CBD Nutraceuticals Market Scope
The global CBD nutraceuticals market is expected to expand in the forecast period due to a growing consumer preference for plant-based supplements and rising awareness regarding the medical benefits of cannabidiol including its remedial properties. The industry continues to expand because of a variety of factors such as increasing acceptance of CBD for health and wellness purposes coupled with high bioavailability of tinctures when administered sublingually.
The CBD Nutraceuticals market study is segmented by Type (CBD Tinctures, Capsules & Softgels, CBD Gummies and Others), by Application (Medical, Biomedical, Pharmaceutical and Nutraceutical) and major geographies with country level break-up.
Leading key players are focusing on strategic partnerships to improve their products and services. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global CBD Nutraceuticals market throughout the predicted period.
Elixinol (United States), Medical Marijuana, Inc. (United States), CV Sciences, Inc. (United States), Irwin Naturals (United States), Diamond CBD (United States), Green Roads (United States), MEDTERRA (United States), Isodiol (Canada), Garden of Life (United States) and Foria Wellness (United States) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Global CBD Nutraceuticals market by Type, Application and Region.
On the basis of geography, the market of CBD Nutraceuticals has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In April 2019, Australian biopharmaceutical firm, MGC Pharmaceuticals entered into a partnership with the Chinese e-commerce platform-YuShop Global for gaining entry in the Chinese CBD nutraceuticals space.
In April 2019, Aphria Inc. through its subsidiary Aphria Deutschland GmbH launched the Company's first CBD-based nutraceutical, the first product in its CBD-based cosmetics line for the German market. Featuring CBD derived from hemp, the CannRelief brand of products are being produced in the European Union and distributed by the Company's subsidiary, CC Pharma, which has access to more than 13,000 pharmacies throughout Germany.
- Increasing Approvals for Using CBD as Food Supplements
- Growing Demand for Hemp Protein among Athletes, Bodybuilders
- Increasing Awareness Regarding the Health Benefits of Cannabidiol
- Rising Consumer Preference for Plant-based Ingredients in Dietary Supplement
- Growth in Developing Countries
- Presence of Alternatives like the Herbal Nutraceuticals, such as Echinacea, and Turmeric
- Fluctuating Prices of Raw Material
- Uncertain Government Regulations related to the Usage of CBD Food Supplements
Key Target AudienceCBD Nutraceuticals Manufactures, CBD Nutraceuticals Suppliers, CBD Nutraceuticals Distributors, Government Regulatory Bodies, Private Research Organizations, Government Research Organizations and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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