The latest report on CBD Oil Market collated by Market Research Future, offers a deep dive into market dynamics, size, revenue estimations and growth rate.
Overview:
The global CBD Oil Market is on track to register a valuation worth USD 3782.32 million by 2024, with a CAGR of 38.45% during the forecast period covering 2019 to 2024. Market Research Future (MRFR) predicts and discusses prospects in their report in detail to facilitate understanding of steps that would further increase CBD oil market value.
Market Drivers and Restraints:
An increasing number of participants from diverse countries, growing legalization of the product in different countries, relaxation in laws, acceptance in the healthcare sector for use on human beings and animals, rising number of FDA approvals, increasing expenditure to promote research and development sector, recent positive results in the treatment of epilepsy and cancer, and others are expected to make sure that the market stays on the right track of growth.
However, the global CBD oil market analysis may find it difficult with the apprehensions FDA and other regulatory bodies still have about the product. Legal usage of the oil is limited due to this and it can hamper CBD oil market growth.
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Segmentation:
The global market report on the CBD oil has been segmented on the basis of type and application. These two segments have several factor-based analysis and charts to support the claims made in the report.
By type, the global study on the CBD oil market has been segmented on the basis of hemp-derived and marijuana-derived. The hemp-derived segment has better market valuation and a higher CAGR for the forecast period.
By application, the study includes the cosmetics industry, food industry, pharmaceuticals, and others. The cosmetic industry is expected to produce the fastest CAGR during the forecast period.
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Regional Analysis:
The Americas is leading the global CBD oil market size with countries like the US and Canada impacting the global space significantly. In Europe, the market will benefit from countries like the Netherlands, Belgium, and others where the consumption of such products is higher. In Asia Pacific, India, China, Japan, and South Korea will impact the market the most.
Competitive Landscape:
The global market for CBD oil is expected to benefit from strategic moves like mergers, collaborations, innovations, better research funding, and others. Influential companies like Freedom Leaf, Inc. (US), Aphria Inc. (Canada), Folium Biosciences (US), ENDOCA (Netherlands), Green Roads of Florida, LLC (US), Charlotte’s Web Holdings, Inc. (US), Medical Marijuana, Inc. (US), Canopy Growth Corporation (US), CBD American Shaman (US), CV Sciences, Inc. (US), Curaleaf Holdings, Inc. (US), Aurora Cannabis (US), MedMen Enterprises Inc. (US), Absolute Terps (US), NuLeaf Naturals (US), Pharmahemp (Slovenia), Whistler Medical Marijuana Corporation (Canada), Kazmira LLC (US), HempLife Today (US), Emblem Cannabis (Canada), and others will make sure that the market reaps the maximum benefit of it. MRFR recorded changes in great detail to understand how the market stands to benefit from the impact of these companies.
Industry News:
In June 2020, Nextleaf Solutions Ltd., a well-known brand from Canada as an innovative cannabis extractor, announced that it had received several patents from various regions like North America, Asia, and Europe. These additional patents will cover countries like the United States, Poland, Malta, Ireland, Spain, Portugal, Denmark, and Cambodia. The jurisdiction includes these regions but is not limited to these parts. The company will explore possibilities using the unique method of extracting and separating cannabinoids and terpenes.
In May 2020, WILD, by Nature from Clean CBD, announced that their new botanically-inspired CBD products contain absolutely no THC and rich with all-natural fruity flavors. The company functions from California and promises unique sensorial experiences. This experience will be guided by new CBD tinctures and portable CBD shots and these can be administered in single doses. It will be available online and with a few retailers in the US.
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NOTE: Our Team of Researchers are Studying COVID-19 and its Impact on Various Industry Verticals and Wherever Required We Will be Considering COVID-19 Footprints for a Better Analysis of Markets and Industries. Cordially Get in Touch for More Details.
The cannabis market has shown rapid growth in the past few years owing to rapid demand increase for cannabis and related products.
Market Research Future, who specializes in market reports related to the consumer and retail sector among others, recently published a report on this market.
Expansion of the North America cannabis market is estimated with a CAGR of 33% in forecast period from 2016 to 2021.The regional evaluation of the North America cannabis market is segmented based on derivatives and applications.
Based on the derivatives, the North America cannabis market is segmented into Marijuana/Flowers and Industrial Hemp, Other Concentrates and Products which consists of Hash, Keif, Hash Oil Etc.
Based on the applications type, the North America Cannabis Market is segmented into recreational applications, medicinal applications, and others and uses of hemp into clothing & textile, food and baby care, among others.The cannabis market in the North America region was over USD 3.5 billion in 2015.
Currently, the Cannabis Market is an alliance of the growers or producers of marijuana and hemp; it is rather a corporation of science and technology.
Cannabis market is a type of drug that is obtained from plants such as cannabis indica and cannabis sativa.
Cannabis plant has several medical as well as recreational usages.
In medical, cannabis is reported to treat nausea, vomiting, chronic pains, asthma and many more diseases.
The plant also has psychoactive and physiological effects when taken into the body.North America cannabis market is projected to register a healthy CAGR in the forecast period of 2019 to 2026.This North America Cannabis Market research report intensely analyses the potential of the market with respect to current scenario and the future prospects by considering several industry aspects of Cardinal Health industry.
The report also recognizes and analyses the rising trends along with major drivers, challenges and opportunities in the market.
