+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

CBD Product Manufacturing in the US - Industry Market Research Report

  • PDF Icon

    Report

  • 72 Pages
  • September 2024
  • Region: United States
  • IBISWorld
  • ID: 5576201

Getting high: Increasingly favorable consumer attitudes to industry products are expected to benefit the industry

In 2018, CBD products became legal at the federal level. Prior to this, CBD products were illegal at the federal level but legal in many states and with increased frequency. As a result, many areas had a framework in place, so robust growth followed. Still, with states increasingly legalizing CBD products prior to the federal legalization, explosive growth had been ongoing. As the pandemic hit, consumers reduced spending, and CBD producers contended with possibilities of a saturated market. More likely, the industry is normalizing, indicated by relatively slower growth in recent years. Over the past five years, revenue has been growing at a CAGR of 19.9% and is estimated to reach $1.3 billion in 2023 when revenue growth will slow to 0.7%.

Companies in this industry use hemp to produce cannabidiol (CBD) oil, which is used to create supplements, foods and concentrates.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES

OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY

Methodology

Loading
LOADING...