The Cannabidiol (CBD) vape juice market report delves into key player company profiles, meticulously assessing their core strengths and illustrating a competitive landscape within the market. This comprehensive report is a professional dive into primary and secondary drivers, market share dynamics, sizing, leading segments, and geographical analyses. Offering paramount market insights, this Cannabidiol (CBD) vape juice market research report acts as a catalyst, propelling businesses toward the pinnacle of growth and success. It encompasses vital industry trends, market sizing, and market share analysis, paving the way for uncovering the most promising market opportunities critical for your business's prosperity.
Armed with insightful market data and information, this Cannabidiol (CBD) vape juice market research report becomes a guiding compass for businesses, enabling better decision-making and strategic definition. Covering fluctuations in Compound Annual Growth Rate (CAGR) throughout the forecast period, historical data, current trends, market environments, technological innovations, and forthcoming industry advancements, this report serves as a gateway to understanding the landscape of the Food & Beverage industry. It elucidates market definitions, classifications, applications, engagements, and trends, offering a comprehensive view that unlocks new horizons for success. This report acts as a fundamental key for businesses aspiring to reach unprecedented levels of achievement.
Data Bridge Market Research analyses that the global cannabidiol (CBD) vape juice market, was valued at USD 2,865.75 million, by 2022 and is expected to reach the value of USD 73,984.32 billion by 2030, at a CAGR of 58.7% during the forecast period of 2023 to 2030.
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Overview of Cannabidiol (CBD) vape juice market:
CBD vape juices, also known as CBD e-liquid or CBD vape oil, are liquids containing CBD used in e-cigarettes. These liquids are vaporized by the e-cigarette. When consumers inhale the vape juice, cannabidiol (CBD) enters their lungs, infusing the CBD into the bloodstream. CBD vape juices contain a few simple ingredients such as PG (propylene glycol), VG (vegetable glycerin), CBD extract, and the flavors used in e-liquids.
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Dynamics and Growth Drivers of Cannabidiol (CBD) vape juice market:
Increasing Health Benefits by the Usage of Cannabidiol (CBD) Vape Juice
The cannabidiol (CBD) vape juice is manufactured from the non-intoxicating extract of marijuana or hemp, which is mainly prescribed for relief from intractable pain. Along with this, cannabidiol (CBD) vape juice helps treat the anxiety problems that have become among human beings nowadays due to the increased level of stress. The recreational benefits of the marijuana plants from which the cannabidiol (CBD) vape juice is extracted help improve the quality of the cannabidiol (CBD) vape juice.
Due to the increasing health benefits of using cannabidiol (CBD) vape juice, the manufacturers of cannabidiol (CBD) vape juice are enhancing the level of extraction to fulfil the increased demand.
Growing Demand for Cannabidiol (CBD) Vape Juice in the Medical Industry
Cannabidiol (CBD) vape juice has been considered the most advanced product in the treatment of epilepsy. The CBD is also used for anxiety, pain, and muscle disorders called dystonia, Parkinson's, Crohn's, and many other conditions. The therapeutic benefit of cannabidiol (CBD) vape juice involves the potential of terpenes and other cannabis phytochemicals, which provides various health benefits. Medical agencies are studying the natural benefits of CBD. As the cannabidiol (CBD) vape juice is considered a natural remedy that is considered to be powerful and safe for the treatment of various health issues.
Opportunity
Growing Incidence of Psychological Disorders
There is an increase in incidences of psychological disorders such as anxiety disorders, including panic disorder, obsessive-compulsive disorder phobias, and depression.
Psychological disorders are characterized by loss of interest or pleasure, sadness, feelings of guilt or low self-worth, poor concentration, disturbed sleep or appetite, and tiredness. People with depression may also have multiple physical complaints with no apparent physical cause. Depression can be recurrent or long-lasting. Also, depression can adversely affect people's ability to function at school or work and cope with daily life. At its most severe, depression can lead to suicide.
Regional Analysis/Insights of Cannabidiol (CBD) vape juice market:
The U.S. is expected to dominate North America in terms of market share and market revenue and will continue to flourish its dominance during the forecast period 2023-2030. This is due to the growing usage of E-cigarettes. Japan is projected to dominate the Asia-Pacific in terms of market share and market revenue and will continue to flourish its dominance during the forecast period 2023-2030. This is due to the growing health benefits of the usage of CBD vape juice.
The U.K. is expected to dominate Europe in terms of market share and market revenue and will continue to flourish its dominance during the forecast period 2023-2030. This is due to rising awareness about the negative impacts of tobacco smoking on health.
The major companies which are dealing in the Cannabidiol (CBD) vape juice market:
CBDfx (U.S.)
HempBombs (U.S.)
Koi CBD (U.S.)
Savage CBD (U.S.)
ERTH WELLNESS (U.S.)
Hemplucid (U.S.)
VaporFi (U.S.)
JustCBD (U.S.)
NU-X CBD (China)
Le petit vapoteur (France)
Pure CBD Vapors (U.S.)
Vape Dinner Lady (Germany)
CBD GENESIS (U.S.)
Malaya Hemp (Malaysia)
Blue Moon Hemp (U.S.)
FUSION CBD PRODUCTS (U.S.)
Marry Jane (Canada)
Key Market Perspectives:
Thorough examination of prevailing market tendencies
Updates on the latest product advancements and innovations
Cannabidiol (CBD) vape juice market's Compound Annual Growth Rate (CAGR) for both historic and forecasted years
Strategies and activities of prominent players and brands in the field
Insights into the industry landscape for emerging participants
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Segmentation of Cannabidiol (CBD) vape juice market:
By Product Type (Full Spectrum Vape Juice, Broad Spectrum Vape Juice, CBD Isolate Vape Juice), Source (Hemp and Marijuana), Strain (Indica, Sativa, And Hybrid), Propylene Glycol (VG) and Vegetable Glycerin (PG) Ratio (50/50 VG and PG Ratio, 60/40 VG and PG Ratio, 70/30 VG and PG Ratio), Category (THC Detectable, THC Non-Detectable, and No THC), Dose (High, Medium and Low), Flavour (Flavoured and Flavourless), Test Performed (Tested For Potency and Tested For Purity), Packaging Size (>30ML, 30ML-60ML, 60ML-100ML, UPTO 1000ML), Distribution Channel (Online, Wellness and Natural Product Stores and Medical Marijuana Dispensaries)
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