APAC’s cannabidiol (CBD) and hemp sector is expected to progress rapidly over the coming years, especially in India, China and Australia where they are approved for food use, although many other nations are still wary of granting the regulatory go-ahead.
This is why in this edition of the FNA Deep Dive, we take a closer look at the CBD and hemp industry from a food and nutrition perspective, and how APAC firms are producing products such as beverages, edible oils, meat alternatives, spreads and more.
The rapid growth of this industry is expected to be propelled by the growing number of vegans in the region and rising health consciousness due to hemp and CBD’s nutritional benefits, and the industry as a whole is expected to grow some 28.6% to hit US$22.9bn by 2027.