Cannabidiol Market Worth $22.05 Billion By 2030 | CAGR: 16.8%
Cannabidiol Industry Overview The global cannabidiol market size is expected to reach USD 22.05 billion by 2030, according to a new study by Grand View Research, Inc. The market is expected to expand at a CAGR of 16.8% from 2022 to 2030. Increasing awareness regarding the health benefits of cannabidiol (CBD), changing consumer opinion, and the attitude toward CBD products are some of the key factors driving the demand for these products. Cannabidiol is a chemical compound that is found in the cannabis Sativa plant, and is extracted from hemp or cannabis , generally from hemp due to its naturally high CBD content. Cannabidiol Market Segmentation Grand View Research has segmented the global cannabidiol market based on source type, distribution channel, end-use, and region: Based on the Source Type Insights, the market is segmented into Hemp, Marijuana. The marijuana segment dominated the market and accounted for a revenue share of over 50.0% in 202...