Cannabidiol Market Size, Share and Growth Forecast by Sales Type, by Source Type, by End Use, and by
Market Introduction & Size Analysis:
The global cannabidiol (CBD) market is projected to grow significantly, expanding from USD 6.7 billion in 2024 to USD 17.3 billion by the end of 2031, reflecting a robust compound annual growth rate (CAGR) of 14.5% over the forecast period. This growth is largely driven by increasing consumer awareness of CBD's potential health benefits, including its anti-inflammatory, analgesic, and anxiety-reducing properties.
As more individuals turn to natural alternatives to traditional pharmaceuticals, CBD products are becoming increasingly popular within wellness and health-conscious communities. Among these products, cannabidiol market oral solutions are particularly favored for their convenience and ease of dosage compared to oils and capsules.
CBD products are also making their way into mainstream retail channels, such as supermarkets, beauty stores, and wellness centers. This widespread availability through major retailers and e-commerce platforms is enhancing accessibility and broadening consumer reach, further validating the market's appeal.
North America currently leads the global CBD market, with Europe also showing significant growth. Meanwhile, emerging markets in Asia Pacific and Latin America are experiencing rising adoption of CBD products, spurred by evolving regulatory environments and growing consumer interest in natural health solutions.
The surge in consumer interest in natural health and wellness products continues to boost CBD's market presence, driven by its perceived therapeutic benefits.