Global Cannabidiol (CBD) Vape Juice Market, By 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) - Industry Trends and Forecast to 2030.
Cannabidiol (CBD) Vape Juice Market Analysis and Size
Rising disposable income, growing consumption per capita, and changing dietary style of consumers across the globe are the major factors fostering the growth of the global cannabidiol (CBD) vape juice market. Changing lifestyles and rising awareness about cannabidiol (CBD) vape juice's health benefits are other factors that may act as market growth determinants. Increasing demand for e-liquid and e-cigarettes will further create lucrative opportunities for growth in the global cannabidiol (CBD) vape juice market.
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. 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.
Cannabidiol (CBD) Vape Juice Market Scope and 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 Million, 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, Sweden, Poland, Denmark, 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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Market Opportunities
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Market Definition
CBD vape juices, also known as CBD e-liquid or CBD vape oil, are liquids containing CBD used in e-cigarettes. These liquids are vaporized by the e-cigarette. When consumers inhale the vape juice, cannabidiol (CBD) enters their lungs, infusing the CBD into the bloodstream. CBD vape juices contain a few simple ingredients such as PG (propylene glycol), VG (vegetable glycerin), CBD extract, and the flavors used in e-liquids.
Global Cannabidiol (CBD) Vape Juice Market Dynamics
Drivers
- Increasing Health Benefits by the Usage of Cannabidiol (CBD) Vape Juice
The cannabidiol (CBD) vape juice is manufactured from the non-intoxicating extract of marijuana or hemp, which is mainly prescribed for relief from intractable pain. Along with this, cannabidiol (CBD) vape juice helps treat the anxiety problems that have become among human beings nowadays due to the increased level of stress. The recreational benefits of the marijuana plants from which the cannabidiol (CBD) vape juice is extracted help improve the quality of the cannabidiol (CBD) vape juice.
Due to the increasing health benefits of using cannabidiol (CBD) vape juice, the manufacturers of cannabidiol (CBD) vape juice are enhancing the level of extraction to fulfil the increased demand.
- Growing Demand for Cannabidiol (CBD) Vape Juice in the Medical Industry
Cannabidiol (CBD) vape juice has been considered the most advanced product in the treatment of epilepsy. The CBD is also used for anxiety, pain, and muscle disorders called dystonia, Parkinson's, Crohn's, and many other conditions. The therapeutic benefit of cannabidiol (CBD) vape juice involves the potential of terpenes and other cannabis phytochemicals, which provides various health benefits. Medical agencies are studying the natural benefits of CBD. As the cannabidiol (CBD) vape juice is considered a natural remedy that is considered to be powerful and safe for the treatment of various health issues.
Opportunity
- Growing Incidence of Psychological Disorders
There is an increase in incidences of psychological disorders such as anxiety disorders, including panic disorder, obsessive-compulsive disorder phobias, and depression.
Psychological disorders are characterized by loss of interest or pleasure, sadness, feelings of guilt or low self-worth, poor concentration, disturbed sleep or appetite, and tiredness. People with depression may also have multiple physical complaints with no apparent physical cause. Depression can be recurrent or long-lasting. Also, depression can adversely affect people's ability to function at school or work and cope with daily life. At its most severe, depression can lead to suicide.
Restraint
- Health Risks of E-Cigarettes
E-cigarettes produce several dangerous chemicals harmful to the human body, including acetaldehyde, acrolein, and formaldehyde. These aldehydes can cause lung disease, as well as cardiovascular (heart) disease. E-cigarettes also contain acrolein, an herbicide primarily used to kill weeds. It can cause acute lung injury and chronic obstructive pulmonary disease (COPD). COPD is a chronic inflammatory lung disease that causes obstructed airflow from the lungs. Also, it may cause asthma and lung cancer. Thus, the adverse effects of regular use of e-cigarettes may challenge the global cannabidiol (CBD) vape juice market.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In April 2022, JustCBD signed an agreement with distribution giant OTG management to sell CBD products in airports. This has helped the company reach out to a new customer base
- In October 2021, Koi CBD launched a new full spectrum and delta 8 lines of world-class hemp products lines. The products are tinctures, gummies, as well as vape juices. This launch has helped the company to widen its product portfolio
Global Cannabidiol (CBD) Vape Juice Market Scope
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. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Product Type
- Full Spectrum Vape Juice
- Broad Spectrum Vape Juice
- CBD Isolate Vape Juice
Source
- Hemp
- Marijuana
Strain
- Indica
- Sativa
- 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
- No THC
Dose
- High
- Medium
- Low
Flavor
- Flavored
- Flavorless
Tests Performed
- Tested for Potency
- Tested for Purity
Packaging Size
- >30ml
- 30ml-60ml
- 60ml-100ml
- Up to 1000ml
Distribution Channel
- Online
- Wellness and Natural Product Stores
- Medical Marijuana Dispensaries
Global Cannabidiol (CBD) Vape Juice Market Analysis/Insights
The global cannabidiol (CBD) vape juice market is analysed, and market size insights and trends are provided by country, product type, source, flavor, strain, propylene glycol (VG) and vegetable glycerin (PG) ratio, category, dose, tests performed, packaging size, and distribution channel as referenced above.
Some of the countries covered in the global cannabidiol (CBD) vape juice market are the U.S., Canada, Mexico, U.K., Switzerland, Germany, France, Poland, Turkey, Belgium, Italy, Portugal, Denmark, and Rest of Europe, Japan, Thailand, Hong Kong, Vietnam, Malaysia, Australia, Philippines and Rest of Asia-Pacific, Israel, South Africa, and Rest of the Middle East and Africa.
The U.S. is expected to dominate North America in terms of market share and market revenue and will continue to flourish its dominance during the forecast period 2023-2030. This is due to the growing usage of E-cigarettes. Japan is projected to dominate the Asia-Pacific in terms of market share and market revenue and will continue to flourish its dominance during the forecast period 2023-2030. This is due to the growing health benefits of the usage of CBD vape juice.
The U.K. is expected to dominate Europe in terms of market share and market revenue and will continue to flourish its dominance during the forecast period 2023-2030. This is due to rising awareness about the negative impacts of tobacco smoking on health.
Competitive Landscape and Cannabidiol (CBD) Vape Juice Market Share Analysis
Global cannabidiol (CBD) vape juice market competitive landscape provides details by the competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus on global cannabidiol (CBD) vape juice market.
Some of the major players operating in the 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)
- 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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