Cbd oil market size
October 28, 2020 06:00 ET | Source: Market Study Report, LLC. Market Study Report, LLC.
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Selbyville, Delaware, Oct. 28, 2020 (GLOBE NEWSWIRE) — As per the trusted sources, global CBD oil (cannabidiol oil) market share is expected to reach a valuation of USD 24.08 billion by the year 2027. On-going research activities that confirm therapeutic value of cannabis, and affirmations by the WHO and the U.S. National Academies of Sciences, Engineering, and Medicine are encouraging the governments, research scholars, consumers, and health-care providers to consider the product potential, thereby boosting the demand for medical cannabis and impelling market growth.
The study fragments global CBD oil (cannabidiol oil) market sphere based on application spectrum, grade, form, source, regions, and competitive landscape. It provides overview of different segments and their industry stake, while showcasing pivotal information about the changes in market with respect to leading companies.
CBD oil is widely known to relieve anxiety and help the insomnia patients to fall asleep and stay asleep. It has a lot of potential which is not limited to certain conventional products such as dried form, oil spray, tinctures, and tea. Many organizations are taking measures to rediscover cannabis as medicine by engaging customers to social clubs, thereby positively influencing the global CBD oil (cannabidiol oil) industry outlook.
Further, rising consumer inclination towards CBD usage due to its benefits in treating migraine, depression, and other psychological conditions in consort with changing methods in pharmaceutical companies for drug manufacture using cannabis, and legalization of medical cannabis in many countries will also contribute to the industry growth during forecast period. However, rising abuse among younger generation might confine global CBD oil (cannabidiol oil) market size.
Highlighting source terrain
As per industry experts, marijuana derived cannabidiol oil market segment is projected to grow substantially over 2020-2027, owing to high product demand for refined cannabis-based products and rising legalization in several countries due to the medical advantages. Further, availability of the product in government sponsored dispensaries and stores is also contributing to segmental growth. The typical products made using marijuana based CBD oil include capsules, tincture, oils, concentrates, lip balms, and lotions as well as edibles such as ice creams, candies, coffees, and gums.
Elaborating application spectrum
Worldwide CBD oil (cannabidiol oil) industry share from pharmaceuticals application is estimated to witness rapid growth during the forecast period, owing to high prevalence of severe medical conditions such as schizophrenia, multiple sclerosis, Alzheimer’s disease, and sleep related disorders among aged individuals. Further, collaborations between bio-pharmaceutical companies and cannabis producers to manufacture drugs containing cannabis for treatment of certain health disorders is also propelling the segmental growth.
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North America turned out to be major revenue generator for global CBD oil (cannabidiol oil) market in the recent past, claims the report. Although, cannabis is not yet federally legalized in the country, 33 U.S. states have enacted laws for legalizing cannabis for medical use, and 10 states have legalized cannabis usage for adults. Progressive views of Americans regarding cannabis use, in tandem with innovations such as ingestion methods, derivative products, cultivation techniques, and new genetics will continue to provide impetus to North America CBD oil industry.
Global CBD Oil (Cannabidiol Oil) Market Outlook by Source Type (Revenue, USD Million, 2016-2027)
- Marijuana Derived
- Hemp Derived
Global CBD Oil (Cannabidiol Oil) Market Growth by Grade (Revenue, USD Million, 2016-2027)
Global CBD Oil (Cannabidiol Oil) Market by Form Type (Revenue, USD Million, 2016-2027)
- Process Oil
Global CBD Oil (Cannabidiol Oil) Market Application Outlook (Revenue, USD Million, 2016-2027)
- Cosmetics & Personal Care
- Food & Beverages
Global CBD Oil (Cannabidiol Oil) Market Regional Overview (Revenue, USD Million, 2016-2027)
- Czech Republic
- New Zealand
- South Korea
Middle East & Africa
- South Africa
Global CBD Oil (Cannabidiol Oil) Market Competitive Landscape (Revenue, USD Million, 2016-2027)
- Canopy Growth Corporation
- Aurora Cannabis, Inc.
- Folium Biosciences (Whole Hemp Company LLC)
- Isodiol International Inc.
