Current estimates predict global CBD sales will hit $40.6 billion by 2024, with the United States accounting for the bulk of the revenue at nearly $30 billion.
The cannabis industry is booming with more and more products entering the market that include products in the beauty, food, beverage, fitness, sports, and wellness industries.
USD$24.4 billion
2021 Global CBD Retail Sales Estimate
$40.6 billion
2024 Global CBD Retail Sales Estimates
“State of the Legal Cannabis Markets” Arcview Market Research and BDS Analytics
Forecast Period: 2020 – 2027:
CBD oil market is expected to witness a growth rate of 31.9%
CBD Beverages 16%
CBD Capsules 20%
CBD Topicals 24%
CBD Oils & Edibles 40%
$24.4B
Global CBD Market Size 2021
Sources: Data Bridge Market Research Grand View Research
2020: Depending on External Suppliers
Growth
Manufacturing
Sales
Profit Margin
30% – 50%
2021: Vertical Integration
Growth Production Savings 40% – 60%
Manufacturing Production Savings 40% – 50%
Sales
Profit Margin
60% – 70%