Cannabidiol Market Size, Share, Demand and Analysis 2034: SPER market Research
Global Cannabidiol Market is projected to be worth 40.01 billion by 2034 and is anticipated to surge at a CAGR of 16.06%.
Cannabidiol, commonly known as CBD, is a natural compound found in the cannabis plant. Unlike its well-known counterpart THC, CBD is non-psychoactive, meaning it does not produce a “high.†Over recent years, CBD has gained significant attention for its potential therapeutic benefits, including relief from pain, inflammation, anxiety, and seizures. It interacts with the body’s endocannabinoid system, which helps regulate various physiological processes such as mood, sleep, and immune response. Due to its wide-ranging effects and relatively low risk of side effects, CBD is increasingly used in health and wellness products, pharmaceuticals, and cosmetics, making it a popular choice for those seeking natural alternatives for managing various conditions.
Drivers:
Growing interest in the health benefits of cannabidiol (CBD) has driven increased investment in research and product development, making the CBD market more competitive with many new companies entering the space. Consumers are willing to pay premium prices due to CBD’s recognized therapeutic effects, encouraging retailers to expand their cannabis-based product offerings. For example, Abercrombie & Fitch plans to sell CBD-infused body care in over 160 stores, while major health retailers like Walgreens, CVS, and Rite Aid now carry CBD products. CBD, a non-psychoactive hemp compound, is available in creams, edibles, oils, and tinctures and is popular for managing anxiety, pain, and seizures. Its growing use in skincare and cosmetics, supported by government approvals and e-commerce growth, is further fueling market expansion globally.
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Challenges:
The cannabidiol (CBD) oil market faces several challenges that could impact its growth and development. Regulatory uncertainty remains a major hurdle, as laws governing CBD products vary widely across regions and can change rapidly, creating confusion for manufacturers and consumers alike. Quality control and standardization issues also pose significant concerns, with inconsistent product potency and contamination risks affecting consumer trust. Additionally, the market is highly competitive, leading to price pressure and difficulties for new entrants. Marketing restrictions, especially around health claims, limit how companies can promote their products. Finally, despite growing acceptance, some consumers remain skeptical due to the association of CBD with cannabis, which can hinder broader adoption of CBD oil products.
Global Market Key Players:
ENDOCA, NuLeaf Naturals, LLC, Isodiol International, Inc., PharmaHemp, The Cronos Group, Cannoid, LLC, Medical Marijuana, Inc., Folium Europe B.V., Canopy Growth Corporation, Elixinol.
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Global Cannabidiol Market Segmentation:
By Source Type: Based on the Source Type, Global Cannabidiol Market is segmented as; Hemp, Marijuana.
By Sales Type: Based on the Sales Type, Global Cannabidiol Market is segmented as; B2B, B2C, By Sales Channel, Hospital Pharmacies, Online, Retail Stores.
By End Use: Based on the End Use, Global Cannabidiol Market is segmented as; Medical, Personal Use, Pharmaceuticals, Wellness, Food & Beverages, Personal Care & Cosmetics, Nutraceuticals, Others
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe and Middle East & Africa.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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