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The global cannabidiol market size is expected to reach USD 39.99 billion by 2027, exhibiting an excellent CAGR of 46.4% during the forecast period. The introduction of CBD infused food products are expected to facilitate the growth of the market, states Fortune Business Insights, in a report, titled “Cannabidiol (CBD) Market Size, Share & COVID-19 Impact Analysis, By Source (Marijuana and Hemp), Application (Food & Beverages, Pharmaceuticals, Pet Care, Cosmetics, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 2.19 billion in 2019.

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