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Global CBD Nutraceuticals Market to reach USD 21.27 billion by 2028.

Global CBD Nutraceuticals Market Size study, by Product Type (CBD Tinctures, Capsules & Softgels, CBD Gummies), By Sales Channel (Retail Stores, Online, Pharmacies) and Regional Forecasts 2022-2028

Product Code: OIRFB-88589878
Publish Date: 14-08-2022
Page: 200

Global CBD Nutraceuticals Market is valued approximately USD 6.37 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 18.80% over the forecast period 2022-2028. Growing consumer preference for plant-based supplements, increased awareness of the medical benefits of cannabidiol, including its therapeutic properties, legalisation of hemp-derived CBD (cannabidiol) products in various countries, and rising living standards are some of the key factors driving growth of the market. Several nutraceutical businesses are joining the CBD market, offering a diverse range of supplements and functional meals. MGC Pharma, for example, has released nutraceutical-based products in China, including CBD capsules, water-soluble CBD solution, and hemp powder. These products have quickly acquired favour among customers because they provide the medicinal advantages of cannabidiol without the intoxication. Growing competition in the CBD nutraceuticals industry is putting pressure on firms to introduce new products and expand geographically. Aphria Inc., for example, entered the German market in April 2019 by introducing CannRelief, the company’s first cannabidiol-based nutraceuticals product line. MGC Pharmaceuticals, an Australian biopharmaceutical company, partnered with the Chinese e-commerce platform YuShop Global in April 2019 to seek entrance into the Chinese CBD nutraceuticals market. Such increased rivalry is expected to drive market expansion. Growing demand for hemp protein among athletes, bodybuilders, and vegans is likely to boost the market for cannabidiol (CBD) nutraceuticals over the forecast period. Thailand removed hemp seeds and hemp oil from the list of prohibited narcotics in September 2019 and is likely to boost the use of CBD as a health supplement in the country. However, the presence of alternatives such as the herbal nutraceuticals, such as Garcinia Cambogia, raspberry ketones, echinacea, and turmeric stifles market growth throughout the forecast period of 2022-2028.

The key regions considered for the Global CBD Nutraceuticals Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. The market was dominated by North America. The adoption of the 2018 Farm Bill, which allowed hemp cultivation and processing of hemp-derived goods, the growing number of health-conscious customers, and the presence of large manufacturers in the region are important drivers driving market expansion. Asia Pacific, on the other hand, is expected to grow at the highest rate throughout the projection period, owing to increased legalisation and encouraging rules for the use of cannabidiol-infused products in the region’s countries.

Major market player included in this report are:
Charlotte’s Web
Medical Marijuana Inc.
CV Sciences Inc.
Irwin Naturals
Diamond CBD
Green Roads
Garden of Life
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
CBD Tinctures
Capsules & Softgels
CBD Gummies

By Sales Channel:
Retail Stores

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global CBD Nutraceuticals Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. CBD Nutraceuticals Market, by Region, 2020-2028 (USD Billion)
1.2.2. CBD Nutraceuticals Market, by Product, 2020-2028 (USD Billion)
1.2.3. CBD Nutraceuticals Market, by Sales Channel, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global CBD Nutraceuticals Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global CBD Nutraceuticals Market Dynamics
3.1. CBD Nutraceuticals Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Growing consumer preference for plant-based supplements Awareness regarding medical benefits of cannabidiol including its remedial properties
3.1.2. Market Challenges Presence of alternatives such as the herbal nutraceuticals, such as Garcinia Cambogia, raspberry ketones, echinacea, and turmeric
3.1.3. Market Opportunities Growing demand for hemp protein among athletes, bodybuilders, and the vegan population
Chapter 4. Global CBD Nutraceuticals Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global CBD Nutraceuticals Market, by Product
6.1. Market Snapshot
6.2. Global CBD Nutraceuticals Market by Product, Performance – Potential Analysis
6.3. Global CBD Nutraceuticals Market Estimates & Forecasts by Product 2018-2028 (USD Billion)
6.4. CBD Nutraceuticals Market, Sub Segment Analysis
6.4.1. CBD Tinctures
6.4.2. Capsules & Softgels
6.4.3. CBD Gummies
6.4.4. Others
Chapter 7. Global CBD Nutraceuticals Market, by Sales Channel
7.1. Market Snapshot
7.2. Global CBD Nutraceuticals Market by Sales Channel, Performance – Potential Analysis
7.3. Global CBD Nutraceuticals Market Estimates & Forecasts by Sales Channel 2018-2028 (USD Billion)
7.4. CBD Nutraceuticals Market, Sub Segment Analysis
7.4.1. Retail Stores
7.4.2. Online
7.4.3. Pharmacies
Chapter 8. Global CBD Nutraceuticals Market, Regional Analysis
8.1. CBD Nutraceuticals Market, Regional Market Snapshot
8.2. North America CBD Nutraceuticals Market
8.2.1. U.S. CBD Nutraceuticals Market Product breakdown estimates & forecasts, 2018-2028 Sales Channel breakdown estimates & forecasts, 2018-2028
8.2.2. Canada CBD Nutraceuticals Market
8.3. Europe CBD Nutraceuticals Market Snapshot
8.3.1. U.K. CBD Nutraceuticals Market
8.3.2. Germany CBD Nutraceuticals Market
8.3.3. France CBD Nutraceuticals Market
8.3.4. Spain CBD Nutraceuticals Market
8.3.5. Italy CBD Nutraceuticals Market
8.3.6. Rest of Europe CBD Nutraceuticals Market
8.4. Asia-Pacific CBD Nutraceuticals Market Snapshot
8.4.1. China CBD Nutraceuticals Market
8.4.2. India CBD Nutraceuticals Market
8.4.3. Japan CBD Nutraceuticals Market
8.4.4. Australia CBD Nutraceuticals Market
8.4.5. South Korea CBD Nutraceuticals Market
8.4.6. Rest of Asia Pacific CBD Nutraceuticals Market
8.5. Latin America CBD Nutraceuticals Market Snapshot
8.5.1. Brazil CBD Nutraceuticals Market
8.5.2. Mexico CBD Nutraceuticals Market
8.6. Rest of The World CBD Nutraceuticals Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Charlotte’s Web Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Elixinol
9.2.3. Medical Marijuana Inc.
9.2.4. CV Sciences Inc.
9.2.5. Irwin Naturals
9.2.6. Diamond CBD
9.2.7. Green Roads
9.2.9. Isodiol
9.2.10. Garden of Life
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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