DUBLIN, Jan. 21, 2021 /PRNewswire/ — The “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” report has been added to ResearchAndMarkets.com’s providing.
The North America hemp-derived cannabidiol market dimension is anticipated to achieve USD 16.1 billion by 2027. It’s anticipated to increase at a compound annual development charge (CAGR) of 27.7% over the forecast interval
Rising consciousness and adoption of cannabidiol (CBD) for numerous well being circumstances are the important thing elements driving the expansion of this market. The liberalization of legal guidelines associated to hemp cultivation by North America nations is additional growing its adoption.
Primarily based on product sort, hemp-derived CBD distillate dominated the market with a share of 58.5% in 2019. The massive share is attributed to elements corresponding to excessive consumption of cannabidiol distillate in numerous functions on account of its wellness and therapeutic makes use of. Additionally, encouraging authorities reforms concerning its utilization is growing the adoption of those merchandise.
Moreover, the hemp-derived CBD terpenes section is anticipated to develop on the quickest CAGR over the forecast interval. Rising consciousness and extra well being advantages offered by terpenes are anticipated to propel the demand for cannabidiol terpenes over the forecast interval.
In 2019, primarily based on end-use, private care, and cosmetics accounted for the very best income share owing to the rising software of hemp-derived cannabidiol in private care and beauty merchandise. However, the meals and beverage section is anticipated to develop on the highest CAGR over the forecast interval. The legalization of cannabidiol-infused edibles, coupled with growing consciousness concerning the well being advantages of CBD, is without doubt one of the main elements driving the expansion of this section.
The U.S. dominated the North America market, with a income share of 82.4% in 2019. Growing consciousness about cannabidiol advantages, rising shopper choice in direction of such merchandise, supportive authorities reforms, and favorable weather conditions are among the key elements fueling market development.
Mexico is anticipated to exhibit a profitable CAGR over the forecast interval owing to rising consciousness concerning CBD primarily based merchandise 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 rising consciousness and adoption of cannabidiol for numerous well being circumstances.
The hemp-derived CBD distillate section dominated the market in 2019, owing to the excessive product consumption for wellness and medicinal functions.
The private care and cosmetics section dominated the market in 2019, owing to the rising software of hemp-derived CBD in numerous private care and beauty merchandise.
The U.S. dominated the market with a income share of 82.4% in 2019, owing to growing consciousness about hemp-derived cannabidiol advantages and rising shopper choice for such merchandise.
Key Matters Lined:
Chapter 1 Methodology and Scope
Chapter 2 Govt Abstract
Chapter 3 North America Hemp-derived Cannabidiol (CBD) Market Variables, Traits & Scope
3.1 Market Segmentation
3.2 Penetration & Development Prospects Mapping
3.3 Market Dynamics
3.3.1 Market Driver Evaluation
126.96.36.199 Rising legalization of CBD merchandise
188.8.131.52 Growing use of CBD-infused merchandise in private care & cosmetics, together with different merchandise
3.3.2 Market Restraint Evaluation
184.108.40.206 Excessive value of CBD merchandise
3.3.3 Alternative Evaluation (2019-2027)
3.4 North America Hemp-derived Cannabidiol (CBD) Market Evaluation Instruments
3.4.1 Porter’s Evaluation
3.4.2 PESTEL Evaluation
3.5 Regulatory Situation, by Nation
3.6 Bulk CBD Pricing Evaluation, by Nation, 2019 & future traits
3.7 Product Adoption Sample Evaluation, by Finish Use
3.7.1 Private Care and Cosmetics
3.7.2 Meals and Drinks
Chapter 4 Aggressive Evaluation
4.1 Firm Place Evaluation
4.2 Record of Firms producing Hemp-derived CBD Merchandise
4.3 Record of Firms buying Hemp-derived CBD Merchandise
Chapter 5 North America Hemp-derived Cannabidiol (CBD) Market: Product Sort Estimates & Development Evaluation
5.1 Section Dashboard
5.2 North America Hemp-derived Cannabidiol (CBD) Market, By Product Sort Evaluation
5.3 Hemp-derived CBD Distillate
5.4 Hemp-derived CBD Isolate
5.5 Hemp-derived CBD Terpenes
Chapter 6 North America Hemp-derived Cannabidiol (CBD) Market: Finish-Use Estimates & Development Evaluation
6.1 Section Dashboard
6.2 North America Hemp-derived Cannabidiol (CBD) Market, By Finish-use Evaluation
6.3 Private Care and Cosmetics
6.4 Meals & Drinks
Chapter 7 North America Hemp-derived Cannabidiol (CBD) Market: Regional Estimates & Development Evaluation
7.1 North America Hemp-derived Cannabidiol Market Share, By Area, 2019 & 2027
Chapter 8 Aggressive Panorama
For extra details about this report go to https://www.researchandmarkets.com/r/2bl17h
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