Hemp-derived Cannabidiol Market
Hemp-derived Cannabidiol Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Hemp-derived Cannabidiol Market Size and Growth
The Hemp-derived Cannabidiol market is experiencing robust growth, driven by increasing consumer demand for natural wellness products. The global market size was valued at approximately $4.6 billion in 2023, with projections indicating growth at a CAGR of around 16.6% over the next five years, driven by evolving regulations and rising applications. Request Sample Report
Companies Covered
(Covid 19 Impact Covered)
◍ Elixinol
◍ CBD American Shaman
◍ Kazmira
◍ ENDOCA
◍ CBD Life
◍ HempMeds
◍ Bluebird Botanicals
◍ Isodiol International, Inc.
◍ CV Sciences, Inc.
◍ IRIE CBD
◍ True Blue
◍ Groff North America Hemplex
The hemp-derived cannabidiol market features key players like Elixinol, CBD American Shaman, and Kazmira, focusing on diverse product offerings and innovative formulations. Companies enhance market growth through strategic partnerships, educational initiatives, and extensive distribution networks. Sales revenues for select companies include:
- Elixinol: $28 million
- CBD American Shaman: $17 million
- CV Sciences, Inc.: $28 million
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Market Segmentation
By Application
◍ Personal Care and Cosmetics
◍ Food and Beverages
◍ Nutraceuticals
◍ Others
By Product
◍ Hemp-derived CBD Distillate
◍ Hemp-derived CBD Isolate
◍ Hemp-derived CBD Terpenes
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Market Growth
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$ X Billion USD
