Japan Cannabigerol (CBG) Market was valued at USD 0.12 Billion in 2022 and is projected to reach USD 0.60 Billion by 2030, growing at a CAGR of 23.0% from 2024 to 2030.
The Japan Cannabigerol (CBG) market is gaining momentum, with a surge in interest from various industries seeking to harness its unique properties. As a non-psychoactive cannabinoid, CBG is prized for its potential health benefits and its role as a precursor to other cannabinoids like CBD and THC. This article explores the types of CBG products available in Japan and the specific requirements from industries driving demand.
Types of Cannabigerol (CBG) Products in Japan
In Japan, the market for CBG is diverse, with different product types designed to cater to both consumer health and industrial applications:
CBG Oil: Extracted directly from cannabis plants, CBG oil is popular in the health and wellness sector for its potential therapeutic benefits, including anti-inflammatory and neuroprotective effects.
CBG Capsules: Easy to consume, these capsules are commonly found in dietary supplement forms and offer a controlled dose of CBG for users seeking specific health benefits.
CBG-infused Cosmetics: With growing interest in CBD and CBG’s skin benefits, CBG-infused skincare products like creams and lotions are emerging as a key market segment in Japan.
CBG-Based Pharmaceuticals: Pharmaceutical companies are also exploring CBG’s potential in treating various conditions, from glaucoma to neurodegenerative diseases, resulting in clinical trials and product development.
Industry Requirements Driving CBG Demand
The growing demand for CBG across various sectors is largely due to its versatile applications. Here's a look at how industries are integrating CBG into their offerings:
Health and Wellness: As CBG is touted for its potential in promoting mental well-being, reducing anxiety, and improving focus, wellness brands are keen to develop CBG-based products for the Japanese market.
Pharmaceuticals: The Japanese pharmaceutical industry is investigating CBG for its therapeutic properties, particularly in managing conditions like chronic pain and inflammatory disorders.
Cosmetics: Japanese cosmetics brands are incorporating CBG into their formulations, capitalizing on its skin-soothing properties to appeal to consumers seeking anti-aging and moisturizing solutions.
Food and Beverages: Some food and beverage companies are exploring CBG as a functional ingredient, particularly in the wellness drink market, where its calming effects may appeal to health-conscious consumers.
Integration with Emerging Technologies
The growing interest in CBG correlates with broader trends in the "100 Gigabit Fiber Optic Transceiver Market Type and requirement from industries," as industries increasingly seek to leverage cutting-edge technologies to enhance production and product quality. In the case of CBG, extraction methods are becoming more sophisticated, with a focus on ensuring purity and potency. As these technologies evolve, industries will rely on high-speed data systems to streamline production and distribution processes, ensuring that CBG products meet the growing consumer demand efficiently.
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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
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NuLeaf Naturals
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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 Japan Cannabigerol (CBG) Market
CBG Oil
CBG Capsules
CBG Tinctures
CBG Edibles
CBG Topicals
CBG Isolates
Medical Applications
Cosmetic Applications
Food and Beverage Industry
Pharmaceutical Industry
Cosmetics Industry
Food and Beverage Manufacturers
Nutraceuticals
Online Retail
Offline Retail
Industrial Hemp
Marijuana
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan 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. Japan Cannabigerol (CBG) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Cannabigerol (CBG) Market, By Type
6. Japan Cannabigerol (CBG) Market, By Application
7. Japan Cannabigerol (CBG) Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Cannabigerol (CBG) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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