"Global Hemp-Derived Cannabidiol Market' - Industry Trends and Forecast to 2028

Global Hemp-Derived Cannabidiol Market, By Type (Hemp Fiber, Hemp Seed, Hemp Seed Oil, CBD Hemp Oil), Product Type (Hemp-derived CBD Distillate, Hemp-derived CBD Isolate, Hemp-derived CBD Terpenes, Others), Application (Nutraceuticals, Atopic Dermatitis, Seizure, Anxiety, High Cholesterol, Others), End-Users (Clinic, Hospital, Others), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy) – Industry Trends and Forecast to 2031.

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**Segments**

- **Product Type**: The hemp-derived cannabidiol market can be segmented based on different product types such as oils, tinctures, capsules, edibles, topicals, and others. Oils are expected to dominate the market due to their ease of consumption and rapid absorption by the body.
- **Distribution Channel**: This market segment includes retail stores, online stores, pharmacies, and others. Online stores are witnessing significant growth due to the increasing trend of e-commerce and the convenience it offers to customers.
- **Application**: The market can also be segmented based on applications such as pharmaceuticals, food and beverages, cosmetics, and others. The pharmaceutical segment is expected to have a substantial share as hemp-derived cannabidiol is increasingly being used for medicinal purposes.

**Market Players**

- **Canopy Growth Corporation**: A leading player in the hemp-derived cannabidiol market, Canopy Growth Corporation offers a wide range of cannabidiol products and has a strong presence in multiple geographies.
- **CV Sciences, Inc.**: Known for its high-quality hemp-derived cannabidiol products, CV Sciences, Inc. focuses on innovation and research to stay competitive in the market.
- **Aurora Cannabis**: Aurora Cannabis is another key player known for its diverse product portfolio and strategic partnerships in the hemp-derived cannabidiol market.
- **Cronos Group Inc.**: Cronos Group Inc. is actively expanding its presence in the market through acquisitions and partnerships to cater to the growing demand for hemp-derived cannabidiol products.
- **Medterra**: With a focus on premium CBD products, Medterra has established itself as a reputable player in the market by emphasizing quality and customer satisfaction.

The hemp-derived cannabidiol market is experiencing significant growth globally, driven by increasing awareness about the potential health benefits of CBD products and the legalization of cannabis in several regions. Market players are focusing on product innovation, strategic partnerships, and expansion into new marketsHemp-derived cannabidiol (CBD) market is currently experiencing rapid growth and expansion globally, driven by various factors such as the increasing acceptance of CBD products for their potential health benefits, the legalization of cannabis in numerous regions, and the growing trend towards wellness and natural alternatives. The market segmentation based on product type, distribution channels, and applications provides valuable insights into the diverse opportunities present in the CBD industry.

In terms of product types, oils are expected to dominate the market due to their ease of consumption and efficient absorption by the body. Oils are widely preferred by consumers for their versatility and convenience. Other product types such as tinctures, capsules, edibles, and topicals also play a significant role in catering to different consumer preferences and requirements. The variety of product options ensures that consumers can choose the most suitable form of CBD for their needs, whether it be for pain relief, relaxation, or overall well-being.

The distribution channel segment of the hemp-derived CBD market is evolving rapidly, with online stores witnessing a surge in popularity due to the increasing trend of e-commerce and the convenience it offers to customers. Online stores provide a wide range of CBD products, competitive pricing, and the convenience of doorstep delivery, which appeals to a broad audience of CBD consumers. Retail stores, pharmacies, and other distribution channels also play a crucial role in reaching a diverse consumer base and providing personalized services and guidance to customers.

In terms of applications, the pharmaceutical segment is expected to have a significant market share as hemp-derived CBD is increasingly being recognized for its therapeutic properties and potential medicinal benefits. CBD is being explored for various medical conditions such as chronic pain, anxiety, epilepsy, and inflammation, driving the demand for pharmaceutical-grade CBD products. Additionally, CBD is also widely used in food and beverages, cosmetics, and other consumer products, further expanding the market potential for CBD-based products across different industries.

The market players in the hemp-derived CBD industry, such as Canopy Growth Corporation, CV Sciences, Inc., Aurora**Segments**

- **Global Hemp-Derived Cannabidiol Market, By Type (Hemp Fiber, Hemp Seed, Hemp Seed Oil, CBD Hemp Oil)
- Product Type (Hemp-derived CBD Distillate, Hemp-derived CBD Isolate, Hemp-derived CBD Terpenes, Others)
- Application (Nutraceuticals, Atopic Dermatitis, Seizure, Anxiety, High Cholesterol, Others)
- End-Users (Clinic, Hospital, Others)
- Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy) – Industry Trends and Forecast to 2031.**

The global hemp-derived cannabidiol market is witnessing rapid growth and expansion, driven by various factors like increasing awareness about the health benefits of CBD products, the legalization of cannabis in many regions, and the rising consumer preference for natural and wellness products. The market segmentation based on product types, applications, and distribution channels offers valuable insights into the diverse opportunities present in the CBD industry.

Oils are expected to continue dominating the market due to their ease of consumption and rapid absorption by the body. Other product types such as tinctures, capsules, edibles, and topicals cater to different consumer preferences and needs, providing a wide range of options for consumers. The versatility of CBD products ensures that individuals can choose the most suitable form for their desired outcomes, whether for pain management, relaxation, or overall well-being.

The distribution channel segment is experiencing significant evolution, with online stores witnessing considerable growth

Key points covered in the report: -

• The pivotal aspect considered in the global Hemp-Derived Cannabidiol Market report consists of the major competitors functioning in the global market.
• The report includes profiles of companies with prominent positions in the global market.
• The sales, corporate strategies and technical capabilities of key manufacturers are also mentioned in the report.
• The driving factors for the growth of the global Hemp-Derived Cannabidiol Market are thoroughly explained along with in-depth descriptions of the industry end users.
• The report also elucidates important application segments of the global market to readers/users.
• This report performs a SWOT analysis of the market. In the final section, the report recalls the sentiments and perspectives of industry-prepared and trained experts.
• The experts also evaluate the export/import policies that might propel the growth of the Global Hemp-Derived Cannabidiol Market.
• The Global Hemp-Derived Cannabidiol Market report provides valuable information for policymakers, investors, stakeholders, service providers, producers, suppliers, and organizations operating in the industry and looking to purchase this research document.

Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global Hemp-Derived Cannabidiol Market Landscape

Part 04: Global Hemp-Derived Cannabidiol Market Sizing

Part 05: Global Hemp-Derived Cannabidiol Market Segmentation by Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

The investment made in the study would provide you access to information such as:

• Hemp-Derived Cannabidiol Market [Global – Broken-down into regions]
• Regional level split [North America, Europe, Asia Pacific, South America, Middle East & Africa]
• Country-wise Market Size Split [of important countries with major market share]
• Market Share and Revenue/Sales by leading players
• Market Trends – Emerging Technologies/products/start-ups, PESTEL Analysis, SWOT Analysis, Porter’s Five Forces, etc.
• Market Size
• Market Size by application/industry verticals
• Market Projections/Forecast

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