CBD Water Market Overview:
The CBD Water Market is anticipated to grow at a compound annual growth rate (CAGR) of 10.10% to reach USD 6.49 billion by 2030.
The chemical component known as CBD is present in the cannabis plant. It doesn't give off the same high linked to THC or marijuana. One of the newest additions to the line of CBD products, which also includes oils, pills, and gummies, is CBD water, which is defined as a beverage that has been infused with CBD particles.
The legal status and decreased tetrahydrocannabinol level of CBD water make it more universally acceptable and accessible. Apart from the analysis of several market conditions including market size, growth rate, segmentation, reach geographically, and leading companies.
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Market Dynamics:
Businesses in the CBD water industry are heavily promoting to consumers about the medicinal benefits of CBD and how putting it in water can provide a practical and approachable way to ingest it. Through the creation of an informed and responsive consumer base, this marketing strategy aids in the overall expansion of the CBD water market.
Driver
Growing customer interest in cannabidiol (CBD) products
CBD is a non-psychoactive substance that comes from the cannabis plant. It has become well-known for its possible advantages for pain management, relaxation, and anxiety reduction in terms of health and wellbeing. As more people look for natural and alternative treatments for a range of illnesses and stress-related problems, CBD-infused products—such as CBD water—have become more popular.
Prospective
Trends in health and wellness
As people grow more health-conscious and look for natural alternatives to prescription drugs, the health and wellness sector is expanding rapidly. In line with this trend, CBD is viewed as a natural medicine. Water infused with CBD provides an accessible and palatable form of CBD.
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The CBD Water Market – Segmentation:
On the basis of type, the CBD Water Market is bifurcated into:
- Industrial hemp-derived
- Medical marijuana-derived
- Others
On the basis of application, the market is segmented into:
- Supermarket
- Online retail
- Offline retail
- Others
The CBD Water Industry: A Regional Examination:
Due to the growing popularity of ready-to-eat meals and beverages infused with CBD, the legalization of cannabis usage for both medicinal and recreational purposes, and the region's high level of expertise, North America dominated the worldwide CBD water market. As a result of the region's shifting eating and lifestyle patterns, growing awareness of health and wellness, and growing appeal of beverages, Asia-Pacific is expected to grow at a rapid rate between 2022 and 2030.
The CBD Water Market – Key players
- CBD Living
- Quantum Pcr
- Cannabidiol Life
- CBD Fusion Water
- Cannabinoid Creations
- CBD Naturals
- Cannanano
- and others.
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