Legal CBD Sectors Are Set For Significant Growth

The cannabis plant contains several cannabinoids, with one of the most popular ones for consumers and patients being cannabidiol (CBD). CBD is being incorporated into more recreational and medical products now than ever before, and that is leading to some eye-popping projections for the overall CBD industry and various CBD industry sectors.

According to a recent market report by Coherent Market Insights, the global CBD industry “is estimated to be valued at USD 8.12 Bn in 2024 and is expected to reach USD 23.41 Bn by 2031, exhibiting a CAGR of 16.3% from 2024 to 2031,” although, time may likely prove that projection to be too conservative as individual sector projections below will demonstrate.

A particularly popular consumption method for cannabidiol is gummies. Many consumers and patients prefer ingesting gummies versus consuming cannabidiol in forms that involve smoking or vaporization. CBD gummies are discrete and convenient, making them a great option for many people.

According to a market analysis by Straits Research, “the global CBD gummies market size was valued at USD 1.88 billion in 2024 and is projected to reach from USD 2.44 billion in 2025 to USD 19.93 billion by 2033, growing with a CAGR of 30.02% during the forecast period (2025–2033).”

“North America is the most significant global CBD gummies market shareholder and is expected to grow significantly over the forecast period. The increased prevalence of CBD-infused gummy bears within the United States can be ascribed to the escalating consumer interest in CBD merchandise and the burgeoning acceptance of alternative medicinal practices.” Straits Research also stated in its market analysis.

CBD nutraceuticals are also poised for tremendous growth in the coming years. According to market analysts at Research and Markets, “the global CBD nutraceuticals market size is expected to reach USD 23.17 billion by 2030, registering a CAGR of 14.2% from 2024 to 2030.”

Research and Markets also determined the following in its analysis:

• CBD tinctures segment dominated the global market and accounted for a revenue share of 41.9% in 2023
• The edibles and fortified foods segment accounted for the largest revenue share in 2023
• North America CBD nutraceuticals market dominated the global industry with a revenue share of 54.5% in 2023

Many countries around the world are modernizing their cannabis policies and regulations to allow legal CBD commerce. Every country that does so adds further momentum to the global CBD industry.