Category: CBD And Hemp Data
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Global Hemp-Based Foods Market To Reach $8.36 Billion By 2028 Per Report
The global hemp-based foods market is projected to reach $8.36 billion by 2028 according to The Business Research Company’s (TBRC) latest report, “Hemp Based Foods Global Market Report 2024”. “The hemp based foods market size has grown strongly in recent years. It will grow from $5.45 billion in 2023 to $5.94 billion in 2024 at…
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Global CBD Industry Estimated To Be Worth $36.6 Billion By 2033
The global cannabidiol (CBD) market was worth an estimated $7.6 billion in 2023 according to a market analysis by Market.us, and will climb to a projected $36.6 in value by 2033. “Between 2023 and 2032, this market is estimated to register the highest CAGR of 27%.” the researchers stated. “Because of its therapeutic benefits, there…
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Global CBD Nutraceuticals Market Projected To Reach $16.9 Billion By 2032
The CBD nutraceuticals market was valued at $3.8 billion in 2022 according to a market analysis by DataHorizzon Research, and is anticipated to grow to $16.9 billion by 2032 at a CAGR of 16.3%. “The CBD nutraceuticals market is thriving due to the increasing awareness of the potential health benefits associated with CBD products. The…
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How Big Will The Global Cannabis Pharmaceutical Sector Be Worth By 2027?
The cannabis plant provides a number of wellness benefits to suffering patients. Medical cannabis can be consumed via various delivery methods, from pre-rolled joints and topical rubs to vaporizer devices. A consumption method that has grown in popularity among patients in recent years is cannabis pharmaceuticals. Cannabis pharmaceuticals are popular with many patients because they…
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How Big Is Slovenia’s Cannabis Industry In 2024?
Slovenia has so far been slower to modernize its cannabis policies compared to some of its European counterparts such as Malta and Germany. Still, there is an emerging domestic cannabis industry in Slovenia, largely based around CBD products. Cannabis is not technically legal in Slovenia, although personal possession in considered to be a minor offense.…
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U.S. Industrial Hemp Market Valued At $291 Million In 2023
The United States Department of Agriculture (USDA) has released its annual hemp industry report. According to the USDA, “In 2023, the value of hemp production in the open and under protection for the United States totaled $291 million, up 18 percent from 2022.” “Planted area for the Nation in 2023 for all utilizations totaled 27,680…
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How Many CBD Consumers Are There In Japan?
A March 2023 analysis by Comprehensive Research Report found that the global cannabidiol (CBD) market is projected to reach $59.43 billion by 2030. The researchers estimated that the global CBD market was worth $18.43 billion in 2022. One nation where CBD products are growing in popularity is Japan. Japan boasts one of the lowest cannabis consumer…
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Global Hemp Milk Market Projected To Reach $812 Million By 2032
Global demand for milk is enormous. According to Market Data Forecast, “the global milk market is expected to be worth USD 1,047.80 billion in 2024. It is expected to grow at CAGR of 8.2% during the forecast period and reach a value of USD 1,553.87 billion by 2029.” Dairy milk continues to dominate the global…
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How Big Is The Czech Republic’s Cannabis Market Potential?
Political leaders in the Czech Republic have previously indicated that they would pursue the passage of a national adult-use cannabis legalization measure once Germany had passed its own adult-use legalization measure. Germany implemented the first provisions of its national legalization measure on April 1, 2024. How long it will take the Czech Republic to pass…
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Global Industrial Hemp Market Estimated To Grow By $6.87 Billion From 2023 To 2027
The global industrial hemp market is set to increase in size by a considerable amount in the coming years according to a new projection from Technavio. Technavio is a global technology research and advisory company that “focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies…