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Global CBD API Market “(By product type: Full spectrum CBD, Broad-spectrum CBD, CBD isolate, Water Dispersible CBD Powder, Others; By indication (Alzheimer's Disease, Autism, Cancer, Chronic Pain, Epilepsy, Migraine, Multiple Sclerosis, Schizophrenia, Others)” - Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2030

A renowned research company, Cognizance Market Research, recently added a cutting-edge market report on the “Global CBD API Market.” The report studies the current as well as past growth trends and opportunities for the market to gain valuable insights during the forecast period from 2023 to 2030.

Global CBD API market Analysis

According to cognizance market research the global CBD API market is expected to register a CAGR of 41.3% from 2023 to 2030.

cbd api market

What is Global CBD API System?

Cannabidiol, sometimes known as CBD, is the second most common active ingredient in cannabis (marijuana). The hemp plant, a related of the marijuana plant, is used to extract CBD, an essential component of medical marijuana, or it can be synthesised in a lab. One of the thousands of substances in marijuana, CBD, does not produce a “high” by itself. In accordance with World Health Organization studies, “In humans, CBD has no psychotropic or habit-forming properties. As of right moment, there are no signs that consuming pure CBD is harmful to the general public’s health.” A number of medical ailments have received CBD recommendations. The greatest scientific data, however, points to its success in treating some of the most severe forms of childhood epilepsy, like Dravet syndrome and Lennox-Gastaut syndrome (LGS), which frequently do not respond to anticonvulsant medications. Research on cannabidiol has focused on a number of neurological disorders. To establish such uses in clinical practise, the findings, however, have not been independently validated.

Global CBD API market Outlook

Natural chemical cannabidiol (CBD) is derived from cannabis. While cannabis contains more than one hundred other cannabinoids, including lesser-known CBN and CBG and tetrahydrocannabinol (THC), CBD is the most well-known. The body’s numerous cell receptors that CBD binds to both directly and indirectly demonstrate the extent of its medical potential. Research on cannabidiol (CBD) is progressing quickly and offers clinical support for the body, mind, and emotions of people. Each cannabinoid has distinct qualities, therapeutic potential, chemical properties, and benefits. Due to its adaptability and tolerance, CBD is regularly extracted and produced into CBD-based oils, tinctures, topical creams, and edibles.

CBD is comparable to other cannabinoids in that it also interacts with the endocannabinoid system (ECS) to create therapeutic effects. All mammals have an intricate cell signalling system called the ECS, which is made up of endocannabinoids and receptors. Many biological systems, including emotion, sleep, and immune response, are regulated by CBD. Because it causes a variety of negative effects, cannabidiol is particularly sensitive to the human body. For the treatment of seizures brought on by Lennox-Gastaut syndrome (LGS), Dravet syndrome, or tuberous sclerosis complex (TSC) in people one year and older, EPIDIOLEX is the first prescription CBD product approved by the FDA. It signifies that its safety and efficacy profile have been thoroughly investigated in clinical investigations.

Segment Analysis:

The global CBD API market has been segmented into product type, indication, and geography. Based on the product type the CBD API market is further segmented into Broad Spectrum CBD, Full Spectrum CBD, CBD isolate, and others. On the basis of indication, the global CBD API market is further sub segmented into  Alzheimer’s Disease, Autism, Cancer, Chronic Pain, Epilepsy, Migraine, Multiple Sclerosis, Schizophrenia, and Others.

Geographical Analysis:

The North America, Asia Pacific, Europe, Latin America, and Middle East & Africa are the five major geographic regions that make up the global CBD API Market. North America dominated the market in 2021 with a revenue share of over 70% and will keep holding the top spot going forward. Some of the key variables influencing the regional market are the presence of a sizable population of health-conscious individuals, the growing acceptance of CBD-based products, the presence of significant manufacturers, and the ratification of the U.S. Farm Bill in 2020. North America is the most progressive region for cannabis and its by-products, such as cannabidiol. The most CBD businesses are located there, and the laws governing the use of CBD products are lax.

geographical analysis

The report offers the revenue of the global CBD API market for the period 2020-2030, considering 2020 & 2021 as a historical year, 2022 as the base year and 2023 to 2030 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global CBD API market for the forecast period. The global CBD API market report provides insights and in-depth analysis into developments impacting enterprises and businesses on a regional and global level. The report covers the global CBD API market performance in terms of revenue contribution from several segments and comprises a detailed analysis of key drivers, trends, restraints, and opportunities prompting revenue growth of the global CBD API Market.

