Cannabidiol (CBD) Market – 53% of Growth to Originate from North America |Evolvi… – Press Release


NEW YORK, March 10, 2022 /PRNewswire/ — The “CBD Market by Geography (North America, Europe, APAC, South America, and MEA) – Forecast and Analysis 2021-2025” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. 53% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for cannabidiol in North America. North America has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The rising number of countries decriminalizing and legalizing CBD products will facilitate the cannabidiol market growth in North America over the forecast period

Technavio has announced its latest market research report titled Cannabidiol Market by Source and Geography - Forecast and Analysis 2021-2025

The potential growth difference for the CBD market between 2020 and 2025 is USD 29.91 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.

Key Market Dynamics:

  • Market Driver
  • Market Challenges

The rising popularity of CBD oil and the rising number of countries decriminalizing and legalizing CBD products are some of the key market drivers. However, factors such as the high cost of CBD products will challenge market growth. The holistic analysis of the drivers & challenges will help in predicting end goals and refining marketing strategies to gain a competitive edge. The cannabidiol market analysis report also provides detailed information on other upcoming trends that will have a far-reaching effect on market growth. 

To learn about additional key drivers, trends, and challenges – Read our FREE Sample Report right now!

Market Segmentation Analysis:

The CBD market report is segmented by source (marijuana and hemp) and geography (North America, Europe, APAC, South America, and MEA). The cannabidiol market share growth by the marijuana segment has…