CBD Water Market is expected to rise at annual rate 10.10% in the forecast period of 2021 to 2028 and is expected to reach USD 6.49 billion by 2028 due to the increasing awareness regarding the health benefits of the hemp derivatives.
On the other hand, strict government regulation for the approval process and high price of the organic foods regulatory are expected to obstruct the market growth in the above mentioned forecast period. Lack of awareness regarding benefits of PGR is projected to challenge the CBD water market.
According to Data Bridge Market Research the markets for CBD water is accelerating because of the growing adoption of CBD infused food and beverages to relieve chronic pain and help reduce anxiety and inflammation, increase in the preference towards natural organic products over pharmaceuticals among consumers across the globe and rising trend of CBD infused products because of their therapeutic properties. Additionally, rise in the demand for cannabidiol (CBD) for the production of snacks and wellness products because of its healing abilities positively affect the CBD water market.
Furthermore, increasing research and development activities and the legalization of the product across nations extend profitable opportunities to the market players.
Now the question is which are the other regions that CBD water market targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific because of the rising popularity of the beverages, increase in awareness regarding health and wellness and changing lifestyle and eating habits in the region.
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CBD water market is segmented on the basis of countries into U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
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Key Market Competitors Covered in the Report
Above are the key players covered in the report, to know about more and exhaustive list of CBD water companies’ contact us, https://www.databridgemarketresearch.com/toc/?dbmr=global-cbd-water-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global CBD Water Market - Industry Trends and Forecast to 2028