Cannabidiol Market trends highlight dominance of therapeutic and nutraceutical sectors

The global cannabidiol (CBD) market is currently witnessing robust growth and is poised for significant expansion in the coming years. With a projected market value of US$8.9 billion in 2025, the cannabidiol industry is expected to surge to US$28.7 billion by 2032, growing at a compound annual growth rate (CAGR) of 18.2% during the forecast period of 2025 to 2032. This remarkable growth can be attributed to increasing consumer demand for CBD products across a range of sectors, including healthcare, wellness, and personal use. The market's rapid evolution is also driven by ongoing research, regulatory changes, and growing awareness of the potential therapeutic benefits of CBD.