Article published by : himanshi20A on Wednesday, March 31, 2021 - Viewed 53 times


Category : Business

Global Cannabidiol (CBD) Market Complete Industrial Overview including– Market Growth, Market Demand and Forecast Up To 2027

The global Cannabidiol (CBD) Market was valued at USD 395.2 Million in 2019 and is projected to reach USD 3,420.4 Million by 2027, expanding around a CAGR of 30.4% during the forecast period. Cannabidiol (CBD) is a naturally occurring chemical compound found in cannabis plants and accounts for 40% of plant extract. It is immiscible in water but miscible in organic solvents such as hexane or pentane. It is a colorless crystalline solid at room temperature and can be cyclized to Tetrahydrocannabinol (THC) under acidic conditions. CBD-based products such as oils, gums, supplements, and high concentration extracts are used for the treatment of many ailments such as anxiety, cognition, disturbed sleep, diabetes, and pain.

On the basis of product type, the global Cannabidiol (CBD) Market is segmented as isolate, full spectrum, and broad spectrum. Isolate segment is anticipated to expand at a CAGR of around 30.5% during the forecast period as it produces cleaner and healthier oil as compared to alcohol extraction. Full spectrum segment is estimated to hold approximately 33.1% share of the market in 2020 as contains a complete range of cannabinoid and terpene profiles and provides high level of effectiveness. The broad spectrum segment is estimated to hold around 28.9% share of the market in 2021 offer a full range of cannabinoid profiles as it does not contain THC.

Get A Free Sample Report:

Based on source, the market is divided into hemp, marijuana. Hemp account for the major share as hemp derived CBD is obtained from industrial hemp plants, which are harvested for their seeds and fibers. CBD extracted from marijuana is consumed for its intoxicating properties. Correct products for consumers' needs can be found by experimenting with both by changing levels of THC and CBD.

About Growth Market Reports:
Growth Market Reports provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. Growth Market Reports has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Contact Info: –
Address: – 1st Floor, Kalpavruksha Office No 1,
GK Lane Number 3, Ingawale Nagar,
Pimple Nilakh, Pune, Maharashtra 411027
Phone No: – USA: +1 909 545 6473
Email: –
•Website: –


Keywords: Cannabidiol (CBD) Market

By: himanshi20A

Article Directory:

Copy and Paste Link Code:

Read other Articles from himanshi20A:
More »

Article ID 1127973 (Views 53)

Announcement from Our Sponsor

Cancer Drugs like Lenvima (generic version Lenvatinib), Imbruvica (generic version Ibrutinib) now have generic versions at tremendous savings. Brain boosting drugs like Provigil (generic version Modafinil) and Nuvigil (generic version Armodafinil) are also popular.

Sponsor Listing Canadian Pharmacy