Introduction / Market Synopsis:
CBD Hemp oil is considered to be a crucial mixture of chemical components that control diseases and help in the treatment of the patients diagnosed with neurological disorders and other diseases. CBD hemp oil is derived from an organic substance formed from the plant’s secretions. Delta-9 tetrahydrocannabinol, or THC chemical constituent of oil, is gaining momentum in the scientific community and media for the usage of neuroprotection, stress relief, immune response, and regulating the body’s general state of balance.
The global CBD hemp oil market, valued at more than US$ 950.0 Mn in 2017, is projected to surpass US$ 2.5 Billion by 2026, at a CAGR of more than 11% between 2018 -2026.
CBD hemp oil aids patients suffering from different chronic diseases as well as increases the ability of a body to produce natural cannabinoids in order to improve the immune system. Key drivers of the market are:
- High prevalence and incidence rates of chronic diseases such as cancer and diabetes
- Increasing expenditure on health care
- Increased focus on decreasing stress & depression among the young generation
- Rising concerns over the spread of neurological disorders
- Technological advancements, such as increasing usage of CBD hemp oil in the form of spray, vape, and tincture
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The Global CBD Hemp Oil Market is broadly classified by Product Type, Application, and Top Players / Brands. By product, the market is broadly classified into Inorganic Source and Organic Source.
By application, the market is segmented into Pharmaceuticals, Food, and Cosmetics Industry.
To determine the market segment, the report covers 12 key players (along with key players’ basic information, sales volume, revenue, price, and gross margin (%)) – to name a few:
- CW Hemp/CW Botanicals
- Freedom Leaf
- Green Roads
- Medical Marijuana
- Folium Biosciences
In the report, by region, the global market is divided into Americas (United States, Canada, Mexico, and Brazil), Europe (Germany, France, UK, Italy, Russia, and Spain), Asia Pacific (China
Japan, Korea, Southeast Asia, India, and Australia) and the Middle East & Africa (Egypt, South Africa, Israel, Turkey, and GCC Countries)
For a better understanding of the CBD Hemp Oil market, a better grip over the macroeconomic and microeconomic factors are needed as they are impacting the market towards progress. These factors can ensure a swift helming of the market through rough patches of economic crisis and help in averting plummeting results. With real-time data, the report captures the essence of the market and provides a close reading of demographic changes. This would assist market players in assessing growth opportunities and optimally use resources provided by growth pockets.
The regional distribution of the CBD Hemp Oil market is also discussed in the report, and detailed analyses are provided for the market’s segment in each major region. The key regional markets are profiled to give players an idea of where each region is soaring and what needs attention in specific markets. Region-specific strategies and product formulations can be based on this detailed analysis, as the factors making the market tick in specific regions are analyzed in the report, leading to a comprehensive understanding of the market.
Among regions, North America is dominating the market with the highest share of 42.50% in 2018. This is due to the wide availability of marijuana-derived CBD product, shifting consumer preferences towards ingesting edibles, and vapes products in the region. Asia Pacific is anticipated to grow rapidly due to the growing use of cannabidiol products in various food items in India, China, and Nepal. In addition, major players, with the aim of expansion, are signing agreements and partnering with local companies.
The therapeutic grade segment (by product type) is dominating the market with the highest share of 59.90% in 2018. This is due to its health benefits that help in the treatment of neuropsychiatric disorders. In 2018, the fibromyalgia segment (by application segment) dominated the market with the market size of USD 686.19 million.
Table of Contents
2018-2023 Global CBD Hemp Oil Consumption Market Report
1 Scope of the Report
2 Executive Summary
3 Global CBD Hemp Oil by Players
4 CBD Hemp Oil by Regions
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Marketing, Distributors and Customer
11 Global CBD Hemp Oil Market Forecast
12 Key Players Analysis
13 Research Findings and Conclusion
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