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Cannabinoids Market Size
- Report ID: GMI5320
- Published Date: Sep 2022
- Report Format: PDF
Cannabinoids Market Size
Cannabinoids Market size was worth more than USD 11.5 billion in 2021 and is expected to grow at a CAGR of more than 20% through 2030. Increasing demand for CBD products due to their health benefits will push the overall market growth.
The cannabinoids industry is expanding rapidly driven by the product’s incredible health benefits, including therapeutic capabilities and its use in veterinary medicines. The medicinal characteristics of Phytocannabinoids found in the cannabis plant in addition to the primary ingredient 9-Tetrahydrocannabinol (THC) have come to light recently; products such as cannabidiol (CBD), cannabigerol (CBG), and tetrahydrocannabivarin (THCV) are consequently receiving a lot of interest. Owing to the numerous uses of cannabinoids, the demand for personal care products such as body lotions, oils, and capsules has skyrocketed. Vaping items and their rising popularity among young people due to the latest trends have also contributed to the market revenue.
| Report Attribute | Details |
|---|---|
| Base Year: | 2021 |
| Cannabinoids Market Size in 2021: | 11.5 Billion (USD) |
| Forecast Period: | 2022 to 2030 |
| Forecast Period 2022 to 2030 CAGR: | 20% |
| 2030 Value Projection: | 63 Billion (USD) |
| Historical Data for: | 2017 to 2021 |
| No. of Pages: | 208 |
| Tables, Charts & Figures: | 321 |
| Segments covered: | Type and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Cannabinoids Market Scope
