CBD nutraceuticals market size is projected to reach $19.25 billion by 2028
The global CBD nutraceuticals market size was valued at USD 5.16 billion in 2020 and is expected to grow at a CAGR of 18.2% during the forecast period. The global cannabidiol nutraceuticals market is fueled by the economic growth in countries such as China, Japan, and India, rising disposable income, and changing lifestyles of consumers.
Increasing incidences of health disorders have resulted in increased awareness regarding healthy eating habits. Health and fitness consciousness have also increased due to improving lifestyle and changing food habits. Consumers are more aware regarding their nutritional intake, benefits of physical exercises, and consumption of CBD nutraceuticals.
The sedentary lifestyle of consumers has also accelerated the consumption of CBD nutraceuticals for additional health benefits. The legalization of the U.S. Farm Bill in late 2018 for the commercialization of hemp-derived products has presented several market opportunities. Technological advancements in food science and established R&D institutes further support the market growth.
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