CBD Oil (Cannabidiol Oil) Market Application and current Trends in Healthcare industry, CBD Oil (Cannabidiol Oil) Market: Information by Type (Hemp-Derived & Marijuana-Derived), Application (Cosmetics Industry, Food Industry, Pharmaceuticals Industry & Others) and Region (Americas, Europe, Asia-Pacific and Middle East &Africa) – Global Forecast till 2024
CBD Oil Market Analysis
The global CBD oil market is predicted to touch USD 3782.32 million at a 38.45% CAGR between 2015-2023, reveals the latest Market Research Future (MRFR) report. CBD or cannabidiol oil, simply put, is a natural botanical concentrate that is high in CBD. This oil is made by CBD from the cannabis plant and the same is diluted with a carrier oil such as hemp seed or coconut oil. It helps to alleviate cancer symptoms, acts as diabetes prevention, improves heart health, reduces acne, and helps in pain management and stress relief.
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Various factors are propelling the CBD oil market growth. These factors, as per the new Market Research Future (MRFR) report, include legalization of cannabis-based products, growing use of marijuana for medical and recreational applications, increasing use of CBD oil in nutritional supplements and body care products, and growing use of CBD oil in vape, tincture, and spray. Additional factors propelling the CBD oil market growth include the growing use of CBD oil in the food and beverage industry, rising incidence of chronic diseases as well as related complications, and increasing funding for cannabinoid research.
On the flip side, strict government policies and adverse effects related to cannabis are factors that may deter the CBD oil market growth over the forecast period.
CBD Oil Market Segmentation
The MRFR report provides an all-inclusive segmental analysis of the CBD oil market on the basis of type and application.
Based on type, the CBD oil market is segmented into marijuana-derived and hemp-derived types. Of these, the hemp-derived CBD oil segment will lead the market over the forecast period owing to the varying concentration of THC in marijuana and hemp. Hemp has a low concentration of THC while marijuana has THC in abundance, thus hemp is utilized for industrial purposes, and marijuana is grown for medicinal and recreational purposes.
Based on the application, the CBD oil market is segmented into cosmetics, food, pharmaceuticals, and others. Of these, the cosmetics segment will have the largest share in the market over the forecast period. Extensive research on CBD and increased legalization are increasing the application of CBD oil in cosmetics such as beauty products that are infused with CBD oil as hemp-derived oils provide moisturization, is anti-inflammatory, and helps to unclog pores.
CBD Oil Market Regional Analysis
By region, the CBD oil market report covers the latest trends and growth opportunities across the Asia Pacific, the Middle East and Africa, Europe, and the Americas. Of these, the Americas will lead the market over the forecast period chiefly on account of the growing consumption of cannabis-based products.
The CBD oil market in Europe is predicted to have the second-largest share in the market over the forecast period chiefly on account of increasing awareness regarding clinical applications of cannabis. Russia, the UK, Germany, Italy, and France are the chief contributors in the region.
The CBD oil market in the APAC region is predicted to grow at the highest CAGR over the forecast period.
On the other hand, in the MEA, the CBD oil market is predicted to have restricted growth owing to illegal usage of marijuana, adverse effects related to cannabis, and strict government policies.
CBD Oil Market Analysis by Top Key Players
Major players profiled in the CBD oil market report include
- Emblem Cannabis
- NuLeaf Naturals
- Absolute Terps
- Whistler Medical Marijuana Corporation
- Pharmahemp
- HempLife Today
- Kazmira LLC
- Curaleaf Holdings
- MedMen Enterprises
- Aurora Cannabis
- Canopy Growth Corporation
- Medical Marijuana
- CV Sciences
- CBD American Shaman
- ENDOCA
- Charlotte’s Web Holdings
- Green Roads of Florida
- Freedom Leaf
- Folium Biosciences
- Aphria Inc. (Canada).
Key players have used strategies such as mergers and acquisitions, partnerships, and expansions to create a niche in the market.
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Industry News
October 2019: Marine Corps veteran has recently launched a CBD oil shop in Centerville. This store will sell SunMed products, including CBD (cannabidiol) oils, edibles, creams, skincare, and capsules, and offer products both for people and pets.
CBD Oil (Cannabidiol Oil) Market Brief Description Of List of Table, Figure and TOC
List of Figures
FIGURE 1 GLOBAL CBD OIL MARKET: MARKET STRUCTURE 14
FIGURE 2 RESEARCH PROCESS 16
FIGURE 3 TOP-DOWN & BOTTOM-UP APPROACH 19
FIGURE 4 MARKET DYNAMICS: ANALYSIS OF GLOBAL CBD OIL MARKET 21
FIGURE 5 VALUE CHAIN: GLOBAL CBD OIL MARKET 26
FIGURE 6 PORTER’S FIVE FORCES ANALYSIS: GLOBAL CBD OIL MARKET 27
FIGURE 7 GLOBAL HEMP BASED PRODUCTS MARKET, BY INDUSTRIAL APPLICATION, 2017 (%) 31
FIGURE 8 GLOBAL HEMP BASED PRODUCTS MARKET, BY HEMP CBD PRODUCT TYPE, 2017 (%) 31
FIGURE 9 GLOBAL HEMP BASED PRODUCTS MARKET, BY REGION, 2017 & 2023 (USD MILLION) 32
List of Tables
TABLE 1 PRIMARY INTERVIEWS 16
TABLE 2 GLOBAL HEMP BASED PRODUCTS MARKET, BY REGION 2015-2023 (USD MILLION) 32
TABLE 3 AMERICAS HEMP BASED PRODUCTS MARKET, BY REGION 2015-2023 (USD MILLION) 33
TABLE 4 NORTH AMERICA HEMP BASED PRODUCTS MARKET, BY REGION 2015-2023 (USD MILLION) 33
TABLE 5 EUROPE HEMP BASED PRODUCTS MARKET, BY REGION 2015-2023 (USD MILLION) 34
TABLE 6 WESTERN EUROPE HEMP BASED PRODUCTS MARKET, BY REGION 2015-2023 (USD MILLION) 34
TABLE 7 ASIA-PACIFIC: HEMP BASED PRODUCTS MARKET, BY COUNTRY 2015–2023 (USD MILLION) 35
TABLE 8 REST OF THE WORLD (ROW) HEMP BASED PRODUCTS MARKET, BY REGION 2015-2023 (USD MILLION) 35
TABLE 9 GLOBAL HEMP BASED PRODUCTS MARKET, BY INDUSTRIAL APPLICATION, 2015–2023 (USD MILLION) 36
TABLE 10 GLOBAL HEMP BASED PRODUCTS MARKET, FOR HEMP CBD BY TYPE, 2015–2023 (USD MILLION) 37
TABLE OF CONTENTS
1 Report Prologue
2 CBD Oil Market Introduction
2.1 Definition
2.2 Scope Of The Study 14
2.3 Assumptions & Limitations 14
2.3.1 Assumptions 14
2.3.2 Limitations 14
2.4 Market Structure 14
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
Related Report:
CBD Hemp Oil Market (https://bit.ly/32t0WkT)
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