The Cannabidiol Oil Market was worth US$ 5.4 Billion in 2019 and is expected to expand at a CAGR of 20% through 2030. The cannabidiol oil is majorly being used in wellness and medical sectors owing to its healing properties.
Cannabidiol oil is commonly popular as CBD. CBD offers several health benefits which is anticipated to propel the growth of global market during the forecast period. CBD has pain relieving properties which makes it useful in treatment of chronic pain by together with neurotransmitters, reducing inflammation, and impacting endocannabinoid receptor activity. It can also reduce depression and anxiety.
According to a study conducted by WHO, depression is one of the largest contributors in rising occurrences of disability. However, anxiety holds the sixth position. Moreover, cannabidiol oil helps in reducing acne, contain neuroprotective properties, and helps in improving heart health. Moreover, government approvals in several nations such as? is anticipated to increase the product adoption and utilization in forthcoming years.
Based on region, North America is anticipated to be the leading region while Asia Pacific is projected to witness highest CAGR during the forecast period. China is one of the largest hemp cultivators, nearly 50% of world’s hemp production is generated from China itself. The country exports its more than 90% of production to several countries including Japan, Netherlands, U.K., Germany, and U.S. This is anticipated to fuel the cannabidiol oil adoption in Asia Pacific.
Moreover, rising number of American countries legalizing use of cannabis for medical purposes is expected to favor the regional growth. Additionally, implementation of Farm Bill in U.S. to allow hemp-derive cannabidiol oil is one of the major driving factors for the regional growth. Middle East & Africa is also expected to witness noteworthy growth over the forecast period. However, growth of cannabidiol oil market in South America is anticipated to be stagnant.
Cannabidiol Oil Market Value Share Analysis, by Geography (2022)
The report titled “Cannabidiol Oil Market- Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global Cannabidiol Oil Market.
Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global Cannabidiol Oil Market is segmented on the basis of source, distribution channel, and application. Based on source, the global market can be bifurcated into marijuana and hemp. On the basis of distribution channel, the global market can be segmented into B2B and B2C. The B2C segment is further sub segmented into retail stores, online, and hospital pharmacies. Furthermore, the application segment can be divided into pharmaceuticals personal use, wellness, and medical. The wellness segment is sub segmented into Nutraceuticals, Personal Care & Cosmetics, Food & Beverages, and Others. Similarly, the medical segment can be sub segmented into cancer, mental disorder, chronic pain, and others. Based on geography, the global Cannabidiol Oil Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Belgium, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, the UAE, and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on Cannabidiol Oil. Further, market share of prominent companies in the global cannabidiol oil market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the cannabidiol oil companies. The global cannabidiol oil market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution.
Product portfolio would focus on all the products under the cannabidiol oil business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global cannabidiol oil market.
The global cannabidiol oil market is highly competitive with several regional and global players. Companies are focused on gaining competitive edge by implementing various organic growth strategies. Some of the prominent player involved in global Cannabidiol Oil Market include Emblem Cannabis, Aphria Inc., NuLeaf Naturals, Folium Biosciences, Absolute Terps, Freedom Leaf, Inc., Whistler Medical Marijuana Corporation, Green Roads of Florida, LLC, Pharmahemp, Charlotte's Web Holdings, Inc., HempLife Today, ENDOCA, Kazmira LLC, CBD American Shaman, Curaleaf Holdings, Inc., CV Sciences, Inc., MedMen Enterprises Inc., Medical Marijuana, Inc., Aurora Cannabis, and Canopy Growth Corporation.
Market Segmentation:
By Source:
By Distribution Channel:
By Application:
By Geography
The major active players are Emblem Cannabis, Aphria Inc., NuLeaf Naturals, Folium Biosciences, Absolute Terps, Freedom Leaf, Inc., Whistler Medical Marijuana Corporation, Green Roads of Florida, LLC, Pharmahemp, and others.
The sample report for the Cannabidiol Oil Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
Based on source, the Cannabidiol Oil market is segmented into marijuana and hemp.
Rising number of American countries legalizing use of cannabis for medical purposes is expected to favor the regional growth. Implementation of Farm Bill in U.S. to allow hemp-derive cannabidiol oil is one of the major driving factors for the regional growth.
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