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U.S. Minor Cannabinoids Market by Type (Cannabigerol (CBG), Cannabinol (CBN), Cannabichromene (CBC), Tetrahydrocannabivarin (THCV), Cannabigerolic acid (CBGA), Other minor cannabinoids), by Product (Isolates, Distillate), by Application (Pain management, Neurological disorders, Anxiety/stress, Sleep disorders, Joint pain & inflammation, Skin care, Other applications), by End-use (Pharmaceutical companies, Cosmetic companies, Other end-users), by U.S. Forecast 2025-2033
The size of the U.S. Minor Cannabinoids Market was valued at USD 278.2 Million in 2024 and is projected to reach USD 731.06 Million by 2033, with an expected CAGR of 14.8% during the forecast period. The U.S. Minor Cannabinoids Market centers on the creation, distribution, and use of cannabinoids apart from the popular CBD (cannabidiol) and THC (tetrahydrocannabinol). These lesser-known cannabinoids, including CBG (cannabigerol), CBN (cannabinol), CBC (cannabichromene), among others, are attracting more interest for their possible therapeutic advantages, such as anti-inflammatory, pain-relieving, neuroprotective, and sleep-improving effects. As the legal framework regarding cannabis changes and studies on the health advantages of cannabinoids widen, the market for minor cannabinoids is seeing considerable expansion. These substances are being added to various products, such as oils, tinctures, edibles, topicals, and dietary supplements, addressing particular health and wellness requirements. The market is further fueled by the increasing consumer demand for natural, plant-derived options to address issues such as anxiety, insomnia, and chronic pain. Improvements in extraction techniques and an increasing number of clinical trials validating the effectiveness of minor cannabinoids are driving this market forward. As the demand for alternative wellness options grows and research into their advantages increases, the U.S. Minor Cannabinoids Market is set for ongoing growth.
The market is moderately concentrated, with major players focusing on innovation and product differentiation. Regulations, such as the Farm Bill, have played a vital role in shaping the market landscape. Product substitutes from synthetic and plant-derived sources pose potential challenges. High levels of end-user concentration indicate the market's dependence on specific customer segments.
Key trends shaping the market include:
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 14.8% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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