Cannabidiol Market Updates

Cannabidiol Market size was valued at USD 7.7 Billion in 2023 and is poised to grow from USD 8.92 Billion in 2024 to USD 28.83 Billion by 2032, growing at a CAGR of 15.8% during the forecast period (2025-2032).

Cannabidiol providers should focus on targeting countries and regions where legalization of cannabis is increasing to maximize their business scope. Growing incorporation of cannabidiol in multiple consumer products will also create new opportunities for cannabidiol companies going forward. Raising awareness regarding benefits of cannabidiol use will also be highly crucial for cannabidiol companies to unlock the full market growth potential. 'ENDOCA ', 'Cannoid, LLC ', 'Folium Europe B.V. ', 'Canopy Growth Corporation ', 'Elixinol ', 'NuLeaf Naturals, LLC ', 'Isodiol International, Inc. ', 'PharmaHemp ', 'The Cronos Group ', 'APHRIA, INC. ', 'AURORA CANNABIS ', 'MARICANN, INC. (WAYLAND GROUP CORPORATION) ', 'TILRAY ', 'GW PHARMACEUTICALS, PLC ', 'ABCANN MEDICINALS, INC. ', 'ORGANIGRAM HOLDING, INC. ', 'Hemptown USA ', 'Charlotte's Web Holdings ', 'CV Sciences ', 'Medterra CBD'

Growing Legalization of Cannabis

Sustainability and Organic Trends: Cannabidiol companies can focus on making their products 100% sustainable to ride the sustainability wave and boost sales. Market players can also focus on sourcing organic raw materials to make their cannabidiol products organic as the popularity of organic products rise around the world.

Growing awareness regarding the health benefits of cannabidiol and increasing legalization of cannabidiol are projected to help North America dominate the global market growth. Rising health consciousness, growing availability of cannabidiol products, and rising acceptance of the same are slated to bolster the sales of cannabidiol in the future. Canada and the United States will remain the most opportune markets for cannabidiol companies in this region. The presence of key cannabidiol providers will also aid the dominance of this region going forward.