Market Overview
The global CBD oil market is projected to grow from USD 551.2 million in 2023 to USD 3213.4 million by 2028, at a CAGR of 28.3%.
The CBD oil market is a rapidly growing market that encompasses a wide range of products containing cannabidiol (CBD), a non-psychoactive compound found in the cannabis plant. CBD oil products are used for a variety of purposes, including the treatment of anxiety, pain, inflammation, and other medical conditions. The market is expected to grow significantly in the coming years due to the increasing demand for CBD oil products and the growing legalization of CBD oil in various countries.
The key players in the CBD oil market include
ENDOCA, Isodiol, Medical Marijuana, Aurora Cannabis, CBD American Shaman, Elixinol, Folium Biosciences, IRIE CBD, NuLeaf Naturals, and Select Oil.
These players are focusing on expanding their product portfolio, increasing their distribution channels, and strengthening their marketing and branding strategies in order to gain a competitive edge in the market.
Here are some specific highlights from the report
Report AttributeDetailsMarket Size in 2023USD 551.2 millionProjected Market Size in 2028USD 3213.4 millionCAGR Growth RateCAGR of 28.3%.Base Year2022Forecast Years2023-2028Key Market PlayersENDOCA, Isodiol, Medical Marijuana, Aurora Cannabis, CBD American Shaman, Elixinol, Folium Biosciences, IRIE CBD, NuLeaf Naturals, and Select OilKey SegmentBy Application, By Type, and By RegionMajor Regions CoveredNorth America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa
Get An Exclusive Sample of The CBD Oil Market Report at This Link (Get the Higher Preference for Corporate Email ID): https://www.pragmamarketresearch.com/reports/11466/Global-CBD-Oil-Market-Research-Report-2022-Professional-Edition/inquiry
The growth of the market is driven by the increasing legalization of CBD products in various countries, the rising prevalence of chronic diseases, and the growing awareness of the health benefits of CBD oil.
Here are some of the key drivers of the CBD oil market:
Increasing demand for CBD oil for the treatment of various medical conditions: CBD oil has been shown to be effective in the treatment of a variety of medical conditions, including anxiety, pain, inflammation, and epilepsy. As more and more people become aware of the potential benefits of CBD oil, the demand for these products is expected to grow.Growing legalization of CBD oil in various countries: The legalization of CBD oil in various countries is another major driver of the market. As more countries legalize CBD oil, the market is expected to expand to new regions and reach a wider audience.Increasing consumer awareness about the benefits of CBD oil: As more and more people learn about the benefits of CBD oil, the demand for these products is expected to grow. Consumers are becoming more aware of the potential health benefits of CBD oil, and they are increasingly looking for natural alternatives to traditional medications.
Here are some of the key opportunities in the CBD oil market:
Expansion into new markets: The CBD oil market is still in its early stages of development, and there are many opportunities for expansion into new markets. As the market continues to grow, there will be a need for CBD oil products in new regions and countries.Product innovation: There is a lot of potential for product innovation in the CBD oil market. As the market matures, there will be a need for new and innovative products that meet the needs of consumers.Increased research and development: There is a lot of ongoing research and development into the potential benefits of CBD oil. As this research continues, there is the potential for new and exciting applications for CBD oil to be discovered.
Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis.
The market is segmented by type, application, and region.
By type, the market is segmented into
marijuana-derived CBD oil productsand hemp-derived CBD oil products.
The hemp-derived CBD oil products segment is expected to grow at a higher CAGR during the forecast period due to the increasing availability of hemp-derived CBD oil products and the lower regulatory restrictions on their production and sale.
By application, the market is segmented into
anxiety,fibromyalgia (FM),diabetes,chronic pain,epilepsy,and others.
The anxiety segment is expected to account for the largest share of the market during the forecast period due to the increasing prevalence of anxiety disorders and the growing awareness of the efficacy of CBD oil in treating anxiety.
