CBD is one of the 100 cannabinoids that can be found in the Cannabis sativa. Two different types of cannabinoids may be derived from CBD: marijuana and hemp. CBD oil is a critical blend of chemical components that control and support diseases in the treatment of neurological disorders and other diseases diagnosed. The organic substance formed by plant secretions derives from CBD oil. Tetrahydrocannabinol Delta-9, or the chemical oil component THC, has an important momentum for the use of euro protection, stress alleviation, immune response and regulation of the general state of the body’s balance within the scientific community and media.
Global CBD Oil Market accounted for USD 2014 Billion in 2018 and is projected to account for USD 4.5 Billion by 2026. The market is analyzed to exhibit 28.5% CAGR during the forecast period 2018 to 2026.
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The worldwide CBD oil market was widely segmented by product, application, channel of distribution and region. The global market was categorized in terms of the product as hemp and marijuana. A key share (in revenue) of the world market in 2017 was the -based segment. During the forecast period, the marijuana segment will grow at a significant growth rate. It is estimated that these product segments will gain significant market share by the end of 2026. As regards their use, CBD oil becomes increasingly popular with health care professionals, commercial users and home users in neurological pain treatment.
Regional segments in North America, Europe, Asia Pacific, Latin America, Middle East & Africa have been divided in the global hemp market. The global market is dominated by North American, but by the end of 2026 the market share is projected to increase. In North America, the market is primarily driven by the rapidly growing geriatric population and hospital admission, high treatment and increased incidence of neurological pain among the US population.
The global CBD Oil market is segmented into type of product, distribution channel and region. On the basis of product, the CBD Oil market is further bifurcated into hemp and marijuana. By distribution channel, the CBD Oil market is classified into online sales, retail, pharmacies and others. Based on the geography the chemical logistics market is further segregated into North America, Latin America, Europe and Asia Pacific.
The key players associated with the global CBD Oil market are ENDOCA, CV Sciences, Isodiol International, Medical Marijuana and Gaia Botanicals among others.
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