The report has been prepared after wide-ranging secondary and primary research. Secondary research included internet sources, numerical data from government organizations, trade associations, and websites. Analysts have also employed an amalgamation of bottom-up and top-down approaches to study numerous phenomena in the global CBD API market. Secondary research involved a detailed analysis of significant players’ product portfolio. Literature review, press releases, annual reports, white paper, and relevant documents have been also studied to understand the global CBD API market. Primary research involved a great extent of research efforts, wherein experts carried out interviews telephonic as well as questioner-based with industry experts and opinion-makers.

The report includes an executive summary, along with a growth pattern of different segmented included in the scope of the study. The Y-o-Y analysis with elaborate market insights has been provided in the report to comprehend the Y-o-Y trends in the global CBD API market. Additionally, the report focuses on altering competitive dynamics in the global market. These indices serve as valued tools for present market players as well as for companies interested in participating in the global CBD API market. The subsequent section of the global CBD API report highlights the USPs, which include key industry events (Type launch, research partnership, acquisition, etc.), technology advancements, pipeline analysis, prevalence data, and regulatory scenario.

Global CBD API Market Competitive Landscape

Some of the major companies are:

  • Averix Bio, LLC
  • Bedrocan
  • Biosyyd, UAB
  • BIOVECTRA Inc.
  • brains bioceutical
  • Colombian Golden
  • DSM
  • EndoPure
  • Eurofins
  • Folium Biosciences
  • GVB Biopharma
  • Jordan Process
  • KD Pharma Group
  • Kinetochem
  • KND Labs

Pharmaceutical companies have a chance to add another portfolio of medicines to their current pipelines as a result of the increasing number of clinical studies on the CBD to ascertain its efficacy for diverse ailments.

The report explores the competitive scenario of the global CBD API Market. Major players operating in the global CBD API market have been identified and profiled for unique commercial attributes.

Segmentation:

Global CBD API Market, by product Type

  • Full spectrum CBD
  • Broad-spectrum CBD
  • CBD isolate
  • Water Dispersible CBD Powder
  • Others

Global CBD API Market, by indication

  • Alzheimer’s Disease
  • Autism
  • Cancer
  • Chronic Pain
  • Epilepsy
  • Migraine
  • Multiple Sclerosis
  • Schizophrenia
  • Others

Global CBD API Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of Middle East & Africa
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Table of Content

Research Methodology: Aspects

Market research is a crucial tool for organizations aiming to navigate the dynamic landscape of customer preferences, business trends, and competitive landscapes. At Cognizance Market Research, acknowledging the importance of robust research methodologies is vital to delivering actionable insights to our clientele. The significance of such methodologies lies in their capability to offer clarity in complexity, guiding strategic management with realistic evidence rather than speculation. Our clientele seek insights that excel superficial observations, reaching deep into the details of consumer behaviours, market dynamics, and evolving opportunities. These insights serve as the basis upon which businesses craft tailored approaches, optimize product offerings, and gain a competitive edge in an ever-growing marketplace.

The frequency of information updates is a cornerstone of our commitment to providing timely, relevant, and accurate insights. Cognizance Market Research adheres to a rigorous schedule of data collection, analysis, and distribution to ensure that our reports reflect the most current market realities. This proactive approach enables our clients to stay ahead of the curve, capitalize on emerging trends, and mitigate risks associated with outdated information.

Our research process is characterized by meticulous attention to detail and methodological rigor. It begins with a comprehensive understanding of client objectives, industry dynamics, and research scope. Leveraging a combination of primary and secondary research methodologies, we gather data from diverse sources including surveys, interviews, industry reports, and proprietary databases. Rigorous data analysis techniques are then employed to derive meaningful insights, identify patterns, and uncover actionable recommendations. Throughout the process, we remain vigilant in upholding the highest standards of data integrity, ensuring that our findings are robust, reliable, and actionable.

Key phases involved in in our research process are mentioned below:

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Understanding Clients’ Objectives:

Extensive Discussions and Consultations:

  • We initiate in-depth discussions and consultations with our clients to gain a comprehensive understanding of their objectives. This involves actively listening to their needs, concerns, and aspirations regarding the research project.
  • Through these interactions, we aim to uncover the underlying motivations driving their research requirements and the specific outcomes they hope to achieve.

