CBD (Cannabidiol) Market was valued at USD 4.6 Billion in 2022 and is projected to reach USD 24.6 Billion by 2030, growing at a CAGR of 24.2% from 2024 to 2030.
The global CBD (Cannabidiol) market was valued at approximately USD 4.6 billion in 2022 and is projected to experience substantial growth, with a compound annual growth rate (CAGR) of around 21.3% from 2023 to 2030. This growth is driven by increasing consumer awareness of the potential health benefits of CBD, expanding product availability, and the relaxation of regulatory constraints in various regions. The market is expected to reach approximately USD 12.8 billion by 2027, reflecting the rising demand for CBD-infused products across diverse sectors including wellness, beauty, and food & beverage.
Opportunities in the CBD market are bolstered by the growing acceptance of cannabis-derived products for therapeutic and wellness purposes. Emerging markets, particularly in Asia-Pacific and Latin America, are witnessing accelerated adoption due to favorable regulatory changes and increasing investments in research and development. Additionally, innovations in product formulations and the expansion of online retail channels are expected to further drive market growth. The continuous development of novel CBD applications and increasing consumer preference for natural and organic products present significant opportunities for stakeholders in this dynamic industry.
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Trulieve
Curaleaf
MedMen
Green Thumb Industries
Cresco Labs
Harvest House of Cannabis
Columbia Care
Acreage Holdings
Halo
Planet 13
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 CBD (Cannabidiol) Market
Food
Cosmetics
Pharmaceutical
Other
Based on Types the Market is categorized into Below types that held the largest CBD (Cannabidiol) market share In 2023.
Oil
Capsule
Extract
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 CBD (Cannabidiol) 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 CBD (Cannabidiol) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global CBD (Cannabidiol) Market, By Type
6. Global CBD (Cannabidiol) Market, By Application
7. Global CBD (Cannabidiol) Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global CBD (Cannabidiol) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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