Cannabidiol (CBD) oil market Analysis: Projected to Grow at a CAGR of 32.5% During 2019 to 2027

Market Insights

The CBD oil market is expected to grow at a CAGR of 32.5% during the forecast period from 2019 to 2027, starting from US$ 534.4 Mn in 2018.

“New product launches by top manufacturers support the growth of the market”

Cannabidiol oil is gaining importance due to a variety of oil-related benefits. CBD helps reduce chronic pain, relieves stress and improves heart health. Rising expenditure on healthcare worldwide promotes the growth of the market. In addition, the use of CBD oil as a major ingredient in body and skincare products promotes market growth. As per the research conducted by Hexo Corp in North America suggests that in the year 2018, CBD sales in the U.S. accounts for around US$ 2 billion, the report also suggests that the sales of CBD will increase five times by the year 2025. Additionally, research studies suggest that the U.S. sales of CBD will reach about 1.8 billion by the year 2022, thereby, increases the demand for CBD oil.

Nowadays, consumers are more inclined to use natural and organic products as a result of the development of new CBD oil-based products by manufacturers and the aim of meeting the increasing consumer demand for CBD-based products. For example, PureCBD Factory launched a new product in June 2019. The new hemp CBD oil Tincture is non-GMO (genetically modified organisms) and organic. By the new CBD oil launch, company aims to expand its product portfolio to satisfy the growing demand for Cannabidiol oil in the U.S. market and internationally.

Top manufacturers of Cannabidiol oil are focusing to increase their product portfolio by launching new products in the market.

Get Sample Copy of This Report With Covid19 Impact Analysis: https://www.credenceresearch.com/report/cbd-oil-market 

Regional Analysis

“Rising number of research and development of CBD in medical treatments drive the market”

North America dominated the Cannabidiol oil market in 2018 and expected to remain dominant in the forecast period. Consumers in the North American region are more likely to use plant-based products. Thereby, increases the demand for CBD oil in the region. Furthermore, Farm Bill law, designed in December 2018, that removed cannabis plants and its derivative containing not more than 0.3% THC from the Controlled Substance Act, increases the demand for CBD oil in the region.

“Asia Pacific is projected to grow at a considerable rate during the forecast period”

Asia Pacific is expected to grow at a noticeable rate during the forecast period due to various funding based research projects on treatments including CBD. For instance, Singapore, the world’s most stringent drug law country, is funding research on various medical treatments containing synthetically-derived compounds of the marijuana plant. Thereby, is one of the key factor supporting the growth of the market.

Industrial Developments

  • In January 2020, Kadenwood, LLC. launched a new line of CBD oil drops. The company launched a new CBD oil drop under its Level Select brand.
  • In January 2020, CV Sciences, Inc. launched a newly updated website. PlusCBD oil website is designed to provide a better experience to the customers. By updating the website, the company aims to provide additional value to its customers as e-commerce is the fastest-growing sales channel that accounts for about 21% of the total sales of the company.

Key Market Movements:

  • Globally, the CBD oil market is rising at a CAGR of 32.5% for the estimated period from 2019 to 2027
  • North America dominated the global CBD oil market in 2018 and expected to remain dominant in the forecast period. The dominance was supported by factors such as the presence in the region of the top oil producer of cannabidiol. In addition, increasing awareness of the health benefits associated with CBD is driving market demand in the region.
  • The application segment sub-divided into food & beverage, medical and pharmaceuticals, cosmetic and others. The medical & pharmaceutical industry holds the largest share in 2018 and expected to continue its supremacy during the forecast period. Growing adoption and utilization of CBD based products due to approvals by various government support market growth.
  • The cosmetics industry expected to grow at a considerable rate during the forecast period due to the increasing preference of customers towards CBD based skincare products globally. Moreover, the overall CBD beauty industry expected to reach about US$ 25 billion by the year 2030. Thereby, increasing the demand for the CBD oil market globally.

