Cannabigerol (CBG) Market was valued at USD 0.75 Billion in 2022 and is projected to reach USD 3.50 Billion by 2030, growing at a CAGR of 21.5% from 2024 to 2030.
The Cannabigerol (CBG) market was valued at approximately USD 140 million in 2022, demonstrating significant growth potential within the cannabinoid sector. With a robust compound annual growth rate (CAGR) of 24.5% projected from 2022 to 2030, the market is expected to reach around USD 500 million by the end of this forecast period. The increasing interest in CBG’s therapeutic benefits, including its potential in treating neurological disorders and inflammatory diseases, is driving this rapid expansion. Additionally, advancements in extraction technologies and a growing number of research initiatives are further bolstering market growth.
Opportunities in the Cannabigerol (CBG) market are particularly promising due to the rising consumer awareness of CBG’s unique health benefits compared to other cannabinoids. The market is witnessing heightened investments in research and development to explore CBG's potential in various medical applications. Emerging markets, especially in regions with evolving cannabis regulations and increasing acceptance of cannabinoid-based therapies, present new avenues for growth. These factors collectively create a dynamic environment conducive to substantial market advancements in the coming years.
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Hempsana Holdings
Willow Biosciences
Precision Plant Molecules
Bright Green Corporation
Hemptown
Charlotte's Web
Green Road
Demetrix
Canatura
CannaCare
FAB CBD
CBDistillery
Medterra CBD
NuLeaf Naturals
Lazarus Naturals
Avikana
Incr-edibles
Vida Optima
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Cannabigerol (CBG) Market
Medicinal
Relieve Stress
Pain Relief
Other
Based on Types the Market is categorized into Below types that held the largest Cannabigerol (CBG) market share In 2023.
Full Spectrum CBG Oil
THC-free CBG Tincture
CBG Isolate
CBG Softgel Capsules
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Cannabigerol (CBG) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Cannabigerol (CBG) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Cannabigerol (CBG) Market, By Type
6. Global Cannabigerol (CBG) Market, By Application
7. Global Cannabigerol (CBG) Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Cannabigerol (CBG) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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