CBD Oil Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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CBD Oil Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : November, 2021 | Food and Beverages

Report Digest


CBD Oil Market: Snapshot

Cannabidiol (CBD) oil is one of the compounds out of many that come under the category of cannabinoids. It is probably one of the most active ingredients of cannabis (marijuana) and the usage of the compounds has been legalized in numerous parts of the U.S., albeit with varying degrees. A growing body of research world over indicates incredible therapeutic potential of CBD. The large purported health benefits of CBD have conferred the superfood status to CBD oil. It is emerging as a promising solution for a wide range of ailments and disease conditions in worldwide populations. Most notable of them is perhaps its use in relieving arthritis symptoms. Further, CBD hold promise in treating two types of epilepsy. Stakeholders of this rapidly emerging CBD oil market have been monetizing on several such studies. 

However, the studies with substantial findings seem to be few and far between. Also, marketers haven’t been yet able to capitalize on the results, as in most cases the results are touted. Having said this, companies putting their bets on the CBD oil market are working hard to underpin the favorable effects of CBD oil. To this, a growing number of stakeholders harp on extending third-party analysis to assert the safety, efficacy, and potency of CBD in CBD oil. Moreover, they are trying to gain trust of medical fraternity in emerging markets to CBD oil to build credibility. This will provide a noticeable momentum to the future growth trajectories of the CBD oil. As a result, pharmaceuticals in numerous countries are taking some interest in portraying the beneficial effects of CBD in CBD oil.

Global CBD Oil Market: Overview

The report details an exhaustive account of the global CBD oil market along with numerous associated factors. Some of these factors included in the report are drivers, restraints, competitive analysis, latest trends and opportunities, geographical outlook, and many other aspects. The study covered in the report spans a forecast period from 2018 to 2028. From an overall perspective, the report is expected to exist as a valuable insight to businesses which are already operating in the CBD oil market, as well for those who intend to newly establish themselves in this environment.

Global CBD Oil Market: Market Potential and Major Trends

Cannabidiol (CBD) oil mainly includes hemp-based and marijuana-derived CBD oil products. With rapidly growing human population all over the globe, the number of people interested in trying out legal cannabis products is highly increasing. This is one of the most crucial factors driving the global CBD oil market. Even during the forthcoming years, future generations are expected to increasingly try out legal cannabis products, thus proving beneficial to the market’s growth. In addition to this, the medicinal use of CBD oil is quite popular among various demographic groups. This is a key trend being observed since several years, and also is responsible for rampantly driving the global CBD oil market.

CBD oil has several benefits such as ability to offer protection from Alzheimer's disease, anti-inflammatory properties, and acts as a crucial component during treatment of epilepsy and mental health disorders. Such benefits are gradually making people aware of the how useful this oil can be, thus ensuring that it is used on a large-scale basis. The adoption rate of cannabidiol oil is increasing because it also helps in drug withdrawal. CBD oil is highly recommended because it can suppress the growth of cancer cells to prevent this deadly ailment.

Global CBD Oil Market: Geographical Outlook

CBD oil products are highly preferred by consumers from the North American region, thus making it rake in maximum revenue. Apart from North America, popular economies from Latin America such as Uruguay, Peru, Chile, Colombia, Brazil, and Argentina have legalized the application of marijuana products for medical purposes. In this way, Latin America too has managed to hold onto a good lead in the global CBD oil market. Owing to registering high revenue values, both these regions are expected to bolster the adoption of CBD products. A large number of leading CBD oil production companies are present in North America. Similarly, numerous hemp producers and manufacturers are present in Canada too. The growing awareness about the health benefits of CBD oil products are further expected to propel growth in the CBD oil market.

Global CBD Oil Market: Competitive Landscape

The CBD oil market depicts a highly fragmented vendor landscape to exist, mainly due to the presence of innumerable companies who offer products that are derived from different species of cannabinoids such as marijuana and hemp. These companies are increasingly competing against each other based on factors such as the product differentiation, distribution, price, quality, and promotion. Vendors are differentiating their products and services through a unique and clear value proposition to survive and succeed in this intensely competitive environment.

ENDOCA, Gaia Botanicals, Isodiol, Medical Marijuana, Aurora Cannabis (AC), Cannoid, CBD American Shaman, Canopy Growth Corporation, CV Sciences, Elixinol, Folium Biosciences, IRIE CBD, NuLeaf Naturals, and PharmaHemp, are key players operating in the global CBD oil market. With several players expected to enter this market during the upcoming years, the competitive intensity is projected to increase at a brisk pace. Mast local players experience a substantial cutthroat competition due to the intimidating presence of larger players operating in the market.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?