According to the research report titled ‘Global Cannabidiol (CBD) Tea Market Size study, by Type (Marijuana Derived, Hemp Derived, Synthetic and Others) by Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Convenience Stores, Online and Others) by Application (Millennial, Gen-z and Baby boomers) and Regional Forecasts 2022-2028’, available with MarketStudyReport, global cannabidiol (CBD) tea market is anticipated to grow decently over 2022-2028.

Report findings suggest that rising cannabidiol tea production, and approval of government on spending on R&D of cannabis are the major growth determinants for global cannabidiol tea market.

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As per Statista, cannabidiol tea production was worth USD 108 million in 2014 and is expected to reach USD 1,918 million by the year 2022.

For the unversed, CBD or cannabidiol is well known for its anti-inflammatory, anti-anxiety, and analgesic properties. The component improves the tea's general relaxing effects. Its adaptogen property lessen the damaging effects of stress on the mind and body.

However, product usage in food & beverage sector will face enormous regulatory and compliance problems, which in turn is expected to stifle market growth over the forecast period.

Based on type terrain, worldwide cannabidiol (CBD) tea market is divided into synthetic, hemp derived, and marijuana derived among others. In terms of distribution channel, the industry is branched into online, convenience stores, specialty stores, hypermarket & supermarkets, and others.  On the basis of application, the marketplace is classified into baby boomers, gen-z, and millennial.

Regionally, North America market holds major revenue share at present, since it is the most progressive region for cannabis & its products, along with the presence of prominent manufacturers in the region.

Whereas Asia Pacific industry is slated to expand with a healthy CAGR over the study period, owing to set-up of numerous hemp-producing facilities in the region and with China responsible for producing half the world’s hemp.

Speaking of competitive landscape, NewAge Inc., Alkaline88, VIVO Cannabis Inc., GW Pharmaceuticals plc, Aurora Cannabis Inc., CannTrust Holdings Inc., HEXO Corp., Tilray Brands Inc., Cronos Group Inc., and Canopy Growth Corporation are the leading players in global cannabidiol tea marketplace.