In 2021, the global CBD market was valued at $4.20B. The market is projected to reach US$12.64 billion by 2026, according to a report by Research & Markets. Growing regulatory approvals is a major driver of the market. The CBD market is expected to grow at a CAGR of 25.53% during the forecast period of 2022-2026. The R&M report analyzes the market by the following:
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Product: The report identifies eleven segments on the basis of product: Oil, Tinctures, Capsules, Cream and roll on, Isolates, Transdermal Patches, Suppository, CBD Inhalers, Vape oil, Tablet and Others.
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Source: The report includes bifurcation of the market into two segments on the basis of source: marijuana and hemp.
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End User: On the basis of end user, the market is divided into two segments: medical and other end users.
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Distribution Channel: The report includes bifurcation of the market into two segments on the basis of distribution channel: online and offline
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Region
https://www.researchandmarkets.com/r/ibx5lt