Global Hemp Oil in Dietary Supplements Market, By Product Type (CBD Oil, Hemp Essential Oil, Hemp Seed Oil), By Source (Organic, Conventional), By Application (Personal Care, Pharmaceuticals & Nutraceuticals, Food & Beverage, Industrial) By Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Industrial Trends and Forecasts to 2030.
Global Hemp Oil in Dietary Supplements Market
Global Hemp Oil in Dietary Supplements Market is expected to reach USD 110.51 million by 2022, which will reach USD 1308.51 million in 2030, registering a CAGR of 36.19% during the forecast period 2023-2030.
Hemp oil is extracted from hemp seeds. Extraction is done by cold pressing. Hemp oil in dietary supplements has several health and nutritional benefits, as it is rich in three polyunsaturated fatty acids: linoleic acid, alpha-linolenic acid and gamma-linolenic acid in a ratio of 3:1 in dietary supplements. It offers various health benefits such as improved skin, lowers blood pressure, promotes heart health, relieves pain and reduces inflammation.
Market Drivers
The growing spread of hemp oil on the e-commerce platform. The main driving factor for hemp oil in the nutritional supplements market is the increasing prevalence of hemp oil on e-commerce platforms worldwide. Increased online sales and increasing popularity of hemp seed oil in various online stores are the major factors that will boost the growth of the market during the forecast period. Widespread use of hemp oil in food and beverages. Widespread use of hemp oil in hygiene products and in the preparation of food and beverages is a factor that will accelerate the growth of hemp oil in the nutritional supplements market. Dietary supplement hemp oil has several health and nutritional benefits because it contains three polyunsaturated fatty acids: linoleic acid, alpha-linolenic acid and gamma-linolenic acid.
Market Restraints
Easy availability of substitutes. The presence of hemp oil substitutes in the market and their easy availability will significantly limit the growth of hemp oil in the dietary supplements market during the forecast period. This Hemp Oil Dietary Supplement Market report includes details on new recent developments, trade regulations, import and export analysis, production analysis, value chain optimization, market share, the impact of domestic and local market players, and analysis opportunities for new revenue sources. , changes in market regulations, strategic market growth analysis, market size, category market growth, application niches and dominance, product approvals, product launches, geographic expansions, and technological innovations in the market.
Market Opportunities
New applications and benefits. Growing choices of consumer products, such as nutritional supplements, as well as the increasing use of hemp oil in many other products, such as lubricants, fuels, and more, are factors creating lucrative growth opportunities for hemp oil in the dietary supplement market. forecast period. Hemp oil in dietary supplements has several health and nutritional benefits, as it is rich in three polyunsaturated fatty acids: linoleic acid, alpha-linolenic acid and gamma-linolenic acid in a ratio of 3:1 in dietary supplements. It offers various health benefits such as improving skin, lowering blood pressure, promoting heart health, relieving pain, reducing inflammation, allergic reactions and more. All these beneficial factors create significant growth opportunities for hemp oil in the dietary supplements market during the forecast period.
Market segmentation
Global Hemp Oil in Dietary Supplements Market is segmented on the basis of By Product Type, By Source, By Application.
Based on the By Product Type market is segmented into CBD Oil, Hemp Essential Oil, Hemp Seed Oil. Further market is segmented into By Source market is segmented into Organic, Conventional. By Application market is segmented into Personal Care, Pharmaceuticals & Nutraceuticals, Food & Beverage, Industrial.
Regional Analysis
Global Hemp Oil in Dietary Supplements Market is segmented into five main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Hemp oil dominates the dietary supplement market across North America, as personal care products and hemp oil-based foods and beverages have become more common in the region. Asia Pacific is expected to grow during the forecast period 2022-2029 due to increasing demand for various massage and treatment procedures and wide adoption of hemp oil based anti-aging products in the region.
Key Players.
Various key players are listed in this report such as Isodiol International Inc, Medical Marijuana, FOLIUM BIOSCIENCES, Moon Mother Hemp Company, CV Sciences, Inc. Hemp Oil Canada, Cavendish Nutrition LLC, PharmaHemp, Gaia Herbs, KAZMIRA.
Market taxonomy
By Product Type
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