List of Companies Covered:

  • Canopy Growth Corporation
  • CBD American Shaman
  • NuLeaf Natural, LLC
  • Medical Marijuana Inc.
  • CV Sciences, Inc.
  • Elixinol Global Limited
  • Endoca
  • Isodiol International Inc.
  • Gaia Botanicals, LLC.
  • Folium Biosciences
  • Irie CBD
  • PharmaHepm
  • Aurora Cannabis Inc.
  • Pure CBD Factory

Get Sample Copy of This Report With Covid19 Impact Analysis: https://www.credenceresearch.com/report/cbd-oil-market

ToC:

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global CBD Oil (CO) Market
2.2. Global CO Market, by Type, 2018 (US$ Mn)
2.3. Global CO Market, by Application, 2018 (US$ Mn)
2.4. Global CO Market, by Distribution Channel, 2018 (US$ Mn)
2.5. Global CO Market, by Geography, 2018 (US$ Mn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global CO Market Value, 2017-2027, (US$ Mn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global CBD Oil (CO) Market, by Type, 2017-2027 (US$ Mn)
4.1. Overview
4.2. Hemp-Derived
4.3. Marijuana-Derived

5. Global CBD Oil (CO) Market, By Application, 2017-2027 (US$ Mn)
5.1. Overview
5.2. Food & Beverage Industry
5.3. Medical & Pharmaceutical Industry
5.4. Cosmetic Industry
5.5. Others

6. Global CBD Oil (CO) Market, by Distribution Channel, 2017-2027 (US$ Mn)
6.1. Overview
6.2. Retail Stores
6.3. Pharmacies
6.4. Online
6.5. Others (Supermarkets & Hypermarkets, etc.)

7. North America CBD Oil (CO) Market Analysis, 2017-2027 (US$ Mn)
7.1. Overview
7.1.1. North America CO Market Value and Growth, 2017-2027, (US$ Mn)
7.2. North America CO Market Value, By Type, 2017-2027 (US$ Mn)
7.2.1. Market Analysis
7.3. North America CO Market Value, By Application, 2017-2027 (US$ Mn)
7.3.1. Market Analysis
7.4. North America CO Market Value, By Distribution Channel, 2017-2027 (US$ Mn)
7.4.1. Market Analysis
7.5. North America CO Market Value, By Region/Country, 2017-2027 (US$ Mn)
7.5.1. Market Analysis
7.5.2. U.S.
7.5.3. Rest of North America

8. Europe CBD Oil (CO) Market Analysis, 2017-2027 (US$ Mn)
8.1. Overview
8.1.1. Europe CO Market Value and Growth, 2017-2027, (US$ Mn)
8.2. Europe CO Market Value, By Type, 2017-2027 (US$ Mn
8.2.1. Market Analysis
8.3. Europe CO Market Value, By Application, 2017-2027 (US$ Mn)
8.3.1. Market Analysis
8.4. Europe CO Market Value, By Distribution Channel, 2017-2027 (US$ Mn)
8.4.1. Market Analysis
8.5. Europe CO Market Value, By Region/Country, 2017-2027 (US$ Mn)
8.5.1. Market Analysis
8.5.2. U.K.
8.5.3. Germany
8.5.4. France
8.5.5. Rest of Europe

9. Asia Pacific CBD Oil (CO) Market Analysis, 2017-2027 (US$ Mn)
9.1. Overview
9.1.1. Asia Pacific CO Market Value and Growth, 2017-2027, (US$ Mn)
9.2. Asia Pacific CO Market Value, By Type, 2017-2027 (US$ Mn)
9.2.1. Market Analysis
9.3. Asia Pacific CO Market Value, By Application, 2017-2027 (US$ Mn)
9.3.1. Market Analysis
9.4. Asia Pacific CO Market Value, By Distribution Channel, 2017-2027 (US$ Mn)
9.4.1. Market Analysis
9.5. Asia Pacific CO Market Value, By Region/Country, 2017-2027 (US$ Mn)
9.5.1. Market Analysis
9.5.2. Japan
9.5.3. China
9.5.4. India
9.5.5. Rest of Asia Pacific

10. Rest of the World CBD Oil (CO) Market Analysis, 2017-2027 (US$ Mn)
………..

11. Company Profiles
……….

Get Sample Copy of This Report With Covid19 Impact Analysis: https://www.credenceresearch.com/report/cbd-oil-market

DoC: https://issuu.com/robsonspot/docs/cannabidiol__cbd__oil_market.docx 

About Us
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives.

Media Contact
Name: Chris Smith
Address: 105 N 1st ST #429,
SAN JOSE, CA 95103 US
(US/CANADA) Ph.: +1-800-361-8290
E-mailsales@credenceresearch.com