Global THC-Free CBD Oil Market Growth 2023-2029

Global THC-Free CBD Oil Market Growth 2023-2029

CBD is a cannabinoid found in the cannabis plant. Research on CBD is in the early stages, and still ongoing. But some studies so far show that it has therapeutic potential. People may use CBD to help with pain, anxiety, insomnia, and more.
There are two types of THC-free CBD oil you can choose from: isolate and broad-spectrum.
Isolate CBD oil contains only CBD, which means you will have a form that’s completely free from THC. No true isolate oil should contain any THC or any other cannabinoid besides CBD.
Broad-spectrum CBD oils also lack THC, but they do contain other cannabinoids and cannabis compounds like terpenes and flavonoids.
LPI (LP Information)' newest research report, the “THC-Free CBD Oil Industry Forecast” looks at past sales and reviews total world THC-Free CBD Oil sales in 2022, providing a comprehensive analysis by region and market sector of projected THC-Free CBD Oil sales for 2023 through 2029. With THC-Free CBD Oil sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world THC-Free CBD Oil industry.
This Insight Report provides a comprehensive analysis of the global THC-Free 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 THC-Free CBD Oil portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global THC-Free CBD Oil market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for THC-Free 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 THC-Free CBD Oil.
The global THC-Free CBD Oil market size is projected to grow from US$ 198.6 million in 2022 to US$ 974.8 million in 2029; it is expected to grow at a CAGR of 974.8 from 2023 to 2029.
The global THC-free CBD oil market includes many companies. However, Charlotte's Web is in a dominant position in the production market.
Production of THC-free CBD oil mainly concentrates in North America and Europe. North America is the largest production base with about 60% production share. Europe holds over 35% production share. For consumption, the two regions are also the biggest ones, with 95% consumption share.
There are two types of THC-free CBD oil: isolate and broad-spectrum. Isolate CBD oil contains only CBD, which means you will have a form that’s completely free from THC.
Presently, Broad-spectrum CBD oils are the most widely used type and own over 65% market share.
This report presents a comprehensive overview, market shares, and growth opportunities of THC-Free CBD Oil market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Isolate CBD Oil
Broad-Spectrum CBD Oil
Segmentation by application
Pharmaceuticals Industry
Food Industry
Cosmetics Industry
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.
Charlotte's Web
Candropharm
Medical Marijuana
Folium Biosciences
Mile High Labs
Green Roads
MH medical hemp
Treehouse
Essentia Pura
Kazmira
CBD American Shaman
Kanibi

Key Questions Addressed in this Report
What is the 10-year outlook for the global THC-Free CBD Oil market?
What factors are driving THC-Free CBD Oil market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do THC-Free CBD Oil market opportunities vary by end market size?
How does THC-Free 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.