Europe Cbd Nutraceuticals Market Size & Outlook, 2023-2030
The cbd nutraceuticals market in Europe is expected to reach a projected revenue of US$ 1,901.3 million by 2030. A compound annual growth rate of 18.4% is expected of Europe cbd nutraceuticals market from 2024 to 2030.
Revenue, 2023 (US$M)
$582.4
Forecast, 2030 (US$M)
$1,901.3
CAGR, 2024 - 2030
18.4%
Report Coverage
Europe
Europe cbd nutraceuticals market, 2018-2030 (US$M)
Europe cbd nutraceuticals market highlights
- The Europe cbd nutraceuticals market generated a revenue of USD 582.4 million in 2023.
- The market is expected to grow at a CAGR of 18.4% from 2024 to 2030.
- In terms of segment, cbd tinctures was the largest revenue generating product in 2023.
- CBD Tinctures is the most lucrative product segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 582.4 million |
| Market revenue in 2030 | USD 1,901.3 million |
| Growth rate | 18.4% (CAGR from 2023 to 2030) |
| Largest segment | Cbd tinctures |
| Fastest growing segment | CBD Tinctures |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | CBD Tinctures |
| Key market players worldwide | Charlottes Web Holdings Inc Ordinary Shares, Elixinol Wellness Ltd Ordinary Shares, Medical Marijuana Inc, Green Roads, Isodiol International Inc |
Other key industry trends
- In terms of revenue, Europe region accounted for 7.1% of the global cbd nutraceuticals market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 9,594.5 million by 2030.
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CBD Nutraceuticals Market Scope
Cbd nutraceuticals market segmentation & scope
Application
Edibles and fortified foods
Workout supplements
Wellness
Others
End Use
Retail Stores
Online
Pharmacies
Countries
U.S.
Canada
Mexico
UK
Sweden
Spain
Norway
Italy
Germany
France
Denmark
Brazil
Argentina
Australia
China
India
Japan
South Korea
Thailand
UAE
South Africa
Saudi Arabia
Kuwait
CBD Nutraceuticals Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe cbd nutraceuticals market
Related regional statistics
No records
No related regions found.
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