A data report from Meticulous Research on the global CBD-infused products market indicates that it will reach $216.8 billion by 2028, growing at a 45.6% CAGR during the forecast period. The market is driven by the increasing awareness of the health benefits offered by cannabis-infused products and the increasing demands for cannabis-infused food and drinks.
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The CBD edibles segment is estimated to account for the largest share of the CBD-infused products market in 2021, mainly due to the growing popularity of recreational cannabis and the increasing demand for food infused with cannabis, leading to rising adoption of CBD in different verticals such as confectionery and bakery.
The North American region is estimated to account for the largest share of the global CBD-infused products market in 2021 and the United States is expected to dominate the market through 2028. The report suggests this is due to the ease of accessibility, technological advancements in CBD-infused production and processing, a large base of CBD consumers and changing perceptions towards CBD consumption for both medical and recreational purposes as more states explore recreational legalization of cannabis.
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