Short Description
U.S. cannabidiol (CBD) Market By CBD Type (Hemp CBD, Marijuana CBD), Product Type (CBD Oil, CBD Concentrates, CBD Isolates, Others), CBD Category (Full-Spectrum CBD, Broad-Spectrum CBD), Grade (Food, Therapeutics), Application (Food, Beverages, Pharmaceutical, Topicals, Tincture, Dietary Supplements, Others), CBD Nature (Organic, Inorganic), Market Trends and forecast to 2029
Market Definition
Cannabidiol (CBD) is obtained from the cannabis plant, which can be used for various applications. Also, commonly found in hemp and marijuana plants, the extract is also used for research and development proficiencies. The extract consists of 40% of the entire plant, and does not have any harmful effects on humans. Cannabidiol (CBD) has various health benefits, such as treating health disorders such as Parkinson's disease, Alzheimers, and multiple sclerosis. It is effective against stress, reduces acne, and alleviates cancer-related symptoms; thus, it is used in many pharmaceutical applications.
Cannabidiol derived from hemp is anticipated to witness rapid growth owing to increasing demand from the pharmaceutical sector and rising awareness among consumers regarding health.
Market Segmentation
The U.S. cannabidiol (CBD) market is segmented into six notable segments based on CBD type, product type, CBD category, grade, application, and nature.
On the basis of CBD type, the market is segmented into hemp CBD and marijuana CBD.
On the basis of product type, the market is segmented into CBD oil, CBD concentrates, CBD isolates, and others.
On the basis of the CBD category, the market is segmented into full-spectrum CBD, and broad-spectrum CBD.
On the basis of grade, the market is segmented into food, and therapeutics.
On the basis of application, the market is segmented into food, beverages, pharmaceuticals, topicals, tinctures, dietary supplements, and others.
On the basis of nature, the market is segmented into organic, and inorganic.
Market Players
The key market players operating in the U.S. cannabidiol (CBD) market are:
Cresco Labs.
EcoGen Biosciences
Canopy Growth Corporation
The Valens Company
Open Book Extracts
Socati Corp.
Groff North America Hemplex
Swayer Labs
KND Labs
Healthy Food Ingredients, LLC
TABLE OF CONTENTS
1 INTRODUCTION 10
1.1 OBJECTIVES OF THE STUDY 10
1.2 MARKET DEFINITION 10
1.3 OVERVIEW OF U.S. CANNABIDIOL (CBD) MARKET 10
1.4 LIMITATION 12
1.5 MARKETS COVERED 12
2 MARKET SEGMENTATION 15
2.1 MARKETS COVERED 15
2.2 GEOGRAPHICAL SCOPE 16
2.3 YEARS CONSIDERED FOR THE STUDY 16
2.4 CURRENCY AND PRICING 16
2.5 DBMR TRIPOD DATA VALIDATION MODEL 17
2.6 TYPE LIFE LINE CURVE 20
2.7 MULTIVARIATE MODELING 21
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 22
2.9 DBMR MARKET POSITION GRID 23
2.10 MARKET APPLICATION COVERAGE GRID 24
2.11 DBMR MARKET CHALLENGE MATRIX 25
2.12 IMPORT-EXPORT DATA 26
2.13 SECONDARY SOURCES 27
2.14 ASSUMPTIONS 28
3 EXECUTIVE SUMMARY 29
4 PREMIUM INSIGHTS 31
4.1 AVERAGE PRICING ANALYSIS: U.S. CANNABIDIOL (CBD) MARKET 32
4.2 AVERAGE PRODUCTION/SUPPLY CAPACITY: U.S. CANNABIDIOL (CBD) MARKET 33
5 MARKET OVERVIEW 34
5.1 DRIVERS 36
5.1.1 INCREASING DEMAND FOR CBD IN HEALTH AND FITNESS 36
5.1.2 IMPROVING GOVERNMENT APPROVALS AND REGULATIONS FOR CBD PRODUCTS 36
5.1.3 THERAPEUTIC PROPERTIES OF CBD OIL 37
5.1.4 CONSUMERS' SHIFT TOWARDS LEGALLY PURCHASING CANNABIS FOR MEDICAL AND RECREATIONAL USE 38
5.2 RESTRAINTS 39
5.2.1 HIGH COST OF CBD PRODUCTS 39
5.2.2 AVAILABILITY OF COUNTERFEIT AND SYNTHETIC PRODUCTS IN THE MARKET 39
5.3 OPPORTUNITIES 40
