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CBD Oil Market is estimated to be valued at USD 3782.32 Million with CAGR of 38.45% by 2024 | Industry Size, Major Share, Trends, Growth, Components, Application, Logistics, Global Market Key Players and Regional Forecast

October 22nd, 2019 Market Research Future Releases

CBD Oil Market Outlook 2019 to 2024, Research Report Published By Market Research Future. CBD Oil Market analyzed by Type (Hemp-Derived & Marijuana-Derived), Application (Cosmetics Industry, Food Industry, Pharmaceuticals Industry & Others) and Region (Americas, Europe, Asia-Pacific and Middle East &Africa) – Forecast till 2024

CBD Oil Market Highlights

The CBD Oil Market is estimated to be valued at USD 3782.32 Million by 2024 and expected to grow at a CAGR of 38.45% during the forecast period. CBD is a cannabinoid found in the cannabis plant. CBD oil acts as a natural pain reliever, have anti-inflammatory properties and could reduce epileptic seizures, etc.

Free Sample PDF Available Here!!https://www.marketresearchfuture.com/sample_request/7355 

From the past few years, the market for CBD oil had been increasing owing to rising legalization of cannabis and growing R&D in the field. Following the same, it is noted that new market players have been emerging in the market owing to the rising demand for CBD oil.

CBD Oil Market-  Segment Analysis

Global CBD oil market has been segmented on the basis of type, and application. On the basis of type, the market has been divided into hemp-derived and marijuana-derived types. The Hemp-derived CBD oil type is holding the major share of the overall CBD oil market. It has been estimated that the hemp-derived segment is growing at the highest CAGR to reach USD 2,092.97 Million by the end of 2024. Most of the legal CBD-based products in the market are hemp-based. According to the 2018 Farm Bill, companies can legally grow, manufacture, possess, and sell hemp-derived CBD products.  

Market Segmentation

Global CBD Oil Market, by Type

  • Hemp-Derived
  • Marijuana-Derived

Global CBD Oil Market, by Application

  • Cosmetics Industry
  • Food Industry
  • Pharmaceuticals Industry
  • Others

Global CBD Oil Market, by Region

  • North America
    • US
    • Canada
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • Europe
    • Germany
    • Russia
    • France
    • Italy
    • UK
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • Australia
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • Turkey
    • UAE
    • Egypt
    • South Africa
    • Rest of Middle East & Africa

Intended Audience

  • CBD manufacturers and suppliers
  • Medical research laboratories
  • Research and development (R&D) companies
  • Market research and consulting service providers
  • Potential investors

OBTAIN RESEARCH REPORT DETAILS WITH TOC @ https://www.marketresearchfuture.com/press-release/cbd-oil-market

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

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