Symtomax CBD ORAL TAB: innovative delivery for cannabinoids

Over the past few years the global market for cannabidiol (CBD) has expanded rapidly with growing demand for CBD products expected to continue through 2022 transforming this market into a mega industry of its own.

According to the latest research by the Global Wellness Institute (GWI), the worldwide wellness market grew 12.9% from a $3.72 trillion in 2017 to a $4.2 trillion (€3.5 trillion) in 2018.

Today the European market for CBD is approximately €450 million accounting for approximately 31% of global CBD oil market share, second only to North America. However, momentum is gathering quickly as more people recognise the potential of cannabinoid enriched products. As a result, EU projections are estimating the market to grow to at least €1.5 billion by 2023.