Us Cannabigerol (CBG) Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
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 US Cannabigerol (CBG) market is rapidly growing, driven by increasing awareness of CBG's potential health benefits. This cannabinoid, often overshadowed by THC and CBD, is now capturing attention due to its unique properties. The market's expansion can be attributed to the rising demand for natural and alternative health products. With CBG's anti-inflammatory, antibacterial, and neuroprotective qualities, it is being researched for its potential in treating conditions like glaucoma, neurodegenerative diseases, and inflammatory bowel disease.
In the early stages of its popularity, CBG was considered rare due to its low natural concentration in cannabis plants, making it expensive to extract. However, advancements in cultivation techniques have led to higher yields of CBG-rich strains, bringing down production costs and increasing accessibility. This shift has resulted in an influx of new products entering the US market, ranging from oils and tinctures to capsules and topicals.
Statistics show that the global cannabinoid market, including CBG, is expected to reach $97 billion by 2026. The US is a major player in this growth, with a projected compound annual growth rate (CAGR) of 22%. Several companies are capitalizing on this trend by investing in research and development to optimize CBG extraction and create new formulations targeting specific health concerns. Additionally, consumer interest in wellness products continues to rise, contributing to the market's success.
Despite the potential of CBG, regulatory challenges remain, especially in states with strict cannabis laws. However, as federal regulations evolve, it is anticipated that CBG's market will further expand. The introduction of products such as the "100 Gigabit Fiber Optic Transceiver Market" demonstrates the innovative uses of technology in cultivation and extraction processes, ensuring that the market remains competitive and technologically advanced.
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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
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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
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
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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