CBD Hemp Oil Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Hemp-based, Marijuana-based); Application (Neurological Pain, Multiple Sclerosis, Depression and Sleep Disorders, Others); Distribution Channel (Hospital and Retail Pharmacies, Online Channels, Independent Drug Stores), and Geography
CBD hemp oil is derived from a variety of cannabis sativa plants. The hemp contains less than 0.3% of the compound called tetrahydrocannabinol (THC). The properties of the CBD hemp oil, such as anti-inflammatory, not clogging pores, and superior moisturization properties, have enhanced its utilization in medicinal products, edibles, and other products such as skincare and wellness. The growing research for cannabis in the medical sector has increased demand for cannabidiol oil to treat various symptoms caused to due chronic diseases.
The CBD hemp oil market is anticipated to grow due to some driving factors, including the legalization of cannabis for medical applications, increasing research and development for medical cannabis, and raising awareness about the advantages of cannabis. The market is expected to have vital growth opportunities due to the growing adoption of cannabis for medical applications in Asian and Middle East countries.
The "CBD Hemp Oil Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of CBD hemp oil market with detailed market segmentation by product, application, and distribution channel. The CBD hemp oil market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in CBD hemp oil market and offers key trends and opportunities in the market.
The CBD hemp oil market is segmented on the basis of product, application, and distribution channel. Based on product, the market is segmented as hemp-based, and marijuana-based. Based on application, the market is classified as neurological pain, multiple sclerosis, depression and sleep disorders, and others. And based on distribution channel, the market is divided as hospital and retail pharmacies, online channels, and independent drug stores.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the CBD hemp oil market based on various segments. It also provides market size and forecast estimates from year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The CBD hemp oil market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting CBD hemp oil market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the CBD hemp oil market in these regions.
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The report covers key developments in the CBD hemp oil market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from CBD hemp oil market are anticipated to have lucrative growth opportunities in the future with the rising demand for CBD hemp oil in the global market. Below mentioned is the list of few companies engaged in the CBD hemp oil market.
The report also includes the profiles of key players in CBD hemp oil market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
CBD American Shaman
NuLeaf Naturals, LLC
Canopy Growth Corporation
Medical Marijuana Inc.
CV Sciences, Inc.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
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The List of Companies
1. CBD American Shaman
2. Aurora Cannabis
4. FOLIUM BIOSCIENCES
5. NuLeaf Naturals, LLC
6. Canopy Growth Corporation
7. Elixinol Group
8. Medical Marijuana Inc.
9. CV Sciences, Inc.
10. Aphria Inc.