Industry Reports Services Press Release
  •   Blogs
  • Contact us About us

    North America Cannabidiol (CBD) Market Forecast 2027 by Product (Oil, Tinctures, Suppository, Transdermal Patches, Isolates, Tablet, Capsules, Vape Oil, Creams And Roll-On), Application (Anxiety/Stress, Sleep/Insomnia, Chronic Pain, Migraine, Skin Care, Seizures, Joint Pain & Inflammation, Neurological Conditions), Route Of Administration (Oral, Topical, Inhalation, Transdermal Patches, Rectal, Sublingual), Source (Marijuana, Hemp), Distribution Channel (Online, Offline {Hospital Pharmacies, Retail Stores}), Research Report, Country Outlook (U.S., Canada), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
    Published Date: May 2021   |   Report ID: GR1821   |   Delivery: PDF  Request Free Sample

    North America Cannabidiol Market size crossed USD 4.4 billion in 2020 and is set to observe around 33.3% growth rate between 2021 and 2027.

    Cannabidiol occurs naturally in the resinous flower of cannabis. Cannabidiol is a compound derived from hemp and marijuana plants and is used for medicinal purposes. With its proven capabilities to treat a variety of disorders including chronic pain, neurological pain, anxiety, sleep disorder, as well as nausea and stress, cannabidiol is gaining significant popularity among users in the region. As cannabidiol offers a variety of therapeutic advantages, it is also noted to be non-intoxicating.

    North America Cannabidiol (CBD) Market, 2021 & 2027 (USD Mn)

    North America Cannabidiol (CBD) Market, 2021 & 2027 (USD Mn)

    Get more details on this report - Request Free Sample PDF

    As several studies observe the potential advantages of CBD in different fields of medicine, two factors largely contribute to its increasing prominence in the region. The supportive regulatory framework and the wide acceptance from consumers. North America accounts for the largest CBD market across the globe due to its liberal regulatory stance on cannabis products. The introduction of Farm Bill in 2018 legalized virtually every CBD product with less than 0.3% THC content across states in the U.S.

    Further, as it also redefined hemp and hemp-derived products, the policy boosted the North America cannabidiol market demand. However, any other THC composition above 0.3% is considered illegal at a federal level, different states have devised state-level policies to decriminalize the possession and consumption of CBD products.

    The increasing popularity of CBD products among consumers is noted due to the large-scale online advertising of the products. With U.S. and Canada being one of the most technologically advanced countries, consumers are highly aware of the advantages of CBD products and the legal framework surrounding the same.

     North America Market, By Product

    The oil segment accounted for over USD 1 billion in 2020. CBD oil is noted to be largely consumed in the region owing to its widespread benefits for pain related ailments. Another area where CBD oil is witnessing a significant traction from is its growing demand for the treatment of mental disorders such as anxiety and depression.

    According to The National Institute of Mental Health (NIMH), U.S. Department of Health and Human Services, the prevalence of major depressive episode among U.S. adults peaked at over 7.1% in 2017. Depression and anxiety are identified as major health concerns in the country and medications, particularly CBD-derived medications, are increasingly prescribed to the patients.

    North America Market, By Application

    The chronic pain segment in the North America cannabidiol market is anticipated to reach USD 20.6 billion by the end of 2027. CBD products are noted to offer better results for chronic pain when compared to its opioids counterparts. With negligible toxicity and minimal side effects, CBD-derived products are highly gaining prominence as an alternative medication.

    North America Market, By Route of Administration

    The oral route of administration is estimated to remain highly preferred throughout the forecast timeframe. With several products approved by the authorities suggesting oral route of administration, the segment is anticipated to witness a high growth in the coming years. For instance, in July 2020, the U.S. Food and Drug Administration approved a CBD-based formulation, Epidiolex (a pure oral solution), developed by GW Pharmaceuticals, for the treatment of seizures in patients over one year of age. Earlier the drug was previously approved for seizures associated with couple of rare and severe forms of epilepsy. With several products offered in the region are for the oral route of administration, the segment is anticipated to witness a significant demand.

    North America Market, By Source

    North America hemp-derived CBD products are noted to witness relatively smoother regulatory hurdles as the THC content is naturally well within the acceptable limits. The segment is estimated to dominate around 70.8% of the North America cannabidiol market share by 2027 due to the negligible THC content.

    North America Market, By Distribution Channel

    The offline segment will expand at a CAGR of 32.6% through 2027. The growth can be attributed to the higher consumer reliance on offline purchases as compared to online channels. Further, offline mode of distribution also allows a smooth monitoring of CBD products. As the market is in its initial phases, the offline distribution channel is poised to account for a larger North America cannabidiol (CBD) market proportion while its online counterpart is expected to expand with a relatively higher CAGR.

    North America Market, By Country

    U.S. cannabidiol market revenue was over USD 3.8 billion in 2020 and is expected to show significant growth of 33% till 2027. As the U.S. FDA continues to review drugs for approval for the treatment of a variety of disorders, a considerable patient pool is added to the existing patients, potentially expanding the size of the market.

    Additionally, with increasing prevalence of diseases, the adoption of CBD products has witnessed an exponential growth in the country in the recent years and a similar trend is expected to fuel the regional market.

    Competitive Industry Landscape

    Major players operating in North America CBD market are Aurora Cannabis, Canopy Growth Corporation, Cronos Group, CV Sciences, Inc., Medterra and Tilray, among others.

    Companies engage in different organic and inorganic growth strategies to establish and strengthen their market presence in the region. The companies strive to gain competitive advantage in the industry while also enhancing their market share. For instance, in April 2021, The Valens Company announced that it has entered a definitive agreement to acquire Green Roads for nearly USD 60 million. The acquisition grants The Valens Company access into the U.S. market through a well-developed network of Green Roads.

    Frequently Asked Question(FAQ) :

    How will the North America cannabidiol market be impacted through 2027?
    The industry for cannabidiol in North America revenue surpassed USD 4.4 billion in 2020 and will grow at a rate of 33.3% from 2021 to 2027.
    How big is the U.S. cannabidiol (CBD) sector?
    The market for cannabidiol in U.S. value exceeded USD 3.8 billion in 2020 and will expand at a rate of 33% over 2021-2027.
    Why will North America cannabidiol industry record appreciable gains from hemp-derived products?
    Hemp-derived CBD products will capture 70.8% of the North America market value through 2027 as the THC content is naturally within the acceptable limits.
    What are major players in the North America CBD landscape?
    Leading participants in the North America industry comprise Cronos Group, Aurora Cannabis, CV Sciences, Inc., Tilray, Medterra, Canopy Growth Corporation, and others.

    Get this research report on North America Cannabidiol (CBD) Market customized according to your business requirements.

    report-purchase - logo Buy Now

    Why Choose us?

    • on-time delivery On-Time Delivery

      We commit to on-time delivery of reports to keep you ahead.

    • assured quality Assured Quility

      With a wide network of industry experts and trained in-house analysts, we assure best service quality.

    • Custom Research Service

      We offer research services to meet specific client requirements and provide them with actionable insights on target markets.

    • payment security Payment Security

      Our safe payment gateway gives you full control of your personal data, at all times.

    Connect with our sales team


     [email protected]