Global CBD Nutraceuticals Market Size to Worth USD 30.35 Billion by 2033 | CAGR of 12.57%
Category: HealthcareGlobal CBD Nutraceuticals Market worth USD 30.35 Billion by 2033
According to a research report published by Spherical Insights & Consulting, the Global CBD Nutraceuticals Market Size is Expected to Grow from USD 9.29 Billion in 2023 to USD 30.35 Billion by 2033, at a CAGR of 12.57% during the forecast period 2023-2033.
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Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global CBD Nutraceuticals Market Size, Share, and COVID-19 Impact Analysis, By Product (CBD Tinctures, Capsules & Softgels, CBD Gummies, and Others), By Distribution Channel (Retail Stores, Online, and Pharmacies), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/cbd-nutraceuticals-market
Dietary supplements called CBD nutraceuticals contain cannabidiol (CBD) together with other components meant to support overall health and well-being. When combined with CBD, traditional medications and nutraceuticals which are seen as a natural approach to wellness satisfy the growing demand from consumers for plant-based, holistic health solutions. These products are intended to provide the therapeutic benefits of CBD, including pain treatment, stress reduction, and better sleep while promoting overall well-being. They usually come in a variety of forms, including capsules, gummies, oils, and powders. Demand for this industry is expected to rise due to sedentary lifestyles, continued urbanization, and the growing number of new cancer cases associated with stress, anxiety, and other mental diseases. Several elements, including drivers, trends, opportunities, and restraints, were discovered to assess the market's growth. The impact of these aspects was then examined. The growth of this market is also being driven by notable changes in customer preferences and a preference for consumer health products made from plants and herbs.
The CBD tinctures segment is predicted to hold the largest market share through the forecast period.
Based on the product, the CBD nutraceuticals market is classified into CBD tinctures, capsules & softgels, CBD gummies, and others. Among these, the CBD tinctures segment is predicted to hold the largest market share through the forecast period. The expansion of the CBD tinctures market is anticipated to be driven by improved market penetration and increased accessibility through online shopping.
The retail stores segment is anticipated to hold the highest market share during the projected timeframe.
Based on the distribution channel, the CBD nutraceuticals market is divided into retail stores, online, and pharmacies. Among these, the retail stores segment is anticipated to hold the highest market share during the projected timeframe. Multiple retail store settings, including hypermarkets, pharmacies, convenience stores, wellness and consumer health stores, etc., have helped the major brands improve their offline distribution.
North America is estimated to hold the largest share of the CBD nutraceuticals market over the forecast period.
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North America is estimated to hold the largest share of the CBD nutraceuticals market over the forecast period. The global market for CBD nutraceuticals was led by North America. The region's growth can be linked to several factors, including an increasing older population, supporting government legislation, and increased awareness of diet and healthy eating habits.
Asia Pacific is predicted to have the fastest CAGR growth in the CBD nutraceuticals market over the forecast period. The history of the continent's use of traditional medicines is anticipated to have an impact on the prospects for expansion of this sector in the region.
Major key players in the CBD nutraceuticals market include dsm-firmenich, CV Sciences, Inc., Green Roads, Elixinol, Irwin Naturals, Medical Marijuana, Inc., Argent BioPharma Ltd., Diamond CBD., Medterra CBD, Charlotte's Web, Inc., Foria Wellness. Isodiol International Inc., Bluebird Botanicals, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In May 2024, CV Sciences, Inc., a leading consumer wellness company that specializes in hemp extracts and other natural ingredients and products with scientific backing, announced that it has completed the acquisition of Elevated Softgels, LLC ("Elevated Softgels"), a top producer of tinctures and encapsulated softgels for the supplement and nutrition sector.
Market Segment
- This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the CBD nutraceuticals market based on the below-mentioned segments:
Global CBD Nutraceuticals Market, By Product
- CBD Tinctures
- Capsules & Softgels
- CBD Gummies
- Others
Global CBD Nutraceuticals Market, By Distribution Channel
- Retail Stores
- Online
- Pharmacies
Global CBD Nutraceuticals Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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