- Tilray Inc.
- Medical Marijuana Inc.
- Cannoid LLC
- NuLeaf Naturals LLC
- CV Sciences Inc.
- Aphria Inc.
- Charlotte’s Web (CW Hemp)
- Green Roads CBD
- GW Pharmaceuticals plc
- Elixinol LLC
- Gaia Herbs LLC
- Diamond CBD
Table of Contents
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Cannabidiol Oil Market Insights
4.1. Cannabis Oil – Industry snapshot
4.2. Cannabidiol Oil Market Dynamics
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Cannabidiol Oil Market Industry trends
5. Cannabidiol Oil Market Assessment by Source
5.1. Key Findings
5.2.1. Global Cannabidiol Oil Market, By Source, 2016 – 2027 (USD Million)
5.3. Hemp Derived
5.3.1. Global Cannabidiol Oil Market, by Hemp Derived, by Region, 2016- 2027 (USD Million)
5.4. Marijuana Derived
5.4.1. Global Cannabidiol Oil Market, by Marijuana Derived, by Region, 2016- 2027 (USD Million)
6. Global Cannabidiol Oil Market, by Form
6.1. Key Findings
6.2.1. Global Cannabidiol Oil Market, By Form, 2016 – 2027 (USD Million)
6.3.1. Global Cannabidiol Oil Market, by Process Oil, By Region, 2016- 2027 (USD Million)
6.4.1. Global Cannabidiol Oil Market, by Distillate, by Region, 2016- 2027 (USD Million)
6.5.1. Global Cannabidiol Oil Market, by Isolate, by Region, 2016- 2027 (USD Million)
7. Global Cannabidiol Oil Market, by Grade
7.1. Key Findings
7.2.1. Global Cannabidiol Oil Market, By Grade, 2016 – 2027 (USD Million)
7.3.1. Global Cannabidiol Oil Market, by Food, By Region, 2016- 2027 (USD Million)
7.4.1. Global Cannabidiol Oil Market, by Therapeutic, by Region, 2016- 2027 (USD Million)
8. Cannabidiol Oil Market Assessment by Application
8.1. Key Findings
8.2.1. Global Cannabidiol Oil Market, By Application, 2016 – 2027 (USD Million)
8.3. Food and Beverages
8.3.1. Global Cannabidiol Oil Market, by Food and Beverages, by Region, 2016- 2027 (USD Million)
8.4. Cosmetics and Personal Care
8.4.1. Global Cannabidiol Oil Market, by Cosmetics and Personal Care, by Region, 2016- 2027 (USD Million)
8.5.1. Global Cannabidiol Oil Market, by Pharmaceuticals, by Region, 2016- 2027 (USD Million)
9. Cannabidiol Oil Market Assessment by Geography
Cannabidiol (CBD) Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020-2026
Cannabidiol (CBD) Market size is set to grow at around 52.7% CAGR between 2020 and 2026, as per new research report. Cannabidiol is a compound found in hemp plant which is being utilized due its therapeutic properties in humans. The growing trend among individuals to treat a variety of ailments such as anxiety, nausea, stress, chronic pain, neurological conditions and seizures are booming. This is due to the antibiotic and analgesic effects & properties present in cannabidiol. From a regional frame of reference, the Europe cannabidiol market is projected to reach a CAGR of 35.2% during the forecast timeframe with a revenue of USD 23,535 million by 2026.
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According new report added by MarketStudyReport LLC, ‘CBD oil (cannabidiol oil) market’ entails a thorough assessment of several attributes that shape this…
Cannabidiol (CBD) Oil Market 2020 Industry Size, Share, Price, Trend and Forecast to 2025
November 24th, 2020 WISEGUY RESEARCH CONSULTANTS PVT LTD Releases
Wiseguyreports.Com Adds “Cannabidiol (CBD) Oil -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2025” To Its Research Database
The global market for cannabidiol (CBD) oil should grow from $967.2 million in 2020 to $5.3 billion by 2025, at compound annual growth rate (CAGR) of 40.4% for the period of 2020-2025.
