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Global CBD Nutraceuticals Market Projected To Reach $16.9 Billion By 2032

The CBD nutraceuticals market was valued at $3.8 billion in 2022 according to a market analysis by DataHorizzon Research, and is anticipated to grow to $16.9 billion by 2032 at a CAGR of 16.3%.

“The CBD nutraceuticals market is thriving due to the increasing awareness of the potential health benefits associated with CBD products. The health and wellness industry is experiencing an unparalleled surge because people are becoming more aware of the importance of maintaining healthy lifestyles.” the researchers stated in a press release.

“The CBD tincture segment held the largest market share in 2022.” the researchers also stated. DataHorizzon Research also determined that “North America is expected to hold a significant market share shortly” noting that “major players in the industry are located in this region.”

The wider global cannabis edibles market is projected to reach $27.2 billion by 2030 according to a separate market analysis by Fairfield Market Research. For comparison purposes, the same researchers estimated that the global cannabis edibles market was worth $9.6 billion in 2022.

“This robust growth will be driven by a multitude of factors, including shifting consumer preferences away from smoking cannabis, and rising awareness of the health benefits associated with cannabis edibles.” Fairfield Market Research stated in a press release.

Many CBD nutraceutical products involve capsules as the delivery method. Research and Markets recently conducted a market analysis focusing on the global cannabis capsules sector. The researchers determined that the sector will “grow from $31.96 billion in 2023 to $38.75 billion in 2024 at a compound annual growth rate (CAGR) of 21.3%.”

“The cannabis capsule market size is expected to see rapid growth in the next few years. It will grow to $79.2 billion in 2028 at a compound annual growth rate (CAGR) of 19.6%.” the researchers also stated in a press release.

Additionally, yet another separate market analysis conducted by Technavio looked at the wider edibles sector, of which CBD nutraceuticals are a subsector, and found that, “The global cannabis-infused edible products market size is estimated to grow by USD 25.27 billion from 2023-2027.”

“The market is estimated to grow at a CAGR of almost 21.74% during the forecast period. The global cannabis-infused edibles market is expanding due to shifting perceptions and lucrative opportunities.” Technavio stated in a press release about its market analysis.