IMARC Group has published a market research report titled "United States Cannabidiol Market Report by Product (CBD Oil, CBD Isolates, CBD Concentrates, and Others), Source Type (Marijuana, Hemp), Grade (Food Grade, Therapeutic Grade), Sales Type (B2B, B2C), and Region 2024-2032", United States cannabidiol market size is projected to exhibit a growth rate (CAGR) of 29.00% during 2024-2032.
The United States cannabidiol market is experiencing significant growth, primarily driven by the growing approval and legalization of cannabis in various states of the country for medical as well as recreational purposes. Besides this, the market is also expanding due to increasing awareness among consumers because of several health advantages of cannabidiol (CBD), like chronic pain, insomnia, and effectively relieving anxiety. Furthermore, the diversification of CBD-based products, including oils, tinctures, edibles, topicals, and capsules, has made them more accessible to a wider audience. This broad spectrum of products caters to different consumer preferences, thereby enhancing the expansion of the United States cannabidiol market. Additionally, the growing investment in R&D activities aimed at exploring new therapeutic applications of cannabidiol is also a critical driver of market growth.
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United States Cannabidiol Market Trends and Drivers:
The evolving retail landscape, characterized by the increasing presence of CBD products in mainstream retail outlets and online platforms, is facilitating easy accessibility and driving the United States cannabidiol market forward. In addition to this, the endorsement of cannabidiol by celebrities and influencers for its wellness benefits has further propelled its popularity and boosted market growth. Moreover, regulatory challenges and varying state-level legal frameworks continue to pose uncertainties, affecting market dynamics. Despite these challenges, the market is poised for substantial growth, driven by ongoing research confirming the therapeutic benefits of cannabidiol. Apart from this, the trend toward organic and natural wellness products is expected to drive the United States cannabidiol market in the coming years.
Report Segmentation:
The report has segmented the market into the following categories:
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
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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