CBD Oil Market Information By Product Type (Natural and Blended), By Price Point (Premium and Medium), By Application (Cosmetic, Industrial, Pharmaceuticals, and Food & Beverages), By Distribution Channel (B2B and B2C), and By Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2030
The CBD oil market size is projected to reach approximately USD 42.85 Billion by 2030, at a CAGR of 15.60% from 2022-2030. Rising research and development efforts and financial funding for CBD oil research from multiple private and government agencies are expected to grow the market.
CBD oil, also known as Cannabidiol oil, is a substance derived from the Cannabis plant, typically from the hemp variety. The CBD oil market refers to the commercial and financial landscape of the production, distribution, and sale of CBD oil products. The market for CBD oil has been growing rapidly in recent years, driven by increasing consumer demand and favorable legal and regulatory developments. This has led to the emergence of many new players in the industry, including both small and large companies.
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The COVID-19 pandemic has had a significant impact on the CBD oil (Cannabidiol Oil) market, both in terms of demand and supply. The pandemic has created a highly uncertain and volatile economic environment, which has affected consumer spending and behavior, as well as the operations of businesses across many industries.
The pandemic has led to an increase in stress and anxiety levels among consumers, which has boosted demand for CBD oil products as a natural remedy for these conditions. At the same time, stay-at-home orders and social distancing measures have made it easier for consumers to purchase CBD oil products online, driving growth in the e-commerce sector of the market.
CBD Oil Market Segmentation
The CBD Oil (Cannabidiol Oil) market has been segmented into type and application.
Based on the type, the market has been segmented into Hemp-Derived and Marijuana-Derived.
Based on the application, the market has been segmented into Cosmetics Industry, Food Industry, and Pharmaceuticals Industry and Others.
Some of the key market players are:
- Aphria Inc. (Canada)
- Folium Biosciences (US)
- Freedom Leaf Inc. (US)
- Green Roads of Florida LLC (US)
- Charlotte’s Web Holdings Inc. (US)
- ENDOCA (Netherlands)
- CBD American Shaman (US)
- CV Sciences Inc. (US)
- Medical Marijuana Inc. (US)
- Canopy Growth Corporation (US)
Browse In-depth Market Research Report (117 Pages) on CBD Oil: https://www.marketresearchfuture.com/reports/cbd-oil-market-7355
CBD Oil Market Regional Analysis
The largest region of the CBD oil (Cannabidiol Oil) market is North America, specifically the United States. This is due to a number of factors, including favorable legal and regulatory developments, a large and growing consumer market, and the presence of many established and emerging players in the industry.
The United States has been a leader in the legalization and regulation of hemp-derived CBD products, which has created a favorable environment for the growth and development of the industry.
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