Cannabigerol (CBG) Market size was valued at USD 1.1 Billion in 2024 and is forecasted to grow at a CAGR of 19.5% from 2026 to 2033, reaching USD 5.4 Billion by 2033.
The global Cannabigerol (CBG) market was valued at approximately USD 6.83 billion in 2022 and is projected to experience significant growth. North America led the market, accounting for a substantial share, with the United States being a major contributor due to progressive cannabis legalization and increased consumer awareness of CBGs therapeutic benefits. Europe also held a notable portion of the market, with Germany emerging as a key player, driven by its robust pharmaceutical industry and growing acceptance of cannabinoid based therapies. The Asia Pacific region, particularly countries like India and China, is anticipated to witness rapid growth in the coming years. Indias CBG market, for instance, is forecasted to expand at a compound annual growth rate (CAGR) of 31% from 2023 to 2033. The increasing demand for natural remedies and the rising awareness of CBGs potential health benefits are key drivers propelling market growth across these regions. However, challenges such as high production costs due to the low concentration of CBG in cannabis plants and regulatory hurdles may impact market expansion. Nonetheless, opportunities abound, particularly in the development of high yield CBG strains and advancements in extraction technologies, which could enhance affordability and accessibility. As legal frameworks evolve and more research substantiates CBGs therapeutic potential, the market is poised for substantial growth, offering promising prospects for stakeholders across various regions.
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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. 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
US (United States, US 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
US
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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