Global Cannabidiol Market Report 2021-2025 - Increasing Preference towards Cannabis Extracts such as Oils and Tinctures
ResearchAndMarkets.com's offering. The Global Cannabidiol Market is estimated to be USD 2.3 Bn in 2020 and is expected to reach USD 5.37 Bn by 2025, growing at a CAGR of 18.5%. Market Dynamics The antibiotic and analgesic effects & properties present in Cannabidiol, which can be used to treat a variety of ailments such as anxiety, nausea, stress, chronic pain, neurological conditions, and seizures, are likely to contribute to the growth of the market. Growing medical applications of CBD, growing R&D in medical cannabis, and increasing product adoption and utilization due to government approv...