Cannabinoid is a unique compound. There are two types of cannabinoid namely CB1 and CB2. Cannabinoid CB2 is a 7-Transmembrane receptor (a protein that contains 7 membrane-spanning helices). The products that contain cannabinoid receptor 2 are known as cannabinoid CB2 products. Cannabinoid CB2 belongs to the family of G-protein receptors. There are various kinds of cannabinoid CB2 products available in the market such as cannabinoid hemp oil and cannabinoidol tincture. Cannabinoid is found in the hemp plant, and the plant is illegal in few countries. Cannabinoid has antioxidant, anti-inflammatory, antiviral and antiepileptic properties. The cannabinoid CB2 products act on the body’s endocannabinoid system which results in an anti-inflammatory action.
Health Benefits of Cannabinoid CB2 Products
Cannabinoid CB2 products are used for various health-related problems. As cannabinoid possesses anti-inflammatory, antioxidant, antiepileptic and antiviral properties, it is used as a remedy to cure various diseases. Cannabinoid CB2 products are used for chronic and neuropathic pain. Cannabinoid CB2 products are also used to treat skin problems such as dermatitis, psoriasis, eczema, itchiness, dryness. In addition, it is also recommended for photoaged skin. Cannabinoid CB2 products are also used to treat arthritis. Bound to all the above factors, the cannabinoid CB2 products is anticipated to grow positive in terms of value and volume in the forecast period.
Global Cannabinoid CB2 products: Market Segmentation
On the basis of sources, the global cannabinoid CB2 products market has been segmented as-
On the basis of form, the global cannabinoid CB2 products market has been segmented as:
On the basis of the distribution channel, the global cannabinoid CB2 products market has been segmented as-
- Store-Based Retailing
- Health Care stores
- Online stores
Global Cannabinoid CB2 products: Key Players
Some of the major key players of the cannabinoid CB2 products include Hebe Botanicals Limited, Creso Pharma Ltd, Boulder Botanical & Bioscience Laboratories Inc., BLUE Sky Biologicals, Folium Biosciences, Green Roads of Florida, LLC, Serenity CBD, LLC, etc. More manufacturers and industrialists have been showing a keen interest in cannabinoid CB2 products which would be escalating demand among consumers during the forecast period.
Opportunities for Market Participants:
Cannabinoid CB2 products have vitalizing demand among consumers all over the world for neurological benefits. In addition, the cannabinoid CB2 products has the anti-inflammatory property which help in treating various diseases such as arthritis. Cannabinoid CB2 products are also used for skin diseases. An increasing number of people are suffering from arthritis and skin diseases all over the world, and this has a significant impact on the cannabinoid CB2 products market. Due to infrastructure supply chains and expanding distribution channels, it is anticipated that there would be higher returns for the investors of cannabinoid CB2 products during the forecast period.
Global Cannabinoid CB2 products: A Regional Outlook
The cannabinoid CB2 products have massive demands across the globe due to its growing applications in health care products. Globally, among all regions, cannabinoid CB2 products is highly consumed in the United States. Due to growing Physiological problems, the demand for cannabinoid products is increasing globally. In the region of North America, the cannabinoid CB2 products are highly used in health care. In the Asia Pacific, the increasing demand for cannabinoid CB2 products in pharmaceutical industries has contributed to the positive growth of the cannabinoid CB2 products market. In some regions of the world, cannabinoid products have regulations. But due to the benefits in botanicals, it is gradually legalizing all over the world. By considering all the above factors, it is expected that the global cannabinoid CB2 products market would grow positive during the upcoming years.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.