Cannabidiol (CBD) Market Trends, Growth and Size Analysis by Form (Solid and Liquid), Route of Administration (Tincture, Capsules, Inhalation (Smoke or Vapor), Aerosol Spray), Product (Food Grade and Therapeutic Grade), Application (Neurogenerative Disorder, Fibromyalgia, Diabetes, Protein Bars, Energy Drinks), End User (Food & Beverage, Healthcare), Source (Organic-Inorganic) and Region (North America, Europe, Asia Pacific, ROW), Competitive Market Growth, Size, Share and Forecast to 2030
/EIN News/ — New York, USA, Oct. 17, 2022 (GLOBE NEWSWIRE) — Cannabidiol (CBD) Market Overview
According to a Comprehensive Research Report by Market Research Future (MRFR), “Cannabidiol Market Information By Form, Route of Administration, End User, Product, Application, Source, And Region – Forecast till 2030“, the market size was valued USD 9.1 billion in 2021 and is expected to reach USD 59.3 Billion by 2030 at 18.2% CAGR during the forecast period 2022-2030.
Cannabidiol Market Synopsis
As hemp naturally contains much cannabidiol (CBD), a chemical molecule found in the cannabis Sativa plant, hemp is the most common source of cannabidiol for extraction purposes. Due to hemp’s naturally high CBD concentration, cannabidiol is produced from hemp rather than cannabis. The substance is frequently confused with the same plant’s psychoactive counterpart, tetrahydrocannabinol (THC), extracted. It has many advantages for treating…
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