Industry and Market Segment Analysis:

  • We invest time and effort in comprehensively understanding our clients’ industry and market segment. This involves conducting thorough research into market trends, competitive dynamics, regulatory frameworks, and emerging opportunities or threats.
  • By acquiring a deep understanding of the broader industry landscape, we can provide context-rich insights that resonate with our clients’ strategic objectives.

Target Audience Understanding:

  • We analyze our clients’ target audience demographics, behaviors, preferences, and needs to align our research efforts with their consumer-centric objectives. This entails segmenting the audience based on various criteria such as age, gender, income level, geographic location, and psychographic factors.
  • By understanding the nuances of the target audience, we can tailor our research methodologies to gather relevant data that illuminates consumer perceptions, attitudes, and purchase intent.

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Identifying Challenges and Opportunities:

  • We proactively identify the challenges and opportunities facing our clients within their respective industries. This involves conducting SWOT (Strengths, Weaknesses, Opportunities, Threats) analyses and competitive benchmarking exercises.
  • By identifying potential obstacles and growth drivers, we can provide strategic recommendations that help our clients navigate complexities and capitalize on emerging opportunities effectively.

Grasping Specific Goals:

  • We delve into the intricacies of our clients’ objectives to gain clarity on the specific goals they aim to accomplish through the research. This entails understanding their desired outcomes, such as market expansion, product development, or competitive analysis.
  • By gaining a nuanced understanding of our clients’ goals, we can tailor our research approach to address their unique challenges and opportunities effectively.

Data Collection:

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Primary Research Process:

  • Surveys: We design and administer surveys tailored to capture specific information relevant to our clients’ objectives. This may involve employing various survey methodologies, such as online, telephone, or face-to-face interviews, to reach target audiences effectively.
  • Interviews: We conduct structured or semi-structured interviews with key stakeholders, industry experts, or target consumers to gather in-depth insights and perspectives on relevant topics. These interviews allow us to probe deeper into specific issues and uncover valuable qualitative data.
  • Focus Groups: We organize focus group discussions with carefully selected participants to facilitate interactive discussions and gather collective opinions, attitudes, and preferences. This qualitative research method provides rich contextual insights into consumer behaviors and perceptions.
  • Observations: We conduct observational research by directly observing consumer behaviors, interactions, and experiences in real-world settings. This method enables us to gather objective data on consumer actions and reactions without relying on self-reported information.

Secondary Research Process:

  • Literature Review: We conduct comprehensive literature reviews to identify existing studies, academic articles, and industry reports relevant to the research topic. This helps us gain insights into previous research findings, theoretical frameworks, and best practices.
  • Industry Reports: We analyze industry reports published by reputable trade associations (whitepapers, research studies, etc.), and government agencies (U.S. Census Bureau, Bureau of Labor Statistics, and Securities and Exchange Commission etc.) to obtain macro-level insights into market trends, competitive landscapes, and industry dynamics.
  • Government Publications: We review government publications, such as economic reports, regulatory documents, and statistical databases, to gather relevant data on demographics, market size, consumer spending patterns, and regulatory frameworks.
  • Online Databases: We leverage online databases, such as industry portals, and academic repositories (PubMed Central (PMC), ScienceDirect, SSRN (Social Science Research Network), Directory of Open Access Journals (DOAJ), NCBI, etc.), to access a wide range of secondary data sources, including market statistics, financial data, and industry analyses.

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Data Analysis:

The data analysis phase serves as a critical juncture where raw data is transformed into actionable insights that inform strategic decision-making. Through the utilization of analytical methods such as statistical analysis and qualitative techniques like thematic coding, we uncover patterns, correlations, and trends within the data. By ensuring the integrity and validity of our findings, we strive to provide clients with accurate and reliable insights that accurately reflect the realities of the market landscape.

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Transformation of Raw Data:

  • Upon collecting the necessary data, we transition into the data analysis phase, where raw data is processed and transformed into actionable insights. This involves organizing, cleaning, and structuring the data to prepare it for analysis.

Utilization of Analytical Methods:

  • Depending on the research objectives, we employ a diverse range of analytical methods to extract meaningful insights from the data. These methods include statistical analysis, trend analysis, regression analysis, and qualitative coding.

Statistical Analysis:

  • Statistical tools are instrumental in uncovering patterns, correlations, and trends within the data. By applying statistical techniques such as descriptive statistics, hypothesis testing, and multivariate analysis, we can discern relationships and derive valuable insights.

