The cannabidiol (CBD) vape juice market offers a spectrum of choices, categorized by THC content: THC detectable, THC non-detectable, and no THC. Tailored to diverse preferences, dosage options include High, Medium, and Low, accommodating individual needs. This variety not only addresses user preferences but also caters to those seeking different levels of CBD potency. Whether seeking the therapeutic benefits with or without THC, and a desired dose intensity, the market provides a customizable experience for consumers seeking holistic well-being.
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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. The CBD vape juice market is thriving due to a shift in consumer preferences toward holistic and alternative wellness products. As individuals increasingly seek natural and holistic solutions, CBD vape juice emerges as a favored choice, driving market growth.
Key Findings of the Study
Regulatory advancements are expected to drive the market's growth rate
Regulatory advancements propel the global cannabidiol (CBD) vape juice market as progressive regulations and widespread legalization of CBD in diverse regions create new markets and opportunities. This evolving legal landscape fosters a conducive environment for market expansion, encouraging manufacturers and investors to explore and capitalize on the growing acceptance of CBD products. The changing regulatory framework mitigates uncertainties and stimulates the industry's growth trajectory.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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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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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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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)
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Data Points Covered in the Report
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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.
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Segment Analysis:
The global cannabidiol (CBD) vape juice market is segmented into product type, source, flavor, strain, propylene glycol (VG) and vegetable glycerin (PG) ratio, category, dose, tests performed, packaging size, and distribution channel.
- On the basis of product type, the global cannabidiol (CBD) vape juice market is segmented into full spectrum vape juice, broad spectrum vape juice, and CBD isolate vape juice
- On the basis of source, the global cannabidiol (CBD) vape juice market is segmented into hemp and marijuana
- On the basis of flavor, the global cannabidiol (CBD) vape juice market is segmented into flavoured and flavourless
- On the basis of strain, the global cannabidiol (CBD) vape juice market is segmented into indica, sativa, and hybrid
- On the basis of propylene glycol (VG) and vegetable glycerin (PG) ratio, the global cannabidiol (CBD) vape juice market is segmented into 50/50 VG and PG ratio, 60/40 VG and PG ratio, 70/30 VG and PG ratio
- On the basis of category, the global cannabidiol (CBD) vape juice market is segmented into THC detectable, THC non-detectable, and no THC
- On the basis of dose, the global cannabidiol (CBD) vape juice market is segmented into high, medium, and low
- On the basis of tests performed, the global cannabidiol (CBD) vape juice market is segmented into tested for potency and tested for purity
- On the basis of packaging size, the global cannabidiol (CBD) vape juice market is segmented into >30ml, 30ml-60ml, 60ml-100ml, and upto 1000ml
- On the basis of distribution channel, the global cannabidiol (CBD) vape juice market is segmented into online, wellness and natural product stores and medical marijuana dispensaries
Major Players
Data Bridge Market Research recognizes the following companies as the global cannabidiol (CBD) vape juice market players in global cannabidiol (CBD) vape juice market are 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).
Market Developments
- In January 2023, Medical Marijuana, Inc.'s subsidiary, HempMeds Brasil, unveiled two new full-spectrum hemp products in Brazil. These offerings, available in 3,000-6,000 mg concentrations, come in 30 mL and 60 mL jars. This product expansion demonstrates the company's commitment to providing diverse and potent options in the Brazilian market, catering to varying consumer preferences and needs for CBD concentrations
- In April 2022, JustCBD strategically partnered with distribution giant OTG Management, securing a lucrative avenue to sell CBD products in airports. This partnership has proven instrumental in expanding JustCBD's market reach, tapping into a new customer base within the bustling airport environment. The agreement with OTG Management has provided JustCBD with increased visibility and accessibility, positioning the company to cater to the diverse and captive audience frequenting airports
- In October 2021, Koi CBD significantly expanded its product offerings by introducing new lines of world-class hemp products featuring full spectrum and delta eight options. This strategic launch encompassed tinctures, gummies, and vape juices, diversifying Koi CBD's product portfolio. By incorporating these innovative additions, the company not only met evolving consumer demands but also strengthened its market position with a broader range of premium hemp-based offerings
- In November 2021, High Tide, Inc. finalized its acquisition of an 80% stake in NuLeaf Naturals, LLC, with an additional option to acquire the remaining ownership within three years. This marked High Tide's sixth acquisition in the global e-commerce sector and its third venture into the CBD space. The strategic move further solidifies High Tide's position in the online marketplace and strengthens its presence in the expanding CBD industry
Regional Analysis
Geographically, the countries covered in the global cannabidiol (CBD) vape juice market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in the global cannabidiol (CBD) vape juice market during the forecast period 2023-2030
In North America, the U.S. dominates the global cannabidiol (CBD) vape juice market from 2023 to 2030. This supremacy is attributed to the escalating adoption of E-cigarettes. The evolving trend towards vaping, particularly CBD-infused products, positions the U.S. as a major player, contributing significantly to the market's growth and dominance during the forecast period.
Asia-Pacific is expected to dominate the global cannabidiol (CBD) vape juice market in the forecast period 2023-2030
The Asia-Pacific region is expected to dominate the global cannabidiol (CBD) vape juice market, sustaining its dominance from 2023 to 2030. Japan is anticipated to be a key driver, fueled by increasing awareness of the health benefits associated with CBD vape juice usage. The region's embrace of these products positions it as a powerhouse, contributing significantly to the market's growth and affirming its prominence throughout the forecast period.
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