Selbyville, Delaware, Oct. 28, 2020 (GLOBE NEWSWIRE) -- As per the trusted sources, global CBD oil (cannabidiol oil) market share is expected to reach a valuation of USD 24.08 billion by the year 2027. On-going research activities that confirm therapeutic value of cannabis, and affirmations by the WHO and the U.S. National Academies of Sciences, Engineering, and Medicine are encouraging the governments, research scholars, consumers, and health-care providers to consider the product potential, thereby boosting the demand for medical cannabis and impelling market growth.
The study fragments global CBD oil (cannabidiol oil) market sphere based on application spectrum, grade, form, source, regions, and competitive landscape. It provides overview of different segments and their industry stake, while showcasing pivotal information about the changes in market with respect to leading companies.
CBD oil is widely known to relieve anxiety and help the insomnia patients to fall asleep and stay asleep. It has a lot of potential which is not limited to certain conventional products such as dried form, oil spray, tinctures, and tea. Many organizations are taking measures to rediscover cannabis as medicine by engaging customers to social clubs, thereby positively influencing the global CBD oil (cannabidiol oil) industry outlook.
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Further, rising consumer inclination towards CBD usage due to its benefits in treating migraine, depression, and other psychological conditions in consort with changing methods in pharmaceutical companies for drug manufacture using cannabis, and legalization of medical cannabis in many countries will also contribute to the industry growth during forecast period. However, rising abuse among younger generation might confine global CBD oil (cannabidiol oil) market size.
Highlighting source terrain
As per industry experts, marijuana derived cannabidiol oil market segment is projected to grow substantially over 2020-2027, owing to high product demand for refined cannabis-based products and rising legalization in several countries due to the medical advantages. Further, availability of the product in government sponsored dispensaries and stores is also contributing to segmental growth. The typical products made using marijuana based CBD oil include capsules, tincture, oils, concentrates, lip balms, and lotions as well as edibles such as ice creams, candies, coffees, and gums.
Elaborating application spectrum
Worldwide CBD oil (cannabidiol oil) industry share from pharmaceuticals application is estimated to witness rapid growth during the forecast period, owing to high prevalence of severe medical conditions such as schizophrenia, multiple sclerosis, Alzheimer’s disease, and sleep related disorders among aged individuals. Further, collaborations between bio-pharmaceutical companies and cannabis producers to manufacture drugs containing cannabis for treatment of certain health disorders is also propelling the segmental growth.
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Regional overview
North America turned out to be major revenue generator for global CBD oil (cannabidiol oil) market in the recent past, claims the report. Although, cannabis is not yet federally legalized in the country, 33 U.S. states have enacted laws for legalizing cannabis for medical use, and 10 states have legalized cannabis usage for adults. Progressive views of Americans regarding cannabis use, in tandem with innovations such as ingestion methods, derivative products, cultivation techniques, and new genetics will continue to provide impetus to North America CBD oil industry.
Global CBD Oil (Cannabidiol Oil) Market Outlook by Source Type (Revenue, USD Million, 2016-2027)
- Marijuana Derived
- Hemp Derived
Global CBD Oil (Cannabidiol Oil) Market Growth by Grade (Revenue, USD Million, 2016-2027)
- Therapeutic
- Food
Global CBD Oil (Cannabidiol Oil) Market by Form Type (Revenue, USD Million, 2016-2027)
- Distillate
- Process Oil
- Isolate
Global CBD Oil (Cannabidiol Oil) Market Application Outlook (Revenue, USD Million, 2016-2027)
- Pharmaceuticals
- Cosmetics & Personal Care
- Food & Beverages
- Others
Global CBD Oil (Cannabidiol Oil) Market Regional Overview (Revenue, USD Million, 2016-2027)
North America
- Canada
- U.S.