Qualitative Analysis Techniques:

  • In addition to quantitative analysis, we leverage qualitative analysis techniques to gain deeper insights from qualitative data sources such as interviews or open-ended survey responses. One such technique is thematic coding, which involves systematically categorizing and interpreting themes or patterns within qualitative data.

Integrity and Validity Maintenance:

  • Throughout the analysis process, we maintain a steadfast commitment to upholding the integrity and validity of our findings. This entails rigorous adherence to established methodologies, transparency in data handling, and thorough validation of analytical outcomes.

Data Validation:

The final phase of our research methodology is data validation, which is essential for ensuring the reliability and credibility of our findings. Validation involves scrutinizing the collected data to identify any inconsistencies, errors, or biases that may have crept in during the research process. We employ various validation techniques, including cross-referencing data from multiple sources, conducting validity checks on survey instruments, and seeking feedback from independent experts or peer reviewers. Additionally, we leverage internal quality assurance protocols to verify the accuracy and integrity of our analysis. By subjecting our findings to rigorous validation procedures, we instill confidence in our clients that the insights they receive are robust, reliable, and trustworthy.

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Importance of Data Validation:

  • Data validation is the final phase of the research methodology, crucial for ensuring the reliability and credibility of the findings. It involves a systematic process of reviewing and verifying the collected data to detect any inconsistencies, errors, or biases.

Scrutiny of Collected Data:

  • The validation process begins with a thorough scrutiny of the collected data to identify any discrepancies or anomalies. This entails comparing data points, checking for outliers, and verifying the accuracy of data entries against the original sources.

Validation Techniques:

  • Various validation techniques are employed to ensure the accuracy and integrity of the data. These include cross-referencing data from multiple sources to corroborate findings, conducting validity checks on survey instruments to assess the reliability of responses, and seeking feedback from independent experts or peer reviewers to validate the interpretation of results.

Internal Quality Assurance Protocols:

  • In addition to external validation measures, internal quality assurance protocols are implemented to further validate the accuracy of the analysis. This may involve conducting internal audits, peer reviews, or data validation checks to ensure that the research process adheres to established standards and guidelines.

Report Scope:

Attribute

Description

Market Size

US$ 350.34 Million (2030)

Compound Annual Growth Rate (CAGR)

41.30%

Base Year

2022

Forecast Period

2023-2030

Forecast Units

Value (US$ Million)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Geographies Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Countries Covered

U.S., Canada, Germany, U.K., France, Spain, Italy, Rest of Europe, Japan, China, India, Australia & New Zealand, South Korea, Rest of Asia Pacific, Brazil, Mexico, Rest of Latin America, GCC, South Africa, Rest of Middle East & Africa

Key Companies Profiled

Averix Bio, LLC, Bedrocan, Biosyyd, UAB, BIOVECTRA Inc., brains bioceutical, Colombian Golden, DSM, EndoPure, Eurofins, Folium Biosciences, GVB Biopharma, Jordan Process, KD Pharma Group, Kinetochem, KND Labs

Key Questions Answered in CBD API Market Report

Averix Bio, LLC, Bedrocan, Biosyyd, UAB, BIOVECTRA Inc., brains bioceutical, Colombian Golden, DSM, EndoPure, Eurofins, Folium Biosciences, GVB Biopharma, Jordan Process, KD Pharma Group, Kinetochem, KND Labs

Trends: The increasing acceptance of CBD for medical and wellness purposes in various countries has driven demand for CBD APIs. As more regions legalize or regulate CBD, the market is expanding.

Drivers: An increased awareness of health and wellness, along with a preference for natural remedies, is driving the demand for CBD-based products.

Opportunities: Collaborations with research institutions, pharmaceutical companies, and other stakeholders can lead to the development of new CBD-based therapies and products.

Challenges: The CBD market is becoming increasingly competitive, with many new entrants. Companies need to differentiate their products and establish brand trust.

The CAGR is anticipated to be 41.3% during the forecast period.

The U.S. was one of the leading players in the CBD API market due to its significant production of hemp and cannabis, coupled with a growing demand for CBD products for both medical and wellness purposes. The 2018 Farm Bill legalized hemp cultivation, further boosting the industry.

The pharmaceutical segment had significant potential for growth as researchers were exploring the therapeutic benefits of CBD for various medical conditions. If CBD-based pharmaceuticals gained regulatory approval for specific indications, it could lead to substantial revenue in this segment.

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