Nov 18, 2019 (AB Digital via COMTEX) -- CBD Market Growth Analysis by Form (Solid and Liquid), Route of Administration (Tincture, Capsules, Inhalation (Smoke or Vapor) , Aerosol Spray), Product (Food Grade and Therapeutic Grade), Application (Neurogenerative Disorder, Fibromyalgia, Diabetes , Protein Bars , Energy Drinks), End User (Food and Beverage, Healthcare), Source (Organic Inorganic) and Region Global Forecast till 2026
The CBD market growth is projected to reach USD 22,07,162.54 million at a 125.58% CAGR between 2016-2026, states the latest Market Research Future (MRFR) report.
It is a powerful CBD found in hemp that has gained ample recognition for supporting the mind and body in various ways owing to its alluring features such as seizure suppressant, anti-anxiety, analgesic, and anti-inflammatory properties.
CBD market eyeing phenomenal growth due to rising hemp production increasing legalization to positively impact Industry growth.
On the flip side, the illegal market of CBD, adverse effects, and stringent regulation about the legalization of CBD are factors that may impede the CBD market growth over the forecast period.
The liquid segment is again segmented into e-liquid, cream, tincture, CBD oil, and others.
