Marijuana Based Cannabidiol Industry is Expected to be Worth US$ 31 Bn by 2031 End

250 Pages CBD Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

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The report offers actionable and valuable market insights of CBD. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of CBD Market across various industries and regions.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of CBD market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of CBD

This newly published and insightful report sheds light on Market Insights of CBD, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of CBD Market.

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Key Segments Covered in CBD Industry Survey

• Source

  • Hemp-based CBD
  • Marijuana-based CBD

• Form

  • CBD Processed Oil
  • CBD Distillate
  • CBD Isolate

• Grade

  • Food Grade CBD
  • Therapeutic Grade CBD

• Application

  • CBD for Food & Beverage
  • CBD for Cosmetics & Personal Care
  • CBD for Pharmaceuticals
  • CBD for Other Applications

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Key Takeaways from the Market Study

1. By 2031, marijuana-based cannabidiol likely to to be worth US$ 30.9 Bn
2. Hemp-based CBD to register impressive share, accounting for almost 60% revenue
3. CBD processed oil sales to expand fastest by form, surging at around 8% CAGR through 2031
4. Therapeutic grade CBD to register maximum sales, capturing nearly 3/5th of global demand
5. By application, food & beverage sector accounts for approximately 1 out of 3 sales of CBD products
6. Pharmaceutical applications to generate 43% revenue in the global CBD market
7. 2 out of 5 CBD sales are expected to happen across the U.S market
8. China to emerge as the dominant Asian market, with 89% of its CBD produce being exported

“Documented benefits of hemp and marijuana across patients with complex chronic and infectious ailments is stepping up adoption of CBD products in the pharmaceutical sector, sanctioning regulatory approvals,” says the Fact.MR analyst.

Competitive Landscape

1. Greenheart CBD, an Irish company, became the first CBD producer to launch a decentralized financial token in March 2021. The token will aid the company’s expansion and provide token holders with cost-effective products.
2. With a new CBD nutraceutical to be packaged by ALKM and marketed by USMJ, PAOG hopes to tap into an US $18 billion market opportunity. PAOG is on pace to introduce a CBD Nutraceuticals range of products that will generate income this year, in 2021.
3. Likwise, Eurox will be the first to introduce cannabis derivatives made in Germany to the domestic market.

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Key Question answered in the survey of CBD market report:

• Sales and Demand of CBD
• Growth of CBD Market
• Market Analysis of CBD
• Market Insights of CBD
• Key Drivers Impacting the CBD market
• Which are the Key drivers impacted by CBD market
• Restraints Shaping Market Growth
• Market Survey of CBD

More Valuable Insights on CBD Market

Fact.MR, in its new report, offers an unbiased Market Analysis of CBD, Sales and Demand of CBD, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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