UK Predicted to Powerhouse Europe CBD Market, Vape Oil to Soar 80-Fold

Industry InsightMarket

Feb.08.2023

Cannabidiol (CBD) vape liquid market size will soar from $113 mn in 2021 to $8,348 mn in 2029 with a CAGR of 71.6%, according to the analysis report by Data Bridge Market Research.

Ellesmere Zhu

Cannabidiol (CBD) vape liquid market size will soar from $113 mn in 2021 to $8,348 mn in 2029 with a CAGR of 71.6%, according to the analysis report by Data Bridge Market Research.

UK Predicted to Powerhouse Europe CBD Market, Vape Oil to Soar 80-Fold — Source: Data Bridge

The report states:

1. Due to the rise of discretionary income and spending, and the change in global consumers' habits and their awareness of the health effect of CBD and the harm of tobacco, CDB vape oil market will skyrocket, driving the demand for vape liquid and devices, which, in turn, will create opportunities for the European CBD market.

2. Due to the increase in UK's vaping consumption, the market will demand CBD vape liquids increasingly, making UK the dominating role in the European CBD market.

3. Contenders will come along with lower prices and regulators will spare no efforts to curb its development as health risks caused by CBD liquid (such as lung damage) still exist.

4. Major players to date: CBDfx, HempBombs, JustCBD, Le petit vapoteur, Vape Dinner Lady, Malaya Hemp, Marry Jane, Paso, etc.

Reference:

[1] CBD (Cannabidiol) Vape Juice Market

Thumbnail source: prevention.com

#Legislation #Open system e-cigarettes #UK #Middle East #CBD #The United Kingdom #E-cigarette Market

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