#CBD Oil Market
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#market research future#cbd oil market#cbd hemp oil market#cbd oil market share#cbd oil market trends
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CBD Oil Market Growth, Analysis, Latest Trends and Forecast till 2027
Market Overview
The CBD (Cannabidiol) Market Share is expected to grow at a CAGR of 125.58% and reach a valuation of USD 2,207,162 Million during the forecast period. The market value was recorded at USD 3,088.51 Million during the historic forecast period. Cannabidiol is the most frequently utilized of all the cannabinoids due to its lack of intoxicating effects. The said market product is used to treat a variety of ailments. Cannabidiol oil has a variety of medical applications, including anxiety, depression, stress, diabetes, pain, cancer symptoms, and inflammation.
The global market for CBD oil is expected to increase significantly due to the widespread use of CBD for medical purposes. Buyers are increasingly interested in CBD products, regardless of price, because of their therapeutic benefits and growing awareness and popularity. Commercial merchants are also investing more in it due to the high-profit margins. CVS Health, Rite Aid, Walgreens Boots Alliance, and other wellness and health merchants are recommending and selling CBD oil-based products.
Market Segmentation
Based on the Form, the global CBD (Cannabidiol) Market has been segmented into Solid and Liquid.
Based on the Routes of Administration, the global CBD (Cannabidiol) Market has been segmented into Tincture, Capsules, Aerosol spray, and Inhalation (smoke or vapor).
Based on the Product, the global CBD (Cannabidiol) Market has been segmented into Food grade and Therapeutic grade.
Based on the Application, the global CBD (Cannabidiol) Market has been segmented into Neurogenerative Disorder, Fibromyalgia, Diabetes, Protein bars, and Energy drinks.
Based on the End-user, the global CBD (Cannabidiol) Market has been segmented into Healthcare and Food & beverage.
Based on the Source, the global CBD (Cannabidiol) Market has been segmented into Organic and Inorganic.
Based on the Region, the global CBD (Cannabidiol) Market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
Regional Classification
The Americas are the dominant region of the global cbds stock predictions due to the increasing use of cannabis-based goods. According to a WHO report, 2.5 percent of the world's population, or around 147 million individuals, use marijuana and cannabis-related products. Furthermore, Americans aged 12 and up to make up 22.2 million of the overall number of persons who use cannabis-based products. Diverse market participants are creating various opportunities and development possibilities.
Europe holds the second-largest share of the CBD regional market. The usage of CBD has been made legal throughout Europe. Many European agencies, including the Ministry of Agriculture, the Bulgarian Food Safety Agency, and the Ministry of Agriculture, have given CBD products a free certificate of sale. Legalization and acceptance from such prestigious authorities are propelling the European market forward. Although it is legal in Europe, it is subject to various favorable regulations in the region. Furthermore, different European countries have varying cannabis legislation.
Industry News
The major key players in the CBD (Cannabidiol) Market are Aphria Inc., Folium Biosciences, The Florida Green Roads, LLC, Freedom Leaf, Inc., CBD Health Solutions, LLC, Isodiol International Inc., CV Sciences, Inc., ENDOCA, Medical Marijuana, Inc., Canopy Growth Corporation, and Elixinol Global Limited.
CBD Oil Market Competitive Landscape:
phria 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)
HempLife Today (US)
Pharmahemp (Slovenia)
Whistler Medical Marijuana Corporation (Canada)
Absolute Terps (US)
NuLeaf Naturals (US)
Emblem Cannabis (Canada)
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), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 628 258 0071
Email: [email protected]
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#market research future#cbd oil market#cbd hemp oil market#cbd oil market share#cbd oil market trends
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I am quite concerned about how expensive everything is getting 🤪
#and on a global scale too#you don't need an economics degree to understand how much the global economic market is dictated by the auto and oil industry#the price of petrol in Australia atm is absolutely insane#and you kinda need a car to get around here#public transport here is unreliable and some of the most expensive in the world#even if you're lucky enough to live near the cbd of some of the major cities here that doesn't mean you'll have work there#ideally I'd like to work in the city and bus/train most days#my new job is thankfully a lot closer to home and it's with clients in the area#haven't started quite yet tho
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#Hemp Derived CBD Oil Market#Hemp Derived CBD Oil Market Trends#Hemp Derived CBD Oil Market Growth#Hemp Derived CBD Oil Market Industry#Hemp Derived CBD Oil Market Research#Hemp Derived CBD Oil Market Report
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#CBD Cannabidiol Oil Market#CBD Cannabidiol Oil Market size#CBD Cannabidiol Oil Market share#CBD Cannabidiol Oil Market trends#CBD Cannabidiol Oil Market analyis#CBD Cannabidiol Oil Market forecast
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https://blacksocially.com/read-blog/144249_global-cbd-oil-and-cbd-consumer-health-market-size-overview-key-players-and-fore.html
#CBD Oil and CBD Consumer Health Market Scope#CBD Oil and CBD Consumer Health Market Share#CBD Oil and CBD Consumer Health Market Analysis
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CBD Oil Market New Developments: Current Industry Trends, witness Highest Growing CAGR, and Upcoming Technologies 2027
Market Highlights
The CBD Oil Market Sizeis 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.
Market Dynamics:
Growing research and development activities and financial financing from various private and government agencies for cannabinoid research. Both private and government agencies fund the discovery and manufacture of cannabinoids for medicinal uses. Cannabis has various medicinal properties that can cure diverse diseases. Which is expected to drive its performance over the assessment period. As a result of the increasing number of social media influencers endorsing the benefits of cannabis, marketing campaigns from industry participants, and growing application fields, cannabidiol has become the newest consumer trend. The demand for cannabidiol is also powered by growing food choices such as skincare, cosmetics, haircare, intimate lubricants, pharmaceuticals, gummies, tablets, flavored drinks, and other products.
The appetite for cannabis oil (CBD) for medical and health uses is high due to its healing properties, which is the key factor behind the growth of the industry. In addition, owing to regulatory approvals, rising product adoption and use is a major factor expected to fuel the demand for products infused with cannabis oil. Furthermore, the increasing knowledge of the therapeutic benefits of cannabis oil has influenced consumers, regardless of their cost, to buy products based on CBD. Increasing awareness of cannabidiol's medicinal advantages has inspired individuals to purchase goods dependent on CBD, regardless of their cost. Mainstream supermarkets are now focused on cbd analysis, as these have a higher profit margin
Segment Analysis
By product, the market is segmented into marijuana and hemp. Hemp-derived CBD oil is the leading segment which is growing at the highest CAGR to cross USD 2.09 billion by the end of 2024. The varying levels of tetrahydrocannabinol (THC) in hemp and marijuana are responsible for the large market share of CBD oil obtained from hemp.
By function, pain management, neurological disorders, fibromyalgia, mood disorders, and diabetes are segmented into the industry. The cosmetic industry accounts for a substantial share with a 38.80 percent CAGR over the estimated period.
By distribution channel, the market segmented e-commerce websites, retail pharmacies, medical marijuana dispensaries, hospital pharmacies.
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.
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.
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), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 628 258 0071
Email: [email protected]
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