Global CBD Ingredient Market

Report ID : 1498 | Published : 2023-01-23 | Pages: 170 | Format: PDF/EXCEL

The market size of the Global CBD Ingredient Market in the year 2021 is valued at 2.03 billion and is predicted to reach 5.89 billion by the year 2031 at an 11.78% CAGR during the forecast period of 2023-2031. Cannabidiol is considered the second most prevalent cannabinoid in cannabis, following THC (tetrahydrocannabinol). CBD, unlike THC, does not induce intoxication; it is primarily used medicinally, not recreationally, with pain, anxiety, depression, and sleep disturbances being the most prevalent illnesses treated. Cannabidiol is a promising functional food ingredient with various health benefits. However, its limited solubility and bioavailability prevent it from being used in functional food. It also has superior potential in topical skin care formulations. CBD is a natural, potent anti-inflammatory and emollient, and it is especially beneficial for customers with sensitive skin, irritation, redness, or dryness. CBD is not yet approved as a food additive. However, its usage in cosmetics is permitted because its safety has been shown. The CBD Ingredients market went from obscurity to a multibillion-dollar sector in three years, affecting the wellness, beverages, food, and pharmaceutical industries. The emergence of the market has been meteoric, but its ascent to prominence has been challenging at times.

In the future years, the market for cannabinoid extracts and isolates is projected to increase tremendously due to the predicted shift in consumer preferences for derivative cannabis product formats and the therapeutic applications for CBD. Growing awareness of the therapeutic benefits and healing characteristics linked with cannabidiol is also driving the market (CBD). Moreover, cannabidiol (CBD) is widely employed in a variety of medical applications, including anxiety and depression treatment, stress relief, diabetes prevention, pain mitigation, cancer symptom relief, and acne reduction. Due to the increased use of CBD-based products to treat a variety of medical problems, the market is anticipated to provide profitable prospects throughout the forecast period. Also, there are some collaborations and acquisitions which are supporting the CBD ingredient market to growth. For instance, in Nov 2022, Eurofins and Incannex Healthcare started working together to make topical cannabinoid formulations to treat common skin problems.

Stringent rules and regulations and the complex approval process of the FDA are some of the significant challenges which will affect the CBD ingredient market. In addition, misconceptions and wrong perceptions among consumers and changes In CBD’s legality and the variations across the globe will hamper the overall CBD market. Higher prices and problems in the supply chain caused the company to shrink, which led to fewer sales.

CBD Ingredient Market is segmented into two major segments. The first segmentation is by source, which includes natural and synthetic sources. The natural source has two different bases, which are Marijuana and Hemp. The second segmentation is by application which comprises food and beverages, personal care and cosmetics, nutraceuticals, pharmaceutical (API) and single servings.

North America held the most significant market share for cannabidiol in 2021. Countries such as the United States and Canada have liberalised their legislation regarding cannabidiol products in recent years, resulting in a rise in public acceptability. The demographics of consumers continue to shift radially, and the use of CBD by numerous manufacturers, including food, pharmaceutical, and cosmetics, has become mainstream. The rising demand among various age groups and genders is anticipated to increase their expenditures on goods.

The Global CBD ingredient market consists of some kay players DSM, Vantage Hemp, Eurofins, EndoPure, Folium Biosciences, Colombian Golden, Averix Bio, LLC, KND Labs, Jordan Process, GVB Biopharma, Healthcann, Mile High Labs, KLERSUN, Sanobiotec, Caesar & Loretz GmbH, Recipharm, Brains Bioceutical, Purisys, Bedrocan, BIOVECTRA Inc., Biosyyd, UAB, Kinetochem, Veranova and other prominent market players.

 

  • DSM
  • Vantage Hemp
  • Eurofins
  • EndoPure
  • Folium Biosciences
  • Colombian Golden
  • Averix Bio, LLC
  • KND Labs
  • Jordan Process
  • GVB Biopharma
  • Healthcann
  • Mile High Labs
  • KLERSUN
  • Sanobiotec
  • Caesar & Loretz GmbH
  • Recipharm
  • Brains Bioceutical
  • Purisys
  • Bedrocan
  • BIOVECTRA Inc.
  • Biosyyd, UAB
  • Kinetochem
  • Veranova

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global CBD Ingredient Market Snapshot

Chapter 4. Global CBD Ingredient Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: By Source, Estimates & Trend Analysis

5.1. By Source, & Market Share, 2020 & 2031

5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2031 for the following By Source:

