Asia-Pacific Cannabidiol (CBD) Market To Witness Astonishing Growth Rate 24.1% between Forecast Period

CDN Newswire

Published

December 8, 2022

Asia-Pacific Cannabidiol (CBD) Market

Asia-Pacific Cannabidiol (CBD) Market Analysis and Insights

Asia-Pacific cannabidiol (CBD) market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 24.1% in the forecast period of 2022 to 2029. Technological advancements in cannabidiol (CBD) drug treatments, rise in the healthcare sector are another factors drive growth of the Asia-Pacific cannabidiol (CBD) market in the forecast period.

However, side effects associated with CBD oil and counterfeit and synthetic products available in the market will restraining the market growth. Adoption of strategic alliances like partnerships and acquisitions by key market players act as an opportunity for the growth of Asia-Pacific cannabidiol (CBD) market.

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Cannabidiol (CBD) Market Definition

Cannabidiol (CBD) is a chemical compound that is found in the cannabis sativa plant, and is extracted from hemp or cannabis, generally from hemp due to its naturally high cannabidiol (CBD) content. It has several benefits in treating anxiety and seizures and reducing pain. Due to its healing properties, the demand for CBD for health and wellness purposes is high, which is the major factor driving the market. Out of all cannabinoids, cannabidiol is most widely used for therapeutic reasons due to the lack of psychoactive effects. In many medical applications, cannabidiol oil is used, such as anxiety and depression treatment, stress relief, diabetes prevention, pain relief, cancer symptom relief, and inflammation. Due to the increasing adoption of CBD-based products to treat ailments, the Asia-Pacific market is anticipated to grow at a lucrative rate over the forecast period. Cannabidiol oil is increasingly being used to make skincare products to treat acne and wrinkles. Sephora, for example, had recently introduced cannabidiol or CBD skincare line to its stores. Similarly, Ulta Beauty is intending to launch a cannabidiol-based product line. Several new companies are also entering the market for cannabidiol-infused cosmetic products.

Asia-Pacific Cannabidiol (CBD) market research report has been organized with most up-to-date insight and analysis to give maximum benefits to the THIS industry. Besides, this report also includes historic data, present and future market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry. The industry analysis report can be used by both established and new players in the industry for complete understanding of the market. The scope of Asia-Pacific Cannabidiol (CBD) market report involves industry research, customer insights, market sizing and forecast, competitive analysis, market entry strategy, pricing trends, sustainability trends, innovation trends, technology evolution, and distribution channel assessment.

Competitive Landscape and Asia-Pacific Cannabidiol (CBD) Market Share Analysis

Asia-Pacific cannabidiol (CBD) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to cannabidiol (CBD) products.

The major companies which are dealing in the cannabidiol (CBD) market are CV Sciences, Inc., VIVO Cannabis Inc., Gaia Herbs Hemp, Phoena Holdings Inc., Medical Marijuana, Inc., The Cronos Group, CHARLOTTE’S WEB, HEXO Corp., Aurora Cannabis, Canopy Growth Corporation, Jazz Pharmaceuticals, Inc., Tilray, Curaleaf, KAZMIRA, Freedom Leaf, Inc., Koi CBD, Groff North America Hemplex, Joy Organics, Elixinol Wellness Limited, Isodiol International Inc., Healthy Food Ingredients, LLC, NuLeaf Naturals, LLC, Diamond CBD, Medterra CBD, ENDOCA, Green Roads among others.

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Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Asia-Pacific vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.

Post-COVID-19 Impact on Asia-Pacific Cannabidiol (CBD) Market

COVID-19 has resulted in a substantial upsurge in demand for medical supplies from both healthcare professionals and the general public for precautionary measures. Manufacturers of these items have an opportunity to take advantage of the increased demand for medical supplies by ensuring a steady supply of personal protective equipment on the market. COVID-19 is anticipated to have a big impact on the Asia-Pacific cannabidiol (CBD) market.

Asia-Pacific Cannabidiol (CBD) Market Scope and Market Size

Asia-Pacific cannabidiol (CBD) market is segmented on the basis source, grade, application, product type, nature. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the Difference in your target markets.

BY SOURCE

HEMP
MARIJUANA

On the basis of source, the Asia-Pacific cannabidiol (CBD) market is segmented into hemp and marijuana.

BY PRODUCT TYPE

CBD OIL
CBD ISOLATES
CBD CONCENTRATES
OTHERS

On the basis of product type, the Asia-Pacific cannabidiol (CBD) market is segmented into CBD oil, CBD concentrates, CBD isolates and others

BY NATURE

ORGANIC
INORGANIC

On the basis of nature, the Asia-Pacific cannabidiol (CBD) market is segmented into organic and inorganic.

BY GRADE

FOOD GRADE
THERAPEUTIC GRADE

On the basis of grade, the Asia-Pacific cannabidiol (CBD) market is segmented into food grade and therapeutics grade.

BY APPLICATION

Tincture
Food
Beverages
Pharmaceutical
Topicals
Dietary supplements
Others
On the basis of application, the Asia-Pacific cannabidiol (CBD) market is segmented into tincture, food, beverages, pharmaceutical, topicals, dietary supplements and others.

Asia-Pacific Cannabidiol (CBD) Market Country Level Analysis

The cannabidiol (CBD) market is analyzed and market size information is provided by source, grade, application, product type, nature.

The countries covered in the cannabidiol (CBD) market report are China, Japan, India, South Korea, Thailand, Malaysia, Australia, New Zealand and rest of Asia-Pacific.

In 2022, China is dominating due to the presence of key market players along the largest consumer market with high GDP. China is expected to grow due to rise in technological advancement in drug treatments.

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Major factors covered in the report:

Asia-Pacific Cannabidiol (CBD) market summary
Economic Impact on the Industry
Market Competition in terms of Manufacturers
Production, Revenue (Value) by geographical segmentation
Production, Revenue (Value), Price Trend by Type
Market Analysis by Application
Cost Investigation
Industrial Chain, Raw material sourcing strategy, and Downstream Buyers
Marketing Strategy comprehension, Distributors, and Traders
Study on Market Research Factors
Asia-Pacific Cannabidiol (CBD) Market Forecast

About Data Bridge Market Research:

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