A new Report by Delvens, titled "Cannabidiol Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market, the global cannabidiol market size was valued at USD 2.8 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 21.2% to 2028.
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Regional Analysis
North America dominated the market with a revenue share of 37.3% and will continue to retain its leading position in the market. The presence of large health-conscious people in the region, growing acceptance for CBD-based products, the presence of major manufacturers, and approval of the U.S. Farm Bill in 2020 are some of the major factors driving the growth of the region.
Key Players of Cannabidiol Market:
· ENDOCA;
· Cannoid, LLC
· Medical Marijuana, Inc.
· Folium Biosciences
· Elixinol
· NuLeaf Naturals, LLC
· Isodiol International, Inc.
· Pharmahemp d.o.o. and More
CBD, or cannabidiol, is the second most prevalent active ingredient in cannabis (marijuana). While CBD is an essential component of medical marijuana, it is derived directly from the hemp plant, a cousin of marijuana, or manufactured in a laboratory.
Due to its healing properties, the demand for cannabidiol (CBD) for health and wellness purposes is high are some of the factors that have supported long-term expansion for Cannabidiol Market.
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Recent Developments
In October 2020, the Dental College of Georgia and Medical College of Georgia demonstrated the ability of CBD to reduce inflammation and physical lung damage and improve oxygen levels related to adult respiratory distress syndrome.
In March 2021, Greenheart CBD, an Irish company has become the first CBD company to offer decentralized finance token. The token will help the company to expand and offer cost-effective products to its token holders.
Reasons to Acquire
· Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
· Gain authentic and granular data access for Cannabidiol Market so as to understand the trends and the factors involved behind changing market situations
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
The Report helps to identify the opportunities in Global Regions:
· North America (the United States, Canada, and Mexico)
· Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
· Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
· South America (Brazil etc.)
· The Middle East and Africa (North Africa and GCC Countries)
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Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.
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