The report summarizes all the information collected and serves the customers requirements. However, these market analyses help in understanding market growth at both global and regional levels. For market data analysis, we have market panorama tools such as Market Dynamics, Competitor Analysis, PESTEL Analysis, SWOT Analysis, Porter Five Forces Analysis, Value Chain Analysis, Technology Roadmap and Evolution, Regulatory Framework, Price Trend Analysis, Patent Analysis, Covid-19 Impact Analysis, Russia-Ukraine War Impact and others.
Inquire Before Purchase: https://www.pragmamarketresearch.com/reports/11466/Global-CBD-Oil-Market-Research-Report-2022-Professional-Edition/inquiry
Regional Analysis of CBD Oil Market
North America is expected to dominate the market during the forecast period due to the early adoption of CBD products in the region and the presence of a large number of CBD oil manufacturers and retailers. Europe is expected to be the second-largest market for CBD oil due to the increasing legalization of CBD products in the region and the growing awareness of the health benefits of CBD oil.
By region, the market is segmented into
North America,East Asia,Europe,South Asia,Southeast Asia,Middle East,Africa,Oceania,and South America.
Table of Contents for CBD Oil Market
Study OverviewKey Market SegmentsPlayers Covered: Ranking by CBD Oil RevenueMarket Analysis by TypeMarket by ApplicationStudy ObjectivesYears ConsideredOverview of Global CBD Oil MarketMarket Competition by ManufacturersSales by RegionNorth AmericaEast AsiaEuropeSouth AsiaSoutheast AsiaMiddle EastAfricaOceaniaSouth AmericaRest of the WorldSales Volume, Sales Revenue, Sales Price Trend by TypeConsumption Analysis by ApplicationMethodology and Data Source
Know more about this report (Description, TOC and List of Tables and Figures) – https://www.pragmamarketresearch.com/reports/11466/Global-CBD-Oil-Market-Research-Report-2022-Professional-Edition
Some of the trends that are expected to shape the CBD oil market in the coming years include:
Increasing legalization of CBD products in various countriesRising prevalence of chronic diseasesGrowing awareness of the health benefits of CBD oilDevelopment of new CBD products and formulationsExpansion of distribution channelsIncreased investment in research and development
This report is primarily focused on achieving
To provide a comprehensive overview of the industryTo analyse the factors affecting the growth of the CBD Oil MarketTo present past and future earnings of the market segments globallyTo conduct a regional-level examination of the market and its current size and prospectsTo study the market by product type and research methodologiesTo profile key players in the market and assess their strengths and competitive structure.To track the competitive advancements in the global CBD Oil Market.
Why You Should Invest in this Report
To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.Assess the production processes, major issues, and solutions to mitigate the development risk.To understand the most affecting driving and restraining forces in the market and its impact in the global market.Learn about the market strategies that are being adopted by leading respective organizations.To understand the future outlook and prospects for the market.Besides the standard structure reports, we also provide custom research according to specific requirements.
Buy this report: https://www.pragmamarketresearch.com/buy/11466?type=su
The report is a valuable source of information for companies and individuals interested in the market and provides an in-depth knowledge of the market. The table of contents includes chapters on industry overview, global competition, production market analysis, sales, consumption, export, import by regions, market analysis by region, company profiles, market forecast, and conclusions.
Trending Reports: The Latest Insights into the Industry by Pragma Market Research
Note:
Custom research reports can be available upon request.
If you wish to request a discount, please refer to the discount link on our website or send an email to sales@pragmamarketresearch.com.
About us:
Pragma Market Research is a dynamic market research and consulting firm with experienced analysts in various industries. Our industries of expertise include Medical Devices, Pharmaceuticals, Semiconductors, Machinery, Information and Communication Technology, Automobiles, Chemicals and Materials, Packaging, Food and Beverages, Specialty Chemicals, Fast Moving Consumer Goods, and more.
Contact Us:
Akshay G.
+1 425 230 0999
sales@pragmamarketresearch.com
COMTEX_439495725/2599/2023-09-04T08:48:32
CBD Oil Market SizeMarket OverviewThe global CBD oil market is projected to grow from USD 551.2 million in 2023 to USD 3213.4 million by 2028, at a CAGR of 28.3%.The CBD oil market is a rapidly growing market that Read More