United States Cannabidiol Market

Market Overview:

United States cannabidiol market size is projected to exhibit a growth rate (CAGR) of 29.00% during 2024-2032. The growing demand for natural products to lower the appearance of fine lines and wrinkles and reduce acne, rising focus on natural health and wellness solutions, and increasing need to regulate appetite and manage weight represent some of the key factors driving the market.

Cannabidiol (CBD) is a naturally occurring chemical compound found in the cannabis plant. It is often extracted from industrial hemp plants, a variety of cannabis with low tetrahydrocannabinol (THC) content, making it non-intoxicating. It is widely available in various forms, including oils, capsules, edibles, and topicals, catering to the diverse needs of individuals. It is known for its therapeutic potential and has anti-inflammatory properties that benefit in lowering inflammation, such as rheumatoid arthritis and inflammatory bowel disease. It can aid in improving sleep quality and addressing insomnia by reducing anxiety and promoting relaxation. It alleviates muscle soreness and chronic, arthritis, and neuropathic pain. Besides this, it may be beneficial in enhancing heart health and assist in reducing cravings and withdrawal symptoms in individuals with substance use disorders (SUDs). As it may help people with conditions like generalized anxiety disorder and post-traumatic stress disorder (PTSD) while promoting a sense of calm and relaxation, the demand for cannabidiol is rising in the United States.

United States Cannabidiol Market Trends:

The escalating demand for CBD in skincare and cosmetic products to lower the appearance of fine lines and wrinkles, reduce acne, and promote a more youthful complexion among individuals represents one of the major factors influencing the market positively in the United States. Additionally, the increasing utilization of CBD among individuals seeking alternatives to opioids for pain management is impelling the growth of the market in the country. Apart from this, there is a rise in the demand for CBD to regulate appetite and manage weight among individuals. This, coupled with the growing adoption of CBD among fitness enthusiasts and athletes for post-workout recovery and managing exercise-induced inflammation and soreness, is offering a positive market outlook in the country. Moreover, the increasing utilization of CBD to treat certain types of epilepsy and reduce the frequency and severity of seizures is bolstering the growth of the market. In line with this, the wide availability of CBD products via online and offline distribution channels in the US is strengthening the market growth. Furthermore, the rising employment of CBD, as it may help manage symptoms associated with cancer and cancer treatments, such as nausea and vomiting, is providing lucrative growth opportunities to industry investors. In addition, the increasing focus on natural health and wellness solutions among individuals is contributing to the market growth in the country. The rising use of CBD to reduce high blood pressure among people is propelling the market growth in the country.

United States Cannabidiol Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional and country levels for 2024-2032. Our report has categorized the market based on product, source type, grade, and sales type.

Product Insights:

• CBD Oil
• CBD Isolates
• CBD Concentrates
• Others
   

The report has provided a detailed breakup and analysis of the market based on the product. This includes CBD oil, CBD isolates, CBD concentrates, and others.

Source Type Insights:

• Marijuana
• Hemp
   

A detailed breakup and analysis of the market based on the source type have also been provided in the report. This includes marijuana and hemp.

Grade Insights:

• Food Grade
• Therapeutic Grade
   

The report has provided a detailed breakup and analysis of the market based on the grade. This includes food grade and therapeutic grade.

Sales Type Insights:

• B2B
• B2C
   

A detailed breakup and analysis of the market based on the sales type have also been provided in the report. This includes B2B and B2C.

Regional Insights:

• Northeast
• Midwest
• South
• West
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Northeast, Midwest, South, and West.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

United States Cannabidiol Market Report Coverage:

Key Questions Answered in This Report:

• How has the United States cannabidiol market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the United States cannabidiol market?
• What is the breakup of the United States cannabidiol market on the basis of product?
• What is the breakup of the United States cannabidiol market on the basis of source type?
• What is the breakup of the United States cannabidiol market on the basis of grade?
• What is the breakup of the United States cannabidiol market on the basis of sales type?
• What are the various stages in the value chain of the United States cannabidiol market? 
• What are the key driving factors and challenges in the United States cannabidiol?
• What is the structure of the United States cannabidiol market and who are the key players?
• What is the degree of competition in the United States cannabidiol market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the United States cannabidiol market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the United States cannabidiol market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the United States cannabidiol industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.