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 : October, 2020 | Food and Beverages | PPT format

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.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?