5.3.1 INCREASING INVESTMENTS IN THE DEVELOPMENT OF NEW CBD BASED PRODUCTS 40
5.3.2 GROWING MEDICAL APPLICATIONS OF CBD 41
5.4 CHALLENGES 42
5.4.1 SIDE EFFECTS ASSOCIATED WITH CBD OIL 42
5.4.2 BARRIERS IN TERMS OF MARKETING OF CBD 42
6 U.S. CANNABIDIOL (CBD) MARKET, BY CBD TYPE 43
6.1 OVERVIEW 44
6.2 HEMP 45
6.3 MARIJUANA 45
7 U.S. CANNABIDIOL (CBD) MARKET, BY PRODUCT TYPE 46
7.1 OVERVIEW 47
7.2 CBD OIL 48
7.2.1 CARBON DIOXIDE EXTRACTION 48
7.2.2 STEAM DISTILLATION 48
7.2.3 SOLVENT EXTRACTION 49
7.2.4 OTHERS 49
7.3 CBD ISOLATES 49
7.4 CBD CONCENTRATES 49
7.5 OTHERS 50
8 U.S. CANNABIDIOL (CBD) MARKET, BY CBD CATEGORY 51
8.1 OVERVIEW 52
8.2 FULL-SPECTRUM 53
8.3 BROAD SPECTRUM 53
9 U.S. CANNABIDIOL (CBD) MARKET, BY NATURE 54
9.1 OVERVIEW 55
9.2 ORGANIC 56
9.3 INORGANIC 56
10 U.S. CANNABIDIOL (CBD) MARKET, BY GRADE 57
10.1 OVERVIEW 58
10.2 FOOD 59
10.3 THERAPEUTIC 59
11 U.S. CANNABIDIOL (CBD) MARKET, BY APPLICATION 60
11.1 OVERVIEW 61
11.2 TINCTURE 62
11.3 FOOD 63
11.3.1 CHOCOLATE & CONFECTIONARY 63
11.3.1.1 CANDY 64
11.3.1.2 CHOCOLATE 64
11.3.1.3 CHEWS 64
11.3.1.4 GUMMIES 64
11.3.1.5 OTHERS 64
11.3.2 HONEY 64
11.3.3 DAIRY BASED EDIBLE 64
11.3.3.1 MILK 65
11.3.3.2 ICE CREAM 65
11.3.3.3 OTHERS 65
11.3.4 SAUCES & SEASONINGS 65
11.3.5 BAKERY EDIBLE 65
11.3.5.1 COOKIES & BISCUITS 65
11.3.5.2 BROWNIES 66
11.3.5.3 OTHERS 66
11.3.6 OTHERS 66
11.4 BEVERAGES 66
11.4.1 NON-ALCOHOLIC BEVERAGES 66
11.4.1.1 ENERGY DRINKS 67
11.4.1.2 SOFT DRINKS 67
11.4.1.3 RTD COFFEE 67
11.4.1.4 TEA 67
11.4.1.5 SPARKLING WATER 67
11.4.1.6 OTHERS 67
11.4.2 FLAVORED DRINKS 67
11.4.2.1 ORANGE 68
11.4.2.2 LEMON 68
11.4.2.3 BERRIES 68
11.4.2.4 COCONUT 68
11.4.2.5 OTHERS 68
11.4.3 ALCOHOLIC BEVERAGES 68
11.4.3.1 BEER 69
11.4.3.2 WINE 69
11.4.3.3 OTHERS 69
11.4.4 OTHERS 69
11.5 PHARMACEUTICAL 69
11.5.1 DRAVET SYNDROME 70
11.5.2 MULTIPLE SCLEROSIS DRUG APPLICATION 70
11.5.3 NEUROLOGICAL DRUG APPLICATION 70
11.5.4 CANCER DRUG APPLICATION 70
11.5.5 OTHERS 70
11.6 TOPICALS 70
11.6.1 LOTION 71
11.6.2 SALVE 71
11.6.3 LIP BALM 71
11.6.4 OTHERS 71
11.7 DIETARY SUPPLEMENTS 71
11.7.1 CAPSULES 72
11.7.2 GUMMIES 72
11.7.3 OTHERS 72
11.8 OTHERS 72
12 U.S. CANNABIDIOL (CBD) MARKET: COMPANY LANDSCAPE 73
12.1 COMPANY SHARE ANALYSIS: U.S. 73
12.2 FACILITY EXPANSION 74
12.3 PRODUCT LAUNCHES 74
12.4 FACILITY EXPANSIONS 74
13 SWOT ANALYSIS 75
14 COMPANY PROFILES 76
14.1 CRESCO LABS 76
14.1.1 COMPANY SNAPSHOT 76
14.1.2 REVENUE ANALYSIS 76
14.1.3 PRODUCT PORTFOLIO 77
14.1.4 RECENT UPDATES 78
14.2 ECOGEN BIOSCIENCES 79
14.2.1 COMPANY SNAPSHOT 79
14.2.2 PRODUCT PORTFOLIO 79
14.2.3 RECENT UPDATES 80
14.3 CANOPY GROWTH CORPORATION 81
14.3.1 COMPANY SNAPSHOT 81
14.3.2 REVENUE ANALYSIS 81
14.3.3 PRODUCT PORTFOLIO 82
14.3.4 RECENT UPDATES 82
14.4 VALENS COMPANY INC. (2021) 83
14.4.1 COMPANY SNAPSHOT 83
14.4.2 REVENUE ANALYSIS 83
14.4.3 PRODUCT PORTFOLIO 84
14.4.4 RECENT UPDATES 85
14.5 OPEN BOOK EXTRACTS 86
14.5.1 COMPANY SNAPSHOT 86
14.5.2 PRODUCT PORTFOLIO 86
14.5.3 RECENT UPDATES 87
14.6 GROFF NORTH AMERICA HEMPLEX 88
14.6.1 COMPANY SNAPSHOT 88
14.6.2 PRODUCT PORTFOLIO 88
14.6.3 RECENT UPDATES 89
14.7 HEALTHY FOOD INGREDIENTS 90
14.7.1 COMPANY SNAPSHOT 90
14.7.2 PRODUCT PORTFOLIO 90
14.7.3 RECENT UPDATES 91
14.8 KND LABS 92
14.8.1 COMPANY SNAPSHOT 92
14.8.2 PRODUCT PORTFOLIO 92
14.8.3 RECENT UPDATES 93
14.9 SOCATI 94
14.9.1 COMPANY SNAPSHOT 94
14.9.2 PRODUCT PORTFOLIO 94
14.9.3 RECENT UPDATES 95
14.10 SAWYER LABS 96
14.10.1 COMPANY SNAPSHOT 96
14.10.2 PRODUCT PORTFOLIO 96
14.10.3 RECENT UPDATE 96
15 QUESTIONNAIRE 97
16 RELATED REPORTS 100