Europe
- Germany
- UK
- Switzerland
- Italy
- Netherlands
- Czech Republic
- France
- Croatia
- Poland
Asia Pacific
- China
- New Zealand
- Japan
- India
- South Korea
- Australia
Latin America
- Brazil
- Mexico
- Colombia
- Argentina
- Chile
Middle East & Africa
- South Africa
- Israel
Global CBD Oil (Cannabidiol Oil) Market Competitive Landscape (Revenue, USD Million, 2016-2027)
- Canopy Growth Corporation
- Aurora Cannabis, Inc.
- Folium Biosciences (Whole Hemp Company LLC)
- Isodiol International Inc.
- Tilray Inc.
- Medical Marijuana Inc.
- Cannoid LLC
- NuLeaf Naturals LLC
- CV Sciences Inc.
- Aphria Inc.
- Charlotte's Web (CW Hemp)
- Green Roads CBD
- Endoca
- GW Pharmaceuticals plc
- Elixinol LLC
- Gaia Herbs LLC
- Diamond CBD
- PharmaHemp
Table of Contents
1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Cannabidiol Oil Market Insights
4.1. Cannabis Oil - Industry snapshot
4.2. Cannabidiol Oil Market Dynamics
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Cannabidiol Oil Market Industry trends
5. Cannabidiol Oil Market Assessment by Source
5.1. Key Findings
5.2. Introduction
5.2.1. Global Cannabidiol Oil Market, By Source, 2016 - 2027 (USD Million)
5.3. Hemp Derived
5.3.1. Global Cannabidiol Oil Market, by Hemp Derived, by Region, 2016- 2027 (USD Million)
5.4. Marijuana Derived
5.4.1. Global Cannabidiol Oil Market, by Marijuana Derived, by Region, 2016- 2027 (USD Million)
6. Global Cannabidiol Oil Market, by Form
6.1. Key Findings
6.2. Introduction
6.2.1. Global Cannabidiol Oil Market, By Form, 2016 - 2027 (USD Million)
6.3. Process Oil
6.3.1. Global Cannabidiol Oil Market, by Process Oil, By Region, 2016- 2027 (USD Million)
6.4. Distillate
6.4.1. Global Cannabidiol Oil Market, by Distillate, by Region, 2016- 2027 (USD Million)
6.5. Isolate
6.5.1. Global Cannabidiol Oil Market, by Isolate, by Region, 2016- 2027 (USD Million)
7. Global Cannabidiol Oil Market, by Grade
7.1. Key Findings
7.2. Introduction
7.2.1. Global Cannabidiol Oil Market, By Grade, 2016 - 2027 (USD Million)
7.3. Food
7.3.1. Global Cannabidiol Oil Market, by Food, By Region, 2016- 2027 (USD Million)
7.4. Therapeutic
7.4.1. Global Cannabidiol Oil Market, by Therapeutic, by Region, 2016- 2027 (USD Million)
8. Cannabidiol Oil Market Assessment by Application
8.1. Key Findings
8.2. Introduction
8.2.1. Global Cannabidiol Oil Market, By Application, 2016 - 2027 (USD Million)
8.3. Food and Beverages
8.3.1. Global Cannabidiol Oil Market, by Food and Beverages, by Region, 2016- 2027 (USD Million)
8.4. Cosmetics and Personal Care
8.4.1. Global Cannabidiol Oil Market, by Cosmetics and Personal Care, by Region, 2016- 2027 (USD Million)
8.5. Pharmaceuticals
8.5.1. Global Cannabidiol Oil Market, by Pharmaceuticals, by Region, 2016- 2027 (USD Million)
9. Cannabidiol Oil Market Assessment by Geography
Related Report:
Cannabidiol (CBD) Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020-2026
Cannabidiol (CBD) Market size is set to grow at around 52.7% CAGR between 2020 and 2026, as per new research report. Cannabidiol is a compound found in hemp plant which is being utilized due its therapeutic properties in humans. The growing trend among individuals to treat a variety of ailments such as anxiety, nausea, stress, chronic pain, neurological conditions and seizures are booming. This is due to the antibiotic and analgesic effects & properties present in cannabidiol. From a regional frame of reference, the Europe cannabidiol market is projected to reach a CAGR of 35.2% during the forecast timeframe with a revenue of USD 23,535 million by 2026.
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