The global plant-based cannabidiol (CBD) nutraceuticals market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Plant based cannabidiol (CBD) nutraceuticals is a compound that is naturally present in the hemp plant. The major factor expected to drive the market growth is the rising demand for CBD products in the pharmaceutical industry. CBD nutraceuticals products are increasingly being used in the treatment of various medical conditions, such as anxiety, depression, and pain management, as well as for the treatment of cancer and epilepsy. In addition, the rising consumer preference for various plant-based supplements, rising awareness regarding medical benefits of cannabidiol and its remedial properties, legalization of different CBD (cannabidiol) products, and a rise in the demand for various hemp proteins among bodybuilders, athletes, and vegan population. These factors will further drive the growth of the market in the forecast period.
Based on product type, CBD tincture is a liquid supplement that contains cannabidiol (CBD) oil and is taken by mouth, and the CBD is absorbed into the bloodstream. It is used to relieve pain, anxiety, and improve sleep along with sometimes used for other conditions such as epilepsy and cancer. Where, capsules & soft gels are other popular forms of global plant-based CBD nutraceuticals market that usually contain other ingredients such as olive oil, glycerin, and lecithin, which supports to improve their absorption rate. Some major players in the market include CV Sciences, Inc., Irwin Naturals, and Medical Marijuana Inc., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Product Type
- By Distribution Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape– CV Sciences, Inc., Irwin Naturals, and Medical Marijuana Inc., among others.
A full report Plant Based Cannabidiol (CBD) Nutraceuticals Market of is available at: https://orionmarketreports.com/plant-based-cannabidiol-cbd-nutraceuticals-market/96538/
Global Plant-Based Cannabidiol (CBD) Nutraceuticals Market Report by Segment
By Product Type
- CBD tinctures
- Capsules & Soft gels
- CBD Gummies
- Others
By Distribution Channel
- Retail stores
- Pharmacies
- Online Stores
- Others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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