Showing posts with label CBD. Show all posts
Showing posts with label CBD. Show all posts

Friday 8 November 2019

CBD (Cannabidiol) Hemp Oil Market Global Demand and Forecast (2019 to 2023)

MarketResearchFuture.com (MRFR) in it’s Recently Announced study report asserts that the “Global CBD Hemp Oil Market” the report offer detailed insights about the Historical Trends and Current Scenario with Top Industry Players, Demand, Major Drivers and Industry Dynamics up to 2023.
CBD Hemp Oil Market – Overview
As CBD is the next most prevalent cannabinoid, its application and demand have grown at a rapid pace in recent years. Market reports connected with the healthcare industry have been offered by Market Research Future which makes reports on other industry verticals that aims to analyze the current market scenarios better. The market is projected to develop at a positive rate in the upcoming forecast period.
The applications of CBD in pain relief, for the treatment of cancer symptoms, and its effect in reducing anxiety and depression is a major driver for the CBD hemp oil market. Thus, the application of CBD in relief and assist treatment is also being meaningfully expanded to other application areas to improve the market’s progress in the forecast period. Moreover, the application of CBD in the treatment topical skin problems is anticipated to boost the prospects available for the growth of the market.
Segmental Analysis
The segmentation of the CBD hemp oil market is carried out on the basis of application, region, product type, and distribution channel. On the basis of product type, the market for CBD hemp oil has been segmented into vape oil, spray, tincture, and others. On the basis of application, the market is segmented into pain relief, neurological disorder, diabetes, mood disorders, fibromyalgia, and others. Based on distribution channel, the CBD hemp oil market has been segmented into medical marijuana dispensaries, hospital pharmacies, retail pharmacies, e-commerce websites, and others. The regions considered in the market are Latin America, the Middle East, Europe, Africa, North America, and the Asia Pacific
Global CBD Hemp Oil Market - Geographical Analysis
The North American region backed by its largest production and consumption of the product for medicinal purposes, accounts for a leading market for CBD Hemp Oil. Additionally, factors such as the legal acceptance of CBD oil in various North American countries and the increasing application of CBD hemp oil in pharmaceutical products fosters the growth in the regional market.
Besides, North America is a hub for those CBD-based medicine companies. In North America, annually an increasing number of advancements of medical science, biotechnology, medicines/ pharma, and technology take place.
Due to the increasing consumption of CBD hemp oil in countries such as Turkey, Australia, and the Philippines the Asia Pacific region is expected to emerge as a promising market, globally. Moreover, Continuous research on the CBD hemp oil to bring out value-added products have been contributing to the growth of the CBD hemp oil market in the APAC.
Competitive Analysis
The employment of product differentiation has led to a favorable product differentiation scenario that is complementing the market’s growth. The participants in the market are trying to establish several USPs that will enable them to capture a more substantial share of the market. Additionally, the vertical additions and product tactics of the market is increasing the potential for the market players. The analysis of the market observes that the market is poised for an accelerated growth rate in the forthcoming years. Improved approachability to various resources and capabilities is projected to compel the growth of the market in the imminent forecast period. The use of successful strategy execution techniques is estimated to have a positive effect on the future growth of the market.
The prominent contenders in the CBD hemp oil market are Cannoid, ENDOCA, PharmaHemp,Elixinol, Folium Biosciences, Isodiol, Gaia Botanicals, Canopy Growth Corporation, Aurora Cannabis, Medical Marijuana, NuLeaf Naturals, CBD American Shaman, Aphria Inc., and others
Industry Updates:
Dec 2018 The US Congress has recently passed a bill that allows CBD products to be recognized as legal on the legislative level. The bill will allow the CBD products to be sold as products for consumers on retail store shelves. The bill also permits farmers to grow industrial hemp legally.
Related Reports

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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Wednesday 30 October 2019

Cannabidiol (CBD) Market - Trends and Demand By Global Industry Forecast to 2024

Oil made from Cannabidiol (CBD) is called CBD oil. A new report on the global CBD oil market, published by Market Research Future (MRFR), observes that this market could measure growth at 38.45% CAGR between 2018 and 2024. In terms of money value, the market can be worth USD 3782.32 Mn by the end of the forecast period.


The most important market driver for the global CBD oil market growth is rising research funding for cannabinoid research. Legalization of CBD in many countries and the rising occurrence of chronic ailments, along with the complications related to them are also strengthening market growth. Due to rising demand, many new market players are emerging. However, stringent government policies regarding CBD use and the adverse effects associated with cannabis can hinder the market growth. Use of all products derived from cannabis is controversial. Although cannabis-based products include CBD oil have various benefits, the fact about cannabis being an illegal narcotic cannot be ignored. Hence, CBD oil market always faces a lot of restrictions.

