Cannabidiol Market
The cannabidiol (CBD) market encompasses products derived from hemp or marijuana, such as oils, isolates, and concentrates. Key customers include the pharmaceutical, food and beverage, personal care, and dietary supplement industries, as well as direct consumers. The market's growth is primarily driven by increasing consumer awareness of CBD's therapeutic benefits, its application in pain-relief and wellness products, and the growing legitimization of cannabis for medical use.
CAGR
16.1%
Compound Annual Growth Rate
Current Value
$13.2B
Estimated 2026
Projected Value
$43.7B
By 2034
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