CBD oils are primarily used in pharmaceutical, food, cosmetic and other industries. The cosmetic and food industry segments accounts for more than half of the market. However, the pharmaceutical industry segment is expected to expand significantly, with a higher CAGR (REDACTED) from 2020-2025. Regionally, North America captured the largest share of the CBD oil market, with sales of REDACTED in 2019. However, the Asia-Pacific is one of the fastest-growing regions with a market size of REDACTED in 2019. The Asia-Pacific region is expected to grow at a CAGR of REDACTED from 2020-2025 and reach REDACTED by 2025.
Cannabidiol (CBD) oil is a safe, non-addictive substance found in the cannabis plant. CBD is the most common cannabinoid found in cannabis after tetrahydrocannabinol (THC). Out of all cannabinoids, cannabidiol oil is the one that is most used for medical purposes due to the absence of psychoactive effects. CBD oil is used in several medical applications such as treatment of anxiety and depression, stress relief, diabetes prevention, mitigation of pain, alleviation of cancer symptoms and acne reduction. The global CBD market is anticipated to grow at a strong rate over the forecast period owing to the growing adoption of CBD-based products for treating various medical conditions.
The global CBD oil market is mainly driven by growing research funding for cannabinoid research, legalization of CBD in various regions and the rising occurrence of chronic diseases and related complications. However, the adverse effects associated with cannabis and stringent government policies may slow the growth of the market.
The major operational strategies adopted by key competitors include R&D activities, establishment of joint ventures, collaborations, partnerships, product launches, and mergers and acquisitions. R&D activities and product launches are the topmost strategies to improve market position and brand image. The CBD oil market is a highly competitive market with the presence of many national, regional and local companies. Demand in the market calls for both cost and product differentiation, continuous product development and upgrades to assure and sustain profitability.
This report covers a range of products. This study will enable readers to understand and gain insights into the current market and will forecast changing market scenarios. The data provided can help users understand which market segments are expected to grow at the highest rates, along with factors driving growth and limiting growth, key opportunity areas, and more.
Discussion and analysis cover the following topics –
– Key market analysis.
– Market dynamics, including drivers and restraints.
– Competitive developments and competitive landscape.
– Geographic regional analysis.
– Regulatory scenarios in major regions.
– Profiles of key market players.
This report offers a detailed, competitive outlook including market shares and company profiles of key participants. Key players profiled in the report include: Medical Marijuana Inc., Isodiol International Inc., ENDOCA, Elixinol Global Ltd., CV Sciences Inc., CBD American Shaman, Canopy Growth Corp., Aurora Cannabis and others.
This report is focused on two types of CBD oil products –
– Hemp derived.
– Marijuana derived.
– 35 data tables and 40 additional tables
– An overview of the global markets for cannabidiol (CBD) oil
– Analyses of the global market trends, with data corresponding to market size for 2019, estimates for 2020, and projections of compound annual growth rates (CAGRs) through 2025
– Evaluation of the market potential for CBD oil and identification of the dynamics of each key market segment
– Comprehensive analysis of cannabidiol oil products and application segments
– Examination of the current trends and future prospects, products, evolving technologies, and new industries
– Brief insight into cannabis cultivators, manufacturers and other market participants related to the drug development industry and their key competitive landscape
– Information on the key merger and acquisition deals, partnerships, agreements and collaborations in the global CBD oil market
– Analysis of the current situation and forecast of possible outcomes of the cannabis market over the next five years
– Profile descriptions of major market participants, including Aurora Cannabis Inc., Canopy Growth Corp., Charlotte’s Web Holdings Inc., GW Pharmaceuticals and Tilray
AURORA CANNABIS INC.
CANOPY GROWTH CORP.
CBD AMERICAN SHAMAN
ELIXINOL GLOBAL LTD.
GW PHARMACEUTICALS PLC
ISODIOL INTERNATIONAL INC.
MEDICAL MARIJUANA INC.
Cannabidiol (CBD) Oil Industry Description Wiseguyreports.Com Adds “Cannabidiol (CBD) Oil -Market Demand, Growth, Opportunities and Analysis Of Top Key