Market Segmentation
The global CBD oil market segmentation encompasses application, distribution channel, and type. MRFR’s take on the market surveys various facets of the market in-depth.
The application-based segmentation of this CBD oil market covers cosmetics industry, food industry, pharmaceuticals industry, and others. The cosmetic industry segment holds the largest market share due to the anti-inflammatory and non-psychoactive properties of CBD.
Regarding the distribution channel, the CBD oil market has been segmented into e-commerce websites, hospital pharmacies, medical marijuana dispensaries, and retail pharmacies. By type, the CBD oil market has been segmented into hemp-derived CBD oil and marijuana-derived CBD oil.

Regional Segmentation
A geographical outlining of the global CBD oil market covers the Americas (North America & Latin America), Europe, Asia Pacific, and the Middle East & Africa (MEA).
The Americas dominate the global market due to the increasing consumption of cannabis-based products. North America alone holds the potential of being the largest regional market due to the availability of advanced medical facilities and technological advancement. Most of the major market players in this region are based in USA and Canada. However, a sizable contribution to the market comes from Latin America too. In Latin America, the revenue rises maximum in Argentina, Brazil, and Colombia.
Europe is the second-largest regional market due to the rising awareness about clinical applications of cannabis. The most powerful country-specific markets in Western Europe are France, Germany, Italy, Spain, and the UK.
Asia Pacific region can experience the highest growth during the forecast period due to rapid development in technology, high density of population, improving the healthcare sector. The remarkable country-specific markets in this region are Australia, China, India, Japan, and South Korea.
During the forecast period, the MEA region has been anticipated to witness restricted growth due to adverse effects associated with cannabis, stringent government policies, and the illegal use of marijuana. Some country-specific markets that are better than most of the markets are Egypt, Saudi Arabia, Turkey, and UAE.

Key Players
Big players in the global CBD oil market include Absolute Terps (USA), Aphria Inc. (Canada), Aurora Cannabis (USA), Canopy Growth Corporation (USA), CBD American Shaman (USA), Charlotte's Web Holdings Inc. (USA), Curaleaf Holdings Inc. (USA), CV Sciences Inc. (USA), Emblem Cannabis (Canada), ENDOCA (Netherlands), Folium Biosciences (USA), Freedom Leaf Inc. (USA), Green Roads of Florida LLC (USA), HempLife Today (USA), Kazmira LLC (USA), Medical Marijuana Inc. (USA), MedMen Enterprises Inc. (USA), NuLeaf Naturals (USA), Pharmahemp (Slovenia), and Whistler Medical Marijuana Corporation (Canada).

Latest Industry News
  • Premium cannabis accessories sellers Greenlane Holdings Inc. has forged a partnership with Bouquet for exclusive US distribution of its full-spectrum CBD oil products That includes tinctures and capsules offering a variety of strengths. They are going to offer many other CBD and liquid nicotine products. 27 AUG 2019
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Monday 28 October 2019

World CBD Oil Market Set to Rise at a CAGR of 38.45% Over 2019-2024

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.


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 Players
Market Research Future (MRFR) recognizes the following companies as the key players in the global CBD oil market that includes 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), Aurora Cannabis (US), MedMen Enterprises Inc. (US), Curaleaf Holdings, Inc. (US), Kazmira LLC (US), and others.

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.  
Based on application, the global CBD oil market is segmented into pharmaceuticals, food, cosmetics, and others. Among these segments, the cosmetic industry accounts for the largest market share owing to the anti-inflammatory and non-psychoactive properties of CBD. Moreover, CBD infused beauty products are a major trend these days. For instance, Folium Biosciences, the US-based cannabinoid producer, offers cosmeceuticals which include CBD infused moisturizing relief cream.

CBD Oil Market Regional Analysis
The CBD oil market in the Americas has been segmented into North America and Latin America. The North American market is further divided into the US, Canada, and Mexico. The Americas dominate the global CBD oil market, owing to the increasing consumption of cannabis-based products. According to the World Health Organization (WHO), the consumption of marijuana has an annual prevalence rate of nearly 2.5% of the global population, i.e., approximately 147 million individuals. It is also reported that approximately 22.2 million Americans of 12 years of age and older use cannabis and related products for various reasons. Moreover, cannabis was approved for medicinal use in 28 states of the US, the District of Columbia, Guam, and Puerto Rico as of January 2017. Online availability of cannabis-based products is also boosting the market growth as cannabis consumers prefer to buy online from licensed producers or manufacturers.

Key Findings of the Study:
  • Global CBD oil market is projected to reach 32 Million by 2024 with 38.45% CAGR during the review period of 2019 to 2024
  • The Americas accounted for the largest share due to the increasing consumption of cannabis-based products along with rising legalization of cannabis in the region
  • The hemp-derived CBD oil segment, by type, is projected to reach USD 2,092.97 million by the end of 2024

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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
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