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

Thursday 19 December 2019

CBD Oil (Cannabidiol Oil) Market Value Chain, Factor Analysis, Region and Forecasts To 2023

CBD oil market is predicted to touch USD 3782.32 million at a 38.45% CAGR between 2015-2023

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.
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.


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

Read More Here !! https://www.marketwatch.com/press-release/cbd-oil-cannabidiol-oil-market-research-report-2019-industry-trend-growth-future-scope-demand-top-key-players-update-hemp-oil-demand-and-regional-forecast-2019-12-04
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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.
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