COVID-19 Impact : Our team has been closely monitoring the current developments to identify the potential impact of COVID-19 on stakeholders and business processes across the value chain of industries. A special section about COVID-19 will be covered with the report to help companies in defining sustainable strategies.
Cannabidiol or CBD is a compound found within the cannabis family. CBD contains very low tetrahydrocannabinol levels – the compound which gets users high. When consumed or orally applied, CBD responds to our endo-cannabinoid system (ECS) and yields certain desirable results.nutraceutical n any food supplement that has health benefits in addition to its nutritive value. Nutraceutical is a chemical substance or group of substances that for legal purposes is defined as a nutrient but in fact is marketed and used to prevent or treat disease.Nutraceutical range from specific nutrients, to dietary supplements, herbal products and processed foods and include beta-carotene, fish oil, garlic, green tea, oat bran, olive oil and various herbs.Cannabidiol, also known as CBD, has made quite the impact on the health market within the last several years.CBD has been known to treat anxiety, depression, gastrointestinal issues, physical pain, insomnia, seizures, and many other medical problems. CBD is non-psychoactive this tends to make the plant a more appealing option for patients who are looking for the significant medical benefits, without the high from Tetrahydrocannabinol (THC).
CBD from herbs has been used, in various forms, for its touted medicinal benefits.CBD or Cannabidiol is a compound that is naturally present in the Hemp plant. It is one of more than a hundred Phyto cannabinoidsunique to the Hemp plant and is responsible for the plant’s therapeutic properties. It is a safe and non-addictive compound with the potential to treat a range of conditions.CBD tinctures dominated the global CBD nutraceuticals market. Growing usage of CBD tinctures owing to their high bioavailability compared to oils in relieving severe pain, anxiety, stress, among others, is one of the key factors driving the demand. The availability of various tinctures in different formats that suits the requirements of every individual is expected to fuel over the forecast period. capsules and softgels segment are anticipated to register the fastest growth over the forecast period, as these products are more convenient and travel-friendly. The global cannabidiol market was valued at USD 4.6 billion in 2018 and is anticipated to witness a lucrative CAGR of 22.2% over the forecast period. The demand for cannabidiol (CBD) for medical and wellness purposes is high due to its healing properties, which is the key factor driving the growth of the market.
Some of the impact factors:
What does this report provide?
Market Segmentation:
By Product Type:
By Sales Channel:
By Region:
North America CBD Nutraceuticals Market
Europe CBD Nutraceuticals Market
Asia Pacific CBD Nutraceuticals Market
Middle East & Africa CBD Nutraceuticals Market
South America CBD Nutraceuticals Market
Major Companies: GlaxoSmithKline plc, Teva Pharmaceuticals USA, Inc., Genesis Biotec Inc., Mallinckrodt Pharmaceuticals, GENO PHARMA, BIOLOGICAL E, CFL PHARMA, CIPLA, DR. REDDY'S LABS.
Years Covered in the Study:
Historic Year: 2017-2018
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2028
Objectives of this report:
Reasons to Buy This Report:
Customization:
This study is customized to meet your specific requirements:
For more information, contact: [email protected]
Single User (PDF)
3850Multi User (PDF)
5150Enterprise User (PDF)
7650Avail customized purchase options to meet your exact research needs.
Detailed scope covering all the major segments in the market
In line data validations to ensure data precision
Market recommendations supporting decision making processes
Round the clock analyst support to resolve your queries
Up to 15% additional free customization to meet your specific requirements