Cannabidiol (CBD) is a compound commonly found in hemp and marijuana plants, this extract is found to be effective against numerous disorders such as chronic pain, neurological pain, anxiety, sleep disorder, as well as nausea and stress. Hence, cannabidiol is gaining widespread popularity across various regions. This extract consists approximately 40% of the entire plant and it is known to not cause any dependence effects on the human body. CBD is found naturally in marijuana plants. Though the oil is derived from marijuana, it does not have any harmful effects like any other product derived from cannabis. CBD oil is also showing positive results in treating various health disorders such as Alzheimer’s disease, multiple sclerosis, Parkinson’s disease, and others.
Market Dynamics:
CBD-infused products have become the latest trend across the world. Increasing awareness about the medical benefits of CBD-infused products is leading to an increase in the number of people willing to buy these products, irrespective of cost and this is expected to augment the growth of the global cannabidiol (CBD) consumer health market during the forecast period.
In the Asia Pacific region, several nutraceutical companies are now offering a wide variety of supplements and functional foods in various forms. For instance, an Australian company—MGC Pharma—launched its CBD nutraceutical-product line, including CBD capsules, water-soluble CBD solutions, and hemp powder, in China. These products have gained significant acceptance among consumers within a short span, as they offer health benefits of CBD without any psychoactive effects. In addition, the demand for hemp-derived CBD products is increasing due to the legalization of hemp in various countries in the Asia Pacific region.
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*Browse 24 market data tables and 28 figures on "Global Cannabidiol (CBD) Consumer Health Market” - forecast to 2030
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