Cannabidiol (CBD) market Trends, Growth and Size Analysis By Form (Solid and Liquid), Route of Administration (Tincture, Capsules, Inhalation (Smoke or Vapor), Aerosol Spray), Product (Food Grade and Therapeutic Grade), Application (Neurogenerative Disorder, Fibromyalgia, Diabetes, Protein Bars, Energy Drinks), End User (Food & Beverage, Healthcare), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030.
Market Research Future Insights
According to MRFR analysis, the Cannabidiol Market is expected to register a CAGR of~18.2% from 202 2to 2030 and hold a value of over USD 59.43 billion by 2030.
The Cannabidiol (CBD) market refers to the commercial industry involved in the production, distribution, and sale of products containing CBD, which is a non-psychoactive compound found in the cannabis plant. The CBD market has grown significantly in recent years, due in part to changes in laws and regulations surrounding the use of cannabis, and is expected to continue to expand as more people become aware of the potential benefits of CBD products.
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The pandemic has led to an increase in demand for CBD products, particularly for those that can be used to help manage stress, anxiety, and other mental health issues. With more people experiencing anxiety and stress related to the pandemic, many have turned to CBD as a natural alternative to traditional pharmaceuticals.
Key Players
Some of the key market players are:
Market Segmentation
The Cannabidiol Market has been segmented into product, administration and application.
Based on the product, the market has been segmented into food grade and therapeutic grade.
Based on the administration, the market has been segmented into tincture, capsules and aerosol spray.
Based on the application, the market has been segmented into neurogenerative disorder, fibromyalgia, diabetes, protein bars and energy drinks.
Regional Analysis
The North American region is currently the largest market for Cannabidiol (CBD) products. This is due in part to the legalization of cannabis and CBD products in many US states and the growing acceptance of CBD as a natural remedy for a variety of health issues.
Browse In-depth Market Research Report (104 Pages) on Cannabidiol (CBD): https://www.marketresearchfuture.com/reports/cbd-market-8090
The report cites factors such as increasing consumer awareness and growing demand for CBD-infused products as key drivers of market growth in the region.
Europe is another important region for the CBD market, with increasing legalization and regulation of cannabis and CBD products in countries such as the UK, Switzerland, and Germany.
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