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The US Cannabidiol (CBD) Market: Size & Forecasts With Impact Analysis Of Covid-19 (2020-2024 Edition)

Published on: Dec 2020 | From USD $850 | Published By: DAEDAL RESEARCH | Number Of Pages: 64

Scope of the Report

The report entitled “The US Cannabidiol (CBD) Market: Size & Forecasts with Impact Analysis of Covid-19 (2020-2024 Edition)” provides an in-depth analysis of the CBD market in the US including detailed description of market sizing and growth. The report provides an analysis of the US CBD market followed by US Hemp-Derived CBD market and its various segments.

Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall CBD market in the US has also been forecasted for the period 2020-2024, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

The major players dominating the US CBD market are Charlotte’s Web Holdings, Inc., CV Sciences, Inc., Reliva CBD Wellness and Elixinol Global Limited (Elixinol USA). The four companies have been profiled in the report providing their business overview, financial overview and business strategies.

Company Coverage

Charlotte’s Web Holdings, Inc
CV Sciences, Inc.
Reliva CBD Wellness
Elixinol Global Limited (Elixinol USA)

Executive Summary

Cannabidiol (CBD) has been segmented into hemp-derived, marijuana-derived and pharmaceutical. Hemp-derived CBD has been further segmented on the basis of product and distribution channel. Based on product, hemp-derived CBD has been segregated into tinctures, topicals, capsules, vape oil/ cartridges, gummies, other edibles, pre-roll/ flower and syrups and dabs. On the basis of distribution channel, hemp-derived CBD has been divided into natural food stores, online, smoke shops, dispensaries, medical companies and others.

The US Cannabidiol (CBD) market is expected to rise significantly during the period 2020-2024. The market is expected to be driven by various growth enhancing factors such as aging population, growing use of CBD among millennials, increasing prevalence of arthritis, removal of hemp from Controlled Substance Act, etc. However, the market is not free from challenges that are hindering its growth. Some of the major challenges faced by the market are lack of regulatory clarity and ineffective and unregulated products.

1. Executive Summary

2. Introduction

2.1 Cannabidiol (CBD): An Overview

2.1.1 Impact of CBD
2.1.2 CBD Legality in the US
2.1.3 CBD Products
2.1.4 Side Effects of CBD

2.2 Cannabidiol (CBD) Segmentation: An Overview
2.3 Hemp-derived Cannabidiol (CBD) Segmentation: An Overview

3. The US Market Analysis

3.1 The US CBD Market: An Analysis
3.1.1 The US CBD Market by Value

3.2 The US Hemp-Derived CBD Market: Analysis

3.2.1 The US Hemp-derived CBD Market by Value
3.2.2 The US Hemp-derived CBD Market by Product (Tinctures, Topicals, Vape Oil and Cartridges, Capsules, Pets, Gummies, Beauty and Skincare, Pre-Roll and Others)
3.2.3 The US Hemp-derived Tinctures CBD Market by Value
3.2.4 The US Hemp-derived Topicals CBD Market by Value
3.2.5 The US Hemp-derived Vape Oil and Cartridges CBD Market by Value
3.2.6 The US Hemp-derived Capsules CBD Market by Value
3.2.7 The US Hemp-derived Pets CBD Market by Value
3.2.8 The US Hemp-derived Gummies CBD Market by Value
3.2.9 The US Hemp-derived Beauty and Skincare CBD Market by Value
3.2.10 The US Hemp-derived Pre-Roll CBD Market by Value

4. Impact of Covid-19

4.1 Impact on the US CBD Market

4.1.1 Impact on Operations of CBD Companies
4.1.2 Challenges
4.1.3 Opportunities
4.1.4 Contraction in Prices
4.1.5 Pandemic encouraging Innovation

5. Market Dynamics

5.1 Growth Drivers
5.1.1 Aging Population
5.1.2 Rising Disposable Income
5.1.3 Growing Use of CBD among Millennials
5.1.4 Increasing Prevalence of Arthritis
5.1.5 Removal of Hemp from Controlled Substance Act

5.2 Challenges
5.2.1 Lack of Regulatory Clarity
5.2.2 Ineffective and Unregulated Products

5.3 Market Trends
5.3.1 Use of Blockchain Technology
5.3.2 Rapidly Growing Online Retail

6.Competitive Landscape

6.1 The US CBD Market Players: Primary Competitors Analysis
6.2 The US CBD Players: Financial Comparison
6.3 The US CBD Market Players by Instagram Followers

7. Company Profiles

7.1 CharlotteÂ’s Web Holdings Inc.
7.1.1 Business Overview
7.1.2 Financial Overview
7.1.3 Business Strategy

7.2 CV Sciences Inc.
7.2.1 Business Overview
7.2.2 Financial Overview
7.2.3 Business Strategy

7.3 Reliva CBD Business
7.3.1 Business Overview
7.3.2 Business Strategy

7.4 Eleixinol Global Limited (Elixinol USA)
7.4.1 Business Overview
7.4.2 Financial Overview
7.4.3 Business Strategy

List of Figures

Figure 1: CBD Products
Figure 2: Side Effects of CBD
Figure 3: Cannabidiol (CBD) Segmentation
Figure 4: Hemp-derived Cannabidiol (CBD) Segmentation
Figure 5: The US CBD Market by Value; 2019-2024 (US$ Billion)
Figure 6: The US Hemp-derived CBD Market by Value; 2019-2024 (US$ Billion)
Figure 7: The US Hemp-derived CBD Market by Product; 2019 (Percentage, %)
Figure 8: The US Hemp-derived Tinctures CBD Market by Value; 2019-2024 (US$ Billion)
Figure 9: The US Hemp-derived Topicals CBD Market by Value; 2019-2024 (US$ Billion)
Figure 10: The US Hemp-derived Vape Oil and Cartridges CBD Market by Value; 2019-2024 (US$ Million)
Figure 11: The US Hemp-derived Capsules CBD Market by Value; 2019-2024 (US$ Billion)
Figure 12: The US Hemp-derived Pets CBD Market by Value; 2019-2024 (US$ Million)
Figure 13: The US Hemp-derived Gummies CBD Market by Value; 2019-2024 (US$ Billion)
Figure 14: The US Hemp-derived Beauty and Skincare CBD Market by Value; 2019-2024 (US$ Million)
Figure 15: The US Hemp-derived Pre-Roll CBD Market by Value; 2019-2024 (US$ Million)
Figure 16: The US Aging Population; 2010-2050 (Percentage, %)
Figure 17: The US Per Capita Disposable Personal Income; 2012-2018 (US$ Trillion)
Figure 18: The US MillennialsÂ’ Annual Aggregate Income; 2020-2030 (US$ Trillion)
Figure 19: The US Arthritis Population; 2010-2040 (Million)
Figure 20: The US Blockchain Technology Market; 2016-2020 (US$ Million)
Figure 21: The US CBD Market Players by Instagram Followers; 2018
Figure 22: CharlotteÂ’s Web Holdings, Inc. Revenue; 2016-2019 (US$ Million)
Figure 23: CV Sciences, Inc. Net Product Sales; 2015-2019 (US$ Million)
Figure 24: Elixinol Global Limited Revenue; 2017-2019 (US$ Million)
Figure 25: Elixinol Global Limited Revenue by Region; 2018 (Percentage, %)
Table 1: The US Marijuana-derived CBD Legal Status by State
Table 2: The US CBD Market Players Financial Comparison; 2018

SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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