Market Overview:
The global broad-spectrum CBD market is expected to grow at a CAGR of 31.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing legalization of cannabis across various countries and the growing awareness about the benefits of CBD among consumers. The global broad-spectrum CBD market is segmented on the basis of type, application, and region. On the basis of type, it is divided into hemp-derived type and marijuana-derived type. The hemp-derived type segment accounted for a larger share in 2017 owing to its high availability and low cost as compared to other types of CBD products. On the basis of application, it is classified into medical, food and beverage, cosmetics, and other applications such as nutraceuticals & dietary supplements, animal feed additives etc.). The medical application segment held a dominant position in 2017 due to its wide range of therapeutic applications such as pain relief, anxiety disorders etc., which are being increasingly recognized by consumers worldwide.
Product Definition:
Broad-spectrum CBD is a term used to describe CBD oil or other CBD products that contain a full spectrum of cannabinoids, including trace levels of THC. Broad-spectrum CBD is believed to provide more benefits than CBD oil that contains only isolated cannabinoids. The importance of broad-spectrum CBD is still being studied, but there is some evidence that it may be more effective than other forms of CBD.
Hemp-derived Type:
Hemp-derived type is the purest form of cannabidiol (CBD) oil. It's a green colored, odorless and flavorless liquid that comes from the stalks of hemp plants. These liquids are naturally extracted from the plant and contain all the beneficial properties of CBD without any THC content.
Marijuana-derived Type:
Marijuana-derived type is a broad spectrum cannabidiol (CBD) product that has been derived from either cannabis or hemp.
Application Insights:
Medical application dominated the overall market in 2017, accounting for more than 70.0% share of the global revenue. The growing usage of broad-spectrum CBD to treat a variety of medical conditions, such as chronic pain, mental disorders and inflammation is expected to drive growth over the forecast period. Moreover, increasing research and development activities by major players are projected to boost market growth over the coming years.
Food and beverage was one of the fastest-growing segments in 2017 owing to rising awareness about health benefits associated with CBD consumption coupled with increasing R&D initiatives by key companies involved in product innovation. For instance, Constellation Pharmaceuticals received FDA approval for its hemp-based drops called Zatural Hemp Oil followed by GW Pharma receiving EU APPROVAL for its oral spray called Sativex which contains THC & CBD under 2 mg/ml concentration each respectively (for treatment Of Pain).
Regional Analysis:
Europe dominated the global market in 2017 owing to the presence of major hemp-derived CBD manufacturers, such as GW Pharmaceuticals and BHO Botanicals. The region is expected to maintain its dominance over the forecast period due to growing product demand for medical use. Germany, Poland, France, U.K., Italy are some of the prominent countries where hemp cultivation is permitted under specific conditions. However, strict regulations regarding cultivation and processing have slowed down market growth in Europe compared with other regions.
Asia Pacific is anticipated to be one of the fastest-growing regional markets from 2018 to 2030 owing high population growth rates coupled with rising disposable income levels among consumers looking for natural alternatives for medication assisted by conventional pharmaceutical drugs that cause harmful side effects after long term usage or result in addiction liability (i). China has emerged as a major manufacturing hub for these products due primarily industrial expansion associated with food & beverage sector and cosmetics industry (ii).
Growth Factors:
- Increasing awareness of the benefits of CBD: As people become more aware of the potential benefits of CBD, demand for products containing this compound is likely to increase.
- Growing interest in natural remedies: A growing number of people are interested in using natural remedies, and CBD is seen as a promising option due to its various health benefits.
- Rising popularity of cannabis-based products: The cannabis industry is growing rapidly, and this is likely to lead to increased demand for CBD-containing products.
- Increased availability of CBD-containing products: With the legalization of cannabis in many states, there has been an influx of CBD-containing products on the market. This makes it easier for consumers to find what they’re looking for and increases competition among brands, which can lead to lower prices and better quality products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Broad-spectrum CBD Market Research Report
By Type
Hemp-derived Type, Marijuana-derived Type
By Application
Medical, Food and Beverage, Cosmetics, Other
By Companies
Charlotte’s Web, Candropharm, Medical Marijuana, Folium Biosciences, Mile High Labs, Green Roads, MH medical hemp, Treehouse, Essentia Pura, Kazmira, Charlotte’s Web, Kanibi
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
175
Number of Tables & Figures
123
Customization Available
Yes, the report can be customized as per your need.
