Cannabidiol Supplements Market To Register A Robust Growth Rate During The Forecast Period 2019 - 2029

10/feb/2020 10:59:13 persistencemarketresearch Contatta l'autore

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Cannabidiol are obtained from hemp plant and are known for their antipsychotic properties. Cannabidiol are widely used in the treatment of neuropsychiatric disorders such as epilepsy, schizophrenia, etc. Cannabinoids are also used in treating anxiety, insomnia, and depression. There is an increasing demand for cannabidiol globally due to its several benefits and applications.

Cannabidiol are used in cosmetics, food and beverages, and therapeutic medicines. Market players are trying to expand the therapeutic application of cannabidiol thus creating more opportunity and scope for the growth of the cannabidiol supplements market in the future. Epidiolex is the first FDA approved cannabidiol drug in the market.

Rising prevalence of diseases like epilepsy, schizophrenia are the major factors driving growth of the cannabidiol supplements market. Increasing use of cannabidiol in skincare products is further anticipated to surge the growth of the cannabidiol supplements market.

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The cosmetics skincare products infused with cannabidiol improves anti-aging properties of the cosmetics and helps in natural healing of skin. Growing demand of cannabidiol in pharmaceutical products is supporting the growth of the cannabidiol supplements market.

Increasing legalization of cannabidiol for medicinal use is further expected to aid in the growth of the cannabidiol supplements market. The increasing demand for cannabidiol in food and beverages industries as a supplement is further aiding the cannabidiol supplements market growth. Intensive research and development activities to expand the therapeutic applications of cannabidiol is anticipated to support the growth of the cannabidiol supplements market.

The presence of huge number of market players are further anticipated to boost the growth of the cannabidiol supplements market. However there are several side-effects associated with the usage of cannabidiol such as diarrhea, headaches, fatigue etc., which in turn hamper the growth of the cannabidiol supplements market.

The cannabidiol supplements market is segmented on the basis of Product type, application, form, and distribution channel.

Based on Product type, the cannabidiol supplements market is segmented into

  • Food and beverages
  • Medicines and therapeutics
  • Skincare products
  • others

Based on Application, the cannabidiol supplements market is segmented into

  • Epilepsy
  • Multiple sclerosis
  • Bipolar disorder
  • Schizophrenia
  • Parkinson disease
  • Others 

 

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