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Global Cannabidiol (CBD) Market Complete
Industrial Overview including Market Growth,
Market Demand and Forecast Up To 2027 The
global Cannabidiol (CBD) Market was valued at USD
395.2 Million in 2019 and is projected to rea ch
USD 3,420.4 Million by 2027, expanding around a
CAGR of 30.4 during the forecast period. Cann
abidiol (CBD) is a naturally occurring chemical
compound found in cannabis plants and accounts
for 4 0 of plant extract. It is immiscible in
water but miscible in organic solvents such as
hexane or penta ne. It is a colorless
crystalline solid at room temperature and can be
cyclized to Tetrahydrocannabino l (THC) under
acidic conditions. CBD-based products such as
oils, gums, supplements, and high conce ntration
extracts are used for the treatment of many
ailments such as anxiety, cognition, disturbed sl
eep, diabetes, and pain. On the basis of
product type, the global Cannabidiol (CBD) Market
is segmented as isolate, full spectr um, and
broad spectrum. Isolate segment is anticipated to
expand at a CAGR of around 30.5 during the
forecast period as it produces cleaner and
healthier oil as compared to alcohol extraction.
Full sp ectrum segment is estimated to hold
approximately 33.1 share of the market in 2020
as contains a complete range of cannabinoid and
terpene profiles and provides high level of
effectiveness. The bro ad spectrum segment is
estimated to hold around 28.9 share of the
market in 2021 offer a full rang e of
cannabinoid profiles as it does not contain
THC. Get A Free Sample Report
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Based on source, the market is divided into
hemp, marijuana. Hemp account for the major share
as h emp derived CBD is obtained from industrial
hemp plants, which are harvested for their seeds
and fib ers. CBD extracted from marijuana is
consumed for its intoxicating properties. Correct
products for c onsumers' needs can be found by
experimenting with both by changing levels of THC
and CBD. About Growth Market Reports Growth
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