Cannabidiol (CBD) Testing Market is Projected to Rise at a CAGR of 20.00% b
The full spectrum cannabidiol (CBD) infused edibles market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the full spectrum cannabidiol (CBD) infused edibles market will rise to USD million by 2029 and to exhibit a CAGR of 5.6% for the forecast period of 2022-2029.
The full spectrum cannabidiol (CBD) infused edibles basically contains various cannabis plant extracts such as terpenes, essential oils, and cannabinol. They might also contain up to 0.3% of tetrahydrocannabinol (THC), the cannabinoid in the cannabis plant that produces the 'high' feeling in people.
The factors such as increasing social acceptance of cannabis along with increasing popularity of recreational marijuana are the major factors fostering the growth of the full spectrum cannabidiol (CBD) infused edibles market. Additionally, the increasing adoption of cannabidiol in different verticals, increasing demand for the cannabis products and increasing global healthcare spending are other important factors acting as full spectrum cannabidiol (CBD) infused edibles market growth determinants.
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Global Full Spectrum Cannabidiol (CBD) Infused Edibles Market Scope and Market Size
The full spectrum cannabidiol (CBD) infused edibles market is segmented on the basis of source, form, grade and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of form, full spectrum cannabidiol (CBD) infused edibles market is segmented into process oil, distillate and isolate.
On the basis of grade, full spectrum cannabidiol (CBD) infused edibles market is segmented into food and therapeutic.
Full Spectrum Cannabidiol (CBD) Infused Edibles Market Country Level Analysis
The full spectrum cannabidiol (CBD) infused edibles market is analyses and market size, volume information is provided by source, form, grade and application as referenced above.
North America region dominates the full spectrum cannabidiol (CBD) infused edibles market and will continue to flourish its trend of dominance during the forecast period owing to the growing application by pharmaceutical industries within the region. Asia-Pacific, on the other hand is expected to show lucrative growth due to the increasing disposable income of the people and its rising demand in developing economies such as India and China.
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The country section of the full spectrum cannabidiol (CBD) infused edibles market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries.
Some of the major players operating in the full spectrum cannabidiol (CBD) infused edibles market report are:
Bhang Corporation, KIVA CONFECTIONS, VCC BRANDS, Canopy Growth Corporation, Aurora Cannabis, Tilray, Aphria, HEXO., OrganiGram Holdings, The Valens Company, INDIVA., Neptune Wellness Solutions Inc., Cannabiniers, Canopy Growth Corporation, Aphria Inc., General Cannabis, Aurora Cannabis, Tilray, CBD Biotechnology Co. Ltd, NewAge Inc., Phivida Holdings Inc., Puration, and Sprig among others.
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