This North America Cannabis Market report provides major statistics on the market status of global and regional manufacturers and is a helpful source of assistance and direction for companies and individuals interested in Healthcare industry.
Market Forecast :The cannabis market has shown rapid growth in the past few years owing to the rapid demand increase for cannabis and related products.
Market Research Future, which specializes in market reports related to the consumer and retail sector among others, recently published a report on this market.
The legalization of cannabis in many of the North American countries has led to the creation of further demand and enhanced the growth potential of the North America cannabis market.
The utilization of cannabis to treat various medical ailments has been beneficial to the progress of the sector.Segments The North American cannabis market is categorized on the following basis:Based on Derivatives: Industrial Hemp and Marijuana/Flowers, Other Concentrates/Products which include Keif, Hash, Hash Oil Etc.Based on Applications type: Based on applications the market is segmented into applications of marijuana into medicinal applications, recreational applications and others, and applications of hemp into food and baby care, clothing & textile among othersGlobal Competitive AnalysisA trend of volume-driven growth has been witnessed in the market of late with the development of different varieties of product types.
Conversely, with companies aiming to capture a considerable share of the market segment as early as possible, experimentation with various advantage points is being seriously considered and implemented.Major players in North America Cannabis Market include:CannavestCanadian Cannabis CorporationTweed Marijuana IncAffinor Growers.Plandai Biotechnology.Cannabis Sativa Incto name a few of the market players…Industry Updates:Jan 2018 Tokyo Smoke merged with DOJA Cannabis Company Ltd., a Kelowna B.C.-based licensed producer, to create a new company, Hiku Brands Company Ltd., which was listed on the Canadian Securities Exchange recently.
Tokyo Smoke of TS Brandco Holdings Inc had been attempting previously to maneuver into carefully cultivating a cannabis-cantered lifestyle brand leading up to recreational legalization in the country.Jan 2018 Canopy Ventures, the new investment arm of a Boulder-based cannabis accelerator is raising a new pool of cash to help early-stage companies that have survived their start-up pains grow to the next level.
The detailed market intelligence report on the Medical Marijuana market applies the best of both primary and secondary research to weighs upon the competitive landscape and the prominent market players expected to dominate the Medical Marijuana market for the forecast period, 2019 - 2026.
A detailed evaluation of the major events such as acquisition and mergers, collaborations, product launches, new entrants, and technology advancements offer a complete overview of what the future of the Medical Marijuana market will be like in the years to come.Request For Free PDF Sample Of This Research Report At: https://www.reportsanddata.com/sample-enquiry-form/1413Market Size – USD 11.70 Billion in 2018, Market Growth - CAGR of 26.4%, Market Trends – Legalization of marijuana in several countries.Key participants include Canopy Growth Corporation, Aphria, Inc., Aurora Cannabis, Maricann Group, Inc., Tilray, Cronos Group, Organigram Holdings, Inc., Vivo Cannabis, Tikun Olam, Insys Therapeutics, Inc., MedReleaf Corporation, and GW Pharmaceuticals PLC.Scope of the Report:Based on the in-depth analysis the research also brings to light major facts pertaining to the vital aspects such as market share, size, and growth rate.
Deep dive into other aspects including the investment feasibility, demand and supply, import and export status, supply chain management and growth prospects narrates a lot about what the business environment will be like for the forecast period,2019 - 2026.
All the vital statistics in the report are explained with the help of resources such as tables, charts, and info graphics.Various research techniques are applied to produce data on competitors’ strategies; past, present and future sales and purchasing trends.
Business owners aiming to inspect the present consumer base and reaching the target audience will be able to leverage the demographic details derived from different regions, to infer dynamic market shifts.
Perspectives on different disruptive forces that are believed to have a transformative influence on the future sales make the document valuable.
The Global Cultivation and Processing of Cannabis Report 2020-2026 provides comprehensive and in-depth information on the market growth opportunities and competitive scenario.
The report possesses a unique focus on international market trend evaluation.
This report also provides factors or opportunities to overcome these restraining factors.
Besides, the analysts estimate the threat of substitute products and services, supplier power, buyer power, competition, and new entrants into the industry through Porters five forces.For Right Perspective & Competitive Insights, Request a Sample @: https://introspectivemarketresearch.com/request/13038Key Player Mentioned: Canopy Growth Corporation, Aphria, Aurora Cannabis, Wayland Group, Trella Technologies, Tilray, GW Pharmaceuticals, JAMES E.WAGNER, Cronos Group, Green Thumb Industries (GTI), Cresco Labs, Organigram, NorCal Cannabis Company, CamfilProduct Segment Analysis: Non-commercial Social Cultivation and Processing, Commercial Cultivation and Processing, Medical Cultivation and ProcessingApplication Segment Analysis: Pharmaceutical, Food Chemicals, Commercial, Industrial, OthersRegional Segment Analysis: North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain etc.
The report also contains the competitive scenario analysis based on mergers and acquisitions within the Cultivation and Processing of Cannabis industry, partnerships and agreements, ventures in addition to actions, manufacturer research and developments, and product launches or product enhancement.
The researchers also focused on personal growth trends in addition to their contribution to the overall market.Cultivation and Processing of Cannabis Market Report would help you in: - Identifying business growth by recognizing high growth and attractive Cultivation and Processing of Cannabis Market categories.
