CBD Nutraceuticals Market Set For Explosive Growth, Projected To Reach $29.1B By 2030
The global cannabidiol (CBD) nutraceuticals sector is on track for substantial expansion. Recent projections from Research and Markets indicate that the market could be valued at $29.1 billion by 2030. This forecast reflects significant growth from the market’s current valuation of $9.7 billion in 2024.
The growth drivers highlighted by the report include increasing consumer demand for plant-based foods, rising awareness about the health benefits of CBD nutraceuticals and the introduction of innovative products. Additionally, the development of capsule and softgel forms of CBD is expected to push the market forward, with ongoing advancements making these formats even more accessible.