C-B-D-infused Products Market Poised for Remarkable Growth, Anticipated to Reach $216.8 Billion by 2028

Meticulous Research®, Releases Groundbreaking Report on "C-B-D-infused Products Market" Projecting an Astounding $216.8 Billion by 2028 at a Remarkable CAGR of 45.6%.

📈 Market Dynamics:

The C-BD-infused products market is set to redefine growth dynamics, anticipating a spectacular CAGR of 45.6% from 2021 to hit $216.8 billion by 2028. The unprecedented surge is fueled by escalating demand, increased legalization, growing applications in cancer treatment, and the health benefits inherent in -infused products. The market is further catalyzed by the integration of into pet food, the burgeoning demand for infused drinks, and a spectrum of health benefits offered by these products.

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💡 Opportunities and Challenges:
While the market experiences immense opportunities, the high cost associated with C-BD and stringent government regulations in certain regions pose challenges. Additionally, health concerns stemming from C-BD over-consumption create obstacles for the growth of the C-BD-infused products market.

📊 Market Study Highlights:
The comprehensive study presents a historical market overview in terms of value (2019, 2020), current data (2021), and future forecasts (2028). Segmentation based on source, type, distribution channel, and geography provides a detailed understanding of market dynamics. The study meticulously evaluates industry competitors and conducts a thorough market analysis at the country level.

🌱 Key Segmentation Insights:
Source:
• Hemp
• Marijuana

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In 2021, the hemp segment is poised to dominate, showcasing lower T-HC concentrations, eliminating psychoactive effects, and facilitating various medical applications. The anti-inflammatory, anti-aging, and antioxidant properties further contribute to its market prominence.

Type:
• Edibles
• Oil and Extracts
• Personal Care Products
• Smoke & Vape Products
• Supplements
• Other C-B-D Products

The C-B-D edibles segment is anticipated to lead in 2021, driven by the rising popularity of recreational , increasing demand for -infused food, and the adoption of C-B-D in diverse verticals such as confectionery and bakery. Expect this segment to grow at the highest CAGR during the forecast period, fueled by increasing social acceptance.

Distribution Channel:
• Offline Stores
• Online Stores

Offline stores are projected to account for the largest market share in 2021, emphasizing the perception of purchasing authentic and high-quality products. However, the online store segment is expected to witness the highest CAGR, driven by convenience and rapid C-B-D-infused product penetration on e-commerce platforms.

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🌍 Geographic Insights:
Geographically, North America is anticipated to lead the market in 2021, with the U.S. at the forefront. Factors such as accessibility, technological advancements, changing perceptions towards C-B-D, and substantial investments from industry leaders contribute to the region's dominance. The U.S. is expected to maintain its lead through 2028, driven by increased R&D expenditures and rising consumer spending on C-B-D-infused products.

🔑 Key Players Leading the Charge:
Industry titans, including Canopy Growth Corporation, Aurora Inc., Docklight Brands, Inc., and GW Pharmaceuticals plc, are among the key players shaping the C-B-D-infused products market.

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This release was published on openPR.