Cannabidiol (CBD) oil is a natural botanical concentrate that is high in the compound CBD. Of the more than 85 cannabinoids so far identified in the cannabis plant, CBD is the second most common after tetrahydrocannabinol (THC).
This report contains market size and forecasts of Cannabidiol Oil (CBD Oil) in India, highlights the following information:
Sales of Cannabidiol Oil (CBD Oil) in India: Value 2019 VS 2023 VS 2030, ($ millions)
Sales of Cannabidiol Oil (CBD Oil) in India: Volume 2019 VS 2023 VS 2030, (Kg)
Sales of Cannabidiol Oil (CBD Oil) in India: Revenue Market Share by Company, 2019-2024
Sales of Cannabidiol Oil (CBD Oil) in India: Volume Market Share by Company, 2019-2024
India is now the world’s most populous country. According to IMF (its July update to its World Economic Outlook), India’s GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.
India is a market full of opportunities, and the demand for Cannabidiol Oil (CBD Oil) will continue to grow rapidly in the future.
The global Cannabidiol Oil (CBD Oil) market size was valued at 551.2 million in 2023 and is forecast to a readjusted size of US$ 3213.4 million by 2030, with a CAGR of 28.3% during the forecast period 2024-2030.While the India Cannabidiol Oil (CBD Oil) market was valued at US$ million in 2023 and is projected to reach US$ million by 2030, at a CAGR of % during the forecast period. India will account for % percent of Cannabidiol Oil (CBD Oil)'s global value in 2030, from % in 2023.
Our research team has surveyed the Cannabidiol Oil (CBD Oil) manufacturers, suppliers, distributors, and industry experts on this industry, involving the sales, Value, demand, price change, product matrix, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
India Cannabidiol Oil (CBD Oil) Market, By Type, 2019-2024, 2025-2030 ($ Millions) & (Kg)
India Cannabidiol Oil (CBD Oil) Market Segment Percentages, By Type, 2023 (%)
India Cannabidiol Oil (CBD Oil) Market, By Application, 2019-2024, 2025-2030 ($ Millions) & (Kg)
India Cannabidiol Oil (CBD Oil) Market Segment Percentages, By Application, 2023 (%)
The report also provides analysis of leading market participants including:
Key companies Cannabidiol Oil (CBD Oil) revenues in India market, 2019-2024 (Estimated), ($ millions)
Key companies Cannabidiol Oil (CBD Oil) sales in India market, 2019-2024 (Estimated), (Kg)
Further, the report presents profiles of competitors in the market, key players include:
Canopy Growth Corporation