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DUBLIN--(BUSINESS WIRE)--Nov 21, 2022--
The CBD)+Strategic+Business+Report+2022%3a+Market+to+Reach+%2413.4+Billion+by+2027+-+U.S.+Market+is+Estimated+at+%241.4+Billion%2c+While+China+is+Forecast+to+Grow+at+19.8%25+CAGR&utm_exec=chdo54prd" rel="nofollow" shape="rect">"Cannabidiol: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Cannabidiol Market to Reach $13.4 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Cannabidiol estimated at US$5 Billion in the year 2020, is projected to reach a revised size of US$13.4 Billion by 2027, growing at a CAGR of 15.1% over the analysis period 2020-2027.
Hemp, one of the segments analyzed in the report, is projected to record 16.4% CAGR and reach US$8.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Marijuana segment is readjusted to a revised 12.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 19.8% CAGR
The Cannabidiol market in the U.S. is estimated at US$1.4 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$3 Billion by the year 2027 trailing a CAGR of 20.1% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.1% and 13.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.4% CAGR.
What's New for 2022?
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS (Total 47 Featured)
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA
IV. COMPETITION
For more information about this report visit CBD)+Strategic+Business+Report+2022%3a+Market+to+Reach+%2413.4+Billion+by+2027+-+U.S.+Market+is+Estimated+at+%241.4+Billion%2c+While+China+is+Forecast+to+Grow+at+19.8%25+CAGR&utm_exec=chdo54prd" rel="nofollow" shape="rect">https://www.researchandmarkets.com/r/fxkdpr
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SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 11/21/2022 05:41 AM/DISC: 11/21/2022 05:41 AM
http://www.businesswire.com/news/home/20221121005361/en