Home > Healthcare > Pharmaceuticals > Active Pharmaceutical Ingredients > Cannabidiol Extract Market
Cannabidiol Extract Market Size
- Report ID: GMI5474
- Published Date: Mar 2023
- Report Format: PDF
Cannabidiol Extract Market Size
Cannabidiol Extract Market size surpassed a valuation of USD 5 billion in 2022 and is foreseen to depict 21% CAGR between 2023 and 2032 on account of soaring product utilization backed by increasing government approvals.
Extensive uptake of cannabidiol-based products in numerous forms, such as beauty & health, CBD pharmaceutical, and pet products, is propelling market progress. Changing consumer perception about cannabis-derived products and the ways to apply and consume CBD products is likely to promote industry penetration. Additionally, positive legislative actions have amplified CBD use for medical conditions viz., seizures, anxiety, muscle disorders, and Parkinson’s disease. In recent years, CBD-based products have been sold as supplements in several countries, including the U.S., Canada, the UK, the Netherlands, Italy, and so on, which is also forecast to spur industry expansion.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Cannabidiol Extract Market Size in 2022: | USD 5.1 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 21% |
| 2032 Value Projection: | USD 36.1 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 280 |
| Tables, Charts & Figures: | 317 |
| Segments covered: | Type, Source, Application, and Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Cannabidiol Extract Market Scope
