ResearchAndMarkets.com recently added its report on the U.S. cannabinoids market size, share and trends based on product and segment forecasts from 2022-2030 to its offering. The U.S. cannabinoids market size is expected to reach $60.4 billion by 2030 and is expected to expand at a CAGR of 16.2%. Growing awareness regarding the health benefits provided…
Cannabis Drinks Market Expects Growth
The global cannabis drinks market is set to witness growth, according to a Future Market Insights report. It will grow at a CAGR of 37.3% and top a valuation of $8.3 billion by 2032. Various health benefits, such as improved sleep patterns, weight loss, depression and anxiety reduction, blood pressure regulation, and others are predicted…
Americans Change Grocery Purchasing Behavior
According to research gathered in a survey by NCSolutions (NCS), 45% of Americans feel like they can’t afford their former lifestyle. Additionally, 76% of American consumers say their family has changed how they buy groceries with the recent rise in prices. Two-thirds are also more mindful of how they are spending their money. Eighty-five percent…
Imports Expected to Slow in Second Half of 2022
According to the monthly Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates, after a record-setting spring, imports at the nation’s major container ports are expected to slow significantly for the remainder of the year but 2022 should still see a net gain over 2021. “Retail sales are still growing,…
Trucking Fleets to Invest in Sustainable Fuels
TravelCenters of America released a survey that found that leaders of some of the largest trucking fleets have plans to invest in fleets powered by sustainable fuels. Fleet companies have begun making investments in electric and hydrogen-powered vehicles and expect to continue to do so in the next few years. The survey was released as…
NACS and NielsenIQ Share Industry Report
The National Association of Convenience Stores (NACS) and NielsenIQ have teamed up to release their inaugural global convenience retailing industry report. The report provides data, macro trends and analysis across 23 countries in North America, Europe and Asia-Pacific regions. Highlights Thirteen countries experienced growth in convenience store sales during the first quarter of 2022 versus…
Contactless Payment Transactions Continue to Increase
A study conducted by Cantaloupe and the Broad College of Business at Michigan State University revealed that contactless transactions at vending machines soared during the COVID-19 pandemic compared to cash payments. The data collected for the study analyzed a sample set of 160,000 Cantaloupe ePort cashless devices across various location segments. The “Payments in Unattended…
CBD Consumer Health Market Projected to Grow
Zion Market Research has released a study that projects the CBD Consumer Health market to grow from $10.3 billion in 2021 to $37.6 billion by 2028. Over this forecast period, the market is projected to exhibit a compound annual growth rate (CAGR) of approximately 24.1%. CBD Consumer Health Market: Overview Cannabidiol has grown in popularity…
Cannabis Seeds Market to See Major Growth
Data Bridge Market Research recently released a study that focused on the global cannabis seeds market, which finds that the market was valued at $1.4 billion in 2021 and is expected to reach $5.7 billion by 2029, registering a CAGR of 18.7% during this forecast period. In recent years, cannabis seeds have shown a considerable…
FDA Regulation of CBD Can Impact Market Growth
Brightfield Group released “CBD: FDA Impact & the Path Forward” — its 2022 mid-year U.S. CBD report. It includes forecasts for two scenarios — with and without Food and Drug Administration (FDA) regulation — to help prepare clients for what to expect if FDA guidance delays continue and for changes in the market that would…