5.2.1. Natural

5.2.1.1.  Marijuana Based

5.2.1.2. Hemp Based

5.2.2. Synthetic

Chapter 6. Market Segmentation 2: By Application Type Estimates & Trend Analysis

6.1. By Application Type & Market Share, 2022 & 2031

6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2022 to 2031 for the following By Application Type:

6.2.1. Food and Beverages

6.2.2. Personal Care and Cosmetics

6.2.3. Nutraceuticals

6.2.4. Pharmaceutical (API)

6.2.5. Single Servings

Chapter 7. CBD Ingredient Market Segmentation 5: Regional Estimates & Trend Analysis

7.1. North America

7.1.1. North America CBD Ingredient Market revenue (US$ Million) estimates and forecasts By Source, 2022-2031

7.1.2. North America CBD Ingredient Market revenue (US$ Million) estimates and forecasts By Application Type, 2022-2031

7.1.3. North America CBD Ingredient Market revenue (US$ Million) estimates and forecasts by country, 2022-2031

7.2. Europe

7.2.1. Europe CBD Ingredient Market revenue (US$ Million) By Source, 2022-2031

7.2.2. Europe CBD Ingredient Market revenue (US$ Million) By Application Type, 2022-2031

7.2.3. Europe CBD Ingredient Market revenue (US$ Million) by country, 2022-2031

7.3. Asia Pacific

7.3.1. Asia Pacific CBD Ingredient Market revenue (US$ Million) By Source, 2022-2031

7.3.2. Asia Pacific CBD Ingredient Market revenue (US$ Million) By Application Type, 2022-2031

7.3.3. Asia Pacific CBD Ingredient Market revenue (US$ Million) by country, 2022-2031

7.4. Latin America

7.4.1. Latin America CBD Ingredient Market revenue (US$ Million) By Source, (US$ Million) 2022-2031

7.4.2. Latin America CBD Ingredient Market revenue (US$ Million) By Application Type, (US$ Million) 2022-2031

7.4.3. Latin America CBD Ingredient Market revenue (US$ Million) by country, 2022-2031

7.5. Middle East & Africa

7.5.1. Middle East & Africa CBD Ingredient Market revenue (US$ Million) By Source, (US$ Million) 2022-2031

7.5.2. Middle East & Africa CBD Ingredient Market revenue (US$ Million) By Application Type, (US$ Million) 2022-2031

7.5.3. Middle East & Africa CBD Ingredient Market revenue (US$ Million) by country, 2022-2031

Chapter 8. Competitive Landscape

8.1. Major Mergers and Acquisitions/Strategic Alliances

8.2. Company Profiles

8.2.1. DSM

8.2.2. Vantage Hemp

8.2.3. Eurofins

8.2.4. EndoPure

8.2.5. Folium Biosciences

8.2.6. Colombian Golden

8.2.7. Averix Bio, LLC

8.2.8. KND Labs

8.2.9. Jordan Process

8.2.10. GVB Biopharma

8.2.11. Healthcann

8.2.12. Mile High Labs

8.2.13. KLERSUN

8.2.14. Sanobiotec

8.2.15. Caesar & Loretz GmbH

8.2.16. Recipharm

8.2.17. Brains Bioceutical

8.2.18. Purisys

8.2.19. Bedrocan

8.2.20. BIOVECTRA Inc.

8.2.21. Biosyyd, UAB

8.2.22. Kinetochem

8.2.23. Veranova

8.2.24. Other Prominent Players

Global CBD Ingredient Market, by Source, 2023-2031 (Value US$ Mn)

  • Natural
    • Marijuana Based
    • Hemp Based
  • Synthetic

Global CBD Ingredient Market, by Application, 2023-2031 (Value US$ Mn)

  • Food and Beverages
  • Personal Care and Cosmetics
  • Nutraceuticals
  • Pharmaceutical (API)
  • Single Servings

Global CBD Ingredient Market, by Region, 2023-2031 (Value US$ Mn)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

North America CBD Ingredient Market, by Country, 2023-2031 (Value US$ Mn)

  • U.S.
  • Canada

Europe CBD Ingredient Market, by Country, 2023-2031 (Value US$ Mn)

  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe

Asia Pacific CBD Ingredient Market, by Country, 2023-2031 (Value US$ Mn)

  • India
  • China
  • Japan
  • South Korea
  • Australia & New Zealand

Latin America CBD Ingredient Market, by Country, 2023-2031 (Value US$ Mn)

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa CBD Ingredient Market, by Country, 2023-2031 (Value US$ Mn)

  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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