GITNUX MARKETDATA REPORT 2024

Cannabinoid Industry Statistics

The cannabinoid industry is projected to experience significant growth in the coming years, driven by increasing legalization of cannabis products and expanding consumer demand for cannabinoid-infused products.

Statistic 1

"The global cannabinoids market is projected to exhibit a CAGR of 26.3% from 2021-2028."

Sources Icon

Statistic 2

"The American market for cannabinoids was valued nearly USD 3.1 billion in 2020."

Sources Icon

Statistic 3

"The global cannabinoid market was valued at $2.32 billion in 2021."

Sources Icon

Statistic 4

"90% of U.S. consumers believe cannabinoids can offer wellness and therapeutic benefits."

Sources Icon

Statistic 5

"The global cannabis-infused edible market alone is predicted to be worth $116.25 billion by 2032."

Sources Icon

Statistic 6

"The global cannabis market is expected to reach USD 90.4 billion by 2026."

Sources Icon

Statistic 7

"By 2025, the medical cannabis global market is projected to reach US$ 36.2 billion."

Sources Icon

Statistic 8

"In 2019, the North American cannabinoid market accounted for the highest revenue and was valued at USD 5.2 billion."

Sources Icon

Statistic 9

"In 2021, the hemp-derived CBD market is estimated to reach nearly $1.8 billion."

Sources Icon

Statistic 10

"By 2027, the cannabidiol (CBD) market size is projected to reach USD 39.99 billion."

Sources Icon

Statistic 11

"85% of research in the cannabinoid market is focused on Epidiolex in the treatment of rare childhood seizures."

Sources Icon

Statistic 12

"The Cannabidiol (CBD) market in the U.S. is estimated to surpass $20 billion by 2024."

Sources Icon

Statistic 13

"Total active hemp licenses in the U.S. increased 455% from 2018 to 2019."

Sources Icon

Statistic 14

"About 9% of CBD users in the U.S. consume it for skincare."

Sources Icon

Statistic 15

"An estimated 64 million Americans have tried CBD in the past 24 months."

Sources Icon

Statistic 16

"33% of pet owners are using CBD products for their pets, according to the U.S. CBD market report."

Sources Icon

Statistic 17

"California is leading the U.S. CBD market with estimated sales worth around $730 million in 2019."

Sources Icon

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!