The market is driven by the growing Millennial population in key cannabis markets, the health-promoting benefits of CBD oil, and the increasing number of new product launches
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The cannabidiol (CBD) oil market is forecasted to grow by USD 8.22 billion during 2024-2029, accelerating at a CAGR of 29.4% during the forecast period. The report on the cannabidiol (CBD) oil market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing consumption of cannabis among millennial population in developed countries, integration of cbd into mainstream industries, and increasing number of new product launches.
The cannabidiol (CBD) oil market is segmented as below:
By Product
- Marijuana derived CBD oil
- Hemp derived CBD oil
By Application
- Pharmaceuticals
- Personal care and cosmetics
- Food and beverages
- Wellness
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
The report on the cannabidiol (CBD) oil market covers the following areas:
- Cannabidiol (CBD) Oil Market sizing
- Cannabidiol (CBD) Oil Market forecast
- Cannabidiol (CBD) Oil Market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Product
9 Market Segmentation by Application
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global cannabidiol (CBD) oil market: AMP Medical LLC, Aurora Cannabis Inc., BIOTA Biosciences LLC, Cantourage GmbH, CBD American Shaman., CV Sciences Inc., Elixinol, Endoca BV, Gaia Botanics, Green Roads Inc., Happie Hemp Pvt. Ltd., Hemp Horizons Private Ltd., HempStreet Medicare Private Ltd., High Tide Inc., Kimar LLC dba Natural Wellness Corner, LOreal SA, Medical Marijuana Inc., NeoMen, and The Cure Brand.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is growing legalization of cannabis-based products."
According to the report, one of the major drivers for this market is the growing consumption of cannabis among millennial population in developed countries.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AMP Medical LLC
- Aurora Cannabis Inc.
- BIOTA Biosciences LLC
- Cantourage GmbH
- CBD American Shaman.
- CV Sciences Inc.
- Elixinol
- Endoca BV
- Gaia Botanics
- Green Roads Inc.
- Happie Hemp Pvt. Ltd.
- Hemp Horizons Private Ltd.
- HempStreet Medicare Private Ltd.
- High Tide Inc.
- Kimar LLC dba Natural Wellness Corner
- LOreal SA
- Medical Marijuana Inc.
- NeoMen
- The Cure Brand
