Broad-spectrum
CBD Market
Broad-spectrum CBD Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Broad-spectrum CBD Market Size and Growth
The broad-spectrum CBD market is experiencing robust growth, driven by increasing consumer demand for cannabinoid products free from THC. The market size is projected to reach approximately $4 billion by 2025, influenced by rising health awareness and innovative product launches across health, wellness, and cosmetic sectors, reflecting favorable market conditions.
Companies Covered
(Covid 19 Impact Covered)
◍ Charlotte`s Web
◍ Candropharm
◍ Medical Marijuana
◍ Folium Biosciences
◍ Mile High Labs
◍ Green Roads
◍ MH medical hemp
◍ Treehouse
◍ Essentia Pura
◍ Kazmira
◍ CBD American Shaman
◍ Kanibi
The broad-spectrum CBD market features companies like Charlotte's Web, Medical Marijuana, and Green Roads, specializing in diverse product offerings. They enhance market growth through innovative formulations, effective marketing strategies, and commitment to quality. Sales figures indicate substantial revenue, with Charlotte's Web reporting approximately $42 million in 2020, showcasing market potential.
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Market Segmentation
By Application
Medical
Food and Beverage
Cosmetics
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By Product
Hemp-derived Type
Marijuana-derived Type
Market Growth
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$ X Billion USD
