CBD Oil Market Size, Share, Analysis by Leaders 2019-2024

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CBD Oil Market
CBD Oil Market Research Report - Global Forecast
till 2024
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CBD Oil Market Research Report - Global Forecast
till 2024
Market Highlights The CBD Oil Market is
estimated to be valued at USD 3782.32 Million by
2024 and expected to grow at a CAGR of 38.45
during the forecast period. CBD is a cannabinoid
found in the cannabis plant. CBD oil acts as a
natural pain reliever, have anti-inflammatory
properties and could reduce epileptic seizures,
etc. From the past few years, the market for CBD
oil had been increasing owing to rising
legalization of cannabis and growing RD in the
field. Following the same, it is noted that new
market players have been emerging in the market
owing to the rising demand for CBD oil.
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CBD Oil Market Research Report - Global Forecast
till 2024
Segmentation
Global CBD oil market has been segmented on the
basis of type, and application. On the basis of
type, the market has been divided into
hemp-derived and marijuana-derived types. The
Hemp-derived CBD oil type is holding the major
share of the overall CBD oil market. It has been
estimated that the hemp-derived segment is
growing at the highest CAGR to reach USD 2,092.97
Million by the end of 2024. Most of the legal
CBD-based products in the market are hemp-based.
According to the 2018 Farm Bill, companies can
legally grow, manufacture, possess, and sell
hemp-derived CBD products. Based on
application, the global CBD oil market is
segmented into pharmaceuticals, food, cosmetics,
and others. Among these segments, the cosmetic
industry accounts for the largest market share
owing to the anti-inflammatory and
non-psychoactive properties of CBD. Moreover, CBD
infused beauty products are a major trend these
days. For instance, Folium Biosciences, the
US-based cannabinoid producer, offers
cosmeceuticals which include CBD infused
moisturizing relief cream. Request a Sample
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CBD Oil Market Research Report - Global Forecast
till 2024
Application Major Players in this Research
Market Prominent Players The prominent players
in the global CBD oil market are Aphria Inc.
(Canada), Folium Biosciences (US), Freedom Leaf,
Inc. (US), Green Roads of Florida, LLC (US),
Charlotte's Web Holdings, Inc. (US), ENDOCA
(Netherlands), CBD American Shaman (US), CV
Sciences, Inc. (US), Medical Marijuana, Inc.
(US), Canopy Growth Corporation (US), Aurora
Cannabis (US), MedMen Enterprises Inc. (US),
Curaleaf Holdings, Inc. (US), Kazmira LLC (US),
HempLife Today (US), Pharmahemp (Slovenia),
Whistler Medical Marijuana Corporation (Canada),
Absolute Terps (US), NuLeaf Naturals (US), Emblem
Cannabis (Canada). Get Discount _at_
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CBD Oil Market Research Report - Global Forecast
till 2024
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