CBD Market Market Size, Share, COVID-19 Impact Analysis & Trends Report 2021-2028 (PDF)
The global CBD Market size was valued at USD 7.1 billion in 2019 and it is anticipated to read USD 26.25 billion by 2028 as per new market research report published by UpGraph Research
Cannabidiol is a chemical compound derived from the cannabis Sativa plant whose common name is Marijuana or hemp. Cannabidiol is not the compound that is responsible for making a person high. Unlike medical cannabinoids like morphine which are used for pain relief CBD is used to treat certain rare conditions of epilepsy. It has a vivid effect on the brain. It prevents the breakdown of chemicals in the brain that has an effect on mood and other functions. What this does is increases the concentration of these chemicals in the bloodstream and rescues psychotic symptoms relating to conditions like schizophrenia. It is also used in pain relief and anxiety.
The CBD market is segmented on the basis of Product, Application, and regions.
Overall, The market is dominated by the product segment for the above-stated reasons. The key application segments that will be covered in this report are Neurodegenerative Disorder, Fibromyalgia, Diabetes. According to this report In the global Cannabidiol, the market size was USD 414.7 million in 2019 and it is estimated to reach 3197.2 million USD by the end of 2028, with a CAGR of 33.5% to show during 2021-2028.
This market report shall provide in-depth information including market estimates & forecast, trends, market growth analysis at regional and country level for the following key segments in the Global cannabidiol market
The report shall incorporate detailed company profiles of the following key players including their business overview, financial performance, product/service benchmarking, strategic initiatives:
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