Apr 06, 2020 Xherald -- Global CBD Oil Extract Industry Size, Share, Growth, Trends, Market Analysis by Source Type (Hemp, Marijuana), Distribution Channel (B2B, B2C), End-Use (Medical, Personal use, Pharmaceutical, Wellness), Country (United States, Europe, China, Japan, Southeast Asia, India & Central & South America) and Forecast to 2027
Data Bridge Market Research analyses the CBD Oil Extract Market to account for USD 25.57 billion by 2027 growing at a CAGR of 21.0% in the forecast period of 2020 to 2027. The growing awareness amongst the patients regarding the benefits of CBD oil will help in driving the growth of the market. For producing such excellent CBD Oil Extract Market 2020 research report, principal attributes such as highest level of spirit, practical solutions, dedicated research and analysis, innovation, talent solutions, integrated approaches, most advanced technology and commitment plays a key role.
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The COVID -19 pandemic has put forth a demanding situation for players in CBD Oil Extract Market. The widespread of the pandemic and the humanitarian toll taken by it is making it challenging for Market players to respond. This research study provides insights backed by our assessment of earlier emergencies and Market expertise. However, the pandemic is spreading rapidly, and some of the information in this study may become outdated.
Global CBD Oil Extract Market Overview : Legalisation of cannabis-based CBD products, rising preferences of oil and tinctures extracted from cannabis, adoption of CBD-based products in various medical treatments, growing retail sector will likely to enhance the growth of the CBD oil extract market in the forecast period of 2020-2027. On the other hand, growing number of research activities for the growing number of benefits along with government approvals will further boost various opportunities that will lead to the growth of the CBD oil extract market in the forecast period.
High cost of products along with legalisation issues in various economies will hamper the growth of the CBD oil extract market in the above mentioned forecast period.
North America dominates the CBD oil extract market due to the legalisation of medical cannabis along with growing usage of cannabis in pharmaceutical, wellness and other industries, while Asia-Pacific is expected to grow at the highest growth rate
Global CBD Oil Extract Market Breakdown:
By Source Type (Hemp, Marijuana)
By Distribution Channel (B2B, B2C)
By End Use (Medical, Personal use, Pharmaceutical, Wellness)
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The MAJOR BUSINESS PLAYERS associated with the CBD Oil Extract Market are Canopy Growth Corporation, Aphria Inc., Aurora Cannabis., MARICANN INC, Tilray, GW Pharmaceuticals plc.,Tikun Olam, The Cronos Group, Kazmira, FOLIUM BIOSCIENCES, HempLife Today, CBD American Shaman., PharmaHemp, NuLeaf Naturals, LLC,among other domestic and global players.
No. of CBD Oil Extract Market Report Pages: 350
Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins. Competitive analysis includes competitive information of leading players in CBD Oil Extract market, their company profiles, product portfolio, capacity, production, and company financials.
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Global CBD Oil Extract Market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.
Global CBD Oil Extract Market Scope and Market Size
CBD oil extract market is segmented on the basis of source type, distribution channeland end use. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
Based onsource type, the CBD oil extract market is segmented into hemp, and marijuana
On the basis of distribution channel, the CBD oil extract market is segmented into B2B, and B2C.
B2C has been further segmented into hospital pharmacies, online and retail stores.