Cannabidiol Market Size & Share 2021-2027, North America, Europe & APAC Industry Statistics with COVID-19 Impact Analysis: Graphical Research

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Europe cannabidiol market size to reach $25.8 billion valuation by 2027 | CBD oil segment to boost growth in North American market | Asia Pacific industry to register 35% CAGR through the projected duration

Graphical Research presents an extensive report on cannabidiol market that offers qualitative information about prevailing trends and a detailed analysis of the growth trajectory of this industry. It also includes a study of the historical data and detailed statistics that will help determine the future scope of the industry in terms of commercialization opportunities.

Some of the trends that will encourage the growth of global CBD market up to 2027 are listed below:

Creams and roll-ons will experience increased demand in Europe:

Total Europe cannabidiol market is projected to go past $25.8 billion by 2027. Oils, tablets, creams & roll-ons, capsules, vape oil and many other products use CBD oil as the main ingredient. Out of these, the creams & roll-ons segment will witness robust growth during the mentioned timeline as there is a rising emphasis among consumers to use skincare products that contain CBD.

This ingredient is known to have many benefits for the skin and helps in improving its quality as well. A large percentage of the population in Europe is increasing their spending on various cosmetic and skincare products each year. While talking about the medicinal benefits of CBD, it has been proved that this product has anti-inflammatory properties, which is a must-have in all skincare and makeup products. All these will benefit CBD market companies in Europe.

Access sample pages of the report, “Europe Cannabidiol Market Forecasts 2027” in detail along with the table of contents (ToC) @
https://www.graphicalresearch.com/request/1823/sample

Prevalence of mental disorders will stimulate Europe CBD consumption:

Anxiety, chronic stress, depression, migraines, skincare, inflammation and many other areas are using CBD-based products for various purposes. But it is the anxiety & stress segment that will attract the most demand for this product in the coming years. This segment captured 22% of the total Europe market share in 2020 and is expected to grow further in the future.

The population in Europe is experiencing a worrying rise in the number of mental disorders like anxiety & stress, sleep disorders and depression. This has led to an increasing number of healthcare institutions to adopt CBD-based medications to treat these ailments.

Cannabidiol oil will witness hike in demand in North America:

North America cannabidiol market is expected to surpass $61.2 billion in size by 2027. On the basis of product, this market is divided into oil, tinctures, transdermal patches, suppository, tablets, capsules, vape oil, isolates, creams, roll-ons and many others. Out of these, the CBD oil segment is projected to grow rapidly during the forecast period of 2021-2027.

In fact, this segment dominated the market in 2019 and will continue to do so in the future as well. CBD oil is known to have several benefits for its users, especially for pain-related ailments. Cases of mental illness in North America are increasing every year.

Access sample pages of the report, “North America Cannabidiol Market Forecasts 2027” in detail along with the table of contents (ToC) @
https://www.graphicalresearch.com/request/1821/sample

Chronic pain patients are the largest consumers of CBD in U.S.:

There are several applications of CBD like anxiety, chronic stress, depression, skin care, seizures, joint pain & inflammations among others. Out of these, CBD will find increased application in the chronic pain segment through 2027, reaching a valuation of $20.6 billion by 2027 across North America, according to current market trends. CBD has several beneficial properties to relieve chronic pain and is a better alternative when compared to its counterpart, opioids.

Online distribution of CBD to gain prominence in North America:

There are two primary distribution channels established to sell CBD in North America: online and offline channels. The offline distribution channels are further divided into pharmacies and retail stores. The offline distribution channel in the region is set to gain momentum through 2027 and will expand at 32.6% CAGR during this time.

Favorable government regulations to foster Asia Pacific CBD market:

Cannabidiol market in Asia Pacific is predicted to become worth more than $1.9 billion by 2027, according to market reports. CBD was not on the list of legal products in several countries across the region. But today, that scenario has drastically changed as countries like Japan, Australia and New Zealand have made favorable changes in their laws to make the use of CBD based products legal among their population.

The regulatory bodies of these countries have inspected the benefits of CBD-derived products on human body and have given their approval in this regard. For example, Australian authorities approved the use of a CBD-based product, Sativex in 2017 to treat spasticity caused by multiple sclerosis.

CBD tinctures will witness upsurge in demand in Asia Pacific:

Out of the different CBD-derived products like oils, creams and tinctures, the CBD tincture segment is predicted to gain traction and is expected to grow at an incredible 36% CAGR through 2027 in APAC. This segment had the second-largest regional market share in 2020 with a valuation of more than $18.5 million. One of the main reasons for this is that this product has a longer shelf life as compared to its alternatives. It has a wide range of applications as well like treating anxiety, nausea, inflammation and pain.

About Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

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Name: Parikhit B.
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Organization: Graphical Research
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