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Articles by Personal CarePharmaceuticals
CBD Market Set to Exceed US$ 58.83 Billion, Reflecting a Rapid Growth at 13.7% CAGR by 2033
According to the most recent research study by Fact.MR, the global CBD market was valued at US$ 3.86 billion in 2022. From 2018 to 2022, the demand for CBD increased at a compound annual growth rate (CAGR) of 13.7%. By the end of 2033, it is anticipated that cannabis will have grown at a CAGR of 28.1% to reach US$ 58.83 billion in sales worldwide. Cannabinoids are becoming more and more popular as a result of growing public knowledge of their possible health advantages.
Honey Market Surges Amid Rising Health Consciousness
The global honey market is projected to grow from a valuation of US$ 9.7 billion in 2023 to US$ 16.4 billion by the end of 2033, with a 5.4% compound annual growth rate. The preference of consumers for natural and organic sweeteners over sugar and artificial sweeteners has had a significant impact on the market for honey and is predicted to continue driving demand going forward.
Bovine Gelatin Market is Expected to Grow at a Robust CAGR Of 6.6% & To Reach US$ 2.7 Billion By 2033
In the world of food and pharmaceuticals, bovine gelatin has emerged as a versatile ingredient, contributing not only to the texture and structure of various products but also to their nutritional profile. As the demand for clean-label and natural products continues to rise, the Bovine Gelatin Market is experiencing remarkable growth.
Hike In Demand for Natural Sweeteners Drives the Original
Rockville, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Worldwide consumption of honey is anticipated to increase at a 5.4% CAGR and the market is expected to rise from a valuation of US$ 9.7 billion in 2023 to US$ 16.4 billion by the end of 2033. Manufacturers are capitalizing and significantly investing on flavours with multifunctional nutrients. This trend is driven due to paradigm shift observed in consuming healthy food products.
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