Cannabidiol Market – Japan
Market Statistics
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 13.30% (2024-2032)
According to the IMARC Group, Japan cannabidiol market size is projected to exhibit a growth rate (CAGR) of 13.30% during 2024-2032. This market is growing due to increasing consumer interest in wellness products, regulatory support, and the rise of CBD-infused health, beauty, and food products.
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Japan Cannabidiol Market Trends and Drivers:
Key Growth Drivers
Health Benefits Awareness: Growing consciousness of the potential health benefits of cannabidiol.
Regulatory Changes: Evolving regulatory frameworks are facilitating market growth.
Market Demand
Wellness and Personal Care: Increasing acceptance and demand for cannabidiol products in wellness and personal care sectors.
Youth and Wellness Enthusiasts: Strong interest among younger demographics and wellness enthusiasts attracted to cannabidiol's therapeutic properties without THC's psychoactive effects.
Influences and Trends
Global Wellness Trends: Influence of global wellness trends and positive scientific research on cannabidiol.
Regulatory Developments: Progressive stance of government authorities allowing the use of THC-free cannabidiol derived from hemp.
Industry Investment: Increased investment in the cannabidiol industry by both domestic and international companies.
Quality and Safety
High-Quality Products: Proliferation of high-quality CBD products due to regulatory clarity.
Quality Standards: Establishment of strict quality standards and testing protocols ensuring safety and efficacy, boosting consumer confidence.
Accessibility and Distribution
Distribution Channels: Expansion of distribution channels, including online platforms and specialty stores, making cannabidiol products more accessible.
Market Outlook: These factors are anticipated to drive the Japan cannabidiol market over the forecasted period.
Japan Cannabidiol Market Segmentation:
The report has segmented the market into the following categories:
Breakup By Product:
CBD Oil
CBD Isolates
CBD Concentrates
Others
Breakup By Source Type:
Marijuana
Hemp
Breakup By Grade:
Food Grade
Therapeutic Grade
Breakup By Sales Type:
B2B
B2C
Breakup By Region:
Kanto Region
Kansai/Kinki Region
Central/ Chubu Region
Kyushu-Okinawa Region
Tohoku Region
Chugoku Region
Hokkaido Region
Shikoku Region
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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Key Highlights of the Report:
Market Performance (2018-2023)
Market Outlook (2024-2032)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive
Note: If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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