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CBD Hemp Oil Market - Growth, Trends, and Forecast (2020 - 2025)

  • ID: 4896347
  • Report
  • January 2020
  • Region: Global
  • 111 pages
  • Mordor Intelligence
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until Jun 30th 2020
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FEATURED COMPANIES

  • Aurora Cannabis
  • Canopy Growth Corporation
  • CBD American Shaman
  • CV Sciences Inc.
  • Elixinol
  • ENDOCA
  • MORE
Market Overview

CBD hemp oil market is projected to grow at a significant rate owing to the increase in the need for plant-based pain relief medication and the prevalence of mood-related neurological disorders in the future. In addition, the high prevalence of chronic diseases such as diabetes and cancer are fuelling market growth. Moreover, research and development in plant-based medications have been leading to substantial impetus to the growth of the CBD hemp oil market.

In the year of 2017 alone, the National Institute of Health has supported 330 projects totaling about 140 million on cannabinoid research. Furthermore, the rise in penetration of hemp oil in e-commerce websites and advancements in technologies expected to bolster the market growth in the near future. However, restrictions in the use of CBD in few countries and stringent regulatory infrastructure expected to hamper the market growth over the forecast period.

Scope of the Report

CBD is one of the many cannabinoids found in cannabis plants. This has been a traditional remedy for many years. CBD hemp oil is obtained from the plants by crushing the seeds or plants.

Key Market Trends

Increase in demand for plant-based non-opioid medicine is believed to propel the growth of CBD hemp oil segment
  • Plant-based medicine has witnessed significant growth over the past years. In addition, the need for minimally processed and chemical-free medicine has opened a lucrative opportunity for the growth of the market studied.
  • CBD hemp oil, unlike other psychological drugs, does not affect the state of mind of a person, in addition, it provides therapeutic benefits like stress relief.
  • Increasing the incidence of depression among the population is projected to positively impact the market growth.
  • The rise in acceptance of CBD hemp oil in treating diseases and the legalization of cannabinoid plant-related products in many countries is expected to boost the hemp-based CBD hemp oil market.
  • Furthermore, preference towards preventive healthcare and a wide range of applications of CBD hemp oil are strengthening the market for CBD hemp oil.
North America Emerges as the Largest Market for CBD Hemp Oil

Due to the factors such as the legalization of marijuana in many countries of the United States and raising awareness of the benefits of CBD Hemp oil, North America is expected to witness the largest share. Furthermore, the strong presence of companies in the United States and the availability of a wide range of products are benefiting the market demand in the region. Asia Pacific is expected to be the fastest-growing market for CBD hemp oil owing to the set up of new hemp manufacturing plants, mainly in China. China is one of the largest producers of hemp-related products and exports the majority of the products around the world. Furthermore, the focus of the companies on emerging countries and the legalization of medical use of these products are projected to boost the market growth in the Asia Pacific region.

Competitive Landscape

The CBD Hemp Oil Market is highly fragmented and is witnessing the presence of local and international players operating in the market. The key market players include Aurora Cannabis, CV Science Inc., ENDOCA, Gaia Herbs, and ISODL.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format.
  • Report customization as per the client's requirements.
  • 3 months of analyst support.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Aurora Cannabis
  • Canopy Growth Corporation
  • CBD American Shaman
  • CV Sciences Inc.
  • Elixinol
  • ENDOCA
  • MORE
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Incidence of Psychological Disorders
4.2.2 Rise in Acceptance of Hemp Oil Based Products
4.3 Market Restraints
4.3.1 Stringent Regulatory Policies
4.3.2 Side Effects and Perception of People on Use of CBD Hemp Oil
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Product
5.1.1 Marijuana Based
5.1.2 Hemp Based
5.2 By Application
5.2.1 Multiple Sclerosis
5.2.2 Depression and Sleep Disorders
5.2.3 Neurological Pain
5.2.4 Others
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle-East and Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle-East and Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Aurora Cannabis
6.1.2 CV Sciences Inc.
6.1.3 ENDOCA
6.1.4 Gaia Herbs
6.1.5 ISODIOL
6.1.6 IRIE CBD
6.1.7 Elixinol
6.1.8 CBD American Shaman
6.1.9 Canopy Growth Corporation

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Note: Product cover images may vary from those shown
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  • Aurora Cannabis
  • CV Sciences Inc.
  • ENDOCA
  • Gaia Herbs
  • ISODIOL
  • IRIE CBD
  • Elixinol
  • CBD American Shaman
  • Canopy Growth Corporation
Note: Product cover images may vary from those shown
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