Asia Pacific Cbd Pouches Market Size & Outlook, 2023-2030
Asia Pacific cbd pouches market, 2018-2030 (US$M)
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Asia Pacific cbd pouches market highlights
- The Asia Pacific cbd pouches market generated a revenue of USD 5,074.6 million in 2023.
- The market is expected to grow at a CAGR of 25.8% from 2024 to 2030.
- In terms of segment, 10 mg -20 mg was the largest revenue generating cbd content in 2023.
- 10 mg -20 mg is the most lucrative cbd content segment registering the fastest growth during the forecast period.
- Country-wise, Thailand is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 5,074.6 million |
| Market revenue in 2030 | USD 25,340.2 million |
| Growth rate | 25.8% (CAGR from 2023 to 2030) |
| Largest segment | 10 mg -20 mg |
| Fastest growing segment | 10 mg -20 mg |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Upto 10 mg, 10 mg -20 mg |
| Key market players worldwide | Swedish Match, Metolius, Canna Flora Hemp, Canndid, Cannadips |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 8.2% of the global cbd pouches market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 98,282.0 million by 2030.
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CBD Pouches Market Scope
CBD Pouches Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific cbd pouches market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cbd pouches market will help companies and investors design strategic landscapes.
10 mg -20 mg was the largest segment with a revenue share of 49.91% in 2023. Horizon Databook has segmented the Asia Pacific cbd pouches market based on upto 10 mg, 10 mg -20 mg covering the revenue growth of each sub-segment from 2018 to 2030.
Governments in the Asia Pacific region are becoming more accepting of cannabis products, which creates more opportunities for market players to expand their operations. For instance, in February 2024, Aurora Cannabis completed the acquisition of MedReleaf Australia, a Licensed Medical Cannabis Company. The aim of this acquisition was to gain a foothold in the legal cannabis market.
The demand for CBD products is rapidly increasing in the Asia Pacific region as consumers become more aware of the health benefits that CBD offers, including relief from chronic pain, inflammation, insomnia, poor appetite, depression, and anxiety.
CBD pouches are a relatively new product gaining popularity in the Asia Pacific region due to their convenience and discreetness. These pouches provide a smoke-free way to consume CBD, which is leading to a rise in demand.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific cbd pouches market, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific cbd pouches market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific cbd pouches market report size, by country, 2018-2030 (US$M)
Asia Pacific CBD Pouches Market Share, 2023 & 2030 (US$M)
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