23-Nov-2021 | Zion Market Research
As per the findings of Zion Market Research study, CBD Nutraceuticals industry accumulated revenue of about US$ 4.01 billion in 2020 and is anticipated to earn proceeds of approximately US$ 8.12 billion by 2028. Moreover, CBD Nutraceuticals Market is predicted to record a CAGR of over 18.9% during forecast timespan. Apparently, Growth of CBD Nutraceuticals industry over assessment period can be attributed to remedial features of product. In addition to this, legalization of hemp –extracted CBD products in many of developed countries is predicted to generate new market growth avenues in upcoming timespan. Apart from this, rise in consumer inclination towards plant-driven organic supplements and awareness pertaining to health benefits accrued due to use of CBD nutraceuticals will prompt business landscape. Reportedly, escalating consumer inclination towards plant-based supplements along with awareness pertaining to healthcare advantages of cannabidol will proliferate size of CBD nutraceuticals industry. Additionally, rise in demand for hemp proteins among athletes, weight-lifters, body-builders, and vegetarian population will spur expansion of CBD Nutraceuticals market in near future.
Tinctures Segment To Dominate Form Landscape By 2028
Growth of tinctures segment over forecast timespan is subject to massive use of tinctures as a result of huge bio-availability of product in comparison to oils in pain relief, stress, and anxiety. Easy availability of this form of products suiting individual needs is set to steer segmental expansion over forecast timeframe.
North America To Make Notable Contributions Towards Overall Market Size Over 2021-2028
Elevation of size of CBD Nutraceuticals market in North America over assessment period can be credited to legalization of marijuana in Canada and the U.S. Apart from this, health benefits derived due to use of CBD nutraceuticals will pave a way for regional market growth over years ahead.
Key players profiled in report and favorably impacting growth of CBD pharmaceuticals industry are Diamond CBD, MEDTERRA, Medical Marijuana, Inc., Green Roads, Irwin Naturals, Charlotte’s Web, CV Sciences, Inc., and Garden of Life.
Browse the full “CBD Nutraceuticals Market- By Type (Isolates, Wax, And Oils), By Form (Gels, Capsules, Creams, Sprays, And Tinctures), By Application (Medical, Biomedical, Nutraceuticals, And Pharmaceuticals), And By Region- Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021 – 2028.” Report at https://www.zionmarketresearch.com/report/cbd-nutraceuticals-market
The global CBD Nutraceuticals Market is segmented as follows:
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