Cannabis Concentrate Market to Grow Immensely at a CAGR of 25.04% From 2023 To 2032
According to Custom Market Insights (CMI), the cannabis concentrate market touched USD 3.94 billion in the year 2021 and is expected to rise to around USD 18.5 billion by the end of 2030 at a compound annual growth rate of 25.04%. The demand for the products obtained from cannabis concentrate has experienced a surge in the current market owing to the numerous benefits which have been obtained from them. The therapeutic value of cannabis products proves to be an important benefit for society as it helps to cure a number of chronic diseases. Cannabis concentrates are used widely in the preparation of ointments and lotions which are used by the cosmetic industry in order to produce faster effects on the skin. A number of neurological disorders are also treated with the support of cannabis concentrates which are mainly obtained from the cannabis flowers. The variation in the temperature settings in order to obtain the active principles from the cannabis flowers place ...