Global CBD Oil Market Growth 2023-2029

Global CBD Oil Market Growth 2023-2029

Hemp oil extracts have traditionally been used around the globe as medicine. A large body of evidence has indicated that the benefits of CBD hemp oil can relieve various ailments. Endoca maintains the biochemical equilibrium within the hemp plants to maximize the beneficial effects of its organic CBD oil.

LPI (LP Information)' newest research report, the “CBD Oil Industry Forecast” looks at past sales and reviews total world CBD Oil sales in 2022, providing a comprehensive analysis by region and market sector of projected CBD Oil sales for 2023 through 2029. With CBD Oil sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world CBD Oil industry.

This Insight Report provides a comprehensive analysis of the global CBD Oil landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on CBD Oil portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global CBD Oil market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for CBD Oil and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global CBD Oil.

The global CBD Oil market size is projected to grow from US$ 295.1 million in 2022 to US$ 1484.7 million in 2029; it is expected to grow at a CAGR of 1484.7 from 2023 to 2029.

Cannabidiol (CBD) is one of the hundreds of cannabinoids found in the Cannabis sativa plant. CBD oil can be derived from two different species of cannabinoids: marijuana and hemp. The Americas dominated the global CBD oil market in 2016, followed by EMEA and APAC.Hemp-based CBD oil products have a lower delta-9 tetrahydrocannabinol (THC) concentration, whereas marijuana-derived CBD oil products have a relatively high concentration of THC.

This report presents a comprehensive overview, market shares, and growth opportunities of CBD Oil market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Marijuana-Derived CBD Oil Products
Hemp-Derived CBD Oil Products

Segmentation by application
Anxiety
Fibromyalgia (FM)
Diabetes
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ENDOCA
Isodiol
Medical Marijuana
Aurora Cannabis
CBD American Shaman
Elixinol
Folium Biosciences
IRIE CBD
NuLeaf Naturals

Key Questions Addressed in this Report

What is the 10-year outlook for the global CBD Oil market?

What factors are driving CBD Oil market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do CBD Oil market opportunities vary by end market size?

How does CBD Oil break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.