Global Cannabidiol Market Size & Outlook, 2023-2030
Global cannabidiol market, 2018-2030 (US$M)
Related Markets
Global cannabidiol market highlights
- The global cannabidiol market generated a revenue of USD 7,705.3 million in 2023 and is expected to reach USD 22,052.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 16.2% by 2030.
- In terms of segment, hemp accounted for a revenue of USD 4,293.3 million in 2023.
- Hemp is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, South Korea is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 7,705.3 million |
| Market revenue in 2030 | USD 22,052.3 million |
| Growth rate | 16.2% (CAGR from 2023 to 2030) |
| Largest segment | Hemp |
| Fastest growing segment | Hemp |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hemp, Marijuana |
Other key industry trends
- In terms of revenue, the North America accounted for 87.4% of the global cannabidiol market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Korea is the fastest growing regional market and is projected to reach USD 37.0 million by 2030.
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Cannabidiol Market Scope
Cannabidiol Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global cannabidiol market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cannabidiol market will help companies and investors design strategic landscapes.
Hemp was the largest segment with a revenue share of 55.72% in 2023. Horizon Databook has segmented the Global cannabidiol market based on hemp, marijuana covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Cannabidiol Product Outlook (Revenue, USD Million, 2018-2030)
- Hemp
- Marijuana
- Global Cannabidiol Sale Type Outlook (Revenue, USD Million, 2018-2030)
- B2B
- Pharmaceuticals
- wellness
- Food & Beverages
- Personal Care & Cosmetics
- Nutraceuticals
- Others
- B2C
- Medical
- Chronic Pain
- Mental Disorders
- Cancer
- Others
- Personal Use
- Medical
- B2B
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Target buyers of Global cannabidiol market databook
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Our clientele includes a mix of cannabidiol market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global cannabidiol market , including forecasts for subscribers. This global databook contains high-level insights into Global cannabidiol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global cannabidiol market size, by regions, 2018-2030 (US$M)
Top 10 countries: Cannabidiol market size, 2023 (US$M)
Global cannabidiol market share, by product, 2023 & 2030 (%, US$M)
Cannabidiol market: Opportunity assessment by country
Global cannabidiol market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 4,351.2 | 4,926.2 | 3,213.3 | 4,546.2 | 5,582.0 | 6,733.9 | 7,926.4 | 9,165.5 | 10,710.1 | 12,474.0 | 14,456.0 | 15,968.6 | 17,569.1 | 14.7% |
| Europe | 155.5 | 189.7 | 158.1 | 214.6 | 272.6 | 347.7 | 443.0 | 564.4 | 715.1 | 898.4 | 1,129.2 | 1,412.2 | 1,759.6 | 26.1% |
| Asia Pacific | 249.9 | 333.0 | 243.9 | 296.8 | 359.9 | 440.5 | 543.3 | 671.7 | 831.2 | 1,027.7 | 1,275.4 | 1,586.0 | 1,979.9 | 24.0% |
| Latin America | 26.3 | 49.5 | 37.5 | 44.3 | 53.3 | 64.6 | 78.9 | 97.0 | 119.1 | 145.4 | 178.0 | 204.8 | 229.3 | 19.8% |
| MEA | 33.4 | 70.1 | 57.7 | 78.2 | 96.0 | 118.6 | 147.2 | 183.5 | 227.9 | 280.4 | 345.6 | 422.9 | 514.4 | 23.3% |
| Overall | 4,816.3 | 5,568.5 | 3,710.5 | 5,180.1 | 6,363.8 | 7,705.3 | 9,138.8 | 10,682.1 | 12,603.4 | 14,825.9 | 17,384.2 | 19,594.5 | 22,052.3 | 16.2% |
Related regional statistics
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