North America Hemp-derived Cannabidiol Market Size, Share & Trends Analysis Report By Product Type (Hemp-derived CBD Isolate, Hemp-derived CBD Distillate, Hemp-derived CBD Terpenes), By End-use, And Segment Forecasts, 2020 - 2027
North America Hemp-derived CBD Market Growth & Trends
The North America hemp-derived cannabidiol market size is expected to reach USD 16.1 billion by 2027. It is expected to expand at a compound annual growth rate (CAGR) of 27.7% over the forecast period. Growing awareness and adoption of cannabidiol (CBD) for various health conditions are the key factors driving the growth of this market. The liberalization of laws related to hemp cultivation by North America countries is further increasing its adoption.
Based on product type, hemp-derived CBD distillate dominated the market with a share of 58.5% in 2019. The large share is attributed to factors such as high consumption of cannabidiol distillate in various applications due to its wellness and therapeutic uses. Also, encouraging government reforms regarding its utilization is increasing the adoption of these products. Furthermore, the hemp-derived CBD terpenes segment is expected to grow at the fastest CAGR over the forecast period. Rising awareness and additional health benefits provided by terpenes are expected to propel the demand for cannabidiol terpenes over the forecast period.
In 2019, based on end-use, personal care, and cosmetics accounted for the highest revenue share owing to the growing application of hemp-derived cannabidiol in personal care and cosmetic products.On the other hand, the food and beverage segment is expected to grow at the highest CAGR over the forecast period.
The legalization of cannabidiol-infused edibles, coupled with increasing awareness regarding the health benefits of CBD, is one of the major factors driving the growth of this segment.
The U.S. dominated the North America market, with a revenue share of 82.4% in 2019. Increasing awareness about cannabidiol benefits, growing consumer preference towards such products, supportive government reforms, and favorable climatic conditions are some of the key factors fueling the market growth. Mexico is expected to exhibit a lucrative CAGR over the forecast period owing to rising awareness regarding CBD based products and their utilization.
North America Hemp-derived CBD Market Report Highlights • The is anticipated to be valued at USD 16.1 billion by 2027, owing to growing awareness and adoption of cannabidiol for various health conditions
• The hemp-derived CBD distillate segment dominated the market in 2019, owing to the high product consumption for wellness and medicinal purposes
• The personal care and cosmetics segment dominated the market in 2019, owing to the growing application of hemp-derived CBD in various personal care and cosmetic products
• The U.S. dominated the market with a revenue share of 82.4% in 2019, owing to increasing awareness about hemp-derived cannabidiol benefits and growing consumer preference for such products
Our reports have been used by over 10K customers, including:
The global cannabis testing market is expected to reach USD 1,806 million by 2025 from USD 962 million in 2020, at a CAGR of 13.4% during the forecast period. The growth in this market is mainly driven by factors such as the legalization of medical cannabis and the growing number of cannabis testing laboratories (specifically in the US), the...
The cannabis market is estimated to be valued at USD 20.5 billion in 2020 and is projected to reach USD 90.4 billion by 2026, recording a CAGR of 28.0 %, in terms of value. The market is primarily driven by factors such as growing medical applications of cannabis and increasing legalization of cannabis and rise in social acceptance of marijuana....
“PPP011 - Emerging Insight and Market Forecast - 2030” the report provides comprehensive insights about an investigational product for Cancer Cachexia in 7 Major Markets. A detailed picture of the PPP011 in Seven Major Markets, i.e., United States, EU5 (Germany, France, Italy, Spain, and the United Kingdom), and Japan, for the study period...
120 pages •
By Infiniti Research Limited
• Feb 2021
Global CBD oil Market 2021-2025
The analyst has been monitoring the CBD oil market and it is poised to grow by $ 3.05 bn during 2021-2025 progressing at a CAGR of 27% during the forecast period. Our report on CBD oil market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges,...
Cannabis Testing Market Report Overview Cannabis Testing market size outlook report provides comprehensive coverage of market landscape including strategic growth areas, unique insights, and major trends across Cannabis Testing market types and applications. It is a focused study on Cannabis Testing market space including global and regional...
Medical Marijuana Market Report Overview Medical Marijuana market size outlook report provides comprehensive coverage of market landscape including strategic growth areas, unique insights, and major trends across Medical Marijuana market types and applications. It is a focused study on Medical Marijuana market space including global and...
The Europe cannabis testing market is expected to reach US$ 770.30 million by 2027 from US$ 431.58 million in 2019. The market is anticipated to grow with a CAGR of 7.7% from 2020 to 2027. The growth of the market in the region is attributed to the factors such as increasing government funding and focus for cannabis use and increasing demand...
144 pages •
By Transparency Market Research
• Nov 2020
Synthetic Cannabinoids Market – Scope of the Report
This report on the global synthetic cannabinoids market studies the past as well as current growth trends and opportunities to gain valuable insights of these indicators for the market during the forecast period from 2020 to 2030.The report provides the revenue of the...
Scope of the Report The report entitled “The US Cannabidiol (CBD) Market: Size & Forecasts with Impact Analysis of Covid-19 (2020-2024 Edition)” provides an in-depth analysis of the CBD market in the US including detailed description of market sizing and growth. The report provides an analysis of the US CBD market followed...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.