CBD is among the many phytocannabinoids available in the hemp plant having several medicinal properties. Cannabinoids are known to be rich in energy-boosting, anti-aging, immunity-enhancing antioxidants, and other elements. There are several clinical trials being carried out on the consumption of CBD without getting addicted to it and yielding to its ill effects. Researchers, scientists, and doctors across the globe are also supporting the usage of CBD nutraceuticals for medicinal purposes under supervision and prescription. These are the reasons behind the rising demand for CBD products in the global CBD nutraceuticals market.
Based on the research by World Health Organization (WHO), the limited or measured consumption of CBD to treat the illnesses such as epilepsy, depression, anxiety, Alzheimer’s, and others can be beneficial in the treatment. It aids in mitigating general pains and aches coupled with the management of general anxiety and stress. In addition, it helps in reducing pain due to several neurological issues, traumatic brain injuries, fibromyalgia, and inflammatory bowel disease. Thus, these are some of the leading factors boosting the growth of the global CBD nutraceuticals market.
CBD nutraceuticals are known to boost the well-being of people without any serious health issues. Rich in healthy nutrients like fatty acids, amino acids, and dietary fiber, the reduced glycemic index of CBD also makes it suitable for consumption by people suffering from diabetes.
The global CBD nutraceuticals market is broadly segmented into product type, sales channel, and region. Based on product type, the global market is divided into soft gels & capsules, CBD tinctures, CBD gummies, and so on. In terms of sales channel, the market is classified into pharmacies, online stores, and retail stores.
Geographically, North America is estimated to lead the global CBD nutraceuticals market within the forecast period. This is credited to the presence of several industrial pharmacists and key players in the region. Moreover, many foods and supplement companies are also exploring the new avenues provided by CBD nutraceuticals, driving regional growth. In fact, many agricultural departments research institutes, companies, and universities are also showing keen interest in banking upon the opportunities in the market, resulting in high demand in the region. The region is trailed by the Asia Pacific attributed to the increasing research initiatives carried out by the region by the government of various nations. Also, the pharmaceutical industry has been rising in the region, contributing to the growth in the coming years.
Some of the leading players in the global CBD nutraceuticals market are Medical Marijuana, Inc., Diamond CBD, Charlotte’s Web, MEDTERRA, CV Sciences, Inc., Green Roads, Garden of Life, Irwin Naturals, and so on.
Recently, Gaia Herbs a botanical supplements brand has begun sales for its wide range of hemp extract spectrum on the website. This is estimated to roll across in June, regarding the health and natural food stores.