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Key Companies Covered in the Middle East and Africa CBD-Infused Beverages Market Research are ENDOCA,Cannoid, LLC,Medical Marijuana, Inc.,Folium Biosciences,Elixinol,NuLeaf Naturals and other key market players .
The global Middle East and Africa CBD-Infused Beverages Market size is projected to reach USD 13.9 billion by 2031 from USD 5.18 billion in 2022, at a CAGR of 16.8% during the forecast period . the rising acceptance and use of products due to government approvals is a major factor expected to boost the production of CBD-infused products.
According to GSMA, the Mobile Economy report, the adoption of smartphones is anticipated to rise from 52 percent in 2018 to 74 percent in 2025 in the Middle East and North Africa (MENA) region.
CRIFAX added a report on ‘Middle East and Africa CBD-Infused Beverages Market, 2022-2031’ to its database of market research collaterals consisting of overall market scenario with prevalent and future growth prospects, among other growth strategies used by key players to stay ahead of the game. Additionally, recent trends, mergers and acquisitions, region-wise growth analysis along with challenges that are affecting the growth of the market are also stated in the report.
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The Middle East and Africa CBD-Infused Beverages Market is estimated to grow at a moderate rate, owing to various factors driving…