According to a new study, the global CBD oil market size is expected to reach $3,095.3 billion by 2026.
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The report “CBD Oil Market Share, Size, Trends, Industry Analysis Report by Product (Hemp & Marijuana Based), by Application (Pharmaceutical, Food & Beverage, Cosmetic & Other); By Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Others); By Regions, Segments and Forecast, 2019 – 2026” provides a detailed view of the current market dynamics and provides an analysis of future market growth.
The flexibility of CBD oil that leads to a wide variety of applications, health benefits such as the ability to increase cognitive abilities, anti-inflammatory properties, among others, and the explosion of information in across various platforms, including social media, are benefiting the market demand for CBD oil. Development of new products such as CBD oil infused honey and aggressive marketing strategies adopted to promote the same are also expected to benefit the overall market growth.
In the past, research related to CBD was limited to the treatment of serious diseases such as cancer and epilepsy and this placed limitations on use in other avenues such as cosmetics. However, with the interest of multinationals in the product, the horizon of research was expanded and properties such as anti-inflammatory were discovered which led to the use of the oil not only by brands of health providers, but also for wellness brands. This expanded use along with the growing preference for preventive health care has fueled the growth of the CBD oil market worldwide.
The rise of the millennial population is also benefiting market demand. Bath soaps, lip gloss, face creams, lotions, serums, medicines to cure muscle pain are some of the products that attract this customer segment. Additionally, companies are adopting SEO-focused strategies to build online awareness of CBD oil products among these millennials. This category of customers is looking to increase their cognitive ability or health functions by using new ways and CBD oil infused products perfectly fit this demand.
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North America emerged as the largest CBD oil market in 2018 and is expected to maintain its dominance during the forecast period. A strong presence of companies in the US, high awareness about the use of CBD oil, availability of a wide variety of products and efficient distribution channels that enable easy availability are some of the factors benefiting the demand of the regional market. The acquisition of companies that have good brand recall and brand awareness by MNCs is a key market scenario in the region.
Major players in the CBD oil market include ENDOCA, Isodiol, Medical Marihuana, Cannoid., Canopy Growth Corporation, Elixinol Group, Folium Biosciences, Diamond CBD, NuLeaf Naturals, PharmaHemp, Aphria Inc. and Gaia Botanicals, among others. Development of distribution channels, development of new products and aggressive marketing campaigns are some of the success factors of the sector.
The CBD oil market has been segmented on the basis of product, application, distribution channel, and region
CBD Oil Product Outlook (Revenue, Million USD, 2015-2026)
Based on hemp seeds
Based on marijuana
CBD Oil Application Outlook (Revenue, Million USD, 2015-2026)
pharmaceuticals
Food and drinks
cosmetics
others
CBD Oil Distribution Channel Outlook (Revenue, Million USD, 2015-2026)
Hospital Pharmacy
Retail pharmacy
On line
others
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CBD Oil Regional Outlook (Revenue, Million USD, 2015-2026)
North America
WE
canada
europe
France
Germany
UK
Italy
Russia
Asia Pacific
Japan
korea
Latin America
Mexico
brazil
colombia
Middle East and Africa
Saudi Arabia
Israel
Table of Contents
Chapter 1: CBD Oil Industry Overview
Chapter 3: Market dynamics
Chapter 4: Main company profiles
Chapter 5: Global CBD Oil Market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8 – Global CBD Oil Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Key Strategies and Policies for Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Analysis of market effect factors
Chapter 13: Global CBD Oil Market Size Forecast (2024-2032).
Continue….
Reasons to buy this report
(A) Research provides valuable information to top management, policy makers, practitioners, product developers, sales managers and market stakeholders. It helps them make informed decisions and strategize effectively.
(B) The report provides a comprehensive analysis of CBD oil market revenue at a global, regional and national level, projecting trends until 2032. This data allows companies to assess their market share, identify growth opportunities and explore new markets.
(C) Research includes segmentation of the CBD oil market based on types, applications, technologies and end uses. This segmentation allows leaders to plan their products and allocate resources based on each segment’s expected growth rates.
(D) Analysis of the CBD oil market it benefits investors by providing information on market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report provides detailed analysis of competitors, their key strategies and market positioning. This knowledge allows companies to better understand the competition and plan their own strategies accordingly.
(F) The study helps to evaluate CBD oil business forecasts by region, key countries and major companies, providing valuable information for investment planning and decision making.
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