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Market Growth

Ahead of the Wave - Terpene Market Growth

Due to their application in the medical, pharmaceutical, cosmetic, and culinary worlds terpenes are expected to grow at a rate of 6.3% per year, reaching a market size of $730 million by 2024. These plant compounds can provide a lifestyle change, one from which many people could greatly benefit from. Whether it is a substitute for prescription medicine, an alternative to products with undisclosed, potentially toxic chemicals, or simply a desire to reconnect with one’s self and come in tune with nature, with terpenes and with the plants they’re found in.

 

“CBD May Be All The Rage, But Cannabis Terpenes Are About To Hit Big” -Forbes

 

“Terpenes: The Next Wave of Weed Innovation” - Mashable

“Terpenes Could Be the Next Big Cannabis Skin Care Trend” -CannabisMD