Cannabidiol (CBD) Sector: Growth Drivers and Challenges
Growth Drivers
- Therapeutic Properties of CBD Oil
- Advantages of Cannabidiol in Treating Depression, Anxiety, Cancer, Diabetes, and Other Diseases
- Rising R&D Activities About Benefits of CBD Oil
Challenges
-
Ban on Use of Cannabis Products in Many Countries
-
Lack of Awareness among People Regarding the Medical Advantages of CBD Oil
Cannabidiol (CBD) Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
15.7% |
|
Base Year Market Size (2024) |
USD 9.27 billion |
|
Forecast Year Market Size (2037) |
USD 61.72 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
Cannabidiol Market in 2025 is estimated at USD 10.43 billion.
The global market size was valued at over USD 9.27 billion in 2024 and is expected to expand at a CAGR of around 15.7%, surpassing USD 61.72 billion revenue by 2037.
North America is poised to hit USD 21.6 billion by 2037, driven by health-awareness, the acceptance of cannabis-based products, and research on cannabinoids.
The major players in the market include Medical Marijuana Inc., Cannoid, LLC, Isodiol International Inc., ENDOCA, Folium Biosciences, Aurora Cannabis Inc., Elixinol Global, CV Sciences, Medterra CBD, PharmaHemp.
