The market is driven by the growing Millennial population in key cannabis markets, the health-promoting benefits of CBD oil, and the increasing number of new product launches
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The CBD oil market is forecasted to grow by USD 7.05 billion during 2023-2028, accelerating at a CAGR of 28.26% during the forecast period. The report on the CBD oil market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing consumption of cannabis among millennial population in developed countries, integration of CBD into mainstream industries, and increasing number of new product launches.
The CBD oil market is segmented as below:
By Application
- Pharmaceuticals
- Personal care and cosmetics
- Food and beverages
- Wellness
By Product
- Marijuana derived CBD oil
- Hemp derived CBD oil
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
The report on the CBD oil market covers the following areas:
- CBD oil market sizing
- CBD oil market forecast
- CBD oil market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
List of Exhibits
Executive Summary
The publisher recognizes the following companies as the key players in the global CBD oil market: Amazon.com Inc., Aurora Cannabis Inc., BIOTA Biosciences LLC, Cantourage GmbH, CBD American Shaman LLC, CV Sciences Inc., Dr Reddys Laboratories Ltd., Elixinol, Endoca BV, Green Roads Inc., Happie Hemp Pvt. Ltd., Hemp Horizons Private Limited, HempStreet Medicare Private Limited, Isodiol International Inc., Kimar LLC, LOreal SA, Medical Marijuana Inc., NeoMen, PepsiCo Inc., The Cure Brand, AMP Medical LLC, Gaia Botanics, High Tide Inc., and USA Medical.Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is growing legalization of cannabis-based products.'
According to the report, one of the major drivers for this market is the growing consumption of cannabis among millennial population in developed countries.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Amazon.com Inc.
- Aurora Cannabis Inc.
- BIOTA Biosciences LLC
- Cantourage GmbH
- CBD American Shaman LLC
- CV Sciences Inc.
- Dr Reddys Laboratories Ltd.
- Elixinol
- Endoca BV
- Green Roads Inc.
- Happie Hemp Pvt. Ltd.
- Hemp Horizons Private Limited
- HempStreet Medicare Private Limited
- Isodiol International Inc.
- Kimar LLC
- LOreal SA
- Medical Marijuana Inc.
- NeoMen
- PepsiCo Inc.
- The Cure Brand
- AMP Medical LLC
- Gaia Botanics
- High Tide Inc.
- USA Medical
