CBD DemandSponsored post: Plant-based product as an industry is obtaining and the market is forecast to continue its developed trend. Find out more about this, it might help you in the future! The global Plant based product market is said to be valued at approximately 4.6 billion USD in 2018 and might grow at a compound annual rate of approx 22.2% from 2019 to 2025. Out of all cannabinoids, cannabidiol is most commonly used for medical purposes due to the absence of psychoactive effects.
The demand for plant-based product for medical and wellness purposes is high due to its healing properties. Its oil is used in several medical applications such as treatment of anxiety and depression, stress relief, diabetes prevention, mitigation of pain, alleviation of cancer symptoms, and acne reduction. Check disclaimer on profile and landing.