Asia Pacific Cannabidiol Market: Growth Outlook and Key Trends to 2030
The Asia Pacific cannabidiol market was valued at USD 440.5 million in 2023 and is projected to grow significantly, reaching USD 1.98 billion by 2030. This represents a robust compound annual growth rate (CAGR) of 24.1% from 2025 to 2030. The market’s expansion is driven by a shift in regional attitudes toward hemp-based products, with rising acceptance and progressive legalization trends gaining traction across various Asia Pacific nations. Increasing consumer awareness regarding the potential therapeutic and wellness benefits of cannabidiol has led to heightened demand, fueling innovation and product diversification within the sector. In response to this surging demand, companies operating in the Asia Pacific CBD space are focusing on developing a wide array of cannabidiol-infused offerings. These include edibles, topical formulations, and infused beverages, which cater to both medicinal and lifestyle-oriented consumers. The rise o...