CBD Market Analysis

Goals

To uderstand the CBD market globally and by country, including the market size, the market growth, the countries that allow CBD (online and in brick and mortar), best-performing CBD brands, best-performing CBD infused vitamins and food supplements, biggest legal obstacles to produce and sell CBD products, the biggest scientific obstacles for CBD products, the most successful CBD products marketing cases, the next big trend for CBD infused products, demographic statistics for key CBD consumers, a list of all the investment funds, investing in CBD start-ups, a summary of successfully implemented crowdsourced CBD projects, areas of the CBD vitamins and supplements market that are not currently being addressed by existing startups and/or established companies, and an assessment of trends in the CBD industry around regulatory outsourcing.

Early Findings

CBD Market Size:

Global CBD Market Growth

  • 2019: $6,967.06 million.
  • 2020: $15,716.3 million.
  • 2021: $35,452.82 million.
  • 2022: $79,974.47 million.
  • 2023: $180,406.41 million.
  • 2024: $406,960.79 million.

US CBD Market Growth

  • Using this CAGR Calculator, we calculated the US CAGR from 2019 and 2023 values. CAGR = 47.55 %.
  • 2019: $5 billion.
  • 2020: $7.38 billion.
  • 2021: $10.89 billion.
  • 2022: $16.06 billion.
  • 2023: $23.7 billion
  • 2024: $51.59 billion.

Proposed next steps:

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Our initial search found the global market size and growth rate for CBD. To get all the requested data, we recommend continuing to find the requested data worldwide and for the USA, EU, Scandinavian countries, Lithuania, India, and Africa, including the market size, the market growth, the countries that allow CBD (online and in brick and mortar), best-performing CBD brands, best-performing CBD infused vitamins and food supplements, biggest legal obstacles to produce and sell CBD products, the biggest scientific obstacles for CBD products, the most successful CBD products marketing cases, the next big trend for CBD infused products, demographic statistics for key CBD consumers, a list of all the investment funds, investing in CBD start-ups, a summary of successfully implemented crowdsourced CBD projects, areas of the CBD vitamins and supplements market that are not currently being addressed by existing startups and/or established companies, and an assessment of trends in the CBD industry around regulatory outsourcing. Please check this box if we should proceed with this research.
Additionally, we could provide a comprehensive SWOT analysis of the CBD industry worldwide, including an in-depth look at the industry outlining its Strengths (S), Weaknesses (W), Opportunities (O), and Threats (T). We recommend continuing to outline the CBD products' consumer journey in order to gain more insights into the importance of advertising and social media platforms in this journey. Also, we recommend continuing the research to identify 2-3 of the best practices to advertise CBD products on social media platforms. For each best practice, we will provide a thorough description of what it is, how it can help, and why it is considered as a best practice. Please check this box if we should proceed with this research.