Global Broad-spectrum CBD Market Report Segments:
The global Broad-spectrum CBD market is segmented on the basis of:
Types
Hemp-derived Type, Marijuana-derived Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medical, Food and Beverage, Cosmetics, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Charlotte’s Web
- Candropharm
- Medical Marijuana
- Folium Biosciences
- Mile High Labs
- Green Roads
- MH medical hemp
- Treehouse
- Essentia Pura
- Kazmira
- Charlotte’s Web
- Kanibi
Highlights of The Broad-spectrum CBD Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hemp-derived Type
- Marijuana-derived Type
- By Application:
- Medical
- Food and Beverage
- Cosmetics
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Broad-spectrum CBD Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Broad-spectrum CBD is a term used to describe products that contain both CBD and THC. This type of product is typically recommended for people who are looking for relief from medical conditions such as chronic pain, anxiety, and seizures.
Some of the major players in the broad-spectrum cbd market are Charlotte’s Web, Candropharm, Medical Marijuana, Folium Biosciences, Mile High Labs, Green Roads, MH medical hemp, Treehouse, Essentia Pura, Kazmira, Charlotte’s Web, Kanibi.
The broad-spectrum cbd market is expected to register a CAGR of 31.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Broad-spectrum CBD Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Broad-spectrum CBD Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Broad-spectrum CBD Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Broad-spectrum CBD Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Broad-spectrum CBD Market Size & Forecast, 2018-2028
4.5.1 Broad-spectrum CBD Market Size and Y-o-Y Growth
4.5.2 Broad-spectrum CBD Market Absolute $ Opportunity
Chapter 5 Global Broad-spectrum CBD Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Broad-spectrum CBD Market Size Forecast by Type
5.2.1 Hemp-derived Type
5.2.2 Marijuana-derived Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Broad-spectrum CBD Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Broad-spectrum CBD Market Size Forecast by Applications
6.2.1 Medical
6.2.2 Food and Beverage
6.2.3 Cosmetics
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Broad-spectrum CBD Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Broad-spectrum CBD Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Broad-spectrum CBD Analysis and Forecast
9.1 Introduction
9.2 North America Broad-spectrum CBD Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Broad-spectrum CBD Market Size Forecast by Type
9.6.1 Hemp-derived Type
9.6.2 Marijuana-derived Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Broad-spectrum CBD Market Size Forecast by Applications
9.10.1 Medical
9.10.2 Food and Beverage
9.10.3 Cosmetics
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Broad-spectrum CBD Analysis and Forecast
10.1 Introduction
10.2 Europe Broad-spectrum CBD Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Broad-spectrum CBD Market Size Forecast by Type
10.6.1 Hemp-derived Type
10.6.2 Marijuana-derived Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Broad-spectrum CBD Market Size Forecast by Applications
10.10.1 Medical
10.10.2 Food and Beverage
10.10.3 Cosmetics
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Broad-spectrum CBD Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Broad-spectrum CBD Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Broad-spectrum CBD Market Size Forecast by Type
11.6.1 Hemp-derived Type
11.6.2 Marijuana-derived Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Broad-spectrum CBD Market Size Forecast by Applications
11.10.1 Medical
11.10.2 Food and Beverage
11.10.3 Cosmetics
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Broad-spectrum CBD Analysis and Forecast
12.1 Introduction
12.2 Latin America Broad-spectrum CBD Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Broad-spectrum CBD Market Size Forecast by Type
12.6.1 Hemp-derived Type
12.6.2 Marijuana-derived Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Broad-spectrum CBD Market Size Forecast by Applications
12.10.1 Medical
12.10.2 Food and Beverage
12.10.3 Cosmetics
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Broad-spectrum CBD Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Broad-spectrum CBD Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Broad-spectrum CBD Market Size Forecast by Type
13.6.1 Hemp-derived Type
13.6.2 Marijuana-derived Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Broad-spectrum CBD Market Size Forecast by Applications
13.10.1 Medical
13.10.2 Food and Beverage
13.10.3 Cosmetics
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Broad-spectrum CBD Market: Competitive Dashboard
14.2 Global Broad-spectrum CBD Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Charlotte’s Web
14.3.2 Candropharm
14.3.3 Medical Marijuana
14.3.4 Folium Biosciences
14.3.5 Mile High Labs
14.3.6 Green Roads
14.3.7 MH medical hemp
14.3.8 Treehouse
14.3.9 Essentia Pura
14.3.10 Kazmira
14.3.11 Charlotte’s Web
14.3.12 Kanibi
