The cannabidiol (CBD) testing market is expected to reach USD 67.38 million by 2030, which is USD 46.31 million in 2022, registering a CAGR of 4.80% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
The cannabidiol (CBD) testingis expected to witness significant growth during the forecast period due to increasing awareness regarding the benefits of cannabis among consumers along with increasing usages of cannabidiol (CBD) for medical purpose. Also due to a large number of health benefits, the governments in nations are now recognizing the usage of cannabidiol (CBD) for medical purpose. The cannabis is progressively being legalized for medical usage in countries across globe. The requirement for cannabidiol (CBD) analytical testing to make sure its safety before the consumption, which has developed in recent years.
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Some of the major players operating in the cannabidiol (CBD) testing market are:
- CannaSafe (U.S.)
- Steep Hill, Inc (U.S.)
- Eirlab Research Group (Ireland)
- GOODBODY HEALTH INC. (U.S.)
- CW ANALYTICAL (U.S.)
- Aphria Inc (Canada)
- Medical Marijuana, Inc (U.S.)
- STENOCARE A/S (Denmark)
- Cannabis Science Inc (U.S.)
Global Cannabidiol (CBD) Testing Market Scope and Market Size
Cannabidiol (CBD) testing market is segmented on the basis of product and software, testing procedures, and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of product and software, the cannabidiol (CBD) testing market is segmented into analytical instruments, consumables, and software. Analytical instruments have been further segmented into chromatography instruments, spectroscopy instruments, and other analytical instruments.
Chromatography instruments have been further sub segmented into liquid chromatography, gas chromatography, and other chromatography instruments. Spectroscopy instruments have been further sub segmented into mass spectrometry, and atomic spectroscopy. Consumables have been further segmented into chromatography columns, standards and CRMS, sample preparation products, supplies and accessories.
Cannabidiol (CBD) Testing Market Country Level Analysis
Cannabidiol (CBD) testing market is analyses and market size, volume information is provided by country by product and software, testing procedures, and end-user as referenced above.
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The U.S. dominates the North America cannabidiol (CBD) testing market due to the increasing legalization along with rising usages of cannabis, increasing number of marijuana cultivators while the China will expect to grow in the Asia-Pacific cannabidiol (CBD) testing market during the forecast period 2021 to 2028 due to the increasing awareness among the consumers regarding the benefits of cannabis along with rising usages of CBD for medical purpose.
Global Cannabidiol (CBD) Testing Market Scope
Product and Software
- Analytical Instruments
- Consumables
- Software
Testing Procedures
- Residual Solvent Screening
- Terpene Profiling
- Potency Testing
- Genetic Testing
- Pesticide Screening
- Heavy Metal Testing
- Microbial Analysis
End-User
- Laboratories
- Cannabis Cultivators
- Research Institutes
- Drug Manufacturers
- Dispensaries
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