World CBD Nutraceuticals Market Share, Size, Trends, Industry Analysis Report 2021-2028 – ResearchAndMarkets.com

DUBLIN – (BUSINESS WIRE) – The report “CBD Nutraceuticals Market Share, Size, Trends, Industry Analysis Report, By Product; By Distribution Channel; By Region; Segment Forecast, 2021-2028” has been added to ResearchAndMarkets.com’s offering.

The global CBD nutraceutical market size is projected to reach US $ 19.25 billion by 2028

Demand for CBD nutraceuticals is expected to increase over the forecast period as obesity and related disorders increase, health awareness increases, and awareness of the benefits associated with cannabidiol nutraceuticals increases. The legalization of the US Farm Bill in late 2018, which resulted in the marketing of hemp products, increasing consumer disposable income, and increasing shift towards health and wellness products, has significantly increased the demand for cannabidiol nutraceuticals.

In March 2018, MGC Pharma expanded its product portfolio by introducing nutraceuticals with cannabis and hemp. The company launched several vegan products under its new MGC Nutraceuticals line, including dietary supplements and food products. The new offering includes capsules, water-soluble cannabinoids and ready-to-drink products that contain high-quality phytocannabinoids to reduce stress, boost immunity and maintain muscle and bone structure. This product launch enables the company to capitalize on growing opportunities in the nutritional supplement and cannabidiol nutraceutical market.

On the basis of the product, the market is divided into CBD Capsules, CBD Tinctures, and Others. The tinctures segment had a large share in 2019. The health benefits associated with tinctures, the increasing health awareness of users, and the shift in the trend towards diet and nutritious foods are fueling the growth of this segment.

Cannabidiol tinctures are increasingly used for pain relief, insomnia, muscle spasms, deterioration of the nervous system, and anxiety, among other things. Governments around the world are gradually introducing regulations that will support the growth of cannabidiol nutraceuticals.

The different sales channels covered in the report include offline sales channels and online sales channels. The offline distribution channel made up a large market share of the global CBD nutraceutical industry. Rapid urbanization, increasing penetration of retail stores, and growing health awareness have fueled the overall growth of this distribution channel.

In addition, the rapidly growing health and beauty industry in developing countries has fueled the growth of health and beauty businesses and supported the growth of this segment. The growth of the fitness industry complements the growth of retail stores showing evidence of cannabidiol nutraceuticals and nutritional supplements.

North America dominated the global CBD nutraceutical market in 2020 and is expected to maintain its dominance over the forecast period. A high standard of living, increasing health awareness and supportive government regulations support market growth in this region. For the Asia-Pacific region, however, significant growth is expected in the forecast period.

The growing geriatric population coupled with increasing awareness of the benefits of CBD nutraceuticals is fueling growth in this region. Leading global players are expanding their presence in the developing countries of China, Japan, India and South Korea in order to take advantage of the growth opportunities in these countries.

With the advancement of technology and the greater need to respond to customer demands, companies are working together to strengthen market presence and gain market share. The expansion of the product portfolio is another trend that is visible in the industry.

Key market players include Foria Wellness, CV Sciences, Inc., Green Roads, Charlottes Web, Isodiol, Garden of Life LLC, Diamond CBD, MGC Pharma, Elixinol, Medterra CBD, Endoca BV and Medical Marijuana, Inc., Aphria Inc. and Irwin Naturals.

Main topics covered:

1. Chapter 1. Introduction

2. Chapter 2. Summary

3. Chapter 3. Research methodology

4. Chapter 4. Insights into the CBD Nutraceuticals Market

4.1. CBD Nutraceuticals – Industry Snapshot

4.2. CBD Nutraceuticals Market Dynamics

4.3. Porter’s Five Forces Analysis

4.4. CBD Nutraceuticals Market PESTLE Analysis

4.5. Value chain analysis

4.6. Competitive Ranking Analysis, 2020

5. Chapter 5. Market Evaluation of CBD Nutraceuticals by Product

5.1. introduction

5.2. CBD capsules

5.3. CBD tinctures

5.4. Other

6. Chapter 6. Market Valuation of CBD Nutraceuticals By Distribution Channel

6.1. introduction

6.2. Offline sales channel

6.3. Online sales channel

7. Chapter 7. Market Valuation of CBD Nutraceuticals By Geography

7.1. introduction

8. Chapter 8. Competitive Landscape

8.1. Expansion and launch analysis

8.2. Partnerships / collaborations / agreements / exhibitions

9. Chapter 9. Company Profiles

Foria Wellness CV Sciences Inc. Charlotte’s Web Green Streets Isodiol Garden of Life LLC Diamond CBD MGC Pharma Elixinol Medterra CBD Endoca BV Medical Marijuana Inc. Aphria Inc. Irwin Naturals.

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