CBD Hemp Oil Market – 2019-2025
Cannabidiol (CBD) is a natural extraction of cannabis plants. The use of special extraction methods yields pure cannabidiol, which has high nutritious contents like vitamins, amino acids, terpenes, chlorophylls, fatty acids, and several other Phyto cannabinoids.
The pure CBD hemp oil is often directly taken as a source of nutritional supplements. It also finds its application in different body care and skin products. The advancement in the market has led to the evolution of different CBD hemp oil products like drops, capsules, and chewing gums.
The global CBD Hemp Oil market is expected to grow by a CAGR of 28.3% in the forecast period of 2019 to 2025.
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The key players covered in this study
CW Hemp/CW Botanicals
CBD American Shaman
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Market Analysis: Key Drivers and Restraints
The ability of Cannabidiol to cure several human diseases is a potential driving factor for the growth of the global market. The effectiveness of CBD products in treating mental disorders as well as epilepsy does account for its rise in demand. The increase in the rate of chronic diseases, rising neurological disorders, and the growing health awareness among youth boosts the usage of the CBD hemp oil. The ability of cannabidiol to treat the skin problems and enhance the immune system is further expected to increase the demand for the CBD hemp oil in the forecast period.
The intake of high doses of CBD hemp oil results in blood pressure drop leading to dizziness is a key limiting factor for the expansion of the global CBD hemp oil market.
Based on geography, the global market is segmented into the production region and consumption region.
The geographical regions of the global CBD hemp oil market that are involved in the production include the United States, China, Europe, Japan, and other regions. The regions that come under the consumption market of CBD hemp oil include North America, Asia Pacific, Canada, Malaysia, Germany, Thailand, and many other regions.
Based on production, North America, as well as Europe, are the market leaders of the global CBD hemp oil market. The rising population, increasing income, and increasing chronic diseases in the Asia Pacific region are expected to increase the demand for CBD hemp oil.
The global market of CBD hemp oil is segmented by type and application.
Depending on the type, the global market is subdivided as the organic source and inorganic source.
Based on application, the global market encompasses the food industry, cosmetics industry, and the pharmaceutical industry.
The key players in the global market include Kazmira, Freedom Leaf, Medical Marijuana, CW Hemp/ CW Botanicals, Green Roads, HempLife Today, Cannavest, and Folium Biosciences. Other leading competitors include ENDOCA, NuLeaf Naturals, Pharmahemp, and CBD American Shaman.
The technological advancements that lead to the manufacture of CBD hemp oil in the form of sprays, tincture, and vape are anticipated to expand the global market in the forecast period.
In August 2019, Cronos, a leading producer of Canadian cannabis is all set to make a huge investment in US hemp market as the United States is predicted to be the highest contributor to cannabis sale.
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