CBD Water Market Size, Industry Analysis Report By Type (Industrial hemp-derived, Medical marijuana-derived), By Application (Supermarket, Online retail, Offline retail) & Region – Forecast
- PUBLISHED ON
- 2024-10-03
- NO OF PAGES
- 224
- CATEGORY
- Food & Beverages
The CBD Water Market is expected to reach USD 6.49 billion by 2030, registering a CAGR of 10.10% over the forecast period. Cannabis plants are used to produce the naturally occurring substance cannabidiol (CBD). After decarboxylation from a cannabidiolic acid precursor, it is a 21-carbon terpenophenolic molecule. A chemical substance present in the cannabis plant is known as CBD. The high associated with THC or marijuana is not what it produces. One of the newest additions to CBD products, which also include oils, capsules, and gummies among others, is CBD water, which is a beverage that has been mixed with CBD particles.
The CBD Water Market - Growth Factor
One of the key drivers propelling the growth of the CBD water market is the increasing usage of CBD-infused foods and beverages to treat chronic pain, aid lower anxiety, and reduce inflammation. The growing trend of CBD-infused goods due to their medicinal benefits and the preference of customers all over the world for natural organic items over pharmaceuticals are driving the expansion of the CBD water market. The market for CBD water is also influenced by the rising output of industrial hemp and the rising demand for cannabidiol (CBD) in the creation of snacks and wellness items due to its therapeutic properties. Additionally, mergers and acquisitions among major firms, a new consumer trend related to the increase in social media influencers promoting the product's advantages, and the market for CBD water all contribute to this development. Additionally, during the forecast period of 2021 to 2028, the participants in the CBD water market will have lucrative prospects due to R&D efforts and the legalisation of the product internationally.
The CBD Water Market – Market Trends
• The usage of CBD to treat a variety of human ailments is one of the major drivers propelling the market. Products containing CBD offer a number of advantages, including protection against Alzheimer's disease, anti-inflammatory qualities, and assistance in the treatment of epilepsy and mental health issues.
• Cannabidiol is extensively used since it aids in drug withdrawal and is strongly advised in situations of cancer.
• Growing demand from the health and wellness industry for CBD-infused water. Increasing knowledge of CBD-infused water's possible health advantages.
• The growing acceptance of CBD as a natural treatment for numerous illnesses the rising consumer trend of functional beverages. The expanding market for high-end CBD-infused water products
The CBD Water Market – Segmentation
The CBD Water Market fragrance concentrates market has been sub-classified into type, application.
On the basis of type, the CBD Water Market is bifurcated into:
• Industrial hemp-derived
• Medical marijuana-derived
• Others
On the basis of application, the market is segmented into:
• Supermarket
• Online retail
• Offline retail
• Others
The CBD Water Market –Regional Analysis
North America dominated the global CBD Water Market, because of the increased use of CBD-infused ready-to-eat foods and drinks, the legalisation of cannabis use for both medical and recreational purposes, and the high level of knowledge in the area. Due to the region's changing lifestyle and eating habits, rising health and wellness consciousness, and increasing popularity of drinks, Asia-Pacific is predicted to see a high CAGR over the projected period of 2022–2030.
The CBD Water Market – Key Market players
Global key players of CBD Water Market include CBD Living, Quantum Pcr, Cannabidiol Life, CBD Fusion Water, Cannabinoid Creations, CBD Naturals, Cannanano, and others.
Report scope
Global CBD Water Market: Historical Years- 2018-2021
Global CBD Water Market: Forecast Years- 2022-2030
Global CBD Water Market 2030- USD 6.49 billion
Global CBD Water Market CAGR- 10.10%
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
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